50 Yuan Panda, Bimetallic

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.