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50 Yuan Panda, Bimetallic

Issuer People's Bank of China
Year 1990
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Composition Bimetallic: gold (.999) centre in silver (.999) ring
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Obverse lettering 中华人民共和国 1990
Reverse description The gold centre depicts a giant panda (Ailuropoda melanoleuca) seated on a rocky outcrop in a three-quarter pose, rendered in fine relief with characteristic black-and-white markings suggested through contrasting surface textures. A bamboo stalk with leaves occupies the left field. The legend 含纯金1/2盎司 成色.999 arcs along the upper inner border of the gold centre, with the denomination 50元 inscribed in the lower field. The silver outer ring bears the inscription 1/2 OZ Au .999 + 1/5 OZ Ag .999 along the upper arc and the date 1990 along the lower arc, all incuse.
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Additional information

The 1990 bimetallic Panda was among the earliest Chinese coins to combine gold and silver in a single flan, a technique that presented genuine production challenges for the Shanghai and Shenzhen mints still refining their bimetallic joining methods. China's Panda series had launched in 1982 primarily to attract foreign hard currency during the country's push to expand export revenue — collectibility was the explicit goal from the outset, not circulation.

KM#281 carries a mintage low enough that examples appear infrequently at auction outside of specialist Asian numismatic sales.

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