Macau was the first European colony in the Far East. Pursuant to an agreement signed by the People's Republic of China and Portugal on the 13th April 1987, Macau became the Macau Special Administrative Region (SAR) of China on the 20th December 1999. China has promised that, under its "one country, two systems" formula, China's one-party communist system will not be practiced in Macau, and that Macau will enjoy a high degree of autonomy in all matters except foreign and defence affairs for the next 50 years.
The earliest coin issues of Macau for which we can find any reference were in 1952 under the Portuguese. The unit of currency is the Pataca (MOP), and the first gold coins were issued in 1982. 100 avos = 1 pataca.
Although an administrative district of China since 1999, there has been no change to its coinage.
According to the certificate which accompanies these coins:
"Chinese mythology tells of a day when Buddah summoned all animals to a meeting and promised that any of them whom paid him homage would be honoured by having a year named after them. Only 12 animals arrived at the meeting place and so each year of the twelve year cycle of the Chinese calender was named after an animal in the order they arrived at the meeting with Buddha. The rat, ox, tiger, rabbit, dragon, snake, horse, sheep, monkey, cockerel, dog and pig."
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes, therefore some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
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We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows
If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.
For international delivery, please check with your local customs office for more information on custom duty and taxes.
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We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products.
If you require any assistance please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.