1000 Patacas Year of the Dragon

Issued by the Macao Monetary Authority in the first year following the handover of Macao from Portugal to the People's Republic of China — December 1999 — this piece occupies an unusual institutional moment. The authority itself was transitioning under the new Basic Law framework, and gold issues from this specific transitional window carry a provenance that collectors of Sino-Portuguese numismatic history find difficult to ignore.

KM#101 is a low-mintage bullion-adjacent piece rather than a pure investment strike, produced in modest quantities for the collector market rather than broad distribution.