Author Topic: 2012 Chinese dragon coins are out  (Read 9866 times)

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Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #30 on: November 16, 2011, 02:30:40 PM »
Thanks Comeaux, you are right. The mintage is limited to 3,00,000 for 1 oz silver BU and 1 oz gold BU. For 1 oz Silver proof, it is 5000.

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #31 on: November 16, 2011, 02:47:31 PM »
Thanks Comeaux, you are right. The mintage is limited to 3,00,000 for 1 oz silver BU
Hi pandora I think you may have put one too many zero's as I believe (not sure) the mintage is 300,000 and not 3 million.

I did order a few of these just for collectible reasons and think I read the mintage number at 300,000 but I could be wrong.

 

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #32 on: November 16, 2011, 03:02:58 PM »
Hi pandora I think you may have put one too many zero's as I believe (not sure) the mintage is 300,000 and not 3 million.

I did order a few of these just for collectible reasons and think I read the mintage number at 300,000 but I could be wrong.

  

Hi Comeaux - no extra zero, just extra comma: 3,00,000 vs 300,000.  :001_smile:

The "Million" is "10 Laks" in the East.

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #33 on: November 16, 2011, 03:05:30 PM »
Thanks pandora ! ... I'm learning something new on CCF everyday  :001_smile:

Offline digbird

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Re: 2012 Chinese dragon coins are out
« Reply #34 on: November 16, 2011, 03:17:21 PM »
I agree with Exchange and find these are a bit expensive for newly released coins. Especially the gold coins and the 5 oz frisbee. What's the upside? ans: In the sellers pocket. I may spring for a silver flower, as I'm a dragon baby...been saving for the 1/2oz gold set, but at over $3,000.00 that lets me out. Don't think I've ever seen Xu lower his prices, at least on the coins that I've been tracking...could be wrong on that though. The Aussie dragons are at a current stand still and off their highs. Perhaps in the year 2012 we will see them pickup once again. cheers folks...just my opinion.   

Offline PandaCollector

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Re: 2012 Chinese dragon coins are out
« Reply #35 on: November 16, 2011, 03:41:14 PM »

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #36 on: November 16, 2011, 03:43:55 PM »
I have not bought any of the new dragons. In fact, I haven't bought any new coins at all. The older ones are all still underpriced compared to the new ones. What is interesting about the new ones that all of us should pay attention to is that it's a gauge for where the market is going. The people buying the new stuff are very often less experienced, new collectors that will eventually come to the rare older stuff when they gain experience. If they were not buying, it would be a negative market sign.

So far, Chinese coins are in high demand. The Australian 2012 dragon looks too much like the 2000 dragon, and Australian lunar coins have lost a lot of market share to the "real" Chinese lunar coins. I think I mentioned that effect in one of my older, recent articles.

The Canadian dragons are very attractive, and even come in a flower shape! Canada's coin collector base is very stable and enthusiastic, and think their dragon beats this year's Australian offerings. The collector base and much lower mintage will ensure Canadian sales are healthy despite competition from the "real" Chinese lunars that crushed Australian sales.

Offline mrslick32

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Re: 2012 Chinese dragon coins are out
« Reply #37 on: November 16, 2011, 08:23:22 PM »
Yes dobedo you are right and not to mention every large dealer is overflowing with these Australian Dragons right now so they don’t seem to be selling very well.

I would think the Chinese Lunars are infinitely more highly sought than Australian Lunars so I would imagine with a 60,000 mintage they will not be as readily available as the Australian Dragons or is this not an accurate assumption?
 
 


Based on the rate of sales of the flower shaped dragon from Xu Hong's ebay site, I think that the China dragons will sell out quickly, at least the flower shaped ones. I really like the design of the flower shaped coin and I bought one for myself.

Offline PandaCollector

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Re: 2012 Chinese dragon coins are out
« Reply #38 on: November 17, 2011, 01:44:31 AM »

This one should satisfy any dragon lover!


Photo by Peter Anthony

Best wishes,
Peter Anthony
http://www.pandacollector.com


Offline mrslick32

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Re: 2012 Chinese dragon coins are out
« Reply #39 on: November 17, 2011, 09:27:54 PM »
Xu Hong's flower shaped silver dragons are selling really fast! He already sold 24 coins (I believe he sold 10 coins in his first batch prior to the current listing) and has 4 left. I love the design and it has the lowest mintage for the 2012 silver dragon so I'm not surprised.