China 2008 1 oz Gold Panda
500 Yuan Brilliant Uncirculated Coin
About the China 2008 1 oz Gold Panda 500 Yuan Brilliant Uncirculated Coin
The coin pictured above is one of ten 2008 panda coins. Of the ten coins issued in this year, seven are gold, and three are silver. 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 iconic set of stairs leading up to the Hall of Prayer for Good Harvests, below which is the year of issue, 2008.
The Temple of Heaven was finished in the 18th year of the reign of the Emperor Yongle of the Ming Dynasty (1368-1644). At the time of the winter solstice, prayers and sacrifices were offered to Heaven by the Ming and Qing emperors in the hope of a good harvest. A good harvest would show Heaven's continuing support for the Emperor's reign and would strengthen his rule.
This is the 500 yuan, 1 oz gold coin of the series issued in 2008. It is a brilliant uncirculated (BU) coin of 99.9% purity and has a mintage of 60,000. The reverse of the coin shows an image of two pandas pictured under the silhouette of bamboo foliage. One sits in the background while the other stands in the foreground looking over its right shoulder. The foliage is split by a line down the centre. To the left of this line the foliage is textured one way, to the right of the line the texturing is inverted forming a striking pattern. The denomination is inscribed below the image. The top left edge of the reverse face bears an inscription pertaining to the specifications of the coin. It reads: “1 oz Au .999”.
These 1 oz gold BU panda coins are the official bullion coin of China and have been issued each year since 1982. Together they make a collectable series. BU gold panda coins tend to sell for a small premium above the gold spot price and, since the gold market is bullish in the long run, these coins make a fantastic defensive investment.