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10 Yuan Year of the Horse

Issuer People's Bank of China
Year 2014
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Obverse description Central emblem of the People's Republic of China depicting Tiananmen Gate surmounted by a large five-pointed star flanked by four smaller stars, all within a circular wreath of grain ears tied at the base. The national emblem is rendered in high relief against a polished field. The legend 中华人民共和国 (People's Republic of China) arcs around the upper portion of the design, with the date 2014 positioned in the lower exergue. The entire composition is contained within the coin's distinctive eight-lobed scalloped border.
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Obverse lettering 中华人民共和国
2014
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China's lunar silver program has run annually since 1981, but the 2014 Horse issue marked the second full cycle through the twelve-animal calendar — the first complete cycle having closed with the 2012 Horse. The People's Bank has progressively tightened authorized mintage figures on these 1-oz lunar pieces over successive cycles, making later-cycle examples generally less available in quantity than their 1980s predecessors despite stronger collector demand.

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