China 1986 1000 yuan KM-136

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from the Stack's Bowers 2024 ANA sale, lot 42069
SB824-42069r.jpg

This specimen was lot 42069 in Stack's Bowers ANA sale (Chicago, August 2024), where it sold for $28,800. The catalog description[1] noted, "Impressive and Nearly-Flawless Gold Panda Issue of 12 Ounces, CHINA. Gold 1000 Yuan (12 Ounces), 1986. Panda Series. NGC PROOF-68 Ultra Cameo. Possessing richly mirrored fields and highly frosted devices, this RARE and enchanting specimen dazzles with a tremendous cameo nature and yields a charming olive-yellow hue throughout." The SCWC states that there are two varieties (KM 136.1 and 136.2) without explaining how they are different. The current bullion value (August 2024) is about $30,000. This denomination was struck in this format 1984-95. It was accompanied by a five ounce gold panda (KM 164) as well as the usual smaller sizes, down to 1/20 ounce.

Recorded mintage: 2,550.

Specification: 373.23 g, 0.999 fine gold, 70 mm diameter, 12 troy oz AGW.

Catalog reference: Fr-B2; KM-136; PAN-35A.

Source:

  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • Anthony, Peter, Gold & Silver Panda Coin Buyers Guide, 3rd Ed., Los Angeles, 2017.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, August 2024 Global Showcase Auction, World & Ancient Coins, featuring The Emilio M. Ortiz Collection, The Richard Margolis Collection and The Rutherford Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2024.

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