20 Patacas Year of the Tiger

Macau's lunar series coins are issued by the Monetary Authority of Macao and have been produced in close coordination with the Casa da Moeda de Portugal — a relationship that persisted well past the 1999 handover to China, reflecting the administrative peculiarities of the transition agreement. The 2010 Tiger issue falls within the second full lunar cycle the MSAR completed as a Chinese SAR, a distinction that has no bearing on value but situates the piece squarely in post-handover numismatic output rather than the colonial issues that preceded it.