This is one of the largest gold coins ever officially issued by any sovereign mint — 10 kilograms of .999 fine gold in a single piece. The People's Bank of China began issuing these ultra-high-denomination Lunar Series megacoins in the early 2000s, partly as prestige bullion products targeting institutional collectors and sovereign wealth buyers, partly as a calculated demonstration of China's growing gold refining and minting capacity at the Shenzhen and Shanghai mints.
The 100,000 Yuan face value is purely nominal; at 2014 gold spot prices the metal value alone exceeded $400,000 USD.
This is one of the largest gold coins ever officially issued by any sovereign mint — 10 kilograms of .999 fine gold in a single piece. The People's Bank of China began issuing these ultra-high-denomination Lunar Series megacoins in the early 2000s, partly as prestige bullion products targeting institutional collectors and sovereign wealth buyers, partly as a calculated demonstration of China's growing gold refining and minting capacity at the Shenzhen and Shanghai mints.
The 100,000 Yuan face value is purely nominal; at 2014 gold spot prices the metal value alone exceeded $400,000 USD.