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200 Yuan Panda

Issuer People's Republic of China
Year 2025
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Diameter 27 mm
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Obverse script Chinese
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Reverse description A naturalistic group of three giant pandas (Ailuropoda melanoleuca) depicted at leisure among bamboo foliage: two adults are shown resting and interacting atop a rocky outcrop in the upper field, while a third adult sits centrally clutching a bamboo stem, and a cub reclines playfully in the lower left foreground. The composition is richly detailed with selective frosting contrasting against the mirror-polished background, evoking depth and vitality. The denomination 200元 is inscribed to the left of the central panda, and the weight and fineness notation 15g Au.999 appears along the upper border. The overall design exemplifies the annually changing panda motif characteristic of the Chinese Panda bullion series.
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Additional information

China's Panda gold series, launched in 1982, was the first major bullion program to change its reverse design annually — a deliberate policy that transformed the coins into collectibles rather than pure bullion instruments, driving demand well beyond what weight alone would justify. The 15-gram denomination was introduced in 2016 when China converted the entire series from troy-ounce weights to metric, a metrication that drew sharp criticism from Western dealers already holding inventory denominated in the old fractional sizes.

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