1978 Macau Grande Prix Gold Coin 500 Patacas (RED) Box/Coa (Logo’s)
The 1978 Grand Prix Silver and Gold coins were minted to commemorate the 25th Anniversary of the Macau Grand Prix. The 100 Patacas are struck in Sterling Silver, 39mm, with a face value of 100 Patacas (Over 12Usd). Additional, a rare 100 Patacas Copper-nickel was also struck as a trail pattern. These are highly sought after and can sell in the thousands. The 500 Patacas 22 gm Gold Grande Prix or Premio has a mintage of 5,500 and like their silver counterpart they are the first coins in the history of Macau to be struck in Proof!
Many of the 500 coins minted have been melted,handled and mistreated.
More information on Macau Grand Prix coins:
Macau Coins have been steadily rising even during a drop in precious metals prices. Macau Grand Prix coins and medals recently made headlines with one once silvers and golds selling in the thousands. These Silver and Gold Macau Grand Prix coins are the first issued for highly popular yearly Macau Grand Prix and are highly sought after by collectors and investors alike. The famous Macau Grand Prix is said to be a stepping stone to the world of Formula 1 Grand Prix racing. Past winners include, Ayrton Senna, Michael Schumacher, David Coulthard and a host of other top F1 drivers.
The popularity of the Macau Grande Premio series is ever growing as it continues to provide interesting turn-ups. For instance, the 1978 issue comes with a surprise Copper-nickle pattern coin. Est mintage is under 100. Still it is a rare coin that commands high prices at auctions.
As noted earlier, 1988 issue produced up to 10 Platinum 100 Patacas pieces. Also, minted in 1988 was a 5oz silver 10,000 Patacas which looks to be a trail strike of the 5 oz gold. To date there has only been two pieces sighted. A 1988 5oz Silver Pattern sold for a commanding price at Heritage Auction House in New York in 2012.
The final issue in the Macau Grand Prix series came in 2014. Again adding another twist to this interesting series, a Macau Grande Prix medal was issued in celebration of the first Macau International coin show. 1000 pieces were minted each displaying it’s unique number on the medal. Combining Macau to the Motherland China it was only right that on the obverse of this medal would display two Pandas along side Macau famous Ruins of St. Paul’s World Heritage Site. With the reverse side keeping with the Grand Prix racing cars.
Notably, another sales record was set when coins numbered 001 in both silver and gold were auctioned off at the Macau Coin Show. The silver sold for Usd $24,500 and the Gold issue selling for $34,500