1000 Patacas Year of the Rabbit

Macau's rabbit-year gold issues from this period were produced under the Sociedade de Turismo e Diversões de Macao (STDM), Stanley Ho's gaming monopoly, which effectively controlled the territory's commemorative coin program through the 1980s. The arrangement was unusual — a private conglomerate rather than a government treasury driving bullion coin production. Mintages were kept deliberately tight to sustain collector premiums in the Hong Kong and Southeast Asian markets, where Lunar New Year gold carried strong gift-giving demand.

KM#37 is the higher-denomination of the two rabbit issues that year, the companion 500 Patacas struck in the same alloy at roughly half the weight.