300 Yuan Panda

The kilogram Panda series occupies an unusual position in modern Chinese bullion coinage — these pieces were never intended for circulation and exist purely as collector and investment instruments, yet the People's Bank of China treats their annual design changes as a matter of policy rather than marketing. The 2013 issue was produced under the same framework that has governed the series since 1983, with the Bank holding tight control over authorized mintages and distribution channels, keeping exact production figures opaque even to major dealers.

KM#2122 is among the larger format issues in a series that has attracted significant speculative attention from Chinese domestic collectors, particularly following capital controls that made large-denomination precious metal instruments an attractive store of value in the post-2008 period.