China 2009 1 oz Gold Panda

500 Yuan Brilliant Uncirculated Coin

About the China 2009 1 oz Gold Panda 500 Yuan Brilliant Uncirculated Coin

The coin pictured above is one of ten 2009 panda coins.  Of the ten coins produced 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 imposing set of stairs leading up to it, below which is the year of production, 2009.

The Temple of Heaven was built during the Ming Dynasty (1368-1644) between 1406 and 1420 AD under orders from Emperor Yongle who ordered the construction of the Forbidden City.  From 1420 to 1911 prayers and sacrifices were offered up to Heaven by the emperor at the winter solstice, praying that Heaven would grant them a good harvest.

This is the 500 yuan, 1 oz gold coin of the series produced in 2009.  It is a brilliant uncirculated (BU) coin of 99.9% purity and has a mintage of 160,000.  The reverse of the coin shows an image of two pandas.  The pandas sit intimately together in the foreground, one of them eating a bamboo stem.  They sit in front of a dense cluster of bamboo.  The image is bounded above and below by bamboo leaves with the denomination inscribed above the image in the top of the reverse face.  The bottom edge bears 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 collectable series comprising one coin from each year.  The vast majority of 1 oz BU gold panda coins sell for a small sum over the market price of gold which, given that in the long run gold prices tend to gradually rise, makes these coins a very attractive option for defensive investors.

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