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50 Yuan Unicorn

Issuer People's Republic of China
Year 1994
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Shape Round
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Obverse script Chinese
Obverse lettering 中华人民共和国
麒麟
1994
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Additional information

China's Unicorn series launched in 1994 as a direct competitor to established bullion programs from the West, targeting the collector market rather than pure bullion buyers. The five-ounce silver format was designed from the outset for display and prestige — mintages were kept deliberately low, and the series was discontinued after only a few years, which has since driven secondary market premiums well above melt.

KM#679 is among the more actively traded of the early Unicorn issues, partly because 1994 fell before the series established a predictable collector base, meaning original distribution was uneven across export markets.

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