China redraws the panda every single year, and the 2014 one-ounce issue catches a young panda stretched across a bamboo limb in the middle of a dense grove. These are official legal tender of the People's Republic of China, struck by the China Mint at a face value of 10 Yuan, containing one full troy ounce of .999 fine silver. These particular 2014 Pandas carry a grade of MS70 from PCGS, the top of the Mint State scale, and are sealed in the PCGS holder with the grade and certification number printed on the label.

The obverse presents the Hall of Prayer for Good Harvests at Beijing's Temple of Heaven, with the Chinese legend for the People's Republic of China arcing above the building and the 2014 date below. The reverse shows the panda seated against a wall of bamboo, one paw resting on a branch, with the black-and-white fur rendered through contrasting frosted and polished surfaces. The 10 Yuan denomination sits at the right field, and the weight and purity statement, 1 oz Ag .999, runs along the base of the design. Strike detail is sharp across the bamboo stalks and the fur, with frosted devices standing against bright, reflective fields.

The annually changing reverse is what sets the Panda apart from every other major sovereign silver program, and it has built a collector following that runs alongside the bullion demand. The 2014 release also falls among the final issues struck at the traditional one troy ounce standard before the series moved to 30 grams in 2016. An MS70 assignment means PCGS found no flaws at 5x magnification, which matters on a series known for being difficult to keep free of milk spots and haze over time. If you are building a date run of one-ounce Pandas at the top of the grading scale, certified MS70 examples are the way to do it.

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