Author Topic: Rare Chinese Coins/Medals VS Rare US Coins/Medals  (Read 2545 times)

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Offline pandamonium

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Rare Chinese Coins/Medals VS Rare US Coins/Medals
« on: October 19, 2014, 05:44:41 PM »
I get asked this question from new collectors and even a forum member.   Decided to post to get others opinions.   That way i can forward this topic instead of explaining my view point on email after email......

The general opinions are  1)  Rare Chinese Coins will have limited value due to numerous fakes.
2)  The US Rare Coin market will hold value or climb in value as they have in the past.   

My vote:   No Brainer......Rare Chinese Coins.   Why?

When the Yuan had low value so did the Rare Chinese Coins.   The Yuan will someday be backed by gold and will become a powerful currency.   The Rare Chinese Coin market is immature and has potential for huge growth.  Also, China owns the US manufacturing, gold supply, and they are buying the oil producers, food supplies and banks.  About 4 yrs ago when i started buying MCC about 1/5th of China or about 300 million people could afford bullion/MCC.   Today a article states that about 2/5th of China or 600 million people can afford to buy bullion/MCC.   The rare Coin/MCC mania can take off again w/ Chinese citizens and demand there can mop up the early year MCC supply.   One example is the newer issue 2009 Colored Lunar Ox 1 oz silver w/ 100,000 mintage.   Prices today are $1,500 ea.  Now add the rest of the World demand for Rare Chinese Coins...... 
 
The US has unsustainable debt/derivatives so at some point the USD will go down in value.   That will cause rare US coins to drop in value too.    The US Rare Coin market is mature and has a history of charging very high prices for average or below average coins.......

Fakes are common w/ Chinese coins and we could see another flood of them when prices move up. 
Fake US Rare Coins are common too as the crooks in China have been making US fakes for years....
Any rare coin market w/ value will have to deal w/ fakes.....

He who has the gold will make the rules.   Many reports say the US sold their gold, we will soon find out.  China's yearly gold demand today is basically equal to the entire World's production of gold and demand keeps increasing.

Again, Rare Chinese Coins are best and today many US citizens are buying MCC.   New collectors w/ any amount of intelligence are buying them and i get emails and phone calls about MCC where i did not in the past.   The herd is begining to understand that Chinese money is real money today.  Of course the Chinese are paying big bucks for rare art, trophy real estate,  businesses, etc.....What will the Chinese not own?.....

Rare coins Worldwide are starting to see demand as stated in the Pricepedia too....Bullion will become real money and rare coins are the best of bullion......

The mania for Rare Chinese will probably take some time, maybe a year or two....who knows?....Look at it as a long term investment or future potential...

Feel free to post your two cents if you agree or do not agree.....




Offline trozau

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #1 on: October 19, 2014, 11:44:35 PM »
Main driver will always be supply and demand. It behooves the collector to school himself in what he is planning on collecting before sinking in serious money for acquisitions to build his collection. There are collectors with deep pockets but most common collectors are limited in their collections to what they can afford with their budget.
trozau (troy ounce gold)
honi soit qui mal y pense

gold - the barbarous relic!

Offline pandamonium

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #2 on: January 02, 2022, 08:39:02 AM »
Prices of fancy bullion silver.   All articles say high demand, very low supply of bullion...

Fancy bullion is equitable to some Chinese prices...

Offline pandamonium

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #3 on: January 02, 2022, 09:34:01 AM »
Oops, i forgot junk silver dimes....

6 CULL junk dimes for $19.99   That is $3.33 each.    Culls are melt, hard to read dates.   Due to demand, they sell so why melt them?    Ebay has many dimes and some are fakes, flat, worn or culls.    Others are OK.   Prices are not dropping..

UNC dimes are not cheap, add shipping cost.   When the USD goes down and banks start to have problems, the next currency we will use in the US will be junk silver.....

Offline pandamonium

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #4 on: January 11, 2022, 08:53:15 AM »
Fancy bullion is in vogue.   100 mint for this price?.....

Junk silver is the #1 in demand silver....

Articles say Hedge Funds are coming into gold.  Big money on the sidelines....

Offline KeyDate1/2ozPandas

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #5 on: January 13, 2022, 04:06:36 PM »
If you want to get some cheap silver Stacks has bullion auction with no buyer premium, get silver bars for a few percent over melt.
https://auctions.stacksbowers.com/auctions/3-UXR9W/the-january-2022-precious-metals-auction-part-1-lots-60001-60229?page=3&limit=96

If you ever wonder why I don't submit to PCGS, here is perfect lot of MS70 coins graded 10 years ago in PCGS holders, take a look at individual coin pics and decide for yourself if those are MS70 quality coins and if OMP is preferable to PCGS slabs.
https://auctions.stacksbowers.com/lots/view/3-UXSZ3/10-oz-31104-g-asw-china-lot-of-10-2011-1oz-10-yuan-silver-panda-pcgs-ms-70

Offline pandamonium

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #6 on: January 13, 2022, 04:29:08 PM »
Interesting, silver prices are all over the board.   

Oregonian newspaper  "Hemp compound could prevent Covid 19 from infecting cells, Oregon research finds."...   

Offline tater

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #7 on: January 13, 2022, 08:42:07 PM »

If you ever wonder why I don't submit to PCGS, here is perfect lot of MS70 coins graded 10 years ago in PCGS holders, take a look at individual coin pics and decide for yourself if those are MS70 quality coins and if OMP is preferable to PCGS slabs.
https://auctions.stacksbowers.com/lots/view/3-UXSZ3/10-oz-31104-g-asw-china-lot-of-10-2011-1oz-10-yuan-silver-panda-pcgs-ms-70
[/quote]

What's the premium on white spots? 

Offline KeepOnTrying!

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #8 on: January 13, 2022, 11:56:35 PM »
If you ever wonder why I don't submit to PCGS, here is perfect lot of MS70 coins graded 10 years ago in PCGS holders, take a look at individual coin pics and decide for yourself if those are MS70 quality coins and if OMP is preferable to PCGS slabs.
https://auctions.stacksbowers.com/lots/view/3-UXSZ3/10-oz-31104-g-asw-china-lot-of-10-2011-1oz-10-yuan-silver-panda-pcgs-ms-70


What's the premium on white spots? 

-x, where x = spot price.

The question everybody is scared to answer is if numismatic coins should be minted in silver!
KeepOnTrying and Never Give Up!
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Offline KeyDate1/2ozPandas

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #9 on: January 14, 2022, 12:01:17 AM »
Silver coins that have been conserved and slabbed in NGC holder are fine 90-95% of the time many years after being slabbed. 

PCGS coins turn white, green, yellow after a few years in PCGS slabs and are essentially bullion 30-40% of the time.

OMP coins sometimes do develop white spots and tarnish, but at a much lower rate than PCGS slabbed coins.

Offline dynamike51

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Re: Rare Chinese Coins/Medals VS Rare US Coins/Medals
« Reply #10 on: January 14, 2022, 09:28:17 AM »

OMP coins sometimes do develop white spots and tarnish, but at a much lower rate than PCGS slabbed coins.


100% agreed