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100 Yuan Panda, Palladium
| Issuer | People's Bank of China |
|---|---|
| Year | 2005 |
| Type | Non-circulating coin |
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| Reverse description | The reverse presents a finely engraved naturalistic scene depicting an adult giant panda seated among bamboo stalks, holding a bamboo shoot to its mouth, with a playful cub nestled against its body in the foreground. The composition fills nearly the entire field, with bamboo leaves rendered in delicate detail surrounding the animals. The legend 1/2oz Pd.999 appears in the upper left field in Latin script, denoting the palladium content and purity. The denomination 100元 is inscribed in mixed Latin and Chinese script along the lower exergual area. |
| Reverse script | Chinese, Latin |
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| Additional information |
China's palladium Panda series had one of the shortest runs of any modern bullion program — issued sporadically from 1989 through the mid-2000s before being quietly discontinued. The 2005 issue came near the end of that window, at a moment when palladium prices had collapsed from their extraordinary 2001 peak of over $1,000 per troy ounce, driven down after Ford and other automakers aggressively reduced their catalytic converter stockpiles. Low spot prices made palladium coins a commercial dead end, and mintages for late-series issues reflect that reality.