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FAQs
 
日期:2012/12/11 访问:
 

 

1 Which Department is authorized by the State Council to Issue CMGSCC ?

 

The People's Bank of China (China's central bank) are authorized by the State Council as the only organization to distribute Chinese Modern Commemorative Coins (CMGSCC). As the central bank of China, the People's Bank of China has three main functions:


1.the formulation and implementation of the monetary policy; 
2.the supervision and management of the nationwide financial circle and financial market; 
3. the distribution of Renminbi.


Renminbi is the legal tender of the People's Republic of China.,including circulating banknotes,circulating coins,general commemorative coins and precious metal commemorative coins. According to the Regulations of the People's Republic of China Governing the Renminbi,precious metal commemorative coins are legal tenders made of gold, silver, platinum and such precious metals, China Gold Coin Inc. is the only organization responsible for the project, design, mintage and distribution of Chinese precious metal commemorative coins.

 

2 What is Chinese modern commemorative coins ?

 

Chinese modern commemorative coin is a kind of Chinses legal coin with a bound issuance quantity, includes precious metal coin and bullion commemorative coin. Since it's first issuance in 1979, it has gradually formed 2 big catagories include 10 series, 40 projects, more than 1400 varieties. Chinese modern commemorative coin has a great variety and a widely absorbed themes, the accumulative total value has reached more than 10 billion Yuan. Opened up a Chinese featured way of producing, new products designing and selling of commemorative coins. Chinese modern commemorative coin has formed it's featured series and become more and more popular in international coin market, gained popular interest and high praise among coin collectors around the world.

 

 

 

 

3 What is the First Issue of Chinese Modern Commemorative Coins ?

 

reform policy after the 3rd Plenary Session of the 11th Central Congress of the Communist Party of China. People's Bank of China applied to State Council of the plan of issuing Precious Metal Coins abroad. In 1979 State Council authorized People's Bank of China to issue Precious Metal Coins, this is the start of Chinese Modern Commemorative Coins. Oct.1 1979, the first set of Commemorative Coin was issued for the 30th anniversary of The People's Republic of China. Otc.1 1984, the first set of Chinese Bullion Commemorative Coins was issued under the theme."35th anniversary of The People's Republic of China". The set include 3 copper-nickle coins.

 

4 What are the Principles in the Designing of Chinese Modern Commemorative Coins

 

The minting of gold and silver coins are decided by the following elements: precious metal with standardized purity and weight, fine art in minting, commemorative themes, exquisite artistic design and surpassing engraving. Artistic design is the most important aspect. The artistic design of Chinese Modern 

Commemorative Coin is abide by the following priciples: 

1.Bear the features of legal tender. The obverse pattern of Chinese Modern Commemorative Coin is composed of the title of The People's Republic of China together with the issuaing year. The main pattern is decided by the theme. National emblem, representative buildings or historical figures, are elements serves as the symbols of a country's legal tender. The reverse side engraved of face value at an eye-catching place, and leave a specific space around it, it's the essential feature of legal tender. Arabic numerals and Chinese character "Yuan" are adopted in engraving the face value, and for theconvenience of identification. 

2. Lay stress on the combination of traditional painting and engraving.Chinese Modern Commemorative Coins adopt the composition method of combining main pattern and background all together to increase the richness and variety of the design. And this method is frequently used in traditional painting and embossment. In the design of many coins, we strictly keep up the method of adopting excellent works of Chinese traditioal painting as the original, and express it again through the art of engraving. This formed the unique artistic style of Chinese Modern Commemorative Coin. 

3. Keep to the principle of innovation. The design of a coin's pattern is an artistic creation, a coin without innovation would'nt have artistic value. Through repeatedly research and practice, a new method of intaglio is invented. Make use the theory of metal reflection and adopt special engraving art to reflect the natural color of gold and silver coins. The method is approved by world coin circle, and make Chinese Gold and Silver Coins an extraordinary splendour.

4. Insist on the chase of artistic beauty. Art must be beautiful, this is the essence of art, the design of gold and silver coins must keep to the principle of beauty. The beauty should be realized by adopting the following artistic method: composition arrangement, image feature, lingering charm of lines and figure shape. This expressd the beauty lays in the spirit and form of the figure; the majestic and graceful beautyof architecture or natural scenery and the beauty of ideal state. The design of artistic beauty is a complex creation process superadd vivid engraving made most Chinese Modern Gold and Silver Coins a success in art.

 

5 What are the Issuance Principles of Chinese Modern Commemorative Coins ?

 
 

1. Chinese Modern Commemorative Coin is issued exclusively by The People' Bank of China under the authorization of The State Council of PRC., any other departments and units are forbidden of the issuance all and singular. 

2. All the commemorative coins issued in the name of The People's Bank of China (including precious metal coins andbullion coins) are legal tender. It's design, face value, specification, issuance volume, price must go through the examination and approval of The People's Bank of China and apply to The State Council for the issuance authorization. Bullion coins can be circulated equally with RMB. Precious metal coins are not involved directly in circulation, but their material make them bear collectible value and state credit.

3. Chinese modern commemorative coins are minted by state-owned enterprises under the authorization of The People's Bank of China. Namely, minted by China Banknote Printing and minting Co.and enterprises affiliated.
 

4. Precious metal commemorative coins are minted under specified standards in specification, precious metalcontent, purity and quality. These coins are featured in shape, including round, square and special shapes. 

5. Precious metal coins are minted under specific standard in letters and patterns. The title of The People's Republic of China, issuing year and face value are the essential marks on the coins. Serious in selection of themes and patterns, the purpose is to carry foward traditional culture , propagandize patriotism and socialism. It is a carrier of the construction of spiritual civilization.

6. The issuance volum is under strict control, and is publicly anounced, excess issuance is inexistent. Each set of precious metal coins are sold with a certificate ( with serial number ) subscribed by the present president of The People's Bank of China to ensure its issuance volume and quality standard.

 

6 What are the standards of calculating the market price of Chinese Modern Commemorative Coins ?

 
 

The price of an commemorative coin is decided by the commemorative significance of its theme, the quality and weight of its precious metal content, the perfection of its artistic design, the excellence of its engraving and minting art. Chinese Commemorative Coins are not sold in accordance with its face value. A face value is required because it's the symbol of legal tender. The face value mark system of Chinese Commemorative Coins are stable in the past 20 years, and was accepted by foreign coin market because its market price does not link with its face value. The market price of Chinese Precious Metal Commemorative Coin is fixed according to the actual weight of the coin, base on the floating prices of gold and silver in international market, and take production cost, profit as the synthetical factors in price fixing. Chinese Precious Metal Commemorative Coin realized the standardization in variety, purity, weight, diameter and face value, thus gained international reputation and accepted as the "reliable product" by coin-funs and coin collectors around the world.

 

 
 
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