The Qilin is a mythical creature said to appear at the birth or death of an illustrious ruler or sage. The creature is sometimes called the "Chinese Unicorn" (qilin being translated as "unicorn"), however, the Qilin has been depicted with two horns, as well as a single horn, and there are several types on unicorn in Chinese mythology.
You can view many depictions of the qilin here.
This coin was minted in 1997 only, and commemorates Hong Kong's retrocession to China. I believe this coin circulated, or at least was in a position to circulate (at the time, dollar coins were in regular circulation in Hong Kong).
All coin images in Daniel's Coin Zoo are from my personal collection. I collect, research, and personally photograph every coin displayed on this site. PLEASE do not take my images without permission. If you would like to use any coin image you see, just ask me. Thank you.