China 1989 1 oz Gold Panda
100 Yuan Brilliant Uncirculated Coin
About the China 1989 1 oz Gold Panda 100 Yuan Brilliant Uncirculated Coin
The coin pictured above is one of twenty 1989 panda coins. Of the twenty coins issued in this year, fourteen are gold, four are silver, one is palladium, 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 extensive set of stairs leading up to it, below which is the year of production, 1989.
The Temple of Heaven was the place where the emperors of the Ming (1368-1644) and Qing (1644-1912) dynasties would go at the winter solstice to worship Heaven and pray for a good harvest. This was of particular significance for them since it was believed that Heaven gave the Emperor his mandate to rule, and a poor harvest might indicate to the people that the Emperor had lost this mandate, thereby weakening his rule in the eyes of the populace.
This is the 100 yuan, 1 oz gold coin of the series produced in 1989. It is a brilliant uncirculated (BU) coin of 99.9% purity and has a mintage of 115,187. Two versions of this coin were struck in 1989. One of these versions was struck at the Shanghai mint and features a large date on the obverse. The other was struck at the Shenyang mint and features a small date on the obverse.
The reverse of the coin shows an image of a single panda sat reclining propping itself up on its left paw while eating a bamboo stem which it is holding in its right paw. The image is laid over a grid pattern. The denomination is inscribed below and to the right of the image. Below and to the left of the image is an inscription pertaining to the specifications of the coin. It reads: “Contains 1 oz pure gold purity .999”. Below this at the bottom of the face is another inscription: “1 oz Au”.
These 1 oz gold BU panda coins have been issued every year since 1982. Together they make a series of 100 yuan, 1 oz gold brilliant uncirculated panda coins. Of the coins in the series, the ones struck in the late 1980s (like the one pictured above) are particularly common.