China 1987-S 50 yuan KM-162

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Heritage sale 3076, part of lot 33660
China H3076-33660r.jpg

This specimen was lot 33660 in Heritage sale 3076 (Long Beach, CA, September 2019), where it sold for $780. The catalog description[1] noted, "China: People's Republic gold Panda 50 Yuan (1/2 oz) 1987-(s) MS69 NGC, Shanghai mint. From the Cargill-Atwood Collection." Both Shanghai and Shanyang produced this date; this is a Shanghai product. The Chinese government has, since the mid 1980's, produced a mind boggling array of bullion related collectibles. A complete set is thousands of types yet buyers clamor for more. The first gold panda was issued in 1983 and quickly became an annual release. The 1987 issue was the first that weighed a full troy ounce. Mintmarks were not used every year.

Recorded mintage: 97,076 (s + y) plus 10,000 proofs.

Specification: 15.55 g, .999 fine gold, .4995 ounce AGW.

Catalog reference: KM 162 (formerly KM Y127).

Source:

  • Anthony, Peter, Gold & Silver Panda Coin Buyers Guide, 3rd Ed., Los Angeles, 2017.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • [1]Bierrenbach, Cristiano and Warren Tucker, Heritage World and Ancient Coins Auction 3076, featuring the Allen Moretti Swiss Collection and the James Mossman Collection of Canadian Coinage, Dallas, TX: Heritage Auction Galleries, 2019.

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