Author Topic: Auction price for the smallest sample coins hit the record high  (Read 4187 times)

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Offline flora79

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Auction price for the smallest sample coins hit the record high
« on: October 15, 2012, 11:18:24 PM »
If you have enough money, you can invest in sample coins, which are very rare:
http://en.shyzgw.com/New.asp?id=1649

Offline badon

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Re: Auction price for the smallest sample coins hit the record high
« Reply #1 on: October 15, 2012, 11:43:41 PM »
Wow! Those prices might seem cheap in the near future. The Marco Polo pattern sold for $31,875 USD.

Offline flora79

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Re: Auction price for the smallest sample coins hit the record high
« Reply #2 on: October 16, 2012, 01:43:16 AM »
You are right, the Marco Polo bronze sample coin was auctioned at 2860000 Yuan (including commission).

Underbidder

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Re: Auction price for the smallest sample coins hit the record high
« Reply #3 on: October 16, 2012, 01:52:38 AM »
That is just amazing...

low

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Re: Auction price for the smallest sample coins hit the record high
« Reply #4 on: October 16, 2012, 04:15:09 AM »
I like the "样币". While the Marco Polo 样币 is well beyond the reach for many collectors, there are other 样币 that is very cheap at the moment.

Offline pandamonium

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Re: Auction price for the smallest sample coins hit the record high
« Reply #5 on: October 16, 2012, 09:33:33 AM »
Is a sample coin similar to a pattern coin?   Are these the first coins produced?  How many of these were minted for each new coin?  Could someone explain the sample coin and pattern coin........thanks.........

Online fwang2450

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Re: Auction price for the smallest sample coins hit the record high
« Reply #6 on: October 16, 2012, 11:52:26 AM »
I like the "样币". While the Marco Polo 样币 is well beyond the reach for many collectors, there are other 样币 that is very cheap at the moment.
Low, when you talk about cheap 样币, do you mean those for circulated coins or for precious metal coins? I am not aware of any cheap ones for precious metal coins. Those for circulated coins are relatively large in number.

Online fwang2450

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Re: Auction price for the smallest sample coins hit the record high
« Reply #7 on: October 16, 2012, 12:30:06 PM »
Is a sample coin similar to a pattern coin?   Are these the first coins produced?  How many of these were minted for each new coin?  Could someone explain the sample coin and pattern coin........thanks.........
The Chinese word 样币 can refer to design patterns submitted for approval, or sample strikes in production, or samples sent to major distributors before official release, which may be alterned later on. There is no fixed mintage for these patterns/samples. Generally they are very few and are favorites of top collectors. The coin in question is a pattern, the only known speciman, as listed below.

Here is a list of the best known patterns (source http://blog.sina.com.cn/s/blog_a04b1b6601011qw7.html):

1, the United Nations Decade for Women gold coin pattern - one in Guangzhou and another in Shanghai;
2, 1991 Dragon and Horse gold coin gold pattern - in Mr. Huang Fan's collection in the US;
3, 1995, Zhang Qian on a Mission to the Western Territories 100 yuan gold coin gold pattern - was in the collection of King Chan of Hong Kong, but auctioned off last year for 8.03 million Yuan;
6, 1983 10 grams Marco Polo gold coin copper pattern - was in King Chan's collection, just auctioned off;
7. 1984 Terra Cotta Warriors gold coin gold pattern - in King Chan's collection;
8, hoopoe pattern - brought back to China from overseas;
9, Year of Dog piefort platinum coin copper pattern - in Mr. Feng Yi's collection;
10, Year of Rat piefort platinum coin copper pattern - in Mr. Feng Yi's collection;
11. Year of Tiger piefort platinum coin copper pattern - in Mr. Feng Yi's collection;
12, 1979 the 30th anniversary of PRC gold coin copper pattern - in  Mr. Wang Zheng's collection (viewable in the link I provided before);
13, 1984 Panda gold coin copper sample, set of 5, 5 sets in all - used to be in the private collection of PandaAmerica's employees, brought back to China and auctioned off in 2011 by Shanghai Hosane;
14, 1985 Panda copper sample - mintage 50, 13 found so far;
(I am omitting the 1989 Dragon and Phoenix patterns/samples; it is a messy story that Huang Ruiyong and Ge Zukang fought over on their discussion of patterns and samples)

