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250 Patacas Year of the Rabbit

Issuer Monetary Authority of Macao
Year 2011
Type Non-circulating coin
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Obverse description Central device features a stylized white rabbit in profile facing left, set against a colorized red and pink decorative background of flowering plum blossoms rendered in a traditional Chinese artistic style. The denomination '250' and the Chinese character '圓' appear to the lower left of the rabbit, with 'PATACAS' inscribed below. The cyclical year inscription '辛卯年' appears beneath the denomination, with the Gregorian year '2011' below. The legend 'MACAU CHINA' runs along the lower rim, while the Chinese characters '中國澳門' are inscribed along the upper rim. The overall design celebrates the Chinese Lunar New Year of the Rabbit.
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Obverse lettering 澳門 MACAU 中國 CHINA 250 PATACAS 2011
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Additional information

Macau's lunar gold issues occupy an odd corner of the market — produced by a jurisdiction whose currency has been pegged to the Hong Kong dollar since 1977, with monetary policy effectively delegated to Lisbon and then Beijing in succession. The 2011 rabbit issue was struck for the Chinese diaspora collector market rather than any domestic monetary function, a pattern Macau has followed consistently since the 1980s to generate seigniorage revenue from numismatic sales.

The rabbit holds particular resonance in Cantonese-speaking communities, associated with the Mid-Autumn Festival and the lunar deity Chang'e.

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