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20 Yuan Panda
| Issuer | People's Republic of China |
|---|---|
| Year | 2004 |
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| Composition | Log in to see details |
| Weight | 1.56 g |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | 中华人民共和国 |
| Reverse description | An adult giant panda is depicted standing and turning its head to face a smaller cub, which stands upright before it amid bamboo stalks, evoking a naturalistic and intimate scene. The two animals are rendered in fine relief with careful attention to fur texture and posture. The fineness and weight designation 1/20 oz Au .999 appears in the upper left field, while the denomination 20元 is inscribed in the lower right field. |
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| Additional information |
The 2004 issue falls within the period when the Chinese Mint began aggressively targeting international bullion collectors, having already established the Panda series in 1982 as one of the first modern gold bullion programs from a communist state to penetrate Western markets. The 1/20 oz denomination was introduced to broaden accessibility at the lower end of the weight range.
Each year's Panda gold issues carry a new design, a deliberate policy established from the outset to drive collector demand — a strategy that occasionally backfired, as the annual design changes created enormous secondary-market pricing disparities between dates.