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1/4 Ounce Gold Panda

Issuer People's Bank of China
Year 1982
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Reference(s) X#MB9, Y#41, KM#53
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Obverse script Chinese
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Reverse description Central device portrays a giant panda (Ailuropoda melanoleuca) seated in three-quarter view facing right, rendered in a charming naturalistic style with contrasting relief work highlighting its distinctive markings. The animal holds and gnaws on a bamboo stalk, with leafy bamboo sprays extending into the upper right field. To the right of the central device, two lines of Chinese inscription in the field denote the fineness and gold content of the coin. The open field surrounding the motif displays a brilliant mirror-like surface characteristic of the bullion issue.
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Additional information

The 1982 issue was only the second year of the Gold Panda series, launched in 1981 as China's first modern bullion program aimed squarely at the international collector market. The People's Bank of China made a deliberate choice from the outset to change the reverse design annually — a policy that immediately distinguished the series from competitors like the Krugerrand and created sustained collector demand. That decision was not yet industry consensus in 1982; it became one.

The 1/4 oz denomination was included from the program's inception, though mintage figures for these early issues were never officially disclosed with precision, and Western auction records from the period remain the primary source for population estimates.

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