Chinese Panda 15g 2027 — 15 g of 999 gold in the format of the former half ounce
The 15g Chinese Panda Gold Coin 2027 contains 15 g of fine gold at 999 fineness and has a face value of 200 yuan. It is issued by the People's Bank of China as legal tender of the People's Republic of China. The 2027 edition was released on 30 October 2026, and its reverse shows two giant pandas resting their heads together.
The 15g coin replaced the 1/2 oz Panda in 2016. It holds 0.5517 g less gold than half a troy ounce (15.5517 g) and has kept its 27 mm diameter. Two coins add up to 30 g, the same as the largest coin in the series.
Specifications — 15g Panda, 2027 edition
| Feature |
Value |
| Issuer |
People's Bank of China |
| Distributor |
China Gold Coin Group Co., Ltd. |
| Mints |
Shenyang Mint, Shanghai Mint, Shenzhen Guobao Mint |
| Series |
Chinese Panda, 2027 edition (46th annual edition since 1982) |
| Metal and fineness |
gold 999 |
| Fine gold content |
15 g |
| Diameter |
27 mm |
| Face value |
200 yuan (CNY), legal tender of the PRC |
| Maximum mintage |
200,000 coins |
| Obverse |
Temple of Heaven in Beijing, name of the state, year 2027 |
| Reverse |
two giant pandas, bamboo leaves, inscriptions 15 g Au .999 and 200 yuan |
| Issue date |
30 October 2026 |
| Packaging |
original mint-sealed film |
| VAT |
exempt — EU Directive 2006/112/EC, art. 344-356 |
Why the 2027 Panda 15g
- Mid-range size — 15 g is half of the largest Panda, and the 27 mm diameter matches a 1/2 oz Krugerrand (27.07 mm).
- State issuer — the coin's parameters are set by People's Bank of China Announcement No. 26 of 19 October 2026: 15 g of gold, 999 fineness, 200 yuan face value.
- Capped mintage — the bank allows a maximum of 200,000 coins of the 15g size; 60% fewer than the 30g coin.
- A new reverse every year — the panda design changes with each edition, 2001 and 2002 excepted, so the 2027 coin can be told apart without reading the date.
- VAT exemption — a gold coin of 999 fineness that is legal tender is exempt from VAT under articles 344-356 of EU Directive 2006/112/EC.
The Chinese Panda series — from 1982 to the 2027 edition
The People's Bank of China issued the first set of gold bullion Pandas on 15 September 1982. The 2027 edition is the 46th in the series. The issue of 30 October 2026 comprises 15 coins: 7 bullion and 8 proof coins in gold, silver and platinum.
Until 2015 this slot was filled by the 1/2 oz Panda. When the series went metric in 2016 it was replaced by the 15g coin, with the same 27 mm diameter and the same 200 yuan face value but 0.5517 g less gold.
The coins are struck by three mints: Shenyang Mint, Shanghai Mint and Shenzhen Guobao Mint. The sole distributor is China Gold Coin Group Co., Ltd. The announcement does not state which mint strikes which size.
Obverse — the Temple of Heaven in Beijing
The obverse is shared by every coin in the edition. It shows the Hall of Prayer for Good Harvests at the Temple of Heaven in Beijing. The name of the state runs around the top in Chinese characters, with the year 2027 at the bottom. The Temple of Heaven has appeared on the series since its first edition.
At 27 mm the three roof tiers and the terrace balustrades remain distinct.
Reverse 2027 — two pandas beneath bamboo leaves
The reverse of the 2027 edition shows two giant pandas in close-up, resting their heads together. Bamboo leaves appear above them on the left. The background is plain, with no landscape. The design is by Tong Fang; according to reports from the issue ceremony, the way the heads meet suggests the shape of a heart.
The weight and fineness are struck at the top: 15 g Au .999, with the face value of 200 yuan at the bottom. All 15 coins of the edition carry the same design — they differ in inscriptions and scale. At 27 mm the fur texture and the bamboo leaves keep a crisp outline.
What to check before buying
- Grams, not ounces — the 15g Panda holds about 3.5% less gold than a 1/2 oz coin, so compare prices per gram.
- 999, not 999.9 — the Panda is struck in 999 gold. The 15 g shown on the coin is the fine gold content.
- Mint film — the Panda is heat-sealed in clear film at the mint. Intact film makes a later resale easier.
- Year — this listing is the specific 2027 edition, not a mixed-years variant.
Why GoldInvest24
The five gold Pandas of 2027 compared
The 2027 edition includes five gold bullion coins. The 15g coin sits in the middle by weight and has a mintage of 200,000.
| Coin |
Fine gold |
Former counterpart (until 2015) |
Diameter |
Face value |
Maximum mintage |
| 30g Panda |
30 g |
1 oz (31.1035 g) |
32 mm |
500 yuan |
500,000 |
| 15g Panda |
15 g |
1/2 oz (15.5517 g) |
27 mm |
200 yuan |
200,000 |
| 8g Panda |
8 g |
1/4 oz (7.7759 g) |
22 mm |
100 yuan |
200,000 |
| 3g Panda |
3 g |
1/10 oz (3.1103 g) |
18 mm |
50 yuan |
500,000 |
| 1g Panda |
1 g |
1/20 oz (1.5552 g) |
10 mm |
10 yuan |
500,000 |
Weights, diameters, face values and mintages are taken from People's Bank of China Announcement No. 26 of 19 October 2026.
FAQ — 15g Chinese Panda Gold Coin 2027
How much gold does the 15g Chinese Panda 2027 contain?
The coin contains 15 g of fine gold at 999 fineness. It has a diameter of 27 mm and a face value of 200 yuan.
What does the reverse of the 15g Panda 2027 show?
Two giant pandas resting their heads together, with bamboo leaves in the upper left. The weight and fineness (15 g Au .999) are at the top and the 200 yuan face value at the bottom. Every coin of the 2027 edition carries the same design.
How does the 15g Panda differ from a 1/2 oz coin?
It contains 15 g of gold, which is 0.5517 g (about 3.5%) less than half a troy ounce. It replaced the 1/2 oz Panda in 2016 and kept its 27 mm diameter and 200 yuan face value.
What is the mintage of the 15g Panda 2027?
The People's Bank of China has set the maximum mintage at 200,000 coins. The other gold bullion coins of the edition: 30g, 3g and 1g — 500,000 each; 8g — 200,000.
Who issues the 15g Chinese Panda?
The issuer is the People's Bank of China. The coins are struck by Shenyang Mint, Shanghai Mint and Shenzhen Guobao Mint, and the sole distributor is China Gold Coin Group Co., Ltd. The coin is legal tender of the People's Republic of China with a face value of 200 yuan.
Is VAT charged on the 15g Panda?
No. A gold coin of 999 fineness that is legal tender is exempt from VAT under articles 344-356 of EU Directive 2006/112/EC.