Author Topic: Peoples Repulic of China Fen coins  (Read 80042 times)

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Offline BobW

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Peoples Repulic of China Fen coins
« on: October 14, 2010, 11:12:22 PM »
The PCGS population reports show a fen, 2 fen and a 5 fen coin for the year 2000. Is anyone aware of what these might be? Were any PRC coins denominated in fens issued after 1997? Thanks.

Offline dooney

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Re: Peoples Repulic of China Fen coins
« Reply #1 on: October 14, 2010, 11:22:39 PM »
The year 2000 was the last year for the 2 and 5 Fen coins. They were made only for mint sets and proof sets. I have a figure of 20,000 proof sets made and an unknown number of mint sets made for that year.

Gregg

Offline BobW

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Re: Peoples Repulic of China Fen coins
« Reply #2 on: October 15, 2010, 12:13:43 AM »
Thanks Gregg. Looking on eBay I see rolls of fen coins for the years 2005 through 2010. Were the fen coins minted for years 2001 through 2010?
« Last Edit: October 15, 2010, 05:39:11 AM by BobW »

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #3 on: October 15, 2010, 01:59:26 AM »
There is no fen issued during 2001-2004. Between 2005 and 2010, Bank of China issued 1 fen only. Collecting of high grade (MS 64 or better)fen series is very challenge. My recommendation is to buy mint and proof sets issued during the period of 1991-2000, while the price of those sets is still affordable. The fen coins for this period were never circulated. They were minted at either Shanghai or Shenyang Mints, but packed in plastic holder by a private company (Beijing Coingot Coins Co., Ltd.). The fens made at Shanghai Mint are not identical to Shenyang Mint. Pre-1970 1 fen and 2 fen in UNC condition (MS 64 or better) are very rare and expensive.


Here are the mintages of mint and proof sets, based on the information I have obtained during last few years.

1991       Mint set:180,000       Proof set:  20,000
1992       Mint set:92,000        Proof set: 132,000
1993-1996  Mint set:250,000       Proof set:  20,000
1997-2000  Mint set:300,000       Proof set:  20,000  
« Last Edit: October 15, 2010, 11:55:01 AM by poconopenn »

Offline BobW

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Re: Peoples Repulic of China Fen coins
« Reply #4 on: October 15, 2010, 05:38:22 AM »
Poconopenn,

Thank you very much for the information.

Offline dooney

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Re: Peoples Repulic of China Fen coins
« Reply #5 on: October 16, 2010, 11:46:08 PM »
Bob,

A list of the Fen coins, mintage, and mints is shown here:
http://modernchinacoins.com/modernchinacoins/1-FEN.html

Gregg

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #6 on: October 18, 2010, 02:38:11 PM »
These are the current (10/15/10) ask price of proof and mint sets inside China. The bid price should be about 20% lower. The current eBay price is lower than the price inside China. English translation was added to a few places.

The website is given below:

http://www.coin001.com/bbs/read.php?tid=499

本报价为中国现代钱币网独家报价,如有转载请注明转载自中国现代钱币网http://www.coin001.com/

年份(Date)   品种(Type)                          发行量(Mintage)                价格 (Price RMB)

1979        普制套装 (mint set)                  不详(Not available)            3800元
1980        普制套装                                80000                             3100元
1981        普制套装(红皮,red folder)       23400                            5500元
               精致套装(proof set)                                                       6000元
1982        精致套装                                不详                               5200元
1983        普制套装                                不详                               1200元
               精致套装                                不详                               2600元
1984        精致套装(上海版,Shanghai)       不详                              7500元
               精致套装(沈阳版,Shenyang)    5750                              6200元
1985        精致套装                                 4825                             13500元
1986        精致套装                                 660                             130000元
1991        普制套装                                 180000                              20元
               精致套装                                 20000                              600元
1992        普制套装                                 92000                              350元
               精致套装                                 132000                            350元
1993-1996    普制套装                             280000                             200元
               精致套装                                 20000                              800元
1997-2000    普制套装                             300000                             380元
        精致套装(人行版,Bank of China)       20000                             2000元
        精致套装(木盒版,wood box)                                                  2500元
   
[ 此帖被rainygufei在2010-10-15 21:11重新编辑 ]
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« Last Edit: October 23, 2010, 11:25:39 AM by poconopenn »

Offline BobW

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Re: Peoples Repulic of China Fen coins
« Reply #7 on: October 23, 2010, 04:49:01 AM »
Thank you for the very useful information.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #8 on: March 19, 2011, 04:34:30 PM »
The price of mint and proof sets have been more than double in the last six months inside China.

http://www.coin001.com/pwbbs/read.php?tid=1953



 









Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #9 on: January 09, 2012, 03:37:46 AM »
Is there anything I miss in variaties? Are there any websites or studies made on circulation coins variaties,btw?
http://www.ebay.de/itm/110802494866?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

low

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Re: Peoples Repulic of China Fen coins
« Reply #10 on: January 09, 2012, 04:00:55 AM »
That is interesting result. US408 is scary even though if it is some unknown super rare variety.

Recently there is an article about the investment potential of these fen coins, I am not sure if the buyer read the article and bid high.


Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #11 on: January 09, 2012, 05:01:49 AM »
Prices are about 10fold lower for this type of coins, and below 50 usd I buy from time to time some in MS grade. As I don`t have any info about variants, and I do think there should be lots of them, I thought it can explain. I thing I would pay maybe for 5 fen 1979 that much...

low

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Re: Peoples Repulic of China Fen coins
« Reply #12 on: January 09, 2012, 06:13:38 AM »
1979 5 fen. Cool

I read the Kings of Fen coins are 1979 5 fen, 1980 2 fen & 5 fen, 1981 1 fen & 5 fen.

Offline dooney

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Re: Peoples Repulic of China Fen coins
« Reply #13 on: January 09, 2012, 04:50:35 PM »


The 1961 2-Fen coin is rare in any grade, especially above MS60. Attached is a list of recent sales of this coin.

Harold



low

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Re: Peoples Repulic of China Fen coins
« Reply #14 on: January 09, 2012, 07:32:50 PM »
Thanks Harold.

Just asking, are there many collector of Chinese fen coins?