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500 Patacas Year of the Goat
| Issuer | Macau |
|---|---|
| Year | 2003 |
| Type | Non-circulating coin |
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|---|---|
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| Reverse description | A standing goat in full profile faces left at center, finely detailed in high relief against a polished proof field, representing the Chinese zodiac Year of the Goat. To the left of the goat, the Chinese characters '伍佰' (five hundred) are inscribed vertically, while '澳門' (Macau) appears vertically to the right. Below the goat, the denomination '500 PATACAS' is inscribed in bold Latin lettering along the lower periphery, with a beaded inner border encircling the entire design. |
| Reverse script | Chinese, Latin |
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| Additional information |
Macau's lunar gold issues were produced under the auspices of the Monetary and Foreign Exchange Authority (AMCM) during the final years before full currency integration pressures mounted following the 1999 handover to China. The 2003 goat issue appeared just four years into that post-handover period, when Macau was still asserting a distinct numismatic identity separate from the People's Republic.
The .917 fineness places this squarely in the 22-karat standard historically favored for British-influenced sovereign coinage — a specification choice that reflects Macau's Portuguese colonial minting traditions adapting to international bullion coin conventions.