The Issuance Ceremony of Chinese Grotto Art---Maijishan Grottoes Commemorative Gold and Silver Coins
July 28 (chinagoldcoin.net) --- In order to publicize the PBC’s monetary issuance policy, carry forward

Chinese abundant and splendid numismatic culture, showcase the excellent techniques of the design and

production of precious metal commemorative coins, represent Chinese rich grotto art, advocate the protection

of historical relic, meet the social demand for the collection and investment in gold and silver commemorative

coins, the People’s Bank of China issued a set of Chinese Grotto Art (The Maijishan Grottoes) gold and silver

commemorative coins in July 28th, 2004, the intraday issuance ceremony was held in Tianshui, Gansu Province.

At the ceremony, the reporter was informed that this set of Chinese Grotto Art (The Maijishan Grottoes) gold

and silver commemorative coins comprises 3 coins, a 1/2oz. gold coin, a 5oz. gold coin, a 2oz. silver coin.

The common obverse design of this set of commemorative coins features the panoramic scene of the Majinshan, as

well as the title of the PRC., year of issuance, and Chinese characters --- "中国石窟艺术·麦积山". The reverse

of the 5oz. gold coin features the sitting Buddha statue (partial) of the Maijishan grottoes and the pattern

of Apsaras, and the face value. The reverse of the 1/2oz. gold coin features the sitting Buddha statue of the

Maijishan grottoes (partial) and the face value. The reverse of the 2oz. silver coin features the standing

statues of Biqiuni Bodhisattva of the Maijishan grottoes, and the face value.

The specifications and mintage of this set of commemorative coins are: The 1/2oz gold coin is proof in

quality, round in shape, 27mm in diameter, 200 Yuan in face value, 99.9% in purity, and contains of 1/2 oz of

pure gold. The mintage is 8,800 pieces; the 5oz gold coin is proof in quality, round in shape, 60mm in

diameter, 2000 Yuan in face value, 99.9% in purity, and contains of 5 oz of pure gold. The mintage is 288

pieces; the 2oz silver coin is proof in quality, round in shape, 40mm in diameter, 20 Yuan in face value,

99.9% in purity, and contains of 2 oz of pure silver. The mintage is 20,000 pieces.

This set of commemorative gold and silver coins are minted by Shenyang Mint, and exclusively distributed by

China Gold Coin Incorporation. The domestic prices announced by CGCI are: ¥2,810 for one piece of the 1/2oz.

gold coin; ¥430 for one piece of the 2oz. silver coin; ¥27,860 for one piece of the 5oz. gold coin.
 
Mr. Ye Ying Nan, the Director General of the Currency and Bullion Bureau of the
People's Bank of China presents at the issuance ceremony and delivers a speech
Mr. Zhang Jin Liang, the Party Secretary of the municipal government of
Tianshui delivers a speech at the issuance ceremony
 
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