Author Topic: Peoples Repulic of China Fen coins  (Read 82847 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 ]
姓名:仲雨
    

« 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?

Offline dooney

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Re: Peoples Repulic of China Fen coins
« Reply #15 on: January 09, 2012, 08:02:19 PM »


Inside China there are Fen collectors. Outside China, there are very, very few. Most all of the slabbed Fen that sell on Ebay are sold to Chinese buyers.

Harold

low

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Re: Peoples Repulic of China Fen coins
« Reply #16 on: January 09, 2012, 08:07:07 PM »
Thanks Harold. That is nice.

Offline BobW

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Re: Peoples Repulic of China Fen coins
« Reply #17 on: January 09, 2012, 09:18:52 PM »
eBay presently has a pair of NGC 1961  2-Fen coins in auction. One is scratched; the other is an MS61.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #18 on: January 09, 2012, 10:39:16 PM »
Mintage rarity: 1981 1 fen; 1980 2 fen; 1979, 1980 and 1981 5 fen; 1992 1 fen and 1992 2 fen. They were packed in mint sets and not circulated, with mintages of 10,000-90,000. Usually, they can be graded MS66 or higher and the current value is about $300-$600.

Grade rarity: 1956, 1957, 1958, 1959, 1961 and 1964 1 fen; 1959, 1960, 1961, 1962, 1963, and 1964 2 fen. Very few can be graded higher than MS66 and the current value is about $500-$7,500. 1961 2 fen MS66 was sold for $7,450, 1957 1 fen MS67 for $1,250 and 1960 2 fen MS66 for $1,150 in November, 2011 inside China. 1961 1 fen MS65 was sold for $2,450 in October, 2011 inside China.

All proof fen coins (1981-1986) are very rare. The mintage of 1986 proof fen coin is 660.    

low

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Re: Peoples Repulic of China Fen coins
« Reply #19 on: January 10, 2012, 03:12:46 AM »
Hi Poconopenn,

That is very useful information.

May I ask what do you think of 1955 1 fen? Are they hard to find in MS66?

When you said sold inside China, do you mean by public auction, or dealer's shop?

Thanks.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #20 on: January 10, 2012, 03:36:14 AM »
Mintage rarity: 1981 1 fen; 1980 2 fen; 1979, 1980 and 1981 5 fen; 1992 1 fen and 1992 2 fen. They were packed in mint sets and not circulated, with mintages of 10,000-90,000. Usually, they can be graded MS66 or higher and the current value is about $300-$600.

Grade rarity: 1956, 1957, 1958, 1959, 1961 and 1964 1 fen; 1959, 1960, 1961, 1962, 1963, and 1964 2 fen. Very few can be graded higher than MS66 and the current value is about $500-$7,500. 1961 2 fen MS66 was sold for $7,450, 1957 1 fen MS67 for $1,250 and 1960 2 fen MS66 for $1,150 in November, 2011 inside China. 1961 1 fen MS65 was sold for $2,450 in October, 2011 inside China.

All proof fen coins (1981-1986) are very rare. The mintage of 1986 proof fen coin is 660.   
That`s awesome prices. It seems when I decide to collect some issue, it goes up in prices just before I decide to buy it. Fortunatelly, I don`t mind grade value.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #21 on: January 10, 2012, 03:30:49 PM »
Hi Poconopenn,

May I ask what do you think of 1955 1 fen? Are they hard to find in MS66?

When you said sold inside China, do you mean by public auction, or dealer's shop?

Thanks.

1955 1 fen is considered as a key date, but based on PCGS population report, IMO, it may not be the case. MS65-67 is about the average grade coin from the original bank roll. To my knowledge, there are no bank roll available for pre-1970 fen coin, except 1956 2 fen and 5 fen. The PCGS POP report for 1955 1 fen shows 26 MS65, 49 MS66, 31 MS67, 8 MS68 and 1 MS69. Current fair value for MS66 is about $140-160.

Here are three recent auctions inside China:

1963 2 fen MS65: RMB11,000 ($1,750) Auction ended on 1/4/2012.

http://www.coin001.com/read.php?tid=8998&fpage=2

1959 1 fen MS66: RMB3,500 ($555) Auction ended on 12/15/2011

http://www.coin001.com/read.php?tid=7984&fpage=7

1960 2 fen MS66 RMB7,000 ($1,120) Auction ended on 11/29/2011

http://www.coin001.com/read.php?tid=7801&fpage=8

low

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Re: Peoples Repulic of China Fen coins
« Reply #22 on: January 11, 2012, 02:21:31 AM »
Many thanks Poconopenn.

If you don't mind me asking, what do you think are the better years for 5 fen besides 1979 - 1981?

Offline r3globe

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Re: Peoples Repulic of China Fen coins
« Reply #23 on: January 11, 2012, 03:32:31 PM »
Great topic! Poconopenn, what do you think of the Fens in the 6-coin Coin sets of all nations? They have uncirculated 1991 1 Fen, 1988 2 Fen, & 1991 5 Fen (& 1992 Jiao,1995 5 Jiao, 1994 yuan). The set can be had for less than $20. Any value there?

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #24 on: January 11, 2012, 11:34:06 PM »
Many thanks Poconopenn.

If you don't mind me asking, what do you think are the better years for 5 fen besides 1979 - 1981?

Here is the order of rarity (pre-1980 only) for 5 fen series:

1957, 1955, 1956(large star), 1956(small star), 1974, 1976. There is no 5 fen issued between 1958 and 1973, 1975, 1977 and 1978.


Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #25 on: January 11, 2012, 11:57:52 PM »
Great topic! Poconopenn, what do you think of the Fens in the 6-coin Coin sets of all nations? They have uncirculated 1991 1 Fen, 1988 2 Fen, & 1991 5 Fen (& 1992 Jiao,1995 5 Jiao, 1994 yuan). The set can be had for less than $20. Any value there?

The set mentioned should be about $12-$15. The coin set of all nation, packed by Franklin Mint, alway has very high grade coins in the package. In this set, three fen coins are common date and the value will be $1 for each coin. The Jiao and Yuan coins were only issued as mint sets. The value of Jiao depends on the condition of the coin. They are made with Cu-Ni and can be corroded easily. Very few Jiao coin can be graded higher than MS66. For average grade (CH. BU), these three coins will be about $10-$12.     

Offline BobW

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Re: Peoples Repulic of China Fen coins
« Reply #26 on: January 12, 2012, 12:12:40 AM »
Thanks for the rarity information on the 5 fen coins and the existence of large star/small star varities for the 1956.

Are there any varities for the Fen and 2 Fen coins?

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #27 on: January 12, 2012, 07:51:24 AM »
It would be really great if PRC starts selling official mint sets in bu and PROOF quality again. I like to have coins in my collection opened and all places in cassette filled. On the other hand, I like also to have one collection of circulating coins in the folder, it says a lot about the year of emission a lot and after years becomes some sort of a historical document.
Does anyone knows if there are any rumors about the plans of mint or central bank about this issue?

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #28 on: January 18, 2012, 02:13:15 PM »
Thanks for the rarity information on the 5 fen coins and the existence of large star/small star varities for the 1956.

Are there any varities for the Fen and 2 Fen coins?

There are varities in 1976 and 1979 for 1 fen series. To my knowledge, there is no varity for 2 fen series.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #29 on: January 18, 2012, 02:28:16 PM »
Does anyone knows if there are any rumors about the plans of mint or central bank about this issue?

2000 is the last year for 2 and 5 fen sereis. There is rumor that 2011 may be the last year for 1 fen. IMO, China Mint is not going to issue any mint or proof sets for circulated fen coins. The cost of producing fen coin is more than its face value, similar to US cent, about 1.4 cent for penny.

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #30 on: January 23, 2012, 10:00:25 PM »
Hi,
What is the value in US Dollars of a China 1992 Mint Set (6 Coins) in China ?
What do you think the actual mintage of these China 1992 Mint Sets was ?
Are all 1 2 and 5 Fen coins in these China 1992 Mint Sets rare ?
Thanks -- Paul

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #31 on: April 16, 2012, 09:14:01 AM »
Hi,
What is the value in US Dollars of a China 1992 Mint Set (6 Coins) in China ?
What do you think the actual mintage of these China 1992 Mint Sets was ?
Are all 1 2 and 5 Fen coins in these China 1992 Mint Sets rare ?
Thanks -- Paul
It is quite a lot of time fr4om your question. But better later then never. You can buy 1992 set for cca 200$ bunc quality and 160$ for PROOF version. Selling price is about 20% lower or so.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #32 on: April 16, 2012, 09:17:38 AM »
There are varities in 1976 and 1979 for 1 fen series. To my knowledge, there is no varity for 2 fen series.
2000 is the last year for 2 and 5 fen sereis. There is rumor that 2011 may be the last year for 1 fen. IMO, China Mint is not going to issue any mint or proof sets for circulated fen coins. The cost of producing fen coin is more than its face value, similar to US cent, about 1.4 cent for penny.
Hi I am interested in fen coins you are selling on ebay, but the shipping costs are too high. What is hte price for registered letter.
I am ready to buy coins via this forum, no need for ebay if you want. If you have any other fen jiao coins for sale, please, PM me

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #33 on: April 24, 2012, 05:44:49 PM »
There are varities in 1976 and 1979 for 1 fen series. To my knowledge, there is no varity for 2 fen series.
Can anybody explain how to distinguish 1979 1 fen varieties. Is it a varities of the different mints?

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #34 on: May 04, 2012, 04:32:09 AM »
http://www.ebay.de/itm/251048630960?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

As I understand there are no 1 yuan unc coins in 1982, so this should be PROOF quality, shouldn`t it?

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #35 on: May 29, 2012, 06:05:57 AM »
http://www.ebay.de/itm/280878667970?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649

 I won the coin above.
I have a question about NCS and NGC grade for it. Can it get MSxx grade  after NCS servise?

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #36 on: May 29, 2012, 02:34:13 PM »
The dark spots may be sticky material and can be removed easily with acetone. You can soak coin in "baby oil"  (mineral oil) overnight to soften the tacky materail, then wash with acetone. 1962 2 fen is a key date and it is difficulty to find in UNC condition.  This coin is in AU/+ condition.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #37 on: May 30, 2012, 03:54:57 AM »
The dark spots may be sticky material and can be removed easily with acetone. You can soak coin in "baby oil"  (mineral oil) overnight to soften the tacky materail, then wash with acetone. 1962 2 fen is a key date and it is difficulty to find in UNC condition.  This coin is in AU/+ condition.
Hello, thanks for advice, after I receave the coin, will see if it needs to be cleaned. I consider it my best buy in last two years, to get  pre 1970 1 and 2 fen in good condition is really challenging and I am still missing some key dates in au quality.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #38 on: June 07, 2012, 07:01:14 AM »
The dark spots may be sticky material and can be removed easily with acetone. You can soak coin in "baby oil"  (mineral oil) overnight to soften the tacky materail, then wash with acetone. 1962 2 fen is a key date and it is difficulty to find in UNC condition.  This coin is in AU/+ condition.
Hello,
finally the condition of the coin was not that great so I will not try to clean it, i have a little better one in my collection. Sometimes the pics are better then coin in real and fortunatelly sometimes it is opposite on ebay.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #39 on: September 11, 2012, 05:29:45 AM »
Bob,

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

Gregg
Gregg, good work with the site,
I just wondering about 1 fen mint in 1974, it seems to me, that Shanghai minted were in 1974 and not in 1973, is that true.
Very helpful info on how to distinguish the mints, btw

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #40 on: September 11, 2012, 05:36:27 AM »
There are varities in 1976 and 1979 for 1 fen series. To my knowledge, there is no varity for 2 fen series.
Hi poconopenn,
one more question. Could you post pics of 1 fen 1976 varieties or tell how to distinguish it.
And second question about 1979 1 fen coin, is it mint varieties9 circulating and mint se3t coins are from different mints), or  are there any other varieties? Thanks a lot for your valuable knowledge and sharing. I became a great fan of those small alu coins.
Is  a 100 $ I paid for 5 fen 1980 a good price or did I overpaid?

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #41 on: September 11, 2012, 05:41:51 AM »
And after refreshing this old topic I wanted to remind that the prices for NGC graded coins recently declined quite a bit, so I still have the chance to get older coins in unc quality.
I was also wondering why the price for the 2000 set is so much higher then other 1990th sets. Is it due to the fact that it is last set, millenium year, or due to old look of 1 yuan coin that is not even mentioned in Krause catalog?

low

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Re: Peoples Repulic of China Fen coins
« Reply #42 on: September 11, 2012, 07:17:13 AM »
Can anybody explain how to distinguish 1979 1 fen varieties. Is it a varities of the different mints?

http://blog.sina.com.cn/s/blog_696fb3eb0100vr6z.html

While not a 1979 1 Fen, the first 2 varieties are the same for 1979 1 Fen.

First type usually minted by Shanghai Mint and the second type usually minted by Shenyang Mint.

And after refreshing this old topic I wanted to remind that the prices for NGC graded coins recently declined quite a bit, so I still have the chance to get older coins in unc quality.
I was also wondering why the price for the 2000 set is so much higher then other 1990th sets. Is it due to the fact that it is last set, millenium year, or due to old look of 1 yuan coin that is not even mentioned in Krause catalog?

The 2000 mint set is key to complete the 3rd series circulation coin. The 2 & 5 Fen are scarce. The 1 Jiao and 1 Yuan can only be found in the mint set, with low mintage of 320000 (inclusive of 20000 of proof set)

I read many of the 2000 proof set were water stained due to flood.

