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100 Yuan Panda

Issuer People's Republic of China
Year 1986
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Reference(s) KM#135, Y#105
Obverse description A finely detailed frontal view of the Hall of Prayer for Good Harvests at the Temple of Heaven complex in Beijing occupies the central field, rendered with meticulous architectural precision showing the triple-tiered circular roof, surrounding marble balustrades, and ceremonial stairway. The Chinese legend 中华人民共和国 (People's Republic of China) arcs across the upper periphery in raised characters. The date 1986 appears in the lower exergue in Arabic numerals. The overall design presents a polished field with the architectural motif in relief, characteristic of the early Chinese Panda bullion coin series.
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Obverse lettering 中华人民共和国 1986
(Translation: People's Republic of China 1986)
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Additional information

China's gold Panda series launched in 1982 as a deliberate hard-currency earner, aimed squarely at Western collectors and the investment bullion market — foreign exchange, not domestic circulation, was the point. The 1986 issue is notable for carrying a fixed weight specification at a time when the series had not yet standardized its approach to purity and mass, making early-date Pandas genuinely distinct from later issues.

The 1986 also predates the controversial 1987 decision to change the panda design annually, a policy that fractured the collector base but dramatically accelerated international demand.

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