Online fwang2450

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Re: Auction price for the smallest sample coins hit the record high
« Reply #8 on: October 16, 2012, 02:19:02 PM »
Pics of two top patterns for members to enjoy, Decade of Women and Zhang Qian. In the Zhang Qian picture, the one on the left is the pattern. The one on the right is the issued coin.

Offline pandamonium

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Re: Auction price for the smallest sample coins hit the record high
« Reply #9 on: October 16, 2012, 03:22:56 PM »
So a sample or pattern coin is the first one struck before the series is minted?  Is that why they are so expensive?...........

Online fwang2450

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Re: Auction price for the smallest sample coins hit the record high
« Reply #10 on: October 16, 2012, 04:44:49 PM »
So a sample or pattern coin is the first one struck before the series is minted?  Is that why they are so expensive?...........
Patterns and samples are struck before the official release of the coin. They may be different from the released coin for various reasons. That pattern of Zhang Qian above has different denomination from the released coin.

They are expensive because there are so few of them. The Decade of Women gold coin was never released. So the few patterns (altogether 4 of them?) became the coveted target of the top collectors. Ge Zukang should have one.

Online fwang2450

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Re: Auction price for the smallest sample coins hit the record high
« Reply #11 on: October 16, 2012, 04:56:41 PM »
Wang Zheng's PRC 30 year anniversary pattern, mentioned in line 12 above. PF63, but who cares about the condition if it is the only one?
« Last Edit: October 16, 2012, 05:19:04 PM by fwang2450 »

low

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Re: Auction price for the smallest sample coins hit the record high
« Reply #12 on: October 16, 2012, 06:19:19 PM »
Low, when you talk about cheap 样币, do you mean those for circulated coins or for precious metal coins? I am not aware of any cheap ones for precious metal coins. Those for circulated coins are relatively large in number.

I mean the circulated coins.

Something like this - http://www.chinastampshere.com/modem-chinese-coins/1987-china-yuan-mongolian-autonomy-bank-specimen-sp63.html

They maybe relatively large in number compared against the precious metal coins but they are the important coins that many collectors can afford to own.


Offline pandamonium

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Re: Auction price for the smallest sample coins hit the record high
« Reply #13 on: October 16, 2012, 06:50:19 PM »
I know very little about sample or pattern coins.  If they are graded, as in your picture, are they labled bank specimen?  If they are raw, how do we know that they are sample or pattern?  Are they all identified and bought up or are there some still in the marketplace, maybe a collection that will come to market?  Do you have photos of these samples and pattern coins?.............

Online fwang2450

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Re: Auction price for the smallest sample coins hit the record high
« Reply #14 on: October 16, 2012, 07:15:43 PM »
I mean the circulated coins.

Something like this - http://www.chinastampshere.com/modem-chinese-coins/1987-china-yuan-mongolian-autonomy-bank-specimen-sp63.html

They maybe relatively large in number compared against the precious metal coins but they are the important coins that many collectors can afford to own.


I agree that they are still small in number compared with the actual coins in circulation. So are the proof coins for circulation, like those that go with the Tibet and Xinjiang silver coins. But collecting non-precious metal coins is a very different hobby, requiring very different knowledge and expertise. For $1500, why not buy a PF68 Tibet 20 Years silver coin which had a mintage of 3000? The price in the link looks inflated, as Zhao Online auctioned off a higher grade one for less than $1000 in July:

http://www.zhaoonline.com/zhongguodangdaijinyinbi/1661435.shtml