^Lot 523 China (People's Republic), silver proof 10 yuan (1 oz) Panda, 1987, NGC PF 69 Ultra Cameo.

China (People's Republic), silver proof 10 yuan (1 oz) Panda, 1987, NGC PF 69 Ultra Cameo. KM-167; PAN-58A. Whereas previous silver Pandas were in 0.900 silver, this year marks the first made in 0.999 fineness (hence exactly 1 troy ounce of silver). This issue also shows "excellent contrast between deep mirror fields and frosted devices" (Anthony). Currently only two are finer (at MS 69*) in the NGC census. Mintage: 31,000 (planned; actual and surviving unknown, but "much scarcer than that number [mintage] implies," according to Anthony). Pedigreed to the Gansu Collection of Chinese Panda Coinage.
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