China's annual lunar bullion series shifted to kilogram silver formats as collector demand for large-format issues accelerated through the 2010s, with the 300 Yuan face value assigned to this weight class functioning as little more than a legal fiction — spot silver at issue date placed the melt value many times above it. The People's Bank of China tightly controls mintage allocations for these kilogram pieces, and secondary market premiums have historically exceeded those of the gold issues in the same series on a percentage basis.
China's annual lunar bullion series shifted to kilogram silver formats as collector demand for large-format issues accelerated through the 2010s, with the 300 Yuan face value assigned to this weight class functioning as little more than a legal fiction — spot silver at issue date placed the melt value many times above it. The People's Bank of China tightly controls mintage allocations for these kilogram pieces, and secondary market premiums have historically exceeded those of the gold issues in the same series on a percentage basis.