China 2010 1 oz Gold Panda

500 Yuan Brilliant Uncirculated Coin

About the China 2010 1 oz Gold Panda 500 Yuan Brilliant Uncirculated Coin

The coin pictured above is one of ten 2010 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 Hall of Prayer for Good Harvests at the Temple of Heaven with its imposing set of stairs leading up to it, below which is the year of issue, 2010.

The Temple of Heaven, built in 1420 AD and situated in southern Beijing, was the place where the Qing (1644-1912) and Ming (1368-1644) emperors would go to make offerings to Heaven for a good harvest.  The importance of these sacrifices could not be underestimated as China's wealth and political stability depended on good harvests.  A poor harvest would not only cause starvation and an economic crisis, but might indicate that the Emperor, whose rule was mandated by Heaven, had fallen out of favour with Heaven, and had therefore lost his legitimacy to rule.

This is the 500 yuan, 1 oz gold coin of the series issued in 2010.  It is a brilliant uncirculated (BU) coin of 99.9% purity and has a mintage of 300,000.  The reverse of the coin shows an image of two pandas.  The pandas sit back to back, one reclining against the other.  They are pictured in the foreground in front of a dense bamboo forest.  Above and below the image are two bands of bamboo leaves.  The denomination is inscribed above the image.  The bottom edge bears an inscription pertaining to the specifications of the coin.  It reads: “1 oz Au .999”.

These coins were originally issued by the mint in sheets of ten in a five-by-two arrangement.  The sheets were then split into ten single coins to facilitate further distribution and sale, and consequently these original undivided sheets can be extremely hard to come by.

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