China 1987-Y 50 yuan KM-162

Goldberg sale 112, lot 1708

This specimen was lot 1708 in Goldberg sale 112 (Los Angeles, September 2019), where it sold for $780. The catalog description^[1] noted, "China. 50 Yuan, 1987 (Y). Panda drinking water. NGC graded MS-67." Both Shanghai and Shanyang produced this date; this is a Shanyang 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.

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

Specification: 15.55 g, 0.999 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.
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.
^[1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 112: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2019.

Link to:

China 1987-Y 50 yuan KM-162

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