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1000 Yuan Panda

Issuer People's Bank of China
Year 1994
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Orientation Medal alignment ↑↑
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Obverse script Chinese
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Reverse description The recessed central field presents three giant pandas rendered in high sculptural relief amid a naturalistic setting of bamboo, rocks, and a flowing stream. One panda is depicted seated at upper center feeding on bamboo shoots, a second panda cub is shown in profile at lower left, and a third panda leans forward drinking from the water at lower center. The denomination 1000元 appears in the lower right of the field. The broad raised border carries the inscriptions 成色.999 and 12 OZ Au in Latin characters at upper right, and 12盎司金 in Chinese characters at left, all arranged circumferentially.
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Additional information

The 1994 1000 Yuan Panda represents the apex of the annual Chinese Gold Panda bullion series that year — the one-kilogram piece, issued in strictly limited quantities and aimed squarely at the institutional collector market rather than circulation. China's Gold Panda program, launched in 1982, changed its panda reverse design annually, a deliberate policy that drove secondary-market premiums well above melt and turned the series into a collecting discipline in its own right. The 1994 design change was itself a point of minor controversy among dealers, as some distributors had over-ordered the prior year on speculation.

Mintage figures for the kilogram denomination in this period were typically in the low hundreds, though the People's Bank of China rarely published precise numbers.

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