Recent Posts

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61
Modern Chinese Coins / Re: Registry winner include panda coin collectors
« Last post by Mirkkanen on January 18, 2018, 06:39:21 PM »
Yes, sector rotation has definitely been happening, based on Master Set needs. And I don't think MCC holders are questioning long term investment potential as much as they were opting to test the waters in another speculative play (Cryptos) that could produce stronger retuens in the near term. They were correct because of the immaturity of the crypto market.
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Modern Chinese Coins / Re: Registry winner include panda coin collectors
« Last post by r3globe on January 18, 2018, 05:51:00 PM »
There was no panic selling, everyone was selling around market prices and prices didn’t move much.  Where there has been problems is bullion coins, those with numismatic premiums of 15% of less, they were very hard to move above melt.  Also low grade ms67 and lower have been tough to move, without master set demand there is almost no demand for them, while when master set demand comes back we will see ms67 trade almost like ms68 vs now they are trading at 20-50% premium discounts.

For years I was proven wrong about not keeping ms67-68 coins as investments, as they traded almost at same price as ms69, but now without master set demand, owning ms69 has provided strong liquidity, while the lower grades are much less liquid to almost illiquid for ms67 and below. Always invest in assets that can be sold during worst of times so you can cash out when needed.

I guess using "panic selling" was wrong. There seemed to be "loss of faith" in gold pandas as an investment by long term holders. I am not sure how widespread that is? Do you care to comment on where MCC prices are in terms of the cycle?

I don't see the recent action in the MCC market as panic selling,  however, I am not a dealer so I don't have access to that level of information. I see the MCC market as moving in waves, each wave being triggered by a new catalyst, and each pull back a result of changing Chinese demand. I don't think MCC price has much of anything in common with the spot price of metals. Am I wrong?

It seems you are describing "sector rotation". The money keeps chasing the overlooked until it is frothy then it looks somewhere else.
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Modern Chinese Coins / Re: Registry winner include panda coin collectors
« Last post by KeyDate1/2ozPandas on January 18, 2018, 05:32:40 PM »
There was no panic selling, everyone was selling around market prices and prices didn’t move much.  Where there has been problems is bullion coins, those with numismatic premiums of 15% of less, they were very hard to move above melt.  Also low grade ms67 and lower have been tough to move, without master set demand there is almost no demand for them, while when master set demand comes back we will see ms67 trade almost like ms68 vs now they are trading at 20-50% premium discounts.

For years I was proven wrong about not keeping ms67-68 coins as investments, as they traded almost at same price as ms69, but now without master set demand, owning ms69 has provided strong liquidity, while the lower grades are much less liquid to almost illiquid for ms67 and below. Always invest in assets that can be sold during worst of times so you can cash out when needed.
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Modern Chinese Coins / Re: Registry winner include panda coin collectors
« Last post by Mirkkanen on January 18, 2018, 04:34:08 PM »
I don't see the recent action in the MCC market as panic selling,  however, I am not a dealer so I don't have access to that level of information. I see the MCC market as moving in waves, each wave being triggered by a new catalyst, and each pull back a result of changing Chinese demand. I don't think MCC price has much of anything in common with the spot price of metals. Am I wrong?
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Modern Chinese Coins / Re: Registry winner include panda coin collectors
« Last post by r3globe on January 18, 2018, 12:59:46 PM »
Two block chain ETF launched today. 
http://www.altcointoday.com/the-first-blockchain-etfs-have-launched-on-the-nasdaq-exchange/   

I am much more technical trader for gold, as fundamentals haven't worked for the last 6 years.  Despite all the craziness in the world gold has done nothing, but go down or trade sideways.  A break above $1400 would signal breakout of multi year pattern and a high likelihood of testing prior high.  Sold out of my entire bullion position in 2017 after a 10 year hold for many of the coins like strips of 1986-1988 gold panda proof sets.  If gold breaks I will buy mining shares and stay liquid until breakout is confirmed.

For me, I am very very humbled by the market. This forum is great because I can always come and read the analysis of people who are much smarter than I am.

To load up on Gold and Mining shares, I have been waiting for the retest of $875-$1000 level for 2-3 years  :cursing: I thought that the market needs this move to clear all optimism in the market. We could have bottomed, but the possibility of the retest of the $1000 gold level has been extended another 2-3 years. Yes, gold prices are going up, but silver seems to lag. In bull markets, silver usually leads aggressively, and we are not seeing that.

From Arif's experience, it appears to me that the Gold Panda market went through a Panic selling of sorts last year which could mean we finally bottomed ? Even if Gold prices have not bottomed or are destined to go sideways for another 2-3 years, MCC market has probably bottomed with gold pandas leading the way. Is there a "lag" and/or "divergence" between Gold/Silver prices and MCC market? I know for example that American Numismatics peaked much later than the 1980 Gold peak.
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Modern Chinese Coins / 1980 China Olympics coins
« Last post by baron88 on January 18, 2018, 11:13:25 AM »
Seems like these coins are hot and activily traded on eBay. Especially the pieforts are selling at high prices. Any opinion on buy, hold or sell?
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Modern Chinese Coins / Re: Registry winner include panda coin collectors
« Last post by baron88 on January 18, 2018, 10:06:43 AM »
To clarify, block chain ETFs are not cryptocurrency or bitcoin ETFs. They own block chain tech company stocks. I am watching them closely too. Am especially interested in which company stocks they buy. As for gold, last year I did buy a few 2017 Gold panda halfs, just in case they become rare coins based on the fact gold coins sales was one of the lowest ever.
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Modern Chinese Coins / Re: Registry winner include panda coin collectors
« Last post by jc888888888 on January 18, 2018, 07:17:02 AM »
  Arif  I love your analogy sitting  in the house filled with natural gas LOL I might add with a chain smoker sitting in the living room LOL I am also watching the action on the ETF BLOK Interesting
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Fake Chinese Coins / Re: 1985 35 th nniversary of PRC
« Last post by sbtigon on January 18, 2018, 02:14:47 AM »
The Shanghai mint coins are not available and differnt coins are available.

The first seller sent these photos.. are they genuine Shenyang mint PRC 35th anniversary? Request help
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Buy, Sell & Trade / Re: Selling MCC NGC 69 UC Gold
« Last post by sasushi on January 18, 2018, 02:03:06 AM »
G50Y 1995 CHINA BRONTOSAURUS 3000 USd pending
G50Y 1999 ZHANG DAQIAN BOYS RIDING AN OX 2200  USD sold
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