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Re: Peoples Repulic of China Fen coins
« Reply #43 on: September 11, 2012, 09:40:29 AM »
http://blog.sina.com.cn/s/blog_696fb3eb0100vr6z.html

While not a 1979 1 Fen, the first 2 varieties are the same for 1979 1 Fen.

First type usually minted by Shanghai Mint and the second type usually minted by Shenyang Mint.

The 2000 mint set is key to complete the 3rd series circulation coin. The 2 & 5 Fen are scarce. The 1 Jiao and 1 Yuan can only be found in the mint set, with low mintage of 320000 (inclusive of 20000 of proof set)

I read many of the 2000 proof set were water stained due to flood.
Many thanks for the link, Pity that it is in google translator not everything is clear, but now I see that the price list on coins001 mentiones 1fen 1979 Shanghai and Shenyang varieties. And 1972 and 1978 1 fen are different , smth like mixed variety.
So in total there is 103 coins by years and 12 coins as recognized varieties.
It was interesting to know about 2000 sets, it might be true.
But still, I cannot understand some of the varieties and 1 fen 1976 is one I would like to know, any help will appreciate.

low

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Re: Peoples Repulic of China Fen coins
« Reply #44 on: September 12, 2012, 02:47:02 AM »
For the Fen coins, there really are only 3 major varieties (Mint) for the first series.

Some don't consider the 1956 5 Fen big/small star a variety but that is different matter.

I do not know there is varieties found for 1976 1 Fen.

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Re: Peoples Repulic of China Fen coins
« Reply #45 on: September 12, 2012, 04:19:42 AM »
For the Fen coins, there really are only 3 major varieties (Mint) for the first series.

Some don't consider the 1956 5 Fen big/small star a variety but that is different matter.

I do not know there is varieties found for 1976 1 Fen.

Yes I counted all varieties from the site you posted (btw, the best and most informative article I have ever found, so I spent whole day yesterday trying to read and understand translated version. And studied all coins I have and it is really easy to distinquish all three varieties.

In price list for fen coins on coin001.com there is two lines for 1 fen 1976 and different letters than for mint varieties mentioned.
« Last Edit: September 12, 2012, 04:52:39 AM by aragog »

low

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Re: Peoples Repulic of China Fen coins
« Reply #46 on: September 12, 2012, 04:24:40 AM »
Now I remembered there is an article about the 1976 1 fen you mentioned.

I will find and post the link here.

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Re: Peoples Repulic of China Fen coins
« Reply #47 on: September 12, 2012, 09:49:11 AM »
http://s7.sinaimg.cn/middle/757a6f7fhb30434037926&690

The coin in the right is called "月牙版" (moon shape) as shown in the red circle. It is not considered a variety by China collector but 趣味币 (interesting coin).

1976 1 Fen mint roll is seldom seen and as such, a scarce coin in high grade.

http://blog.sina.com.cn/s/blog_757a6f7f0100v6iv.html


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Re: Peoples Repulic of China Fen coins
« Reply #48 on: September 12, 2012, 11:10:09 AM »
http://s7.sinaimg.cn/middle/757a6f7fhb30434037926&690

The coin in the right is called "月牙版" (moon shape) as shown in the red circle. It is not considered a variety by China collector but 趣味币 (interesting coin).

1976 1 Fen mint roll is seldom seen and as such, a scarce coin in high grade.

http://blog.sina.com.cn/s/blog_757a6f7f0100v6iv.html


low, that is the lot of info I was seeking for quite a long. Many thanks for this and other links, Now I understand fen coins more. And some prices for sets now make more sense for me.
Great work!!!!!!!

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Re: Peoples Repulic of China Fen coins
« Reply #49 on: September 13, 2012, 08:41:06 AM »
http://s7.sinaimg.cn/middle/757a6f7fhb30434037926&690

The coin in the right is called "月牙版" (moon shape) as shown in the red circle. It is not considered a variety by China collector but 趣味币 (interesting coin).

1976 1 Fen mint roll is seldom seen and as such, a scarce coin in high grade.

http://blog.sina.com.cn/s/blog_757a6f7f0100v6iv.html


This 1976 1 fen coin is interesting indeed. But it cannot be considered a variety, it seems to be a nice form of a crescent die damage. And according to the prices it is not uncommon in PRC, but to get it in europe might be a challange. I like coins with die breaks and got two (thanks poconopenn)5 fen unc coins with a small die breaks.

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Re: Peoples Repulic of China Fen coins
« Reply #50 on: September 15, 2012, 04:10:06 PM »
The latest information: 1956 5 fen has three versions.

Large stars, small date
Small stars, small date
Small stars, large date

The attached pictures were taken from the following link:

http://www.coin001.com/read.php?tid=9710&page=1

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Re: Peoples Repulic of China Fen coins
« Reply #51 on: September 17, 2012, 03:33:59 AM »
yes, it was obvious from the blog, shared by low, though it did not state it, but from the pics I saw different date relief depth, to say it correctly. And two variants seem to be quite common as from two small star circulation coins I have, one is small date and second large date. In large date the stars are a little larger too and there are some other differences as well

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Re: Peoples Repulic of China Fen coins
« Reply #52 on: November 28, 2012, 05:30:22 AM »
Hello I am new to this forum so I apologize if responding on quite an old thread is not the done thing.

I have an option to buy 3 1983 proof fen coins and I was interested to see poconopenn's comment that these are rare. These are 1, 2 and 5 fen proof coins.What I would love to know is an idea of the value of these coins so I can decide whether to buy or not.

Any advice would be greatly appreciated. Cheers, darge.

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Re: Peoples Repulic of China Fen coins
« Reply #53 on: November 28, 2012, 09:22:42 AM »
poconopenn will write you the market price, As for me, from 1983 only 5 fen PROOF is the different Mint variant than general coins and will be of higher value. Anyway, all other are also valued more then unc coins. I personally would pay for three coins about   max 120-140 $ (about 80-100 $ for 5 fen only). Half of that price would be a bargain.

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Re: Peoples Repulic of China Fen coins
« Reply #54 on: November 28, 2012, 06:26:19 PM »
Thank you Aragog that is exactly what I needed, I would have paid too much.

I also see that poconopenn had already supplied value estimates earlier in the thread.

Thanks very much to both of you. Regards, bruce.

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Re: Peoples Repulic of China Fen coins
« Reply #55 on: January 29, 2013, 05:03:21 PM »
I have just checked NGC and PCGS databases and now no wonder why the prices for high grade fen coins went down so much.
Still, I consider those a jewelry of MCC colection, and was unfortunatelly second high bidder for a nice 1 fens 1961 and a 2 fen 1963. I was a little suspicious as those were sold in a mix with general fens, so did not go higher with offers. But in 2012 there were lots of new coins graded, some quite high, even for a rare 1961 year after  poor years and the famine in 1959-1960.
Now coins that went for $5000 and more are not unique in high grades and it will take years and years to get those prices again.
"Five Kings" coins, on the other side, are quite hard to get and are stable in their price. I still miss 3 of them, but 100 of others are already in my small collection.
I wanted to ask if anybody could confirm that fen coins are already history and are not minted anymore?

I met  chinese girl on one of the seminars, I attended recently, and tried to get her help to purchase the new book on circulation coins. She was really surprised that there are coins still in circulation in PRC and said that she has not seen any for long time :-))

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Re: Peoples Repulic of China Fen coins
« Reply #56 on: January 30, 2013, 11:44:34 AM »
Hi everyone:

New, clueless guy here. I've read all your posts and think I need to get in on them. I'm not a collector or investor, but recently inherited one of those "Coin Sets of All Nations" issued by the Franklin Mint in the early 1980s. I don't think they are "proofs" (not entirely sure what a proof is, but I don't think these qualify), but I do know that they are uncirculated and sealed in a blister pack. I know very little about coins, but my research is leading me to believe my set from China may have a winner in it; it contains a 1981 5 Fen coin. I've seen some mention of it on other boards.

Here is the complete list of all the coins in my set:

1981 5 Fen
1982 2 Fen
1982 1 Fen
1981 5 Jiao
1981 5 Jiao
1981 1 Jiao
1981 1 Yuan

Can anyone tell me a little about what I have? Am I sitting on some real value? Again, I'm not a dealer or investor, so I'm just looking to sell them.

Also, is eBay my best bet for selling them? I think I've seen auctions where sets like mine (that include the 1981 5 fen) have sold for $750 - $1200. Are my eyes deceiving me?

I've read that most buyers are in China, so I can't easily post an auction in Chinese in order to appeal to those who don't read English. Any other suggestions?

Thanks!

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Re: Peoples Repulic of China Fen coins
« Reply #57 on: January 30, 2013, 11:33:01 PM »
I wanted to ask if anybody could confirm that fen coins are already history and are not minted anymore?


Fen coins are no longer minted after 2011. However, they are still in circulation.

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Re: Peoples Repulic of China Fen coins
« Reply #58 on: January 30, 2013, 11:41:48 PM »
Hi everyone:

New, clueless guy here. I've read all your posts and think I need to get in on them. I'm not a collector or investor, but recently inherited one of those "Coin Sets of All Nations" issued by the Franklin Mint in the early 1980s. I don't think they are "proofs" (not entirely sure what a proof is, but I don't think these qualify), but I do know that they are uncirculated and sealed in a blister pack. I know very little about coins, but my research is leading me to believe my set from China may have a winner in it; it contains a 1981 5 Fen coin. I've seen some mention of it on other boards.

Here is the complete list of all the coins in my set:

1981 5 Fen
1982 2 Fen
1982 1 Fen
1981 5 Jiao
1981 5 Jiao
1981 1 Jiao
1981 1 Yuan

Can anyone tell me a little about what I have? Am I sitting on some real value? Again, I'm not a dealer or investor, so I'm just looking to sell them.

Also, is eBay my best bet for selling them? I think I've seen auctions where sets like mine (that include the 1981 5 fen) have sold for $750 - $1200. Are my eyes deceiving me?

I've read that most buyers are in China, so I can't easily post an auction in Chinese in order to appeal to those who don't read English. Any other suggestions?

Thanks!

Welcome to the forum.

Please post picture. The price $750-$1,200 is for proof set. 1981 5 fen is a key date. The value of this coin will be about $250-$400, depending on the condition.

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Re: Peoples Repulic of China Fen coins
« Reply #59 on: January 31, 2013, 05:45:00 PM »
The latest information: 1956 5 fen has three versions.

Large stars, small date
Small stars, small date
Small stars, large date

The attached pictures were taken from the following link:

http://www.coin001.com/read.php?tid=9710&page=1

Poconopenn and others:

I reviewed the original link (briefly)....and didn't see a reference.

Does anyone know if these were produced at different mints?

If so, which is which?

TIA.

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Re: Peoples Repulic of China Fen coins
« Reply #60 on: January 31, 2013, 10:34:50 PM »
All pre-1971 fen coins were minted at Shenyang.

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Re: Peoples Repulic of China Fen coins
« Reply #61 on: February 01, 2013, 12:00:11 AM »
All pre-1971 fen coins were minted at Shenyang.

Makes sense, the other denominations as well I assume?

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Re: Peoples Repulic of China Fen coins
« Reply #62 on: February 01, 2013, 08:18:56 AM »
Hi everyone:

New, clueless guy here. I've read all your posts and think I need to get in on them. I'm not a collector or investor, but recently inherited one of those "Coin Sets of All Nations" issued by the Franklin Mint in the early 1980s. I don't think they are "proofs" (not entirely sure what a proof is, but I don't think these qualify), but I do know that they are uncirculated and sealed in a blister pack. I know very little about coins, but my research is leading me to believe my set from China may have a winner in it; it contains a 1981 5 Fen coin. I've seen some mention of it on other boards.

Here is the complete list of all the coins in my set:

1981 5 Fen
1982 2 Fen
1982 1 Fen
1981 5 Jiao
1981 5 Jiao
1981 1 Jiao
1981 1 Yuan

Can anyone tell me a little about what I have? Am I sitting on some real value? Again, I'm not a dealer or investor, so I'm just looking to sell them.

Also, is eBay my best bet for selling them? I think I've seen auctions where sets like mine (that include the 1981 5 fen) have sold for $750 - $1200. Are my eyes deceiving me?

I've read that most buyers are in China, so I can't easily post an auction in Chinese in order to appeal to those who don't read English. Any other suggestions?

Thanks!
This is a winner indeed, with 5 fen 1982 your set would be worth about $50-70 (is there 2 jiao coin or two 5 jiao?)
With this 5 fen 1981 it will get high premium as poconopenn said. It depends if 5 fen is PROOF or unc. unc  1981 seems to be even more rare than PROOF.
I actually have not seen a single mint set 1981 unc selling last two years outside of PRC 

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Re: Peoples Repulic of China Fen coins
« Reply #63 on: February 09, 2013, 03:52:10 AM »
FYI,

PCGS will now recognize these.  (1956 5 fen varieties)  If you have a small stars "large date", send one in please.

I'd like a photo.

Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #64 on: February 09, 2013, 11:22:54 AM »
Mine are just whatever plucked out of circulation.  It looks like "Large date", but is it "small star"?

BTW, direct oblique morning sun sure brings out all nicks and dings

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Re: Peoples Repulic of China Fen coins
« Reply #65 on: February 09, 2013, 01:54:20 PM »
Off top of my head, looks like small stars.

Personally, I much prefer your piece to the unc ones I've been seeing.
Character counts!

It was confusing to people to reference the date, thus they are described as below:

Large stars

Small stars

Bold Date

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Re: Peoples Repulic of China Fen coins
« Reply #66 on: February 09, 2013, 03:25:05 PM »
Mine are just whatever plucked out of circulation.  It looks like "Large date", but is it "small star"?

