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5 Yuan BRICS Xiamen Summit

Issuer People's Bank of China
Year 2017
Type Non-circulating coin
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Obverse lettering 中华人民共和国
2017
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Reverse lettering 金砖国家领导人厦门会晤 BRICS XIAMEN SUMMIT
BRICS
2017 CHINA
5元
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Additional information

China hosted the ninth BRICS summit in Xiamen in September 2017 — the second time Beijing had organized the gathering, and a moment Xi Jinping used to push a "BRICS Plus" framework aimed at drawing in additional developing economies. The People's Bank issued this coin specifically to coincide with that diplomatic moment, part of a broader pattern of Chinese commemorative silver issues tied to multilateral events where China holds the chair.

The 15g format at .999 fine is characteristic of the PBoC's smaller commemorative silver series from this period, which consistently undercut the 30g benchmark of major issues to hit a lower retail price point.

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