300 Yuan Panda

China's kilogram Panda silver issues occupy an awkward position in the market — technically legal tender, practically never spent, and priced so far above face value that the nominal denomination is almost an inside joke between the mint and the buyer. The People's Bank of China has issued kilogram silver Pandas annually since the early 1990s, with each year's design change making prior dates immediately collectible by series completionists rather than bullion buyers.

The 2025 issue falls under mintage controls the PBoC has never fully disclosed publicly, though authorized mintages for kilogram silver pieces have historically been capped well below those of the standard 30g issues.