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100 Yuan Panda

Issuer People's Republic of China
Year 1994
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Orientation Medal alignment ↑↑
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Obverse description Central field features a finely detailed frontal view of the Temple of Heaven (Hall of Prayer for Good Harvests) in Beijing, rendered with meticulous architectural precision showing the triple-tiered circular roof, colonnade, and surrounding marble balustrades and staircases. The temple is set within a raised inner circle, with the Arabic numeral date '1994' inscribed in the exergue below. The legend '中华人民共和国' (People's Republic of China) arcs around the upper periphery in Chinese characters.
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Reverse script Chinese, Latin
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Additional information

The 1994 Panda gold series sits in an interesting stretch of the program's history. Starting in 1992, the People's Bank of China abandoned fixed designs in favor of annually changing panda imagery — a deliberate strategy to drive collector demand and repeat purchases. It worked. The series became one of the most actively traded bullion-collector hybrids in the world through the 1990s, with Hong Kong dealers playing an outsized role in secondary market pricing before mainland Chinese collecting culture fully matured.

KM#615 corresponds to the one-ounce issue for this year. Mintage figures from the Chinese Mint for 1990s Pandas remain notoriously difficult to verify independently.

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