Author Topic: Spring auction, coin001.com, 3/24- 3/27  (Read 2044 times)

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Offline PandaOrLunar

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #1 on: March 19, 2018, 12:54:26 AM »
Doesn't seem to be a lot of coins.  Is the number auctioning normal?  Don't know why I expected more.

Offline PandaOrLunar

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #2 on: March 19, 2018, 01:20:25 AM »
Well never mind.  It appears it's more now.  Go figure.  Must be still in progress?

Offline PandaCollector

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #3 on: March 19, 2018, 01:28:43 AM »
Well never mind.  It appears it's more now.  Go figure.  Must be still in progress?

The catalog was not finished last week when I asked. It should be a pretty good-sized auction based on a conversation.

Best wishes,
Peter Anthony
China Pricepedia
The Gold & Silver Panda Coin Buyer’s Guide 3
www.pandacollector.com`

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #4 on: March 19, 2018, 05:21:25 PM »
IMO, the following items will have a final value more than $10,000.

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1736&skip=1 (1980 winter Olympics 1 Yuan copper piedfort woman’s figure skating 25-coin OMP sheet)

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1737&skip=1 (1980 winter Olympics 1 Yuan copper piedfort woman’s speed skating 25-coin OMP sheet)

www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1436&skip=1 (PMG 67EPQ, 1953 3 Yuan)

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1435&skip=1 (PMG 67EPQ, 1953 5 Yuan)

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1693&skip=1 (PMG 55EPQ. 1953 10 Yuan)

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1336&skip=1 (1986 NGC graded proof set PF67/68/69)

www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1833&skip=1 (1984 Shanghai version of 35th anniversary of founding of PRC, NGC PF68/69 set)

www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1438&skip=1 (1987 1 Yuan 40th Anniversary of Mongolia Autonomy proof coin, NGC PF68)

www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1825&skip=1 (1987 1 Yuan 40th Anniversary of Mongolia Autonomy proof coin, PCGS PR67DACM)

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1397&skip=1 (1987 1 Yuan 40th Anniversary of Mongolia Autonomy proof coin, NGC PF67UC)

www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1577&skip=1 (1989 1 Yuan, 40th Anniversary of Founding of PRC proof coin NGC PF64UC, Note: key proof circulated coin)

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1448&skip=1 (1995 1 Yuan, 50th Anniversary of UN proof coin, PCGS PR68DCAM)

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1398&skip=1 (1999 1 Yuan & 1 Jiao Bank Specimen, MS 65/67)

Offline 1668Chris

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #5 on: March 25, 2018, 04:53:25 PM »
The price for the 86 proof set is almost at $50k with a couple of days to go.

Offline 1668Chris

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #6 on: March 26, 2018, 10:46:18 AM »
Now almost $60K.

Offline Mirkkanen

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #7 on: March 26, 2018, 10:59:14 AM »
Why so high?

Offline 1668Chris

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #8 on: March 26, 2018, 11:00:22 AM »
mintage of 660 sets only.

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #9 on: March 26, 2018, 03:20:51 PM »
Now almost $60K.

The final value is $68,000.

The fall auction last year (11/13/2017) for NGC 65/68 set, it fetched $42,000.


http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=990&skip=1


Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #10 on: March 26, 2018, 03:26:45 PM »
The auction results for fen coins and great wall coins are excellent, especially for 1979-1986 mint and proof sets. Specifically, 1984 Shanghai version proof set fetched a valuation higher than 1985 set and 70% higher than the price guide posted on 3/6/2018 at coin001.com, in the following link.

http://www.coin001.com/read.php?tid=142297

The following link is for the completed auctions, ended this morning. The commemorative circulated coins will be ended in about 20 hours.

www.coin001.com/hack.php?H_name=bigauction&testcoin=1&skip=1&auction_status=3&auction_type=4&auction_credit=money&end_time=&auction_credit=&auction_status=3&category=&searchkeyword=&page=1

The results of the precious metal MCC were weak.  Please note that no gold panda was listed in this auction.

Offline 1668Chris

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #11 on: March 26, 2018, 03:59:22 PM »

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #12 on: March 26, 2018, 04:29:15 PM »
thanks....what is so special about this version:

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=1575&skip=1



This is the coin mentioned in the following thread (B3 version).
 
http://china-mint.info/forum/index.php?topic=14060.0 (Reply # 5 and 6)

In addition, this coin was also re-graded, with a green sticker, by a well-known expert inside China to certify that NGC grade is correct.

