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General Discussion / Re: Worst Chinese Coins/Medals to invest in
« Last post by eric on Today at 12:11:46 AM »
Keep in mind I am just one collector expressing an opinion about what I feel comfortable holding, others will find opportunity where I refuse to look.

True but I believe you are one of the more knowledgeable collectors on the planet, LOL :-)
Makes sense about liquidity.

However there are serial collectors who are still buying the post-2010 gold panda coins up till date. Again the newest releases are (obviously) bullion on release. But earlier releases were also classified bullion on release. As long as one is buying as close to spot as possible I would pick up a few each year.

Yes I'm one of them, and I hope there are many others like me. I also hope that new serial collectors will keep joining the game, because then they'll have to go back and collect the old ones to complete their collection. The bullion coins can be bought for relatively close to spot, but all the new special editions and various medals are WAY over spot, like 10X in the case of many silver medals. And that brings it back to the question of the OP. 
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Modern Chinese Coins / Re: WOW of the day
« Last post by eric on Yesterday at 11:55:32 PM »
I hear ya, Eric!  However, maybe the seller is Chinese (or other) American with poor English!  Hmmm

That thought did cross my mind, but then the language used in the first paragraph of the description would be too good.

I just did a bit more googling, and I did find evidence of a prior identical ebay listing:

http://chinacoinset.info/2018/01/china-rare-1980-olympic-silver-proof-piedfort-proof-coins-complete-set/

At the end of the scraped ebay listing on that page, it says-

The item “China RARE 1980 Olympic Silver Proof Piedfort Proof Coins Complete Set” is in sale since Tuesday, January 02, 2018. This item is in the category "Coins & Paper Money\Coins\ World\Asia\China\Mixed Lots". The seller is "lvphantoms" and is located in Allentown, Pennsylvania.

That is a different seller than the recent auction from "mccrafting". I looked up that seller "lvphantoms" and from the looks of it, that auction was probably fraudulent too as they don't deal in coins.
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General Discussion / Re: Worst Chinese Coins/Medals to invest in
« Last post by KeepOnTrying! on Yesterday at 11:44:36 PM »
Not to state the obvious but different colloectors have varied collection strategies and I can see the merits of choosing and picking from the pre-2010 gold panda coins. However there are serial collectors who are still buying the post-2010 gold panda coins up till date. Again the newest releases are (obviously) bullion on release. But earlier releases were also classified bullion on release. As long as one is buying as close to spot as possible I would pick up a few each year.

I am not collecting with a plan to liquidate core holdings anytime soon. So there is enough time to enjoy the ride. Nothing about coin collection is cut and dried (IMO).
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Modern Chinese Coins / Re: WOW of the day
« Last post by Pandaguy on Yesterday at 11:08:15 PM »
I do think it was a fraudulent listing now. The seller messaged me saying "Hello, winning bidder is still playing around with the payment. So the coins is still available. Please let me know if you still interesting. Thanks"

For a US-based seller since 2010, selling this item, I would not expect those kind of typos. I think a scammer hijacked the seller's account, and was smart enough to list a coin set due to the seller's previous feedback being for coins. And was somehow smart enough to choose an obscure listing for the piedfort set.

A line in the auction description said "Having dealt in these coins for over 30 years this is the only complete set of these rare piedforts I have ever handled." I would like to know who originally wrote that. Clark? Jay? Martin?

I hear ya, Eric!  However, maybe the seller is Chinese (or other) American with poor English!  Hmmm
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General Discussion / Re: Worst Chinese Coins/Medals to invest in
« Last post by KeyDate1/2ozPandas on Yesterday at 07:13:46 PM »
Keep in mind I am just one collector expressing an opinion about what I feel comfortable holding, others will find opportunity where I refuse to look.  Also, I consider liquidity an important aspect of owning these coins, I prefer to own coins that I think I can sell easily if I need to raise money for another investment.  If given the choice to own a 1988 5oz gold panda or 2012 5oz gold show panda, I will choose the 1988 despite a little higher survival because the market for the 1988 is liquid, while the show panda is only liquid near melt pricing.
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Modern Chinese Coins / Re: WOW of the day
« Last post by eric on Yesterday at 04:06:18 PM »
I do think it was a fraudulent listing now. The seller messaged me saying "Hello, winning bidder is still playing around with the payment. So the coins is still available. Please let me know if you still interesting. Thanks"

For a US-based seller since 2010, selling this item, I would not expect those kind of typos. I think a scammer hijacked the seller's account, and was smart enough to list a coin set due to the seller's previous feedback being for coins. And was somehow smart enough to choose an obscure listing for the piedfort set.

