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10 Yuan Panda

Issuer People's Republic of China
Year 1997
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Value 10 Yuan (10元, 拾圓)
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Obverse script Chinese
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Reverse description A giant panda (Ailuropoda melanoleuca) is depicted in three-quarter profile, crouching on a rocky outcropping amid a naturalistic setting of stylized pine or fan-leaf foliage branches that frame the composition. The animal's characteristic black-and-white markings are rendered with fine engraving detail against a deeply mirrored proof field. The inscription '1oz Ag.999' appears in the upper left field, denoting the silver content and purity. The denomination '10元' is displayed prominently in the lower central field within a recessed tablet.
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Additional information

The 1997 Panda series arrived in the middle of a significant shift in the program's history — the People's Bank of China had just ended its practice of changing the panda reverse design annually, briefly standardizing the image before reversing that decision following intense collector backlash. The 1997 date therefore carries a specific documentary weight within the series, landing at precisely the point of that policy reversal.

Hong Kong's handover that same year drove unusually strong demand for Chinese-issued bullion among both domestic and overseas buyers.

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