China's Panda bullion program launched in 1982, and by its 25th anniversary the series had become one of the most collected modern bullion programs globally — partly because the People's Bank changes the reverse design annually, a decision made from the outset to drive collector demand rather than serve any monetary function. This fractional piece is among the smallest in the anniversary year's output, part of a multi-coin commemorative release that included denominations scaling up through 10,000 yuan.
China's Panda bullion program launched in 1982, and by its 25th anniversary the series had become one of the most collected modern bullion programs globally — partly because the People's Bank changes the reverse design annually, a decision made from the outset to drive collector demand rather than serve any monetary function. This fractional piece is among the smallest in the anniversary year's output, part of a multi-coin commemorative release that included denominations scaling up through 10,000 yuan.