10 Yuan Year of the Ox

China's Lunar Series coins are struck by a consortium of mints operating under People's Bank authorization, but allocation across those facilities shifts annually — and with it, subtle differences in die finishing and field quality that specialists track closely. The 2021 Ox issue arrived during a year when global silver demand spiked sharply, driving secondary market premiums well above face value almost immediately upon release.

The KM#1349 reference places this squarely in the modern Chinese commemorative program that began restructuring its distribution model around 2015, tightening authorized dealer networks considerably.