15 Yuan 25th Anniversary of Panda Coinage

The Chinese Panda series launched in 1982, and by the time this 25th-anniversary piece was struck, it had become one of the few modern bullion programs to change its reverse design annually — a deliberate policy decision that drove collector demand far beyond what pure bullion buyers would sustain. The 2007 anniversary issues broke from that tradition by intentionally reprising the 1982 original design rather than introducing a new one.

At 1.24 grams, this is the smallest gold denomination in the anniversary set, corresponding to a 1/25 oz fraction.