Offline 1668Chris

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #13 on: March 26, 2018, 07:40:15 PM »
https://www.ngccoin.com/certlookup/2818658-013/68

Notice the obvious tool marks on the obverse which was made to look like frosting.  How this coin was even graded is beyond me...what a shame;


Offline fwang2450

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #14 on: March 27, 2018, 01:41:25 AM »
https://www.ngccoin.com/certlookup/2818658-013/68

Notice the obvious tool marks on the obverse which was made to look like frosting.  How this coin was even graded is beyond me...what a shame;


There have been some discussions on the tool marks on coin001.com. They appear to be intentional, observed on both business strikes and proof versions of the Great Wall coins. It is strange that the field takes on this frosting effect, not just the devices. This frosted field in the national emblem also appears on precious metal coins, such as these:


Offline PandaQuest

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #15 on: March 27, 2018, 10:10:06 AM »
Is there a link for the completed auction results? Thx

Offline fwang2450

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #16 on: March 27, 2018, 12:11:17 PM »
Is there a link for the completed auction results? Thx
Completed auctions can be found here: http://www.coin001.com/hack.php?H_name=bigauction&skip=1&auction_status=3&1=1. Auctions from previous years are also included. Just look at the dates. The most recent one ended on 3/26 and 27.

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #17 on: March 27, 2018, 12:49:42 PM »
Again, this is an excellent result for specimen circulated coin, especially for some later year coins in OMP. Most coins were ended about 50-70% higher than the price guide posted on 3/6/2018 at coin001.com.

http://www.coin001.com/read.php?tid=142296

Offline 1668Chris

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #18 on: March 27, 2018, 09:29:54 PM »
There have been some discussions on the tool marks on coin001.com. They appear to be intentional, observed on both business strikes and proof versions of the Great Wall coins. It is strange that the field takes on this frosting effect, not just the devices. This frosted field in the national emblem also appears on precious metal coins, such as these:



If you have time can you summarize the discussion on coin001.  I am at a loss because looking at the NGC photo the marks are hand made and look like scratches which was made to look like frosting.  Why this type of coin is even graded is a mystery unless for some reason the die was made this way. 

Offline fwang2450

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #19 on: March 27, 2018, 11:13:12 PM »
If you have time can you summarize the discussion on coin001.  I am at a loss because looking at the NGC photo the marks are hand made and look like scratches which was made to look like frosting.  Why this type of coin is even graded is a mystery unless for some reason the die was made this way. 
The lines were not hand made on the coin. They are not scratches. The NGC scan exaggerated the lines due the 90 degree lighting to those lines. If anything, they look like die polish lines, RISING above the field. I am attaching the picture of a 1980 1 yuan business strike below.

These polish lines do create a frost-like contrast between the field inside the national emblem and the field outside it. Is this effect intentional or accidental? If accidental resulting from normal die polishing, why was polishing limited to the field inside? Considering similar effects on precious metal coins (frosted field inside the emblem), is it possible that the mints were experimenting with some new technology? If it is intentional, why do these lines also occur on proof coins, like the one in your link, which already have frosting? These are some of the puzzles.

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #20 on: March 28, 2018, 02:05:15 PM »
Striation (incuse polish lines on a die) is relatively common for the earlier MCC, especially for gold coin. It will not affect the grading. Here is an example of 1986 peace gold coin (PF69). Majority of this peace gold coin graded as 69 by both PCGS and NGC have the  polish lines.

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #21 on: March 28, 2018, 02:22:45 PM »
The lines were not hand made on the coin. They are not scratches. The NGC scan exaggerated the lines due the 90 degree lighting to those lines. If anything, they look like die polish lines, RISING above the field. I am attaching the picture of a 1980 1 yuan business strike below.

These polish lines do create a frost-like contrast between the field inside the national emblem and the field outside it. Is this effect intentional or accidental? If accidental resulting from normal die polishing, why was polishing limited to the field inside? Considering similar effects on precious metal coins (frosted field inside the emblem), is it possible that the mints were experimenting with some new technology? If it is intentional, why do these lines also occur on proof coins, like the one in your link, which already have frosting? These are some of the puzzles.

IMO, those polish lines were done accidentally. The field is the flat surface of the working die and not all 1980 1 Yuan have  polish lines.

