1989 1 oz Platinum Panda
100 Yuan Proof Coin
About the 1989 1 oz Platinum Panda 100 Yuan Proof Coin
The proof coin shown above is the 1989 1 oz platinum Panda coin. Of 99.95% purity and measuring 32mm in diameter, this piece was struck at the Shanghai Mint and has a mintage of 3,000. Its face value is 100 yuan. This is the only platinum coin of the 16 coin designs that was produced in 1989 as part of the famous and popular Panda series. Despite its relatively high mintage figures, the 1989 1oz platinum Panda is rare. This is because many were melted down for their bullion value due to a sudden rise in platinum prices towards the end of the 1980's and the beginning of the 1990's. It is the second key date coin of the four 1oz platinum Panda coin-types, the 1990 1oz platinum Panda being the rarest and most expensive.
The Hall of Prayer for Good Harvests - the centre of the Temple of Heaven in Beijing - is featured on the coin's obverse face. The three-gabled wooden building built in 1420 AD during the Ming Dynasty (1368-1644) sits on top of a striking three-tier marble base. Ming and Qing Dynasty (1644-1912) emperors made offerings up to Heaven during the first lunar month to ensure a good harvest for the coming year. A good harvest would secure the political stability of the empire as the people would be less likely to rebel. Above the rendering is the inscription in Chinese characters: “The People's Republic of China”. Below it is the year of issue, 1989.
The iconic panda is featured on the reverse face. An image of this highly endangered and protected animal is shown lying back feeding on a bamboo plant. The image appears against a background of gridlines. Below the panda image appears an inscription detailing the specifications of the coin: “Contains 1oz Platinum Purity .9995 100 yuan 1oz Pt”.