100 Yuan 40th Anniversary of Panda Coinage

China's Panda bullion series launched in 1982, making 2022 its fortieth year — a span long enough that early-date Pandas, particularly the 1982 and 1983 one-ounce issues, have quietly become serious numismatic collectibles independent of their gold content. This commemorative marks that anniversary rather than functioning as a standard annual bullion release.

The series is notable for changing its reverse design every year, a deliberate policy that distinguishes it from most national bullion programs and has driven date-by-date collecting since the beginning.