BTW, direct oblique morning sun sure brings out all nicks and dings

This is a small star/bold date.

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Re: Peoples Repulic of China Fen coins
« Reply #67 on: February 09, 2013, 10:21:39 PM »


FAIL.

Thanks for pointing that out poconopenn.  I just looked at the characters and failed to look at the date.  Duh.

I want someone to send in a Bold Date, I havent seen one in the flesh yet.    N2

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Re: Peoples Repulic of China Fen coins
« Reply #68 on: February 10, 2013, 10:57:02 AM »
Not the best pics,
but from top to the bottom:
1.small stars/thin small date
2. small stars /bold date
3. large stars

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Re: Peoples Repulic of China Fen coins
« Reply #69 on: February 10, 2013, 11:08:24 AM »
I am looking forward how many new varieties will be found in the future

Offline Gilmore

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Re: Peoples Repulic of China Fen coins
« Reply #70 on: March 23, 2014, 09:31:45 AM »

1961 2 fen MS66 was sold for $7,450, 1957 1 fen MS67 for $1,250 and 1960 2 fen MS66 for $1,150 in November, 2011 inside China.



The 1961 2 Fen MS66 was sold for RMB6572 ($1055)  2014-02-18.
http://www.zhaoonline.com/zhongguoliutongjinianbi/2531938.shtml

Another one was sold for RMB3392 ($545) on 2014-03-22, 50% less than the previous month before.
http://www.zhaoonline.com/zhongguoliutongjinianbi/2585528.shtml


From $7450 down to $545 in 2.5 years. What a nose dive  :scared: 
Was the $7450 sale a one time event and a momentary spike in price, or are there more sale records with similar prices around the same period of time? 


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Re: Peoples Repulic of China Fen coins
« Reply #71 on: March 23, 2014, 01:40:06 PM »

The 1961 2 Fen MS66 was sold for RMB6572 ($1055)  2014-02-18.
http://www.zhaoonline.com/zhongguoliutongjinianbi/2531938.shtml

Another one was sold for RMB3392 ($545) on 2014-03-22, 50% less than the previous month before.
http://www.zhaoonline.com/zhongguoliutongjinianbi/2585528.shtml


From $7450 down to $545 in 2.5 years. What a nose dive  :scared: 
Was the $7450 sale a one time event and a momentary spike in price, or are there more sale records with similar prices around the same period of time? 



The circulated fen coin market was not considered to be mature market in 2011 and was controlled by few dealers. Apparently, there were original bank rolls of 1961 2 fen, 1957 1 fen and 1960 2 fen shown  up in the market place during last 18 months. Consequently, the price of  high grade,  MS65 and better, has come down siginificantly. When I started to collect fen coin in earlier 2000, 1955 1 fen was considered to be the key date. Now, it is just a semi-key date. Currently, the high grade of 1958 1 fen, 1959 2 fen and 1963 2 fen are the toughest dates to find.

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Re: Peoples Repulic of China Fen coins
« Reply #72 on: March 25, 2014, 08:08:11 AM »
The circulated fen coin market was not considered to be mature market in 2011 and was controlled by few dealers.

What about now? Do you think it is a good time to buy the high grades? With NGC and PCGS having offices in China more and more coins are being graded and grade rarity may change significantly. What's rare today may become common tomorrow like the above 1961 2F MS66 coin. I started picking up coins but the potential risk prevents me from getting too deep. At the past few months I've been focusing mostly on (and actually more comfortable with) buying high grade proof fen coins knowing that supply is limited due to much lower mintage.

I appreciate your input.

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Re: Peoples Repulic of China Fen coins
« Reply #73 on: March 26, 2014, 03:05:20 PM »
What about now? Do you think it is a good time to buy the high grades? With NGC and PCGS having offices in China more and more coins are being graded and grade rarity may change significantly. What's rare today may become common tomorrow like the above 1961 2F MS66 coin. I started picking up coins but the potential risk prevents me from getting too deep. At the past few months I've been focusing mostly on (and actually more comfortable with) buying high grade proof fen coins knowing that supply is limited due to much lower mintage.

I appreciate your input.

NGC and PCGS did not grade fen coin until 2010. There were not too many fen coins graded higher than MS65 in 2011. Many key dates had few coins graded higher than MS66, therefore, the price of those top grade key dates was pushed up by collectors to an unsustainable valuation. The high valuation also provides an incentive for collectors to submit their coins from original bank roll to grading service companies. The average grade for coin from original bank roll is about MS66. Here are some examples of the changes in NGC population report in two years.

NGC population report 6/7/2011

Date   Total graded   MS65   MS66   MS67   MS68
1960 2 fen   17   7   0   0   0
1962 2 fen   4   0   0   0   0
1964 2 fen   13   3   2   1   1

NGC population report 3/26/2012

Date   Total graded   MS65   MS66   MS67   MS68
1960 2 fen   79   17   16   5   0
1961 2 fen   52   13   6   3   0
1964 2 fen   90   18   20   3   1

NGC population report 3/24/2014

Date   Total graded   MS65   MS66   MS67   MS68
1960 2 fen   265   40   102   52   0
1961 2 fen   215   28   20   3   0
1964 2 fen   439   62   96   111   98

The collector base inside China also has expanded significantly during last two years. I do believe that the valuation changed during last two years is health and in the right direction to become a mature market shortly.

The proof fen coin market, IMO, has been quite stable since 2012. The mintage is well-known. The chance of decreasing in valuation is limited.
« Last Edit: March 26, 2014, 03:41:46 PM by poconopenn »

Offline Gilmore

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Re: Peoples Repulic of China Fen coins
« Reply #74 on: March 27, 2014, 09:48:56 PM »
Poconopenn,
Now the picture is much clearer thanks to the information you provided. I had no idea that the fen coins were accepted by the grading companies in 2010 for the first time. This important fact, combined with the historical population reports that show substantial growth in population over relatively short period of time, explain very well why prices have dropped so much in the past couple of years.

I'll start expanding my search for the higher grades of all fen coins, not only the proofs, from now on.
Thank you.

Offline dennisma77

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Re: Peoples Repulic of China Fen coins
« Reply #75 on: June 04, 2014, 02:00:26 PM »
fen coin is now very popular...

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Re: Peoples Repulic of China Fen coins
« Reply #76 on: December 06, 2014, 10:02:44 AM »
Hi,
I have a 2013 1 Fen Coin -- so clearly the 1 Fen Coin has been minted up 2013.
Does anyone know whether any 1 Fen Coins were minted in 2014 ?

Also is it still the case that no 2 Fen or 5 Fen Coins have been minted since 2000 ?

Also does anyone know the NGC and/or PCGS population numbers for the different grades for each of the Six Coins in the 2000 China PROOF Set ?

Best wishes.
Sequoia


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Re: Peoples Repulic of China Fen coins
« Reply #77 on: December 06, 2014, 11:27:51 AM »
Also does anyone know the NGC and/or PCGS population numbers for the different grades for each of the Six Coins in the 2000 China PROOF Set ?

Best wishes.
Sequoia

Hi Sequoia,

This topic is admittedly outside my area of expertise, but I might be able to provide you with a quick response to point you in the right direction.  Try the following link to NGC's website.

http://www.ngccoin.com/coin-census/world/china-cid-5

When you click on the data for FEN (or the other denominations), you see info that may be what you are looking for.  

For instance, for FEN http://www.ngccoin.com/coin-census/world/china-cid-5/china-peoples-republic-scid-77/denom-fen-yearmint-all-base

I've included a screen grab.  It looks like for the 2000 Proof FEN, the top grade appears to be PF69 at the moment and there a not many.

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #78 on: December 12, 2014, 08:03:06 PM »
Birdman,
Thank you very much for your reply.
I have been away from home for a week -- so sorry for the delay in responding.
now I am back I will have a good look at what you have provided.
Best wishes.
Sequoia

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #79 on: January 01, 2015, 08:19:22 PM »
Hello everyone. I am new to this forum, but I have been collecting PRC coins for some time now and I have a few questions. Different sources give differing information as to the dates of some of the later Fen coins that were struck for circulation. Some references suggest that all 1, 2 and 5 Fen coins from 1992 to 2000 were available only in mint or proof sets, whereas other sources indicate that the 1 and 5 Fen coins may have been struck for circulation for the years 1997 through 2000.

I actually have a couple of examples of 1 Fen coins dated 2000 that most definitely appear to be circulation strikes (one obtained from a dealer in the US and the other obtained from a dealer in France). Therefore, I am inclined to think that at least that one date in the 1 Fen denomination actually WAS struck for circulation. If anyone could enlighten me as to which denominations from 1992 to 2000 were actually struck for circulation, I would be most grateful.

Thanks,
David

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Re: Peoples Repulic of China Fen coins
« Reply #80 on: January 01, 2015, 09:01:07 PM »
Actually, let me make a correction to my above post. I know that the 1992 5 Fen coin was also a circulation strike, although the 1 and 2 Fen denominations were issued in proof & mint sets only. I actually meant to say the coins struck between 1993 and 2000, but hit the wrong number instead.

Incidentally, just to let everyone know, I have a complete collection of all of the circulation strike dates for the 1, 2 and 5 Fen denominations, although a few of the earlier 1 & 2 Fen coins (4 to be exact) need upgrading to uncirculated. I also have the elusive 3 Fen from 1979, which I removed from the 3 denomination mint set many years ago. I also still have the medallion that came with the set, but I can't find the original blue holder the coins came in (but I'm hoping I didn't throw it away).

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #81 on: January 02, 2015, 02:10:37 AM »
OK, let me now correct my correction. I meant to say that I have the elusive 5 Fen coin dated 1979 (not a 3 Fen coin, which obviously doesn't exist). Also, just to be clear, I have all of the circulation strikes in the 1, 2 and 5 Fen denominations, which does NOT include the ones made for proof or mint sets only (with the exception of the 1979 5 Fen coin mentioned previously).

I am also trying to find out more information on the Jiao and Yuan coins issued for the years 1980, 1983 and 1984. Supposedly these were all circulation strikes (along with the proof sets), but the only thing I have managed to find for those years is the proof and/or mint sets. I have the 1, 2, & 5 Jiao and the 1 Yuan dated 1981 and the 1 & 5 Jiao and the 1 Yuan dated 1985, along with a full 1982 proof set, but I am missing all of the Jiao and Yuan coins dated 1980, 1983, 1984 and 1986 (plus the 1985 2 Jiao, which was only issued in proof sets). I know the 1986 set is in proof only and is extremely rare, but I was hoping I could find the 1980, 1983 and 1984 issues for a reasonable price.

So, if anyone knows the actual rarity and/or value of these coins, along with possible availability, please let me know.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #82 on: January 02, 2015, 04:37:05 AM »
Hi,
nice to hear that someone is at the same situation as me. Fen Alu coins are my passion.
And I also miss some information on the early circulation coins.
I have purchased a book on circulation coins but it is in chinese, so need to learn language first to understand things.
Krause makes some mistakes as in all other sections.
But I believe, that all but 5f1992 fen coins from 1992-2000 come from sets only.
I love 1979 coin set ( interestingly 1 fen from the set is also valuable as it comes from a different mint. If you do not collect variants we can exchange - I have some 1980 in doubles, single coins, as well as in black and blue holders.
1980 fen coins seem to come from sets only, but 5 fen I suspect was minted additionally as it is often can be seem in numis cards.
1981 year can be found from circulation, but I never saw a bu set in red folder for sale in europe. 1982 year seems to be only in PROOF sets (jiao and yuan coins), but fen coins were struck for circulation, 1983 is the most strange year, as I think there are some coins jiao and yuan meant for circulation  in unc condition, not only PROOF sets, fen coins can be found easily in unc condition. There are no sets in bu for 1983. Proof sets from 1984 are from two mints and at least for fen coins, those seem to be even rarer than 1985 PROOF set.
And 1986 set can be spotted once or twice a year for about $16000.
I have black or blue set for offer at cca 500 euro or single coins for 350 euro.
Set 1983 in PROOF you can buy for cca 550-600 euro and set 1984 simpler mint for about 1100 euro, I do not have those sets yet.

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #83 on: January 02, 2015, 09:00:43 AM »
Hi,
My friend in China told me some time ago that all 1 Fen,2 Fen and 5 Fen Coins for all years 1992 to 2000 were only issued in sets except for :-
1992 5 Fen --- Was issued for Circulation
2000 1 Fen --- Was issued for Circulation

He also told me that the 2000 1 Jiao and the 2000 1 Yuan were only issued in Sets.
Best wishes.
Sequoia

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #84 on: January 02, 2015, 09:37:17 AM »

He also told me that the 2000 1 Jiao and the 2000 1 Yuan were only issued in Sets.
Best wishes.
Sequoia
True, but only the  old design, and a new one was minted for circulation in large numbers.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #85 on: January 02, 2015, 12:05:30 PM »
I have all the information you guys need in English. It is from the circulating coin catalog that Sun Keqin will publish in the next couple of months. But I need to get his approval to release it before the catalog is officially published. I don't think it is problem, though.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #86 on: January 02, 2015, 04:28:20 PM »
Thanks everyone for your rapid replies to my questions. Your answers pretty much confirmed what I already suspected, but it always helps to get opinions and information from other collectors.

Now, to reply to each poster individually:

aragog – Thanks for the offer to sell me the sets you mentioned. Unfortunately, my finances are not such that I can afford them at this time, but if for some reason that happens to change, I will be in touch.

