China 1998 1 oz Gold Panda

100 Yuan Brilliant Uncirculated Coin

About the China 1998 1 oz Gold Panda 100 Yuan Brilliant Uncirculated Coin

The coin pictured above is one of twenty-one 1998 panda coins.  Of the twenty-one coins issued in this year, fifteen are gold, and six are silver.  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 the Hall of Prayer for Good Harvests, below which is the year of issue, 1998.

The Temple of Heaven was constructed towards the beginning of the Ming Dynasty (1368-1644) in 1420 AD.  The part of the temple complex in the image is the Hall of Prayer for Good Harvests where the Ming Dynasty and Qing Dynasty (1644-1912) emperors would go to pray to Heaven for a good harvest.  A good harvest kept the people happy as they were not only fed, but they also believed this showed Heaven continued to approve of the Emperor's rule.

This is the 100 yuan, 1 oz gold coin of the series issued in 1998.  It is a brilliant uncirculated (BU) coin of 99.9% purity and has a mintage of 20,507.  Two versions of the 1 oz BU gold panda coin were produced in 1998, one with a small date on the obverse beneath the image of the Temple of Heaven, the other with a large date beneath the obverse image.  The small date variety was struck at the Shanghai mint, while the large date variety was struck in Shenyang.  The mintage figure represents the number of both versions issued.

The reverse of the coin shows a picture of a solitary panda reclining on a rock to the left of a cluster of bamboo shoots.  The panda props itself up on its right paw and holds a short bamboo stem in its left.  The denomination is inscribed to the left of the image.  Around the top edge of the reverse face is an inscription pertaining to the specifications of the coin.  It reads: “.999 Au 1 oz”.

In most cases BU gold panda coins sell for a small premium over the gold market price.  However the BU gold panda coins struck in 1995 and 1998 are particularly hard to come by and will tend to fetch a significantly higher price, mainly due to the low mintages of the 1995 and 1998 coins of the series.

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