Author Topic: chinese lunar prices heating up  (Read 21462 times)

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Offline silverstar1

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chinese lunar prices heating up
« on: September 04, 2014, 03:32:55 PM »
Has anyone else here noticed the prices on the newer silver lunar coins have really been going up . Even in the past weeks they are becoming either unavailable or much higher prices. I would like to get others thoughts here that like the lunar coins , is this just a temporary trend or are they really gaining some interest that is here to stay?

Offline geoxxx

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Re: chinese lunar prices heating up
« Reply #1 on: September 04, 2014, 11:36:39 PM »
They are definitely becoming harder to buy.
I am not certain if they are being bought up or if sellers are just not selling them

Offline silverstar1

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Re: chinese lunar prices heating up
« Reply #2 on: September 05, 2014, 01:06:36 PM »
Yeah it could be both , also i think prices were getting so cheap on many that now they are just getting back to what they should be. I could be wrong but I think the 2014 horse may prove in the future to be very sought after for the series. With the high mintage's I still cant figure why the ox are so expensive and hard to get.

Offline jc888888888

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Re: chinese lunar prices heating up
« Reply #3 on: September 05, 2014, 06:16:25 PM »
Absolutely ,I graded  a bunch of 2014 colorized horses and scallops when they where first released( I believe I was the first submission) i barely sold the pf69 for cost now they are going for 3 times that apx

Offline geoxxx

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Re: chinese lunar prices heating up
« Reply #4 on: September 05, 2014, 11:46:36 PM »
If anyone has seen a 2000 - 2002 Fan ms70 I would be interested to know about it....

Offline geoxxx

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Re: chinese lunar prices heating up
« Reply #5 on: September 06, 2014, 04:59:55 AM »
Some of my Chinese friends have told me that the Lunar Clorized Ox has doubled in value in the local Chinese market during the past month

Offline bekiz

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Re: chinese lunar prices heating up
« Reply #6 on: September 06, 2014, 09:18:57 PM »
Some of my Chinese friends have told me that the Lunar Clorized Ox has doubled in value in the local Chinese market during the past month
So what is the price now?
A year ago someone offered me $750 for the coin http://www.youtube.com/watch?v=lO3yA5RKlUQ
I have no idea if it was high or not at the time but didn't proceed with the deal.
Now I see this lot 351157410730 on eBay, with best offer below $1200 accepted (closed deal range $950-$1200) ... that is quite a rise.

I believe I have read somewhere on this forum that a lot of colored ox coins were bought by some Chinese for his son.

Offline geoxxx

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Re: chinese lunar prices heating up
« Reply #7 on: September 06, 2014, 11:56:44 PM »
Last price I heard was USD 1750 for the ox.
And that's an OMP...no idea what a ms70 would go for but it's suddenly impossible to find

Offline davidt3251

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Re: chinese lunar prices heating up
« Reply #8 on: September 07, 2014, 12:32:29 AM »
At NGC, 2009 color Ox has 60 graded in 69, 30 in 70. As far as NGC graded silver lunar coins are concerned, thats not as scarce as 2003 round Lunar Goat (22x69, 4x70), and 2002 Lunar Horse (20x69,3x70). Although the goat has appreciated (OMP $1098, ebay # 371125756586), the horse still seems relatively inexpensive, OMP w/coa as low as $448 (ebay #251636162755)

« Last Edit: September 07, 2014, 01:16:21 AM by davidt3251 »

Offline wg

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Re: chinese lunar prices heating up
« Reply #9 on: September 07, 2014, 02:02:27 AM »
 
Last price I heard was USD 1750 for the ox.
And that's an OMP...no idea what a ms70 would go for but it's suddenly impossible to find

6.6k euro

regards

p.s.:

bekiz

Quote
I believe I have read somewhere on this forum that a lot of colored ox coins were bought by some Chinese for his son.

 N67

I believe I have read somewhere on this forum that a lot of colored dog coins were bought by some Chinese for his son.

« Last Edit: September 07, 2014, 02:34:03 AM by wg »

Offline saso12

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Re: chinese lunar prices heating up
« Reply #10 on: September 07, 2014, 06:43:38 AM »
I dont know why prices of this coins went up now, but I made 7x my investment on them so I thought it was time to sell.
I hope new owner will make same amount of profit I made. But I think with 100.000 mintage there is not much room for gaining in price. But we will see in next years.




@wg: this PF70 looks very familiar to me :D :D

Offline bekiz

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Re: chinese lunar prices heating up
« Reply #11 on: September 07, 2014, 06:49:05 AM »
I dont know why prices of this coins went up now, but I made 7x my investment on them so I thought it was time to sell.
I hope new owner will make same amount of profit I made. But I think with 100.000 mintage there is not much room for gaining in price. But we will see in next years.




@wg: this PF70 looks very familiar to me :D :D
well, good for you.
as of mintage, like with many other MCCs 100 000 stated mintage easily can be 10 000 real mintage, and with the price of raw on ebay about $1000 it can be even 2000.

P.S. my paper profit is more than 7x, so I can keep the coin for the next 7 years until the next year of the ox. I believe strong hands have the same intentions

Offline jc888888888

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Re: chinese lunar prices heating up
« Reply #12 on: September 07, 2014, 07:27:15 AM »
Be very wary of fakes my friendS! ,know who you are buying from ,when prices rise here come the counterfeits ,this coin has very high quality fakes already out there

Offline davidt3251

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Re: chinese lunar prices heating up
« Reply #13 on: September 07, 2014, 07:09:40 PM »
Be very wary of fakes my friendS! ,know who you are buying from ,when prices rise here come the counterfeits ,this coin has very high quality fakes already out there

The 2006 Colored Dog has been over $1000 for over a year (in OMP), yet there has been no flood of fakes. Why would you expect the Ox to be different? To me, the Ox looks harder to fake.

Offline jc888888888

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Re: chinese lunar prices heating up
« Reply #14 on: September 07, 2014, 07:19:15 PM »
The 2006 Colored Dog has been over $1000 for over a year (in OMP), yet there has been no flood of fakes. Why would you expect the Ox to be different? To me, the Ox looks harder to fake.

I have personally seen 3 the first one I bought was so good i sent it to NGC ,the other 2 I knew where fake from my first bad experience I believe WG posted some pics of fake 2010 tiger colorized on this board and it is my assumption the fake tigers and ox where all produced by the same folks at the same time and where being sold by Russian and folks in eastern Europe, if someone offers you a raw coin from that part of the world be careful