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100 Yuan Panda

Issuer People's Republic of China
Year 2003
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Reference(s) KM#1471, Y#1158
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Obverse lettering 中华人民共和国
2003
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Reverse lettering 1/4oz Au .999
100元
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Additional information

China's Panda gold bullion series, launched in 1982, is notable for changing its reverse design annually — a deliberate policy that distinguishes it from most major bullion programs and drives substantial collector demand alongside its investment value. The 2003 issue falls within a period when the series was gaining significant traction in Western markets, particularly Germany, where Panda coins had developed a dedicated collector base large enough to support several specialist dealer networks.

One persistent authentication concern with this type: counterfeits of the 2003 Panda circulated in measurable quantities through secondary markets in the mid-2000s, primarily out of Shenzhen.

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