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20 000 Yuan Year of the Dragon

Issuer People's Bank of China
Year 2024
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Weight 2000 g
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Obverse description The national emblem of the People's Republic of China occupies the central field, depicting Tiananmen Gate surmounted by five stars — one large star above four smaller ones — and framed by a wreath of grain ears encircling a cogwheel at the base. The emblem is rendered in high relief against a polished black background. The legend 中华人民共和国 (People's Republic of China) arcs in Chinese characters around the upper periphery, with the date 2024 inscribed at the bottom of the field. Decorative scroll motifs flank the emblem on both sides, adding an ornamental frame to the composition.
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Reverse description A magnificent Chinese dragon is depicted in high relief, its sinuous, scale-covered body coiling dynamically across the field against a polished black background. The dragon's head, rendered with intricate detail including flowing mane, open jaws, and expressive eyes, occupies the lower left, while its serpentine body and fishtail sweep upward to the right amid billowing clouds and stylised waves. The cyclical year designation 甲辰 (jiǎ chén, corresponding to the Wood Dragon year) appears in Chinese characters to the right of centre. The denomination 20000元 is inscribed in Arabic numerals and Chinese characters along the lower rim.
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China's annual lunar gold bullion program has, over the decades, produced increasingly ambitious large-format pieces, but the 2 kg format sits at the upper end of what the People's Bank issues within the standard annual dragon cycle. The 2024 dragon year is the first since 2012, and Chinese mint output for high-denomination lunar gold reliably sells through official channels before secondary market pricing stabilizes — premiums on the 2 kg pieces in particular tend to be steep and illiquid.

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