Sequoia – I was already certain about the 1992 5 Fen being issued for circulation, and considering tat I have a couple of 2000 1 Fen coins in normal uncirculated condition (i.e. NOT from either a mint or proof set), I was fairly certain that it too was issued in circulation quantities. However, I wasn’t quite sure about the others (especially the 1 & 5 Fen coins from 1997-2000). Every source indicates that all of the 1993 through 1996 issues in all three denominations are listed as in sets only but some references indicate that the 1997-2000 issues in 1 & 5 Fen were issued for circulation. Obviously, they are mistaken. It reminds me of the 1975 5 Fen coin that doesn’t exist, but that Krause keeps listing anyway. Maybe one day they will wise up and drop it from their listings.

fwang2450 – I would look forward to seeing the information you mentioned. Also, I wouldn’t mind acquiring a copy of the book when it is published, so keep us all informed as to when it is released and the title, along with any other info that will allow us all to find it when it becomes available.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #87 on: January 02, 2015, 04:37:50 PM »
P.S. When I bought both the 1979 mint set and the 1982 proof set many years ago, they were quite cheap. I paid less than $10.00 each for them. I only wish that I had been more persistent at the time in finding the other sets (especially the 1986 proof set). Unless I hit the lottery or something, I will have to be satisfied with merely collecting the issues that were actually issued for circulation. Of course, as I mentioned in one of my earlier posts, I already have all of the circulating 1,2 and 5 Fen coins, but I could use upgrades on four of them (three different 1 Fen coins and one 2 Fen coin). The ones I need to upgrade are:

1 FEN
1957 - XF condition
1958 - VF condition
1961 - XF condition

2 FEN
1963 - AU condition

Any idea how much it would cost for each of the above coins in uncirculated condition? If too expensive, I may just have to settle for the ones I have now, but it would be great to replace them with uncirculated specimens if possible.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #88 on: January 02, 2015, 06:29:42 PM »
Mr. Sun authorized the release of the translation on circulating coins. All the circulating coins up till now are listed in the attachment.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #89 on: January 02, 2015, 06:33:28 PM »
P.S. When I bought both the 1979 mint set and the 1982 proof set many years ago, they were quite cheap. I paid less than $10.00 each for them. I only wish that I had been more persistent at the time in finding the other sets (especially the 1986 proof set). Unless I hit the lottery or something, I will have to be satisfied with merely collecting the issues that were actually issued for circulation. Of course, as I mentioned in one of my earlier posts, I already have all of the circulating 1,2 and 5 Fen coins, but I could use upgrades on four of them (three different 1 Fen coins and one 2 Fen coin). The ones I need to upgrade are:

1 FEN
1957 - XF condition
1958 - VF condition
1961 - XF condition

2 FEN
1963 - AU condition

Any idea how much it would cost for each of the above coins in uncirculated condition? If too expensive, I may just have to settle for the ones I have now, but it would be great to replace them with uncirculated specimens if possible.
You can refer to the pricing info here: http://coin001.com/read.php?tid=59299. The price is in Chinese Yuan.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #90 on: January 02, 2015, 10:47:15 PM »
fwang2450, thanks for the info. It was very helpful. It looks like nearly all of the coins from the 1950's to the 1970's are worth considerably more than I paid for them many years ago. Luckily, I had bought all of the earlier Fen coins when they were dirt cheap, I already had every circulating issue for all three denominations up through the early 1990's (plus a few of the non-circulating items from mint or proof sets only). I recently got back into trying to collect a complete set of all circulating PRC coins, and now I am basically working on trying to get all of the more recent circulating issues. As such, I recently picked up examples of the 2000 1 Fen coin, along with the entire run of 1 Fen coins between 2005 and 2013, which completed my set of all circulating 1, 2 & 5 Fen coins (leaving only the ones issued only in sets not obtained).

All of the higher denomination coins from the 1990's onward appear to be cheap and rather easy to obtain, so it probably won't be much longer before I have ALL of the actual circulating issues for the PRC (not including the so-called "circulating" commemoratives). I haven't decided whether or not to collect those as well, since there seems to be some question as to which actually circulated and which were produced only for sale to collectors. I suppose I will do some more research on those before deciding whether or not to add them to my collection as well.

P.S. I also have a rather nice collection of PRC banknotes as well, with only a few pieces missing (all of which are probably now too expensive for me to afford).

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #91 on: January 03, 2015, 12:52:28 AM »
fwang2450, thanks for the info. It was very helpful. It looks like nearly all of the coins from the 1950's to the 1970's are worth considerably more than I paid for them many years ago. Luckily, I had bought all of the earlier Fen coins when they were dirt cheap, I already had every circulating issue for all three denominations up through the early 1990's (plus a few of the non-circulating items from mint or proof sets only). I recently got back into trying to collect a complete set of all circulating PRC coins, and now I am basically working on trying to get all of the more recent circulating issues. As such, I recently picked up examples of the 2000 1 Fen coin, along with the entire run of 1 Fen coins between 2005 and 2013, which completed my set of all circulating 1, 2 & 5 Fen coins (leaving only the ones issued only in sets not obtained).

All of the higher denomination coins from the 1990's onward appear to be cheap and rather easy to obtain, so it probably won't be much longer before I have ALL of the actual circulating issues for the PRC (not including the so-called "circulating" commemoratives). I haven't decided whether or not to collect those as well, since there seems to be some question as to which actually circulated and which were produced only for sale to collectors. I suppose I will do some more research on those before deciding whether or not to add them to my collection as well.

P.S. I also have a rather nice collection of PRC banknotes as well, with only a few pieces missing (all of which are probably now too expensive for me to afford).
There is one caveat. Those are graded coins and the grading cost is included. You need to deduct the grading cost in order to evaluate the cost of a raw coin against yours.

It is very interesting to meet someone who only collects coins which have been in circulation. In the US, it may be the norm, but with modern Chinese coins, many are attracted to commemoratives. However, even early Chinese circulating commemoratives were in fact in circulation on their face value, like the US State Quarters. Later on such commemorative coins could not make it into circulation because investors started to hoard them in large quantities. I don't believe that you get around the proof sets though, as some years are available only in the proof version, like the Great Wall coins.

Online PandaCollector

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Re: Peoples Repulic of China Fen coins
« Reply #92 on: January 03, 2015, 02:59:55 AM »
This inexpensive set of fens has the circulations strikes from 2005-2011 in it.



Best wishes,
Peter Anthony
China Pricepedia/i]
www.pandacollector.com

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #93 on: January 03, 2015, 05:36:44 AM »
Hi fwang2450, thanks for the caveat. Considering the fact that 100 RMB is the lowest amount quoted, and considering the fact that at current exchange rates, 100 RMB is equal to around $16.26 US, I can safely conclude that the price for grading probably isn’t over $15.00, which means that any raw coins priced for that amount aren’t worth much ungraded. However, I have two really nice examples of the 1959 2 Fen (one for my PRC collection and one for my wife’s birth year collection), so it appears as though those are worth a tidy sum, whether graded or not (and both of them would probably grade at least MS65).

Now, the reason that I only collect the regular circulating issues is because many countries around the world go completely overboard with regard to issuing commemoratives (mostly as a money making venture) and the costs can be quite high for many issues. Actually, I did recently buy the three coin set of the 70th anniversary of the CCP issues, since I figured they had special significance, as opposed to something like the Planting Trees Festival or the Children’s Year coins, just to name a couple of examples. I may go ahead at some point and buy a few others, such as the Mao coin, but I do not envision trying to collect all of the commemoratives.

As far as the older 1980 to 1986 issues are concerned, I most definitely don’t have the money to be able to afford the proof sets, or even the 1980 & 1981 mint sets, so I suppose I will have to be satisfied with trying to complete the actual circulating dates only. The only reason that I have the 1979 mint set and the 1982 proof set is because I bought them a couple of decades ago when they were extremely cheap. If I had only known how high the price would get for the other sets, I would have been more aggressive in trying to locate them as well. I suppose that’s why hindsight is always better than foresight, huh?

At any rate, I do appreciate all of your help. Perhaps you could let me know what the 1, 2 & 5 Jiao and 1 Yuan coins for the years 1980, 1983 and 1984 would cost in uncirculated condition. I do know that they are nearly impossible to find (although the 1981 and 1985 dates, minus the 1985 2 Jiao coin, which is proof only, are easy enough to find). Of course, the 1981 & 1985 coins are also the only ones I already own (except for the aforementioned 1982 proof set). However, if I can find circulation strikes of the 1980, 1983 and 1984 coins at a reasonable price, I will go ahead and buy them. Otherwise, I will probably have to give up any thought of being able to add them to my collection (unless I find some for sale from someone who has no idea what they ae worth, which isn’t likely).

Thanks again for all of your help.

David

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #94 on: January 03, 2015, 05:46:59 AM »
Hi Peter, thanks for the picture of that set. I have noticed that the Chinese mint has issued a number of differing sets of the Fen coins, and I wonder if anyone is cataloging them all. For instance, I recently bought a 1991 3 coin set (1, 2 & 5 Fen) that came in a plastic holder enclosed in a colorful cardboard slipcase. I have also seen a set similar to the one you provided a picture of, but it also had the 2012 1 Fen coin in it as well. I figure that most of those sets are rather inexpensive, so it might be interesting (and possibly quite profitable someday) to collect all of them as well. Perhaps someone on this thread may have more information as to what different Fen sets are available? If so, please post a list of the sets available and the contents of each. Thanks.

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #95 on: January 03, 2015, 08:31:50 AM »
Hi fwang2450,
Thats fantastic.
Thank you very much for the attachment.
I appreciate it.
Best wishes.
Sequoia

Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #96 on: January 03, 2015, 08:38:15 AM »
DavidTucker,
Welcome to CCF!

CCF member poconopenn also collects fens and he has great wealth of knowlege about them and is willing to share.  You can do a search: by user: poconopenn, Search for: fen  Some examples from the search:

What he wrote about the fen of 1980's:
http://china-mint.info/forum/index.php?topic=218.msg570#msg570

Watch out for fakes:
http://china-mint.info/forum/index.php?topic=381.msg16683#msg16683
http://china-mint.info/forum/index.php?topic=8785.0

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #97 on: January 03, 2015, 02:13:32 PM »
Hi Peter, thanks for the picture of that set. I have noticed that the Chinese mint has issued a number of differing sets of the Fen coins, and I wonder if anyone is cataloging them all. For instance, I recently bought a 1991 3 coin set (1, 2 & 5 Fen) that came in a plastic holder enclosed in a colorful cardboard slipcase. I have also seen a set similar to the one you provided a picture of, but it also had the 2012 1 Fen coin in it as well. I figure that most of those sets are rather inexpensive, so it might be interesting (and possibly quite profitable someday) to collect all of them as well. Perhaps someone on this thread may have more information as to what different Fen sets are available? If so, please post a list of the sets available and the contents of each. Thanks.
Many of the holders for recent Fen releases are assembled privately, not by the Mint. I am not aware of recent Mint albums. It will take quite a few years for them to become rare. On the other hand, top grade early Fen coins are already rare, but the pricing is not out of reach.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #98 on: January 03, 2015, 02:28:50 PM »
Hi fwang2450, thanks for the caveat. Considering the fact that 100 RMB is the lowest amount quoted, and considering the fact that at current exchange rates, 100 RMB is equal to around $16.26 US, I can safely conclude that the price for grading probably isn’t over $15.00, which means that any raw coins priced for that amount aren’t worth much ungraded. However, I have two really nice examples of the 1959 2 Fen (one for my PRC collection and one for my wife’s birth year collection), so it appears as though those are worth a tidy sum, whether graded or not (and both of them would probably grade at least MS65).

Now, the reason that I only collect the regular circulating issues is because many countries around the world go completely overboard with regard to issuing commemoratives (mostly as a money making venture) and the costs can be quite high for many issues. Actually, I did recently buy the three coin set of the 70th anniversary of the CCP issues, since I figured they had special significance, as opposed to something like the Planting Trees Festival or the Children’s Year coins, just to name a couple of examples. I may go ahead at some point and buy a few others, such as the Mao coin, but I do not envision trying to collect all of the commemoratives.

As far as the older 1980 to 1986 issues are concerned, I most definitely don’t have the money to be able to afford the proof sets, or even the 1980 & 1981 mint sets, so I suppose I will have to be satisfied with trying to complete the actual circulating dates only. The only reason that I have the 1979 mint set and the 1982 proof set is because I bought them a couple of decades ago when they were extremely cheap. If I had only known how high the price would get for the other sets, I would have been more aggressive in trying to locate them as well. I suppose that’s why hindsight is always better than foresight, huh?

At any rate, I do appreciate all of your help. Perhaps you could let me know what the 1, 2 & 5 Jiao and 1 Yuan coins for the years 1980, 1983 and 1984 would cost in uncirculated condition. I do know that they are nearly impossible to find (although the 1981 and 1985 dates, minus the 1985 2 Jiao coin, which is proof only, are easy enough to find). Of course, the 1981 & 1985 coins are also the only ones I already own (except for the aforementioned 1982 proof set). However, if I can find circulation strikes of the 1980, 1983 and 1984 coins at a reasonable price, I will go ahead and buy them. Otherwise, I will probably have to give up any thought of being able to add them to my collection (unless I find some for sale from someone who has no idea what they ae worth, which isn’t likely).

Thanks again for all of your help.

David

My prediction is that the UNC grade early Fen coins will continue to rise in value. Although their mintage was huge compared with commemorative coins, not that many UNC pieces have survived. Less have been graded than some silver coins with a 30k mintage. On the other hand, the collector base is lot larger.

