10 Yuan Panda

China's Panda silver bullion series has changed its reverse design every year since 1983 — with the single exception of 2001 and 2002, which reused the same design and caused enough collector outcry that the mint reverted to the annual-change policy permanently. The 2012 issue falls within a period when the series was already firmly established as one of the most actively traded government bullion programs globally, competing directly with the American Silver Eagle and Austrian Philharmonic for institutional buyers.

KM#2029 is the 40mm coin, distinct from the smaller 27mm 10 Yuan issues produced concurrently in some earlier years.