This year’s Stack’s Bowers Hong Kong August auction was blessed with the appearance of a 1992 5 oz gold 500 yuan Panda coin. This coin of phenomenal numismatic value attracted a final bid of $41,825 USD (not including a hefty buyer’s premium!).
Graded by the PCGS as PF68 deep cameo, and unsurprisingly accompanied by its certificate of authenticity and original box and case, the auction of this lot is sure to have excited the numismatic community due to its incredible rarity and unique characteristics. While a mintage of 99 was officially planned, the 1992 5 oz gold Panda is one of those coins where the actual mintage is believed to be significantly lower than this figure. In reality it may well be as little as half of this. Interestingly, in a similar fashion to other 5 oz gold Pandas, the design on the reverse face is also unique within the Panda series.
1992 saw the reappearance of the 5 oz gold Panda coin in the Panda series after a break of a few years; 1988 previously being the last year in which the 5 oz gold Panda was issued. The official mintage was massively reduced in 1992. As a comparison, the 1988 5 oz gold Panda had an official mintage of 3,000, while the official mintage in 1992 was just 99. 5 oz gold Pandas dating from 1992 – 1996 are all very hard to come by, and fetch very high prices when they do rarely make an appearance. The 1992 coin is considered to be a key date coin for collectors. Another such coin, graded by the NGC as PF69 ultra cameo, is available in the coin store. If you missed out at the Hong Kong auction, then this opportunity is not to be missed!