800 Yuan Panda

The 800 yuan face value assigned to this 50g issue follows the People's Bank of China's longstanding practice of setting nominal denominations well below actual bullion value — a legal fiction that technically makes these coins currency while insulating them from any obligation to circulate. The Panda series, running continuously since 1982, changes its reverse design annually, which the Bank has maintained as policy without exception, making any given year's issue a closed mintage by design rather than by accident.