Your 79 and 82 sets certainly have skyrocketed in value. But you do not have to regret not having bought more. Our forum member Bearcat can tell you his stories of the 80-86 proof sets.  :001_smile:

Here is the pricing info of the 80-85 Great Wall business strike coins (the set is called Great Wall because of the Great Wall design on the 1 Yuan coin): http://coin001.com/read.php?tid=59297. The Chinese 角 means Jiao, and the Chinese 元 means Yuan. The prices of the proof Great Wall coins are available here: http://coin001.com/read.php?tid=59298

Offline pandamonium

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Re: Peoples Repulic of China Fen coins
« Reply #99 on: January 03, 2015, 04:47:41 PM »
Ebay 271728665681  1980 Blue folder 6 coin set  $699.99 BIN...........

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #100 on: January 03, 2015, 11:26:26 PM »
DavidTucker

Welcome to the forum and congratulation for your excellent collection of fen sets. The current value of UNC (MS60-63) 1957, 1958, 1963 1 Fen and 1963 2 Fen is about $100 for each at current market inside China. They are still affordable. 1959 UNC 2 Fen is considered to be the toughest date. The highest grade by NGC is 66 and none by PCGS.
 
Here are pictures of   柳忠良’s book (172 pages with many pictures) for PRC circulated coin published in 1999. This book was revised in 2000. The information in many articles or books published after 2000 about PRC circulated coins were derived from this book. Unfortunately, very few authors of those recent articles have ever mentioned or gave credit to 柳忠良.

Here are his recent (2013) articles about fen coins.

http://www.jibi.net/news/QBBXW/85721321.html

http://www.jibi.net/news/QBBXW/82422124.html

Recently, he published another classical research paper about the first series PRC banknotes.

http://www.chinacang.com/index.php?m=content&c=index&a=show&catid=33&id=10346

Here is the best summary article, IMO, about PRC fen coins.

http://bbs.jibi.net/dispbbs.asp?boardid=231&Id=252956&page=1&star=1

The author of this article did give credit to and consider柳忠良 as mentor.

Unfortunately, all articles mentioned above are in Chinese.


Offline dragonfan

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Re: Peoples Repulic of China Fen coins
« Reply #101 on: January 03, 2015, 11:30:54 PM »
First impression, always interesting. Thank you very much!

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #102 on: January 04, 2015, 08:23:16 AM »
Hi,
The 1991 to 2000 Sets still seem to be fairly Cheap -- do you think they will remain Cheap ?
There are not that many Mint Sets issued -- and only 20,000 Proof Sets for most years.
I can't understand why the 1993 to 1999 Proof Sets are so Cheap when only 20,000 Sets of each year were issued.
Best wishes.
Sequoia.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #103 on: January 04, 2015, 01:34:09 PM »
Just like other MCC, the valuation of the proof and mint sets have been fluctuated but not as significant as precious metal coins. It was peaked at later 2011, same as other MCC. The current value, in average, is still more than 200% higher than the value in 2010. In other words, the proof and mint sets are doing much better than other MCC in this down market.

Price on 9/28/2010

http://www.coin001.com/read.php?tid=284&fpage=14

Price on 4/7/2011

http://www.coin001.com/read.php?tid=2346&fpage=12

Price on 8/17/2011

http://www.coin001.com/read.php?tid=4959&fpage=11

Price on 11/21/2011

http://www.coin001.com/read.php?tid=7693&fpage=10

Price on 2/26/2012

http://www.coin001.com/read.php?tid=10774&fpage=10

Price on 3/11/2013

http://www.coin001.com/read.php?tid=24114&fpage=8

Price on 12/31/2013

http://www.coin001.com/read.php?tid=40206&fpage=5

Price on 12/29/2014

http://www.coin001.com/read.php?tid=59140


Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #104 on: January 04, 2015, 11:26:09 PM »
Thanks to everyone who has welcomed me to the forum. Your assistance has been very helpful in answering many of my lingering questions. My main regret is that I did not finish my collection of the earlier (1980's) coins, especially the proof and mint set only issues (when I could have bought them for a price I could afford). As is, it is the coins in sets only that I am still missing for the older dates, but I am now trying to go ahead and assemble the rest of my circulating PRC collection, which mostly includes dome of the newer Jiao and Yuan coins that I have not yet obtained. Of course, all of those coins (from 1991 onward) are quite cheap (except for the ones only issued in sets), so I don't expect to have too much trouble (or expense) in finishing those off in short order. Perhaps I might get lucky and find some of the pricier items from dealers here in the US who don't know the true value of the sets. I've found that many US dealers (who mostly deal in US coins) don't always keep up with world coin prices, and it is possible to find real bargains now and then. The fact that the various Krause catalogs VASTLY underprice the value of most of the older PRC issues (1950's through the 1980's) is a hopeful sign. Also, as far as I know, there don't seem to be a lot of PRC coin collectors here in the US, which might also work in my favor. If I score anything for a bargain, I will definitely post it and let everyone know.

Once again, thanks for all of the help everyone has provided, It is truly appreciated. Now that I have found this site, I will be checking in on a regular basis for additional information that others may have.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #105 on: January 05, 2015, 03:15:17 AM »
Incidentally, does anyone know whether or not there are coin albums for the modern (1991 and later) 1 & 5 Jiao and 1 Yuan coins? If so, where can I find them and what do they cost?

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #106 on: January 05, 2015, 04:39:23 AM »
I have a question about the following coin in the enclosed attachment. Does this coin look authentic or does it appear to be a counterfeit?


Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #107 on: January 05, 2015, 08:35:46 AM »
I'm certainly no expert, but compare to a 1984 graded proof (NGC 3362325-014), the placement of "4" seems off and the spacing and size of numerals are also different.  Perhaps there are date varieties, but the smudge around "4" is suspicious.

Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #108 on: January 05, 2015, 09:06:07 AM »
Update:
NGC census does indicate small date and large date varieties for the 1984 jiao.  I looked around and find one, 3566435-001, that maybe the small date.  However, the date position is different than the one you posted.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #109 on: January 05, 2015, 01:23:57 PM »
I have a question about the following coin in the enclosed attachment. Does this coin look authentic or does it appear to be a counterfeit?


1984 1 Jiao was only minted in proof condition. The surface texture of this coin is definitely not in proof condition. Most likely, this is an alteration of 1981 BU which is the cheapest great wall 1 Jiao in circulation.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #110 on: January 05, 2015, 02:00:04 PM »
Thanks for all of your replies to my inquiry. I was under the impression that it might be a cast forgery, since there appear to be quite a few differences in detail that simply do not match the real "Great Wall" Jiao coins. This "coin" is currently being offered on eBay by a source in China that seems to deal mostly in non-numismatic items and it hasn't sold even though it has been relisted several times, so I am assuming that no one else thinks it is genuine either. I didn't think it was real myself, but it never hurts to get a second or a third or a fourth opinion, so thanks for all of your help.

Offline pandamonium

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Re: Peoples Repulic of China Fen coins
« Reply #111 on: January 05, 2015, 02:29:17 PM »
Have a 1974 2 Fen.   Is it common?...... 

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #112 on: January 05, 2015, 05:53:06 PM »
Have a 1974 2 Fen.   Is it common?...... 
With circulating coins, it is not a question of whether they are common. They all have enormous mintage. It is the condition of such coins that matters. If yours is a MS67, that's very rare.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #113 on: January 06, 2015, 06:42:11 PM »
Hi again everyone. I just wanted to make sure that no one missed my question regarding whether or not there were coin albums available for the newer PRC coins? I have seen albums for the Fen coins (although I don't actually have one), but I have never seen any for any other denominations. If they aren't toxic to coins (i.e. they will not cause deterioration or corrosion), I would like to obtain some actual albums, providing that they aren't too expensive, of course.

On a related note, the most recent coin albums that I have seen for the Fen coins only go up through 1992, but if there is a newer album that also includes the later 1 Fen issues up through 2013, I would be most interested in obtaining one of those (if the album wouldn't damage the coins if stored in it).

Thanks again.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #114 on: January 06, 2015, 08:09:03 PM »
Hi again everyone. I just wanted to make sure that no one missed my question regarding whether or not there were coin albums available for the newer PRC coins? I have seen albums for the Fen coins (although I don't actually have one), but I have never seen any for any other denominations. If they aren't toxic to coins (i.e. they will not cause deterioration or corrosion), I would like to obtain some actual albums, providing that they aren't too expensive, of course.

On a related note, the most recent coin albums that I have seen for the Fen coins only go up through 1992, but if there is a newer album that also includes the later 1 Fen issues up through 2013, I would be most interested in obtaining one of those (if the album wouldn't damage the coins if stored in it).

Thanks again.
Are you talking about official albums or privately made ones? People's Bank of China did not issue any coin albums after 2000. But there are various privately made circulating coin albums for sale on Taobao: http://s.taobao.com/search?spm=a230r.1.0.0.zeZOXq&q=%B7%D6%B1%D2%B4%F3%C8%AB%CC%D7&rs=up&rsclick=4

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #115 on: January 07, 2015, 04:25:53 AM »
fwang2450, thanks for the link to Taobao. It appears as though they are mostly selling albums with all coins but the key dates already in the albums. I did not find any empty albums for sale, so I wonder if I was merely overlooking them. I am somewhat confused about one set for sale, which seems to have ALL of the key date coins included (the 1955, 1957, 1981 & 1992 1 Fen, the 1980 & 1992 2 Fen and the 1979, 1980 & 1981 5 Fen) for a total price of only 400 RMB? Am I missing something, or what? After all, that is only around $65.00 US, which seems extremely cheap for a set including all of the rarer coins. Perhaps you can explain? If the coins are authentic, I would definitely be willing to pay that amount for a full set.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #116 on: January 07, 2015, 12:19:12 PM »
fwang2450, thanks for the link to Taobao. It appears as though they are mostly selling albums with all coins but the key dates already in the albums. I did not find any empty albums for sale, so I wonder if I was merely overlooking them. I am somewhat confused about one set for sale, which seems to have ALL of the key date coins included (the 1955, 1957, 1981 & 1992 1 Fen, the 1980 & 1992 2 Fen and the 1979, 1980 & 1981 5 Fen) for a total price of only 400 RMB? Am I missing something, or what? After all, that is only around $65.00 US, which seems extremely cheap for a set including all of the rarer coins. Perhaps you can explain? If the coins are authentic, I would definitely be willing to pay that amount for a full set.
Can you give a link to the album?

Offline DavidTucker

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Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #118 on: January 07, 2015, 06:47:24 PM »
Hi Fwang2450, here is the link:

http://item.taobao.com/item.htm?spm=a230r.1.14.166.1S4Ec8&id=38943499772&ns=1&abbucket=0#detail
This listing is dubious. The seller makes it clear that the key dates 795, 805, 815, 811 and 802 are altered. Some of the other coins look circulated. Probably there are even fakes. For key dates or semi-key dates, certified coins are a safer bet.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #119 on: January 07, 2015, 11:53:35 PM »
Thanks fwang, since I can't read Chinese and the Google transator leaves something to be desired, I wasn't sure what was going on, but I know that the rare coins are worth many multiples of the price for the set.

Incidentally, I have been conversing with a guy who lives in China and he says that he has gone through a lot of rolls of Fen coins and has never seen a 2000 date 1 Fen coin, so although they were made for circulation, are they scarcer than would be expected for the price? I bought the ones I have for around $3.00 each (which included shipping), so perhaps I did OK on them.

Offline eurokrem

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Re: Peoples Repulic of China Fen coins
« Reply #120 on: January 08, 2015, 05:04:17 AM »
Hello dear fellow collectors, i see here are few experts on Chinese Circulating coins and i don't really have much knowledge about them, although i have few of them, i bought in one big lot of silver coins one pouch with 1 Fen 1986, 2 Fen 1976, 5 Fen 1989, 1 Jiao, 2 Jiao und 5 Jiao all from 1981.They seem to be UNC.

I dont collect those and have no knowledge about them and i would be thankful if somebody from board experts could tell me are those worth keeping.

Thank you for your time.
У добру је лако добар бити, на муци се познају јунаци,
 Владика Петар II Петровић Његош 1813—1851

It is easy to be good while it is good, the trouble reveals the heroes.
Vladika Petar II Petrović Njegoš 1813-1851

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #121 on: January 08, 2015, 09:46:58 AM »
yes they are worth keeping, as they have a big advantage - are in good condition. And they are worth of keeping or exchange at place, as shipping would be quite big, according to their value.

One coin 2 jiao is worth about $40 and all other coins about $1-4 as a lot.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #122 on: January 08, 2015, 11:12:09 AM »
Incidentally, I have been conversing with a guy who lives in China and he says that he has gone through a lot of rolls of Fen coins and has never seen a 2000 date 1 Fen coin, so although they were made for circulation, are they scarcer than would be expected for the price? I bought the ones I have for around $3.00 each (which included shipping), so perhaps I did OK on them.
As far as I know, 2000 1 Fen was released for circulation, but in small quantity. 2000 2 Fen and 5 Fen are available only in albums.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #123 on: January 08, 2015, 06:41:26 PM »
Thanks fwang, I thought that might be the case, so I suppose that I should probably go ahead and buy any 2000 1 Fen coins I find at inexpensive prices.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #124 on: January 09, 2015, 01:57:00 AM »
eurokrem, I would be interested in buying the set of coins for $30.00 US (shipping included) if you are interested in selling the set. I can make payment via PayPal if you decide to sell the coins.

