534)
Laughing Buddha: Two Commemorative Coins Gold (One Dollar) and Silver (10
Dollars) issued by the Republic of Palau in coordination with Coin Investment
Trust (CIT), minted by B.H.Mayer’s Kunstprageanstalt, Munich in 2017:
The Republic of Palau has
issued two commemorative coins which are available in two editions – one
Gold (1 Dollar) and another 2 ounce fine Silver (10 dollars) – the two coins
feature the ever cheerful “Laughing Buddha” or “Budai”.
The Reverse of the Silver edition 10 Dollars coins take the form
of a seated laughing Buddha.
The Obverse of the Silver edition 10 Dollars coins depicts the
official Coat of Arms and name of the “Republic of Palau” below an outrigger
canoe with the canoeist on board. This face also shows the denomination of the
coin “10 Dollars”.
The specifications of the 10 dollar Silver coin are:
Issuing
country: Republic of Palau; Year of Issue: 2017; Denomination
of coin: 10 Dollars; Metal Composition:
.999 Silver; Weight: 2
Ounces; Diameter/Size: 38.61
mm; Coin Quality: Proof; Mintage:
888. Custom Box: The silver
coins come with a Custom Box.
Remarks: The
Silver edition coins have been brought out by Coin Invest Trust in high relief
with their Smartminting technology
and have gilded sections on
the Black Proof Finish coin field. The Minting has been carried out b
B.H.Mayer’s Kunstprageanstalt, Munich.
The silver
coins come with the above Custom Box
The Silver Coins come in a attractive transparent covered glass case
The Reverse of the shaped Gold edition coins take to form of a
seated laughing Buddha. The charming Laughing Buddha coin has been struck in a
stylised relief.
The Obverse
of the shaped Gold edition coins depicts the official Coat of Arms and
name of the “Republic of Palau” below an outrigger canoe with the canoeist on
board. This face also shows the denomination of the coin “1 $”.
The specifications of the 1 dollar Gold coin are:
Issuing
country: Republic of Palau; Year is Issue: 2017; Denomination
of coin: 1 Dollar; Metal Composition:
.9999 Gold; Weight: 0.5
grams; Diameter/Size: 13.92
mm; Coin Quality: Brilliant
Uncirculated; Mintage: 15,000.
Remarks:
The Gold edition coins have been minted by Coin Invest Trust with their Big Gold Minting technology. The
Minting has been carried out by B.H.Mayer’s Kunstprageanstalt, Munich.
The Silver & gold coins placed side by side
The
Laughing Buddha (or Mendicant):
The story of the symbolism
of the Laughing Buddha is popular around the World. It originates from the
time of a mendicant named Wang Zhen, who lived during the 10th Century AD. He
is believed to have been a good man and of affable disposition, though he
was an eccentric Chan monk who lived in China during the Later Liang
(907-923 AD). He was a resident of Zhejiang and his Buddhist name was
Qieci.
Wang Zhen Budai depicted sitting under a pine tree
Wang Zhen Budai depicted sitting under a pine tree
He was of frugal
character and always wearing a cheerful smile on his lips. The name
“Buddha” or “Budai” or “Putai” or “Hotei” is derived from a term meaning “Cloth
Sack”, a bag in which he collected handouts (gifts) for children and for
the poor.
He is usually identified
with or seen as an incarnation of Maitreya, the future Buddha, so
much so, that the Budai image is one of the main forms in which Maitreya is
depicted in China. His statues can also be seen in Yiguandao temples
where he is referred to by the Sanskrit name Maitreya.
He is generally shown as
smiling or laughing, hence he has been given the nickname – the “Laughing
Buddha”, but he is not to be mistaken
for Gautam Buddha.
Budai is an admired figure
for his happiness, plenitude (abundance) and wisdom of contentment.
One popular belief is that
rubbing his belly brings wealth, good luck and prosperity. He represents
many teachings, including contentment, generosity, wisdom and open kind
heartedness of the Buddha.
An image of Hotei, one of the seven gods of good fortune
As Hotei, the originally
Chinese Laughing Buddha or Budai became one of the Seven Lucky Gods in
Japanese Zen Buddhism. Although the
“Laughing Buddha” is not seen in Zen temples, he is a popular figure
seen in restaurants, entrances to homes, hospitality establishments et al.
His
appearance:
Budai is traditionally
depicted as a fat, bald man wearing a robe and carrying prayer beads. He
carries his few possessions in a cloth sack, being poor, and symbolises both
contentment and abundance. He is often entertaining or being followed by
children.
