20 Dollars Panda

Liberia has no domestic gold refining infrastructure and produces these issues entirely through contracted foreign mints — most pieces in the Panda-branded series are struck in China, a detail that gives the "Panda" naming something more than decorative logic. At 0.311 g, this is a 1/100 oz fractional, a format that has proliferated aggressively among small-nation issuers since the 2010s as a low barrier-to-entry bullion product aimed at retail collectors rather than monetary reserves.