250 Patacas Year of the Goat

Macau's lunar gold series was produced under Portuguese administration in the final years before the 1999 handover to China, a period during which the territory's mint program leaned heavily into Chinese cultural themes as a commercial strategy aimed squarely at the collector market. The 1991 Goat issue is part of that run, struck in small quantities for proof sets rather than any form of circulation.

KM#49 corresponds to the 1991 lunar emission; cross-reference carefully with the 1979 Year of the Goat issue to avoid catalog confusion, as both appear in Krause under the Macau section with similar denominations.