Peter Anthony: The 1989 10 Yuan 1 oz. silver B.U. Panda is the first coin in the B.U. series. It can be found in a variety of lusters including proof-like, frosted and occasionally matte. This coin used to be common as many were saved as souvenirs. In recent years it has become more difficult to locate, especially in MS-69. MS-70 coins are rare. The grid-like background of the coin created by artist Luo Yonghui is unique to the 1989 year and is also used on the 1989 100 Yuan platinum and 50 Yuan palladium Pandas. This popular coin is the starting point for a NGC Registry set of 1 oz. B.U. silver Pandas.