Offline eurokrem

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Re: Peoples Repulic of China Fen coins
« Reply #125 on: January 09, 2015, 06:14:09 AM »
@aragog

Thank you for evaluation    N66, yes, i was curios and i have searched on zhaoo and found some old price for 2  Fen 1976:

http://english.zhaoonline.com/detail/auction-2102784-detail.shtml

My coins are all in UNC condition and i think MS67 is thinkable as grade result, i am going to keep them and when prices are moving up maybe let 1976 2 Fen to NGC for grading.

@David Tucker

Thank you for your offer but as i am in Germany only shipping cost me 12€ insured and signed, anyway i am going to keep those.Wish you luck in completing your collection.  N18
У добру је лако добар бити, на муци се познају јунаци,
 Владика Петар II Петровић Његош 1813—1851

It is easy to be good while it is good, the trouble reveals the heroes.
Vladika Petar II Petrović Njegoš 1813-1851

Offline Butch

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Re: Peoples Repulic of China Fen coins
« Reply #126 on: January 09, 2015, 02:40:53 PM »
Probably already said, but I think it's fair to say, based on the number of graded fen coins, graded fen coins may be amongst the most undervalued coins in the world.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #127 on: January 09, 2015, 10:17:38 PM »
No problem eurokrem. I was only really interested in the 2 Jiao anyway, since I need a duplicate for my type set (I already have a 1981 2 Jiao for my date collection). If you should decide to just sell the 2 Jiao, let me know what you would be willing to sell it for.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #128 on: January 11, 2015, 12:33:03 PM »
So, does anyone know what a 2000 date 1 Fen uncirculated coin is currently selling for in China (not including the ones issued in proof and mint sets)?

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #129 on: January 13, 2015, 12:10:29 PM »
 :confused1:Hi, does anyone who collect Fen coins know how to clean Fen coins or Jiao coins? I have a collection of 1991 t0 2000 Proof sets that come with plastic display case, the 5 Jiao in most of the cases started to change color and it looks king of rusted? anyone in the Forum know how to clean them up? It seem to me that it only happened in 5 Jiao coins any one know why?

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #130 on: January 13, 2015, 06:00:56 PM »
:confused1:Hi, does anyone who collect Fen coins know how to clean Fen coins or Jiao coins? I have a collection of 1991 t0 2000 Proof sets that come with plastic display case, the 5 Jiao in most of the cases started to change color and it looks king of rusted? anyone in the Forum know how to clean them up? It seem to me that it only happened in 5 Jiao coins any one know why?
It is better to leave cleaning to the professionals. Even NCS sometimes messes up with copper coins. The 5 Jiao coin in those sets is notoriously prone to oxidation. I am not sure whether there is an explanation for that.

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #131 on: January 14, 2015, 08:36:04 AM »
Thank you for your advices,fwang2450, I think I am going to leave them alone, professional cleaning may cost more money than the coins themselves,
there was a 1792 U.S. one cent auction off for $2.6 Million dollars in Florida, may be this could happen for Chinese fen coins in the future?

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #132 on: January 14, 2015, 10:33:59 AM »
Hi,
I have a lot of the 1991 to 2000 Proof Sets.
The 5 Jiao is particularly bad in the 1997 to 2000 Sets -- I believe this is due to a Chemical Reaction with the packaging.
By Contrast the 5 Jiao in the 1991 and 1992 Sets do not seem to be affected much at all.
And the 5 Jiao in the 1993 to 1996 sets seem to be affected slightly.
So it seems to depend on the way they are packaged -- and the chemical reaction with the packaging.
Best wishes.
Sequoia

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #133 on: January 14, 2015, 11:14:30 AM »
Thank you for your advices,fwang2450, I think I am going to leave them alone, professional cleaning may cost more money than the coins themselves,
there was a 1792 U.S. one cent auction off for $2.6 Million dollars in Florida, may be this could happen for Chinese fen coins in the future?
It is true that at this moment, the NCS cost would be more than the value of some of the coins. Another factor to consider is that after cleaning, the color of the brass coins will be slightly off, often appearing lighter. As such it would be inconsistent with the other two copper coins, unless they are also cleaned. By the way, collectors in China disfavor cleaned coins.

Offline pandamonium

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Re: Peoples Repulic of China Fen coins
« Reply #134 on: January 15, 2015, 03:12:52 PM »
Ebay 251792725392   1943 Fen??   Seller has several Chinese.   Not sure if they are genuine...........

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #135 on: January 15, 2015, 04:59:10 PM »
Ebay 251792725392   1943 Fen??   Seller has several Chinese.   Not sure if they are genuine...........
Fen coins issued by the PRC started in 1955.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #136 on: January 24, 2015, 06:20:57 AM »
Can anyone confirm the existence of the 2014 1 Jiao and 1 Yuan coins? I already own a 2014 5 Jiao, but I need the other two coins mentioned for my collection. I also need two copies of the 2005 1 Jiao coin in copper-nickel (non-magnetic), one for my type set and one for my date set. All coins wanted in uncirculated condition only. If anyone has any of these coins available for sale or trade, please let me know. Thanks.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #137 on: January 24, 2015, 06:22:38 AM »
P.S. I forgot to mention that I also need a 2013 1 Jiao coin in uncirculated condition.

Offline PandaQuest

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Re: Peoples Repulic of China Fen coins
« Reply #138 on: January 26, 2015, 12:44:44 AM »
Hello, interesting topic! I recently came across this coin, at local coin show. I can't find many photos for comparison, I believe this coin was minted in proof and ms. Is there a way to tell them apart? Maybe some of the more knowledgeable members can help. It is a 1980 2 Jiao Brass coin.

    I have also recently picked up a 1981 unc proof set in the original folder (Blue), and I'm looking to trade for a 1998 large date 1/20 gold panda in either ms69 or OMP for my 1/20 set. I could also throw in cash or add additional coin to trade. Please send me message if interested. Thanks so much.

Offline PandaQuest

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Re: Peoples Repulic of China Fen coins
« Reply #139 on: January 26, 2015, 12:50:50 AM »
I don't know why the photos are coming out sideways.

Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #140 on: January 26, 2015, 07:52:59 AM »
Your 1980 2J looks like the one I posted here: http://china-mint.info/forum/index.php?topic=8795.msg51345#msg51345

NGC census shows there are MS, MSPL, and PF grade for the 1980 2J.  The proof is very rare.  Attached is the side-by-side comparison of the various strikes.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #141 on: January 26, 2015, 07:56:56 AM »
I think it is just mislabeling and there is no jiao coin in PROOF quality from 1980. Probably,  others can make it more clear.

Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #142 on: January 26, 2015, 08:42:43 AM »
I think it is just mislabeling and there is no jiao coin in PROOF quality from 1980. Probably,  others can make it more clear.
poconopenn said that as well, but I wonder...  The set 3365098-001 to -004 looks very proof to me.

Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #143 on: January 26, 2015, 10:04:29 AM »
Oh, I see what's happening:  Prior to the 12/18/2013 census there was no "MSPL" catagory for the 1980 2J.  With the creation of the MSPL catagory, the population of PF and PFUC remained the same, but the population of MSPL grew month after month.  So effectively the labelling of PF/PFUC are discontinued and all proof-like 1980 2J are labelled as MSPL. 

The few PFUC looked really like proof coins.  See the picture of 2775604-016.  It is like the mint made a few undocumented proofs as gift for the VIP.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #144 on: January 26, 2015, 11:11:16 AM »
This is from Sun Keqin's catalog to be published later this year on the 1980 Great Wall coins (1 Yuan, 1/2/5 Jiao):

"1.   1980: the Great Wall set of 1980 has 3 strikes, including business strikes, bank specimens (proof like), and proof strikes. The business strike 1 Yuan coin has two varieties, the No Bricks variety and the With Bricks variety.  

The business strikes were released on April 15, 1980. Early releases and those in the black or blue album are the No Bricks variety. Later releases are the With Bricks variety.

Before the coins were released, a small number of bank specimens were distributed to the bank branches in small black albums. The strike is proof like. It is difficult to identify the coins minted for circulation from those in the black album, except Yuan. So only the Yuan coin has its varieties listed in this catalog.

A set of proof Great Wall coins of 1980 has been discovered, of the With Bricks variety. It is inferred that this set was minted in late 1980, in preparation for the production of proof coins in 1981."

In the code table I uploaded, the 1980 Great Wall coin information is as follows. The B1b line indicates proof strike:





Offline PandaQuest

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Re: Peoples Repulic of China Fen coins
« Reply #145 on: January 26, 2015, 04:44:41 PM »
Great info! I take it this coin is the business strike? Does anyone know the approximate value, and is it worth getting graded? Thanks for all the help!

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #146 on: January 26, 2015, 10:43:29 PM »
fwang2450.

There is no mention in latest Mr. Sun’s book (2012 Edition) about proof version of 1980 great wall set. He did describe the discovery (sometime after 2008) of 4-coin (1 Yuan, 1, 2, 5 Jiao) black folder as bank specimens (pattern) in his book. The bank specimens appear to be semi-proof. It is my impression that B1b, B2b, B3b and B4b are codes for this set. Do I misread his book?

Attached is the codes for all great wall coins in 2012 edition. The book already shown those four codes mentioned in your posting.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #147 on: January 27, 2015, 01:10:18 AM »
fwang2450.

There is no mention in latest Mr. Sun’s book (2012 Edition) about proof version of 1980 great wall set. He did describe the discovery (sometime after 2008) of 4-coin (1 Yuan, 1, 2, 5 Jiao) black folder as bank specimens (pattern) in his book. The bank specimens appear to be semi-proof. It is my impression that B1b, B2b, B3b and B4b are codes for this set. Do I misread his book?

Attached is the codes for all great wall coins in 2012 edition. The book already shown those four codes mentioned in your posting.

According to his coding, the small letter "b" stands for proof coins:
"小写字母表示硬币的版别,a:普制币;b:精制币;c:样币;d:精制样币" (The lower case letter indicates strikes of the coin. a: business strike;
b: proof strike)

The above text is taken from the catalog to be published soon.

So B1b would indicate 1980 proof Great Wall 1 Yuan; B2b would indicate 1980 Great Wall 5 Jiao, and so on.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #148 on: January 30, 2015, 11:19:09 PM »
Lucky find of the day. I just acquired a 1981 1, 2 and 5 Jiao coin set in uncirculated condition from a local dealer for 30 cents. Not bad, huh?

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Re: Peoples Repulic of China Fen coins
« Reply #149 on: February 16, 2015, 12:58:24 AM »
Another great find. I just won an uncirculated 1980 Great Wall 1 Yuan on eBay for $8.03 US.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #150 on: February 16, 2015, 05:00:32 AM »
Those are great finds. I was extremely happy to snatch two fen coins 1959 and 1961 in unc quality for 25 euro. When the coins arrived I was jumping with joy that those were unc indeed. This will be my best buy of the year 2015, so I can understand you well.
By the way, we can make exchange if you are not collecting fen variants.
I can offer 5 fen 1980 and 1 fen 1979 plus some more coins or $50 for your 1 fen 1979 from the set. ( or 5 and 2 fen 1980 and 1 fen 1979 for 1 fen 1979 and $50)

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #151 on: February 16, 2015, 05:58:50 AM »
Congratulations on your finds as well aragog. I sent you a private e-mail discussing the trade you offered. Let me know if you don't receive it.

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Re: Peoples Repulic of China Fen coins
« Reply #152 on: February 19, 2015, 05:36:19 AM »
I am doing a bit of research on the different issues of the 1, 2 and 5 Fen coins regarding which coins were struck with the modern font on the character for Fen and which coins were struck with the stylized font. Here are the varieties I have uncovered so far:

1 FEN
1955 (MODERN)
1956 (MODERN)
1957 (MODERN)
1958 (MODERN)
1959 (MODERN)
1961 (MODERN)
1963 (MODERN)
1964 (MODERN)
1971 (MODERN)
1972 (STYLIZED)
1973 (MODERN)
1974 (STYLIZED)
1975 (MODERN)
1976 (STYLIZED)
1977 (MODERN)
1978 (STYLIZED)
1979 (MODERN & STYLIZED)
1980 (MODERN & STYLIZED)
1981 (STYLIZED)
1982 (MODERN & STYLIZED)
1983 (STYLIZED)
1984 (STYLIZED)
1985 (MODERN)
1986 (MODERN)
1987 (MODERN)
1991 (MODERN)
2000 (STYLIZED)
2005 (MODERN)
2006 (MODERN)
2007 (MODERN)
2008 (MODERN)
2009 (MODERN)
2010 (MODERN)
2011 (MODERN)
2012 (MODERN)
2013 (MODERN)


2 FEN
ALL MODERN. PLUS THE FOLLOWING:

1981 (STYLIZED) – PROOF ONLY ISSUES
1982 (STYLIZED) – PROOF ONLY ISSUES
1983 (STYLIZED) – PROOF ONLY ISSUES
1984 (STYLIZED) – PROOF ONLY ISSUES


5 FEN
1955 (MODERN)
1956 (MODERN)
1957 (MODERN)
1974 (STYLIZED)
1976 (STYLIZED)
1979 (STYLIZED)
1980 (STYLIZED)
1981 (STYLIZED)
1982 (STYLIZED)
1983 (MODERN & STYLIZED)
1984 (STYLIZED)
1985 (MODERN)
1986 (MODERN)
1987 (MODERN)
1988 (MODERN)
1989 (MODERN)
1990 (MODERN)
1991 (MODERN)
1992 (MODERN)

If anyone knows of any additions to this list, please post which varieties are available that are not on this list (and provide pictures if possible for confirmation).

