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100 Yuan Panda

Issuer People's Bank of China
Year 1996
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Composition Silver (.999)
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Obverse script Chinese, Latin
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Reverse description The reverse presents a naturalistic scene of three giant pandas (Ailuropoda melanoleuca) amid a rocky, forested landscape with bamboo shoots and deciduous trees framing the composition. Two pandas are depicted in the foreground — one reclining and one climbing — while a third panda clings to a tree branch at the upper left, all rendered in finely frosted relief against a mirror-polished field. Mountain scenery recedes into the background. The fineness designation .999 12oz Ag appears along the upper arc of the field, while the denomination 100元 is inscribed at the upper right in bold numerals and Chinese character.
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Additional information

The 1996 issue marks a transitional moment in the Panda bullion program: beginning that year, the People's Bank of China shifted the weight standard for the large silver Panda from troy-based to metric, moving to a full 12 troy ounces for this denomination. Mintages for the oversized silver issues were kept deliberately low throughout the mid-1990s, as the primary market was Japanese collectors, whose appetite for large-format Chinese silver had been cooling since the early 1990s bubble collapse.

KM#899 is occasionally confused with the proof-only issues from adjacent years. The 1996 is a business-strike proof, not a separate proof release.

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