China 2004 1 oz Gold Panda

500 Yuan Brilliant Uncirculated Coin

About the China 2004 1 oz Gold Panda 500 Yuan Brilliant Uncirculated Coin

The coin pictured above is one of eleven 2004 panda coins.  Of the eleven coins produced in this year, six are gold, three are silver, one is platinum, and one is palladium.  The reverse of the coins in this series show images of the same 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 and striking set of stairs leading up to the Hall of Prayer for Good Harvests, below which is the year of issue, 2004.

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 500 yuan, 1 oz gold coin of the series issued in 2004.  It is a brilliant uncirculated (BU) coin of 99.9% purity and has a mintage of 120,000.  The reverse of the coin shows an image of two  pandas, an adult and a cub, standing behind of a collection of bamboo shoots.  The denomination is inscribed below and to the right of the image.  Around the top edge of the reverse is an inscription pertaining to the specifications of the coin.  It reads: “1 oz Au .999”.

Since 1982 these 1 oz gold BU panda coins have been issued every year, making a series comprising one from each year.  Generally speaking 1 oz gold panda coins tend to fetch a small sum over the gold market price.  This makes them particularly appealing for defensive investors, given that in the long run gold prices gradually trend upward.

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