Thanks

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #153 on: February 19, 2015, 10:03:08 AM »
David, are you aware of the research on the Fen varieties in China, for example this article?
http://www.coin001.com/read.php?tid=10736

By looking at the pictures, you can have some idea what varieties are being discussed.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #154 on: February 20, 2015, 06:01:14 AM »
Hi fwang, thanks for the info. Unfortunately, I don't read Chinese so I'm not really sure what all of the symbols in the chart mean. From what I can surmise, the coins marked as "P" in the chart are from the Shenyang mint, with the modern font of the word for Fen and the coins marked as "T" are from the Shanghai mint, with the stylized font. However, I have no idea what the "H" is supposed to represent, so if you could, I would very much appreciate your help in explaining it to me. Also, please explain what the symbols before the letters mean (such as the solid star, the hollow star and the ※symbol).

It is apparent that I got rather close in my research, although I seem to have missed a few, including all of the proof & mint set only issues from 1992 to 2000, for which I didn't have adequate information on which to make a determination. Thanks again for your help.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #155 on: February 20, 2015, 07:33:54 AM »
H from years 1972 and 1978 is just a variant different from other two, "hybrid" or "mixed", as google translates it. The coins seem to be from Shanghai mint.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #156 on: February 20, 2015, 09:28:13 PM »
Thanks aragog, I examined my coins from those years and although there is a noticeable difference in the tail on the lower right side of the symbol for Fen on the 1972 coin, the tail on the 1978 looks like the ones from Shenyang, although the left side wheat stalk looks more like those from the Shanghai mint. Interestingly, the tail on the 1972 looks different than the ones from both mints, since it truly seems to be a hybrid between the two designs.

The most interesting thing about this whole subject is that it appears that in most years, the 1 and 5 Fen coins were produced at one mint but not the other, and with the exception of the four proof coins from 1981 to 1984, all of the two Fen coins seem to have only been struck at Shenyang. I definitely appreciate the help, since I enjoy learning as much as I can, even if I don't intend on actually collecting the differing varieties. I am happy enough just to have as complete of a date collection as I can get (I know I can't afford some of the proof only issues, especially in the Great Wall coins and the proof & mint sets from the 1991 to 2000 period).

I already have a complete collection (by date) of all of the 1, 2 and 5 Fen coins that actually circulated, most of which are in uncirculated condition. As I've mentioned earlier, I only have four coins that need upgrading to uncirculated condition (three 1 Fen coins and one 2 Fen coin) if I can afford to do so. On my budget, it may eventually be possible for me to acquire all of the proof and mint set only issues in the Fen denominations at some point, but I doubt very seriously I'll ever be able to afford the 1985 2 Jiao coin or the larger denominations (Jiao and Yuan coins) from the 1986 set, but I will be happy with simply acquiring those that I can actually afford to buy eventually.

Offline DavidTucker

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Re: Peoples Repulic of China Fen coins
« Reply #157 on: February 24, 2015, 07:10:10 AM »
Hello, does anyone in this forum know whether or not the 1 Jiao and 1 Yuan coins dated 2014 have been released for circulation? I have a 2014 5 Jiao coin, but I can't seem to locate the other two denominations for my collection as of yet.

Thanks

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #158 on: March 16, 2015, 04:44:19 PM »
Does any one know whether or not there will be 2015 fen coin coming out from China?

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #159 on: March 17, 2015, 03:06:22 PM »
I just found a one Fen coin from 1961 in my drawer. It's in a very good condition and is enclosed in a paper/plastic window coin holder. What could the value be? and should I sell or keep. Could sure use the money if it has any value to speak of.
Happy for all and any help!

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #160 on: March 17, 2015, 03:18:01 PM »
Hi, Svenja, the 1961 1 Fen is a valuable coin, the value depends on condition, if this coin in MS67, the value could be as high as 18000 Yuan, which is about 3,000 U.S. dollar.

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #161 on: March 17, 2015, 03:56:52 PM »
Thank you VERY MUCH for your info. Where would be a good place to sell it??

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #162 on: March 17, 2015, 06:13:43 PM »
This your specific coin has value about $5.Or with somepatience and luckyou can sell it for double price, but moreprobably for $1.

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Re: Peoples Repulic of China Fen coins
« Reply #163 on: March 18, 2015, 03:33:06 AM »
Thank you for your important info. As I am new to this, why the big difference in the 2 estimated values?????.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #164 on: March 18, 2015, 04:56:42 AM »
The information for price from pjleung is correct as well, and if there were even better condition coin I think it would cost even more, up to $10000. But it is price for graded coins from NGC or PSGC and the highest grades that only few coins can get. But basically there millions of those coins from circulation that except for 1 fen 1957 are more or less common and quite affordable

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #165 on: March 18, 2015, 05:07:45 AM »
Thank you. Your answer is highly appreciated!

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #166 on: March 18, 2015, 05:19:36 AM »
This is mine it looks uncirculated, but still will not get high grade, and cannot cost even tenth of the highest price that was mentioned by pjleung

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #167 on: March 19, 2015, 03:25:46 PM »
Another question: I have a 2 Fen coin from 1956 and a 5 Fen coin from 1957. I brought them both back home from a visit to China in 1958 so they are more or less unc. Do they have any value? Greatful for all and any help I can get.

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #168 on: March 19, 2015, 10:39:23 PM »
They don't worth much if they are ungraded, for the 2 Fen graded from MS63 to MS68 priced  about 200-1200 RMB, and for the 57's 5 Fen priced about 150-900  RMB, according coin001.com report.

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #169 on: March 20, 2015, 03:25:36 AM »
Thank you for taking the time to answer. As I am new to this, I may ask stupid questions but where and how can I get them graded, what's the cost?

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #170 on: March 20, 2015, 08:11:16 AM »
For details about coin grading services go to ngccoins.com or pcgs.com

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Re: Peoples Repulic of China Fen coins
« Reply #171 on: March 20, 2015, 08:58:23 AM »
Thank you Pjleung. You have been most helpful. Very much appreciated

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #172 on: March 20, 2015, 12:49:12 PM »
Thank you for taking the time to answer. As I am new to this, I may ask stupid questions but where and how can I get them graded, what's the cost?


Welcome to the forum.

Please post the pictures of your 1956 2 fen and 1957 5 fen. The cost of grading may be higher than the value of coin for most semi-key date, if the coin is graded less than MS63.

There are many altered key date fen coins in the market. IMO, your 1961 1 fen is an altered coin from 1991 which is a common date. Please see the attached pictures. First picture was copied from your coin and second picture was copied from aragog's coin. Your coin has a thinner 1 than aragog's and the size matches 1 in 1991. The 6 in your coin does not match the 6 in aragog's and the surrounding area and edges, even your picture is not high resolution, is not smooth and shows many cavities.  

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #173 on: March 20, 2015, 03:06:09 PM »
First of all I need to say: you people in here are extremely helpful and I value your time and knowledge.
I will gladly Post pic's of the 2 and 5 fen coins but they are at my other place so it can't be done until mid next week. Here are better high resolution pic's of my 1 fen 1961? fen

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #174 on: March 20, 2015, 04:47:28 PM »
Found pic's of the 2 and 5 Fen coins on my computer. Opinions and approximate please!
« Last Edit: March 20, 2015, 05:11:47 PM by svenja »

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #175 on: March 20, 2015, 06:37:30 PM »
Found pic's of the 2 and 5 Fen coins on my computer. Opinions and approximate value please!

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #176 on: March 20, 2015, 07:14:08 PM »

Here are some Taobao listings for these two coins. You can determine the value by comparing the conditions of your own coins to those for sale. The price is in Chinese Yuan, which is 6.2 to one dollar.

1956-2 fen: http://s.taobao.com/search?q=1956%C4%EA2%B7%D6%D3%B2%B1%D2&commend=all&ssid=s5-e&search_type=mall&sourceId=tb.index&spm=a215z.7106357.5803581.d4908513

1957-5 fen: http://s.taobao.com/search?q=1957%C4%EA5%B7%D6%D3%B2%B1%D2&js=1&stats_click=search_radio_all%253A1&initiative_id=staobaoz_20150321

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #177 on: March 21, 2015, 12:34:26 PM »
Thank you, that was very helpful! N31

Offline Bearcat

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Re: Peoples Repulic of China Fen coins
« Reply #178 on: March 21, 2015, 09:13:05 PM »
Hey svenja…Do you have any (perhaps coin related) stories about China in 1958? Was it any different then than now?

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #179 on: March 22, 2015, 03:52:54 AM »
Hi. Back in 1958 I was working on a tanker carrying gasoline and oil to China. It was unloaded in the city of Whampoa, a suburb of the old Kanton. That's where I got the coins. Back then everyone was wearing the same clothes, men and women alike. The colour was gray, brown or dark green. Next time I visited china was 50 years later. 2009. What a shock-- I met a modern society with cars, cabs, city lights and skyscrapers of very impressive architecture, Beijing made Chicago, New York or L.A look "out of date". It was just a totally, shockingly, different country. China as I remembered it was gone and a new, modern country had risen from the ashes. Just wish I had known back then that I should have filled my trunk with coins!.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #180 on: March 22, 2015, 11:07:35 AM »
First of all I need to say: you people in here are extremely helpful and I value your time and knowledge.
I will gladly Post pic's of the 2 and 5 fen coins but they are at my other place so it can't be done until mid next week. Here are better high resolution pic's of my 1 fen 1961? fen

Your high resolution pictures of 1961 shown very nice clean 6. The coin is genuine.

Here is website at taobao for all 1961 1 fen listings.

http://s.taobao.com/search?q=1961%E5%B9%B41%E5%88%86%E7%A1%AC%E5%B8%81&js=1&stats_click=search_radio_all%253A1&initiative_id=staobaoz_20150322

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #181 on: March 22, 2015, 11:34:35 AM »
Thanks for the info Poconopen!.
The prices for the 1 feng coin on the website you referred to makes me jump of you. A few nights ago I thought I had struck the jack pot. Now it seem like I should be happy for every bid exceeding 80 cents  N16

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #182 on: March 23, 2015, 05:03:14 AM »
Thanks for the info Poconopen!.
The prices for the 1 feng coin on the website you referred to makes me jump of joy. A few nights ago I thought I had struck the jack pot. Now it seem like I should be happy for every bid exceeding 80 cents  N16
Sorry for the misstake. Meant of course "joy" not "you" as posted earlier.

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #183 on: March 23, 2015, 10:09:51 AM »
Here I go again looking for free advice , taking up your time, but: can any one tell me what this is? any value?

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #184 on: April 01, 2015, 01:59:55 PM »
Can anyone tell me what these coins are+ Please!!

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #185 on: April 01, 2015, 04:09:10 PM »
Can anyone tell me what these coins are+ Please!!
Japanese.

Offline svenja

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Re: Peoples Repulic of China Fen coins
« Reply #186 on: April 01, 2015, 04:33:47 PM »
Thank you very much for you answer. Highly appreciated!

Offline century

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Re: Peoples Repulic of China Fen coins
« Reply #187 on: April 07, 2015, 12:51:09 PM »

Hello Collectors,

If you wouldnt mind I need some help.
I just bought a complete set of "Coins of All Nations" and these China sets are a bit confusing.
Can you tell me which ones are the rare ones? I see some for $1000, others for $50.

I have attached some scans.

Thank you in advance,

Emil

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #188 on: April 07, 2015, 12:55:16 PM »
5 fen 1981 is probably PROOF and rare one. As those were made outside of PRC, some coins included are now quite rare, and this set is much better and therefore expensive than majority on the market.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #189 on: April 07, 2015, 02:37:46 PM »
That 1981 5 fen is a proof coin, a rare one as well. Actually the business strike 5 fen from 1981 is even rarer and more expensive.

The confusion of these Chinese Coins of All Nations sets is due to Franklin Mint putting assorted coins together. Some are very rare, like the 1981 and 1982 proof sets. They can fetch $1000. Business strikes from some common years are not worth that much, thus the pricing difference.

Offline century

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Re: Peoples Repulic of China Fen coins
« Reply #190 on: April 07, 2015, 02:46:53 PM »

Ya, its a proof, for sure.
What is a realistic eBay retail on this?

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #191 on: April 07, 2015, 03:08:36 PM »
It is better to have it graded before you can get an accurate quote.

Offline century

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Re: Peoples Repulic of China Fen coins
« Reply #192 on: April 07, 2015, 03:17:03 PM »
It is better to have it graded before you can get an accurate quote.

Im going to sell it as is.
But I would grade it PF65-66. Hard to tell through the plastic. But no less than 65.

Offline aragog

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Re: Peoples Repulic of China Fen coins
« Reply #193 on: April 08, 2015, 03:28:33 AM »
I would personally pay $200-300 for 5 fen 1981 coin. As it was stated above, official 1981 PROOF set is worth about $1000 and it contains two rare coins, 1 and 5 fens, all other PROOF coins are also worth smth about $70-100 a coin. In your set besides 5 fen 2 jiao coin has also some value. It is hard to predict for what the set will sell, but the range might be $300-500. I would try to start with $300 and see if it sells.

Offline jmmann222

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Re: Peoples Repulic of China Fen coins
« Reply #194 on: April 28, 2015, 10:39:06 AM »
I am new to posting on this forum but have read through this thread may times in the last few years.  I purchased a flat rate closed box at an estate auction in 1994 and it contained a collection of Chinese fen, all of them 2 fen except for one 1 fen (1983).  I have coins from 1961-1985 with many duplicates and also missing some years.  I've attached a few photos and was wondering if anyone can give me advice about valuating the coins - should I take them to a local international coin dealer and see what they know?  Or would my best bet be a larger coin show in Atlanta?  I am curious if any of them are worth sending in for valuation by PCGS or if they are just common low-grade coins.  I can also post clearer pictures if needed.

