1952, Macau (Portuguese). Silver 5 Patacas Coin. NGC MS-64!
Mint Year: 1952 Reference: KM-5. Denomination: 5 Patacas Condition: Certified and graded by NGC as MS-64! Material: Silver (.720) Diameter: 31mm Weight: 15gm
Macau was under Portuguese rule from the establishment of the first official Portuguese settlement in 1557 until its handover to China in 1999. It comprised the Municipality of Macau and the Municipality of Ilhas. Macau was both the first and last European holding in China.
The Macanese pataca or Macau pataca (Chinese: 澳門元; Cantonese Yale: Oumún yùhn; Portuguese: Pataca de Macau; sign: MOP$; ISO code: MOP) is the currency of Macau. It is subdivided into 100 avos (仙; sin), with 10 avos called ho (毫) in Cantonese.
Macau has a currency board system under which the pataca is 100 per cent backed by foreign exchange reserves, in this case currently the Hong Kong dollar (itself backed by the United States dollar). Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP 1.03, and without limit.[