1987-Y 5¥ Yuan China 1/20oz Gold Panda. 999 Fine Gold (Sealed) OMP SCARCE
1987-Y 5 Yuan China Gold Panda. The 1987 "Y" 5 Yuan 1/20 oz. Gold Panda was released during the height of the first wave of popularity for the coin series.
Compared to earlier years like 1982 and 1983 the quantity minted for this year was a prodigious 133,000 (both mints). The elegant design of the coins is the handiwork of Mr. Chen Jian of the Shanghai Mint who also created the art for the 1982 Pandas. There is a wrinkle to the 1987 gold Pandas; they have mintmarks on them. Several of the official Panda distributors, notably Martin Weiss of Panda America, had strongly urged the China Mint to add mintmarks. So in 1987 the China Mint placed an "S" on coins struck in Shanghai and a "Y" on coins from Shenyang. The "S" coins from Shanghai were released months sooner than their "Y" counterparts. Shenyang's coins did not hit the market until October of 1987. As a result the Shanghai versions achieved wider sales and distribution.While these coins are not scarce they are not as common as the mintage suggests. That is because so many were used by the jewelry trade. 1987 Pandas were well made and 69 is the most common grade. The bugaboo of 1987 Pandas is the forehead of the Panda.
This is the highest point of the coin's relief and often picks up some rub. If present this rub will easily cost one grading point and possibly more. This item is in the category "Coins & Paper Money\Bullion\Gold\Coins". The seller is "bodhi_2020" and is located in this country: US.This item can be shipped to United States.
- Coin: Chinese Panda
- Composition: Gold
- Year: 1987
- Strike Type: Business
- Fineness: 0.999
- Grade: Ungraded
- Precious Metal Content per Unit: 1/20 oz
- Country/Region of Manufacture: China
- Brand/Mint: Chinese Mint
- Certification: Uncertified