China will be issuing a set of precious metal commemorative coins September 20 for the Beijing 2008 Summer Olympic Games.
The Olympic commemorative coins are scheduled for release between 2006 and 2008 in three series, including nine coins in gold and fourteen coins in silver, the People’s Bank of China said in a press release Monday.
The commemorative coins include a set of two base metal coins with a face value of one yuan each and a set of six precious metal coins, including two each made of 1/3 ounce of gold and four made of one ounce each.
The coins are all legal tender in the People’s Republic of China.
The common obverse design for the gold and silver coins features the traditional paired “Chinese Dragon” and the emblem of the Olympics. The gold coins have a face value of 150 yuan and the silver coins are 10 yuan.
According to an agreement between the People’s Bank and BOCOG, two more sets of coins to commemorate the Games will be issued in 2007 and 2008.
China has already issued commemorative precious metal coins, pins and gold bars on the Olympic theme since 2001 the year Beijing was awarded the 2008 Games.
