The local government and entrepreneurs provided loans to help Yin start a business. He set up greenhouses to plant mushrooms and established a biotechnology company.
But due to several natural disasters, Yin said he has lost around 2 million yuan ($321,200) since 2009.
In order to make a living, Yin came to Beijing on Nov 18 to sell his medal, the Beijing Times reported.
He expects to sell it for 10 million yuan, the report said.
Yin believes the medal will be sold because it has great significance.
It will appear at auction on Dec 22, the report said.
Challenges remain for smoking ban