Author Topic: 2016 lunar series (monkey) will be issued on 10/16/2015  (Read 6683 times)

0 Members and 1 Guest are viewing this topic.

Offline ChinaClipper

  • Trade Count: (0)
  • Newbie
  • *
  • Posts: 16
  • Karma: 1
Re: 2016 lunar series (monkey) will be issued on 10/16/2015
« Reply #15 on: November 26, 2015, 08:04:11 AM »
I should have bought it on ebay, live and learn.  :laugh:

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2583
  • Karma: 224
Re: 2016 lunar series (monkey) will be issued on 10/16/2015
« Reply #16 on: November 26, 2015, 11:59:15 AM »
Howdy Poconopenn,

I speak a little pu tong hua (mandarin) but my reading skills, other than city names and some road signs are next to none.

I showed that link to my wife who translated it and it says (on the same line item in the link) that the 1/3 ounce gold fans were 4900 rmb and the silver 1 ounce fan was 1000 rmb. So that's  a total of 5900 rmb for both. The 6288 rmb I paid (for 1 set, of a 1/3 oz gold and 1 oz silver fan) is about 388 rmb higher (about 60 dollars US) for the set of both. So while it's a premium that is not too bad.

Thanks for cluing me into that though. I'll get some pix up when it comes in.

扇金银猴;4900,银;1000

扇金银猴:  扇=Fan; 金=Gold; 银=Silver; 猴=Monkey

According to China Gold Coin Inc., no small size gold lunar coin is sold as individual coin, but in the gold & silver set. This was the way to issue the small size lunar gold coins after 2006 and most likely will be in the future.

Current price for 2015, 2014, 2013 and 2012 fan gold & silver set in the market place.

2015 (goat): RMB 4200

2014 (horse): RMB 5500

2013 (snake): RMB 5280

2012 (dragon): RMB 6500


Offline wg

  • Trade Count: (+1)
  • Sr. Member
  • ****
  • Posts: 766
  • Karma: 65
Re: 2016 lunar series (monkey) will be issued on 10/16/2015
« Reply #18 on: November 29, 2015, 03:07:38 AM »
  

5 pieces colour 898

Offline allgeekspcstore

  • Trade Count: (+3)
  • Jr. Member
  • **
  • Posts: 114
  • Karma: 4
Re: 2016 lunar series (monkey) will be issued on 10/16/2015
« Reply #19 on: February 17, 2016, 11:13:19 PM »
love these funky shaped monkeys. Real nice.

Offline Rainbird

  • Trade Count: (0)
  • Newbie
  • *
  • Posts: 33
  • Karma: 1
Re: 2016 lunar series (monkey) will be issued on 10/16/2015
« Reply #20 on: April 27, 2017, 04:16:05 AM »
I was out buying some mixing equipment for a factory I am consulting with and swung by the BOC (Bank of China today) after  they called and said could get a couple sets of the 2016  lunar coins for me.

These things are pricey over here in China (due to the low mintage) and very hard to get over here because everyone wants them (high domestic Chinese demand and low mintage for some of the coins). They could not get any of the 5 ounce gold rectangles because they only minted a few thousand, or flowers etc.  for me. The factional ounce rounds are unavaliable too at the bank even though are much higher mintage  because they are cheap, and everyone is trying to get them (and did). heh.

The sweet spot was the fans.....I was able to get two sets  of the fans. Each set has one of the  1/3 oz gold fans and  one of the 1 oz silver fans. Apparently that was the sweet spot between mintage amount  and price

These sets are going for an extreme premium over melt value (6288 rmb per set) which is about $984.24 (US dollars ) each. Wow that's about 3 x melt value. Holy crap batman!

 I may have more money than common sense and not be a very good Chinese coin collector since I'm a relative novice at this but based on my recent experience with the WWII 70th anniversary commemorative set this year (ordered a 1/4 oz gold and a 1 oz silver coin  for 3800 rmb and was told by someone on this forum they now are going for 8000 rmb a few months later) I bit the bullet and ordered 2 sets of the 2016 monkey fans. They could only find 2 sets for me so I ordered them both. Am I an idiot for doing that? heh.

They will arrive next month. I will post some photos when they come dancing into the bank.

I'm going to be weighed down and clanking going through US customs next year with these 2 monkey sets, the WWII set and the two 5 coin gold panda sets.

US customs gave me a good close look and going over last year with the gold panda sets and silver pandas and cash ;)

Which begs the question...How do you declare the value of Chinese gold coins at US customs? Unlike gold bullion (which is not considered a monetary instrument) gold coins count toward the 10K USD threshold for filling out the FINCIN 105 form which I never fill out because it's no ones business but mine,  so I stay below 10K USD so it doesn't get confiscated by Mr. grabby hands McCustoms guy.

Now, does one declare what you paid for the coin? (I did that last year and had receipts to verify it).....

Or do you declare the melt value of the metal........(I like that better).

Or do you declare the RMB value marked on the coin (I like that option the best if it's allowed).  ;)






Let me know if you are interested in the 5oz gold. I deal with them.