10 000 Yuan Year of the Rat, Scalloped

Issued as part of China's ongoing lunar gold series, the 2020 kilogram piece marks the first Rat year since the series expanded to include this format. The People's Bank of China tightly controls mintage on kilogram issues, with authorized quantities typically in the low hundreds — precise figures for this year have not been officially published, which is itself characteristic of how the PBoC manages allocation for its prestige bullion program.

The scalloped edge on kilogram lunar pieces was introduced as an anti-counterfeiting and series-differentiation measure, distinguishing the top-tier denomination from smaller round issues struck in the same year.