Links to Posts on Australia, New Zealand and countries and Overseas Territories of the South Pacific on this blog:
1) Bank of Papua New Guinea: 36th Anniversary Celebrations (1973-2008): A Commemorative Uncirulated Coin Set consisting of a 2 Kina Banknote & a 2 Kina Coin
2) Papua New Guinea: An uncirculated coin set brought out in 1995 commemorating the 20th Anniversary of Independence
3) Currency & Coinage of the Soloman Islands: Dollars and Cents
4) New Zealand: New Banknote "Seventh Series" issued under Project "Brighter Money" from 2015 onwards
5) Coinage of the French Polynesian Island of Caledonia (or Nouvelle Caledonie) the CFP Franc
6) French Institution for issuing uniform currency/coinage for French Overseas Territories in the Pacific and the French Southern Territories of Antarctica: The Institut d'emmission d'outre Mer (IEOM)
7) Currency & Coinage of Samoa: Tala and Sene
8) Currency of the South Pacific Island Country of Fiji
9) Coinage of New Zealand: A commemorative coin set issued in 1979
10) Currency and Coinage of Australia: Dollars and Cents
11) The Australian Emblem or the Coat of Arms
12) The story of the Australian Penny
13) The Legend of the Mutiny on the Bounty: A Commemorative Coin Set from the Pitcairn Islands depicting relics from the Bounty issued in 2009
14) An Australian $5 coin issued in 1996, commemorating Australia's greatest cricketing legend - Sir Donald Bradman
15) New Series/Generation of Australian Banknotes being introduced from 01.09.2016 onwards starting from $5 issues
16) Southern Lights: A $1 Silver holographic coin issued by the Reserve Bank of New Zealand in January 2017
Other interesting links to posts from Cook Islands & Republic of Palau minted by Coin Invest Trust:
1) Brexit : Britain's exit from the EEC : Coins issued by the Cook islands in the denomination of $1, $5 and $ 20 in 2016
2) 150th Anniversary of "The Great Tea Race - 1866": Commemorative Coins in the denomination of 10 and 2 Dollars issued by Cook Islands in 2016
3) The Mystical Ancient Egyptian Labyrinth depicted on $10 Silver coins issued by Cook islands in 2016, under its "Milestones of Mankind Series".
4) King Arthur: The first coin in the six coin "Camelot Series".
5) Queen Guinevere: The second coin in the six coin "Camelot Series".
6) Republic of Palau issues "Sand Dollars": Silver & Gold 1$ coins
7) Laughing Buddha: Two Commemorative coins - Gold (One Dollar) & Silver (10 Dollars) issued by Republic of Palau in 2017
Links to Posts on Australia, New Zealand and countries and Overseas Territories of the South Pacific on this blog:
1) Bank of Papua New Guinea: 36th Anniversary Celebrations (1973-2008): A Commemorative Uncirulated Coin Set consisting of a 2 Kina Banknote & a 2 Kina Coin
2) Papua New Guinea: An uncirculated coin set brought out in 1995 commemorating the 20th Anniversary of Independence
3) Currency & Coinage of the Soloman Islands: Dollars and Cents
4) New Zealand: New Banknote "Seventh Series" issued under Project "Brighter Money" from 2015 onwards
5) Coinage of the French Polynesian Island of Caledonia (or Nouvelle Caledonie) the CFP Franc
6) French Institution for issuing uniform currency/coinage for French Overseas Territories in the Pacific and the French Southern Territories of Antarctica: The Institut d'emmission d'outre Mer (IEOM)
7) Currency & Coinage of Samoa: Tala and Sene
8) Currency of the South Pacific Island Country of Fiji
9) Coinage of New Zealand: A commemorative coin set issued in 1979
10) Currency and Coinage of Australia: Dollars and Cents
11) The Australian Emblem or the Coat of Arms
12) The story of the Australian Penny
13) The Legend of the Mutiny on the Bounty: A Commemorative Coin Set from the Pitcairn Islands depicting relics from the Bounty issued in 2009
14) An Australian $5 coin issued in 1996, commemorating Australia's greatest cricketing legend - Sir Donald Bradman
15) New Series/Generation of Australian Banknotes being introduced from 01.09.2016 onwards starting from $5 issues
16) Southern Lights: A $1 Silver holographic coin issued by the Reserve Bank of New Zealand in January 2017
Other interesting links to posts from Cook Islands & Republic of Palau minted by Coin Invest Trust:
1) Brexit : Britain's exit from the EEC : Coins issued by the Cook islands in the denomination of $1, $5 and $ 20 in 2016
2) 150th Anniversary of "The Great Tea Race - 1866": Commemorative Coins in the denomination of 10 and 2 Dollars issued by Cook Islands in 2016
3) The Mystical Ancient Egyptian Labyrinth depicted on $10 Silver coins issued by Cook islands in 2016, under its "Milestones of Mankind Series".
4) King Arthur: The first coin in the six coin "Camelot Series".
5) Queen Guinevere: The second coin in the six coin "Camelot Series".
6) Republic of Palau issues "Sand Dollars": Silver & Gold 1$ coins
7) Laughing Buddha: Two Commemorative coins - Gold (One Dollar) & Silver (10 Dollars) issued by Republic of Palau in 2017
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