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October 1st Marks China’s Independence Day and the Release of 60th Anniversary Commemorative Coins
Silver and gold coins issued to celebrate the 60th anniversary of the People's Republic of China are selling for as much as $100,000.
China is only the third country to launch a human into orbit on its own, after Russia and the United States. Notably, the Chinese were the first to launch rockets -- in the year 1232. During the battle of Kai-Keng, the Chinese repelled Mongol invaders by a barrage of "arrows of flying fire," that used gunpowder as a solid-propellant.
The World Gold Council quotes Cai Yanan of Beijing Caibai Gold and Jewelry, saying that local demand for the 60th Anniversary coins, gold in particular, "far exceeds the supply." Prices range from under $100 for the 1 oz. silver coin to over $100,000 for the impressive kilo (Over 32 oz.) gold coin. For further information contact official distributor Panda America at 800-472-6327 or visit their web site www.PandaAmerica.com.
Picture of 1 oz. pure silver 60th Anniversary 10 Yuan coin:
Picture of 1 kilo pure gold 60th Anniversary 10,000 Yuan coin:
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Panda America was founded in 1982 when it was selected to be an official distributor for China's Panda gold coins. It distributes new coins for a number of governements around the world, and also sells numismatic rarities from the United States and the World.