Offline GoldenLord

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #22 on: March 28, 2018, 04:23:52 PM »
This 100 Yuan Panda 1994 have too Polish Lines and it was graded PFUC70.

But you only can see it with the right light.

Online pandamonium

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #23 on: March 29, 2018, 07:30:30 AM »
Are polish lines the same as hair lines?    If not, what is the difference?.....

Offline fwang2450

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #24 on: March 29, 2018, 05:34:17 PM »
Are polish lines the same as hair lines?    If not, what is the difference?.....
Hairlines occur after coins are made. They are incuse (lower than the field). Blank polishing lines are also incuse, but they occur before striking and therefore may run "under" the devices. Die polishing lines occur when dies are polished. They are incuse on the die, and so are protruding on the coin surface, i.e. higher than the field. They may also run "under" the devices. The picture below shows die polishing lines. They protrude from the field and run under the stars.

Offline fwang2450

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #25 on: March 31, 2018, 12:14:49 AM »
IMO, those polish lines were done accidentally. The field is the flat surface of the working die and not all 1980 1 Yuan have  polish lines.
I also thought initially that these were random die polishing lines. But die polishing lines are normally not confined to the emblem field, as the first picture below shows. In the second picture, the lines are clearly located within the emblem itself. I cannot imagine how it was achieved.

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #26 on: March 31, 2018, 09:39:56 PM »
I also thought initially that these were random die polishing lines. But die polishing lines are normally not confined to the emblem field, as the first picture below shows. In the second picture, the lines are clearly located within the emblem itself. I cannot imagine how it was achieved.


The design of the Chinese characters and emblem are concave, below the flat surface of the working die. Polish can be done either at the flat surface inside the emblem or all flat surface of the die. IMO, this was done by poorly trained production technicians. Clearly, some working dies were not polished at all, since not all coins produced in the same year shown striation. 

Offline fwang2450

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #27 on: April 01, 2018, 11:22:32 AM »
The design of the Chinese characters and emblem are concave, below the flat surface of the working die. Polish can be done either at the flat surface inside the emblem or all flat surface of the die. IMO, this was done by poorly trained production technicians. Clearly, some working dies were not polished at all, since not all coins produced in the same year shown striation. 
Thanks for your insight. It is helpful.

Offline SANDAC

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #28 on: April 02, 2018, 10:49:22 PM »
The discussions about striation lines remind me of my question in 2013 about unexplained lines on the temple side of my 1985 1oz Gold Panda.  http://china-mint.info/forum/index.php?topic=7894.msg46252#msg46252

I had a sheet of 10 and they all have the same set of lines.  I submitted a few over the years and they came back with grades of MS67-69.  I still have a few in OMP and I took one of them out and try to take a better picture without the plastic cover. 

Looking at them under microscope I can see numerous raised lines, too many and too well organized to be die cracks.  They are not concentric lines (artifacts of pantographic transfer), but yet I think they are die making tooling marks of some sort.  Can anyone shed some light on this mystery?

Offline poconopenn

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #29 on: April 04, 2018, 02:13:36 PM »
The discussions about striation lines remind me of my question in 2013 about unexplained lines on the temple side of my 1985 1oz Gold Panda.  http://china-mint.info/forum/index.php?topic=7894.msg46252#msg46252

I had a sheet of 10 and they all have the same set of lines.  I submitted a few over the years and they came back with grades of MS67-69.  I still have a few in OMP and I took one of them out and try to take a better picture without the plastic cover. 

Looking at them under microscope I can see numerous raised lines, too many and too well organized to be die cracks.  They are not concentric lines (artifacts of pantographic transfer), but yet I think they are die making tooling marks of some sort.  Can anyone shed some light on this mystery?

Thanks for such a high resolution picture. I am surprised that you can notice such thin lines. IMO, again, it was done by poorly trained production technicians to try to clean the surface of "working hub". The temple design is the raised part of the working hub.

Offline SANDAC

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Re: Spring auction, coin001.com, 3/24- 3/27
« Reply #30 on: April 05, 2018, 09:46:55 AM »
These are raised lines so that can't be scratches on the working hub.  Perhaps you meant the working die?  But scratching the recessed
features in the working die would be deliberated efforts, not careless cleaning by the workers.  I compared these lines to striation
lines found frequently in the Historical Figures and the lines are significantly wider and higher than striation lines.  It is a
puzzling phenomena.