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10 Yuan Return of Hong Kong to China
| Issuer | People's Bank of China |
|---|---|
| Year | 1996 |
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| Shape | Round |
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| Obverse description | Central field depicts a finely detailed high-relief rendering of Tiananmen Gate in Beijing, with a decorated huabiao ceremonial column rising to its right. The lower portion of the field is adorned with a spray of blooming peony flowers, the national flower of China, framing the base of the composition. The encircling legend 中华人民共和国 (People's Republic of China) arcs across the upper field in raised Chinese characters. The date 1996 appears in the exergue below, all set against a deeply mirrored proof field. |
|---|---|
| Obverse script | Chinese |
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| Additional information |
Issued a full year before the handover actually occurred, this coin was part of a deliberate series the People's Bank began releasing in anticipation of the July 1, 1997 transfer of sovereignty from Britain — a process that had been formally set in motion by the Sino-British Joint Declaration of 1984. Beijing used commemorative precious-metal issues throughout the 1990s as soft-power instruments, and the Hong Kong handover series was among the most commercially aggressive, targeting both domestic buyers and the overseas Chinese collector market.
KM#956 is the 1996 entry in a multi-year run. The 1997-dated issues in the same series consistently command higher premiums on the secondary market.