A line in the auction description said "Having dealt in these coins for over 30 years this is the only complete set of these rare piedforts I have ever handled." I would like to know who originally wrote that. Clark? Jay? Martin?
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General Discussion / Re: Worst Chinese Coins/Medals to invest in
« Last post by eric on Yesterday at 03:58:12 PM »
I draw the line at 2010, any medal or coin issued after 2010 I am no longer keeping as part of my personal collection.  I still buy and sell some post 2011 medals if I trust the distributor will not dump into the market or rip people off before and during the show release.  As a general rule I only handle medals that were issued by US distributors, any distributed by Asia or Europe based distributors I completely avoid.

As a collector/investor/dealer don't you find it disheartening that you don't consider post-2010 to be a good investment? In order for the market to keep growing,  and thus raising the demand/value of our pre-2010 stuff, don't we need new collectors to keep joining the game, which means we need new products each year that are worth buying? 10-15 years from now who is going to be buying those pre-2010 coins?

In other words, it seems like a lot of this new stuff is really bad for the entire MCC market, right? I don't mean to bring negativity into the forum, but the way I see it, we might as well discuss it if we hope to see change. I doubt the China mint is going to change the way they're doing bullion these days, but hopefully at least some medal sponsors will take these opinions into consideration. (As an aside, since he's an active member here, I do think PA's valentine medals are done well and have bought a couple of each. And I suppose he would fit your criteria of a US distributor--although I do think the near-term profit is pretty well built into the price.)

But I find the barrage of "official" and non-official mint products to be confusing. The 2001 small-D controversy also left a really bad taste in my mouth. It feels like collectors have to have a huge body of knowledge (and what seems like insider info) in order to be successful in MCC. On the one hand, it's fun and natural for those on the inside to find the varieties and rarities, and cash in on their knowledge. To some extent, all coin collecting is like that even in the big genres like Lincoln pennies, and Morgan dollars. But there also seems to be an inherent simplicity in those markets compared to MCC. If I'm buying American Eagles, I'm not going to worry that a certain year and mint mark is going to suddenly be fake.

With MCC, I'm still buying, but not as much as I used to, because my trust level is fairly low. I have a big collection, so I'm still HOPING for the best. But what needs to happen to see this market rebound to new levels?
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Coins are sold or withdrawn. Thanks.
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General Discussion / Re: Worst Chinese Coins/Medals to invest in
« Last post by pandamonium on Yesterday at 07:41:15 AM »
Ebay photo, not mine.   This is a 2010 medal Gilt Tiger w/ crystal eyes and only newer issue i have.     For whatever reason no one on ebay bid last yr so it was very cheap.    As a Color silver lunar it is worth collecting for me.       Early issue medals have real potential now as more collect them.       
Another medal i find interesting is this 1982 copper dog from Proof set.     Ebay photo but mine as it was very cheap, scratches?     No Proof set medals on ebay now.    As the Proof sets rise in value why not the medals in the set?.....
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General Discussion / Re: Worst Chinese Coins/Medals to invest in
« Last post by KeyDate1/2ozPandas on Yesterday at 12:08:57 AM »
I draw the line at 2010, any medal or coin issued after 2010 I am no longer keeping as part of my personal collection.  I still buy and sell some post 2011 medals if I trust the distributor will not dump into the market or rip people off before and during the show release.  As a general rule I only handle medals that were issued by US distributors, any distributed by Asia or Europe based distributors I completely avoid.
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