1989 1 oz Palladium Panda
50 Yuan Proof Coin
About the 1989 1 oz Palladium Panda 50 Yuan Proof Coin
1989 saw the production of 16 Panda coins: 10 gold, four silver, one platinum, and one palladium. The coin pictured above is the palladium coin of the series. It is unique in that it is the only 1oz palladium Panda coin issued by the People's Bank of China. Aside from the 1989 Panda series, the 1989 1oz palladium Panda coin is also part of a collectible set of three palladium Panda coins, one issued in each of 1989, 2004, and 2005.
The 1989 1oz palladium Panda coin is a proof coin of 99.9% purity and a denomination of 50 yuan. It measures 34mm across and was produced at the Shanghai Mint with a mintage of 3,000.
Shown on the reverse face is the internationally recognized panda bear, which has now become as synonymous with China as the Great Wall. A panda is shown reclining back on its left paw, holding a bamboo shoot in its right. This design is shown laid over a grid design which forms the background of the coin face. Below the image are the denomination, 50 yuan, and an inscription which reads: “Contains 1oz Palladium Fineness .999 1oz Pd”.
The obverse face shows the inscription: “The People's Republic of China”, in Chinese characters across the top of the face; the year of issue, 1989, at the bottom; and a picture of Beijing's Temple of Heaven. Depicted is the Hall of Prayer for Good Harvests which sits at the centre of the Ming Dynasty (1368-1644) temple complex. Interestingly, the triple-gabled structure, which sits on a three-tiered marble base and stands 32m high, is entirely wooden. That is, no nails were used in its construction, which was completed in 1420.