China 1987 1 oz Gold Panda

100 Yuan Brilliant Uncirculated Coin

About the China 1987 1 oz Gold Panda 100 Yuan Brilliant Uncirculated Coin

The coin pictured above is one of twenty 1987 panda coins.  Of the twenty coins issued in this year, seventeen are gold, two are silver, and one is platinum.  The reverse of the coins in this series show different images of pandas.  The obverse of the coins all bear the inscription: “The People's Republic of China”.  Below this inscription on all coins in the group is an image of the Temple of Heaven with its broad and extensive set of stairs leading up to the Hall of Prayer for Good Harvests, below which is the year of issue, 1987.

The Temple of Heaven, built in 1420 AD and situated in southern Beijing, was the place where the Qing (1644-1912) and Ming (1368-1644) emperors would go to make offerings to Heaven for a good harvest.  The importance of these sacrifices could not be underestimated as China's wealth and political stability depended on good harvests.  A poor harvest would not only cause starvation and an economic crisis, but might indicate that the Emperor, whose rule was mandated by Heaven, had fallen out of favour with Heaven, and had therefore lost his legitimacy to rule.

This is the 100 yuan, 1 oz gold coin of the series produced in 1987.  It is a brilliant uncirculated (BU) coin of 99.9% purity and has a mintage of 47,000.  The reverse of the coin shows an image of a single panda standing on a river bank by bamboo shoots drinking from the water.  The denomination is inscribed below  and to the right of the image.  Around the top and left edge of the reverse face is an inscription pertaining to the specifications of the coin.  It reads: “Contains 1 oz pure gold purity .999 1 oz Au”.

There were two versions of this BU coin issued in 1987, one bearing an “s” mint mark and one bearing a “y” mint mark.  The above coin bears the “y” mint mark.  The coin bearing the “s” mark has a mintage of 84,000.

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