Numismatic

1998 China 1/20 oz Gold Panda Small Date MS-69 NGC

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The 1998 release of the Chinese Gold Panda series represents a fascinating moment in modern numismatic history. Struck from 1/20 of an ounce of 0.999 pure gold, this small-denomination five Yuan coin carries a story far larger than its physical size. While its official mintage was limited to 27,483 pieces, the actual number surviving today is believed to be much smaller. In the wake of the late 1990s Asian financial crisis, interest in these gold bullion pieces waned, prompting the melting of a significant portion of the original mintage and elevating this year to a coveted key-date status within the series. On the obverse, the coin displays the Hall of Prayer for Abundant Harvests, a landmark located within Beijing's historic Temple of Heaven complex. This architectural marvel is framed by Chinese characters translating to "People's Republic of China," with the year 1998 anchoring the bottom of the design. The reverse features the beloved symbol of Chinese wildlife, depicting a solitary giant panda resting on the ground while contentedly munching on bamboo leaves. This side also notes the weight, purity, and face value, reading "0.999 Au 1/20 oz" alongside the number 5. Backed by the official guarantee of the People's Bank of China, this specific coin has been certified in a near-perfect Mint State 69 condition. It stands as a remarkable survivor of a turbulent economic era, blending detailed artistry with a compelling historical narrative that continues to captivate those who study the Panda series.