I appreciate any opinions  :001_smile:

Thanks,
J


Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #195 on: April 28, 2015, 02:08:39 PM »
I am new to posting on this forum but have read through this thread may times in the last few years.  I purchased a flat rate closed box at an estate auction in 1994 and it contained a collection of Chinese fen, all of them 2 fen except for one 1 fen (1983).  I have coins from 1961-1985 with many duplicates and also missing some years.  I've attached a few photos and was wondering if anyone can give me advice about valuating the coins - should I take them to a local international coin dealer and see what they know?  Or would my best bet be a larger coin show in Atlanta?  I am curious if any of them are worth sending in for valuation by PCGS or if they are just common low-grade coins.  I can also post clearer pictures if needed.

I appreciate any opinions  :001_smile:

Thanks,
J



Welcome to the forum.

The pictures are not good enough to see the condition of the coins. However, none of the coin appears to be in UNC condition. Therefore, none of them will have value higher than $1, except 1961 2 fen which can have value more than $1, if the condition is better than VF. IMO, based on your pictures, the total value of those coins will be less than $10.

Offline jmmann222

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Re: Peoples Repulic of China Fen coins
« Reply #196 on: April 28, 2015, 02:46:43 PM »
Thanks so much for your response. I agree they do not appear UNC although a few of them have UNC notated on the holder...but I don't know how or by whom that was determined.  Here's a few more pics of the 1961 2 fen fronts and backs in case that helps verify any value or lack thereof.  My best camera is not with me at the moment. I appreciate your opinions!

Thanks,
J

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #197 on: April 28, 2015, 03:40:41 PM »
Yes, both coins are in VF/+ condition, the details of  high spots are worn smooth and date is readable, but no more luster. 

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Re: Peoples Repulic of China Fen coins
« Reply #198 on: October 25, 2015, 06:53:49 AM »
Hello

Is it worthwhile to evaluate this coin?
What assessment they could get and how about the value?

Many thanks




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Re: Peoples Repulic of China Fen coins
« Reply #199 on: February 28, 2016, 12:28:25 PM »
Is there a Peking order for the fen coin series not including the proof coins, and are there any solid mintage numbers available? I have gained much interest in this series since the release of most recent Sun Keqin's catalog last year. Have there been any major changes compared to the pricing in the catolog? I can't help it but notice how disregarded they are in the US, as most fen coins are in junk world coin boxes and bags in poor condition, and how difficult they are to find in unc condition especially the pre-70 dates. It would be very interesting if someone came out with a book of surviving populations in collector condition.

Last questions, is the collector Base in mainland China still growing and is demand for high grade fen coins in demand? Or has the focus been turned to other coin series?

Thanks in advance, Btw very informative thread!

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #200 on: February 28, 2016, 03:44:34 PM »
Hi,
Is there an English Version of Sun Keqin's catalog and if so -- what is its full title.
Best wishes.
Sequoia.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #201 on: February 28, 2016, 05:16:27 PM »
Hi,
Is there an English Version of Sun Keqin's catalog and if so -- what is its full title.
Best wishes.
Sequoia.
Sun Keqin's latest catalog was fully translated, but due to the size and cost limit, the published version only has the major sections translated, which should be enough for reference.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #202 on: February 28, 2016, 05:35:18 PM »
Is there a Peking order for the fen coin series not including the proof coins, and are there any solid mintage numbers available? I have gained much interest in this series since the release of most recent Sun Keqin's catalog last year. Have there been any major changes compared to the pricing in the catolog? I can't help it but notice how disregarded they are in the US, as most fen coins are in junk world coin boxes and bags in poor condition, and how difficult they are to find in unc condition especially the pre-70 dates. It would be very interesting if someone came out with a book of surviving populations in collector condition.

Last questions, is the collector Base in mainland China still growing and is demand for high grade fen coins in demand? Or has the focus been turned to other coin series?

Thanks in advance, Btw very informative thread!
Yes, there is a pecking order among the fen coins, the best known of which are the so called "Five Heavenly Kings", the 5 fen of 1979, the 5 fen and 2 fen of 1980, and the 5 fen and 1 fen of 1981. These were not minted for circulation. Instead they were packaged for sale as gifts or tourist souvenirs. I was translating a more detailed article on the top fen coins, but found myself distracted by other errands.

They are not favored in the US because of their relatively low prices. The 1980 5 fen coin in the Franklin Mint package (one of the Five Heavenly Kings), for example, sold recently for around 200 dollars. It is a pretty impressive gain over the price around $160 in the middle of last year, but a not-so-rare silver coin can easily beat the price. Why would a coin dealer bother?

The collector base of circulating coins is still growing. There is a steady demand for high grade circulating coins. However, recent label games promoted by NGC is very distracting, especially among newcomers.

Offline PandaQuest

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Re: Peoples Repulic of China Fen coins
« Reply #203 on: February 28, 2016, 06:15:04 PM »
Ah yes the Kings of Fens! I was referring more to the rest of the fens, my main interest are the pre-70's fens in unc condition. 

Offline Sequoia

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Re: Peoples Repulic of China Fen coins
« Reply #204 on: February 28, 2016, 06:48:07 PM »
Sun Keqin's latest catalog was fully translated, but due to the size and cost limit, the published version only has the major sections translated, which should be enough for reference.

Which issue is his latest catalog and what is its full correct title and issue number

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #205 on: February 28, 2016, 09:30:09 PM »
Which issue is his latest catalog and what is its full correct title and issue number
Here are some details: http://china-mint.info/forum/index.php?topic=11656.0

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Re: Peoples Repulic of China Fen coins
« Reply #206 on: February 28, 2016, 09:38:13 PM »
Here are some details: http://china-mint.info/forum/index.php?topic=11656.0

Thank you very much I appreciate it.
Best wishes.
Sequoia

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #207 on: February 29, 2016, 01:03:33 PM »
Here is my ranking based on my own research on published documents and observation in the market place. The ranking of grade rarity may change, if a bank roll (100 coins) is discovered in somebody’s junk box or drawer. This happened in recent years for 1957 and 1976 1 fen. Mintage of fen coins are not known officially, but rarity was done by a researcher at bank who counted several millions fen coins returned to bank from different locations inside China and published the results about 10 years ago. Unfortunately, I can not locate the original paper.   

Mintage Rarity   Grade Rarity

1957 1 fen           1959 2 fen
1955 1 fen           1963 2 fen
1959 2 fen           1961 1 fen
1956 1 fen           1961 2 fen
1958 1 fen           1958 1 fen
1963 2 fen           1957 1 fen
1955 5 fen           1962 2 fen
1976 1 fen           1956 1 fen
1974 2 fen           1974 2 fen
1959 1 fen           1957 5 fen

Disclosure: I do own complete fen coin set (1955-2012) in UNC condition.

Offline PandaQuest

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Re: Peoples Repulic of China Fen coins
« Reply #208 on: February 29, 2016, 09:15:21 PM »
Thanks for your insight poconopenn, very helpful!. I'm far from having an unc set, nor do I plan on having one, but I do enjoy searching for the earlier dates in unc condition. I also collect the proof fens and proof jiao coins!

I would love to see the article from the bank researcher you mention in your post, please do post if you find it!

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Re: Peoples Repulic of China Fen coins
« Reply #209 on: March 01, 2016, 07:48:10 PM »
Hi poconopenn, do you happened to know any Fen coins sellers from China who will sell their coins oversea directly? I mean beside e-bay?

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Re: Peoples Repulic of China Fen coins
« Reply #210 on: March 15, 2016, 04:49:34 PM »
Does anyone know how to Self Conserve (Clean up) the Aluminum fen Coins? Or is it best to send in to NCS? Btw does NCS Conserve the Fen coins?

Offline GoldenLord

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Re: Peoples Repulic of China Fen coins
« Reply #211 on: July 04, 2016, 07:19:57 PM »
How much will be a NGC MS68 5 Fen 1980 Coin atm?

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #212 on: July 04, 2016, 08:15:16 PM »
How much will be a NGC MS68 5 Fen 1980 Coin atm?

MS68 is considered to be a very high grade for this coin. It will fetch more than $600. Usually, the average grade for this coin is about MS65 which has a valuation about $200. MS67 is about $400.

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Re: Peoples Repulic of China Fen coins
« Reply #213 on: July 06, 2016, 05:47:20 PM »
Thanks alot, get it back today from NGC.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #214 on: July 06, 2016, 07:00:48 PM »
Very nice coin!

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #215 on: July 07, 2016, 12:00:46 PM »
Thanks alot, get it back today from NGC.

Please post the picture of the reverse. Based on your picture of observe, this coin should be graded as Proof-like, unless the reverse is not. Proof-like coin will have a valuation much higher than MS coin.

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Re: Peoples Repulic of China Fen coins
« Reply #216 on: July 07, 2016, 01:11:38 PM »

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Re: Peoples Repulic of China Fen coins
« Reply #217 on: September 01, 2016, 09:52:39 PM »
Ive got a PF Cameo 70 1 Yuan 1981 Great Wall from NGC back. Is the price of 1000$ currently right?

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #218 on: September 01, 2016, 10:14:53 PM »
Ive got a PF Cameo 70 1 Yuan 1981 Great Wall from NGC back. Is the price of 1000$ currently right?
The price guide on coin001.com is RMB7500.

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Re: Peoples Repulic of China Fen coins
« Reply #219 on: October 21, 2016, 04:47:28 PM »
Hello everybody,

I really like to know if the 2005 1 jiao coin (non-magnetic) actually exists.

Thanx,

Weepio

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #220 on: October 21, 2016, 05:50:29 PM »
Hello everybody,

I really like to know if the 2005 1 jiao coin (non-magnetic) actually exists.

Thanx,

Weepio
It is listed in Mr. Sun's book, D17 in his coding system.

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Re: Peoples Repulic of China Fen coins
« Reply #221 on: October 22, 2016, 12:14:44 AM »
Hello fwang2450
Which coin is the 2005 magnetic version then? Anybody have a non- magnetic coin? I have never encountered one, I only have magnetic coins.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #222 on: October 22, 2016, 04:39:52 PM »
Hello fwang2450
Which coin is the 2005 magnetic version then? Anybody have a non- magnetic coin? I have never encountered one, I only have magnetic coins.

Welcome to the forum.

To my best knowledge, there is no non-magnetic 2005 1 Jiao. All 1 Jiao in fifth series are made with stainless steel and are magnetic coin.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #223 on: January 25, 2017, 01:16:12 PM »
Price of UNC Fen coins has dropped significant during last five years, similar to PM MCC.

http://www.coin001.com/read.php?tid=114347 (price posted 1/2017)

http://www.coin001.com/read.php?tid=19611&fpage=14 (price posted 11/2012)

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #224 on: January 25, 2017, 10:33:39 PM »
The prices of Great Wall coins have gain their value quite a bit lately.

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Re: Peoples Repulic of China Fen coins
« Reply #225 on: February 20, 2017, 10:26:52 PM »
Hello!  I recently acquired some Coin Sets of All Nations, including a PRC set with the following Fen coins:  5 (1982) 2 (1982) and 1 (1978).  They appear to be proof quality.  The other coins (Jiao and Yuan) are dated 1981, and have some surface tarnish.  Can someone comment on the value of the set?  Thank you!

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #226 on: February 20, 2017, 10:32:16 PM »
Welcome to the forum.

The valuation is about $50-70, depending on the condition of the 1981 Jiao and Yuan. 1982 Fen coins have very limited value.

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #227 on: February 21, 2017, 09:52:50 AM »
For the Great wall coins, only proof coin sets of 1981 to 1986 are worth investing, also, the 2 Jiao coins are worth collecting because these are the only 2 Jiao coins that China ever minted.

Offline PandaQuest

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Re: Peoples Repulic of China Fen coins
« Reply #228 on: March 28, 2017, 02:25:26 PM »
Yes, there is a pecking order among the fen coins, the best known of which are the so called "Five Heavenly Kings", the 5 fen of 1979, the 5 fen and 2 fen of 1980, and the 5 fen and 1 fen of 1981. These were not minted for circulation. Instead they were packaged for sale as gifts or tourist souvenirs. I was translating a more detailed article on the top fen coins, but found myself distracted by other errands.

They are not favored in the US because of their relatively low prices. The 1980 5 fen coin in the Franklin Mint package (one of the Five Heavenly Kings), for example, sold recently for around 200 dollars. It is a pretty impressive gain over the price around $160 in the middle of last year, but a not-so-rare silver coin can easily beat the price. Why would a coin dealer bother?

The collector base of circulating coins is still growing. There is a steady demand for high grade circulating coins. However, recent label games promoted by NGC is very distracting, especially among newcomers.


Hi Frank, I was wondering if you finished translating the article you mentioned about the "Five heavenly kings"?
Thanks

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #229 on: March 28, 2017, 02:57:38 PM »
This was the auction result of “five heavenly kings” NGC MS67 set on 3/28/2017 at coin001.com. The average grade for fen coin is about MS66 for mint sets and MS65 for circulated fen in original bank roll.

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=487&skip=1 (RMB 47,380 = US$6,965)

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Re: Peoples Repulic of China Fen coins
« Reply #230 on: March 28, 2017, 07:54:29 PM »
Thanks for the link Poconopenn, that's quite a set. Is that set(not necessarily in those grades) a prestigious or highly desired set in China?

Also does it make a difference to collectors whether the 1981 coins are PF or MS??

Last question, is there a key date within this set?

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #231 on: March 28, 2017, 08:44:02 PM »

Hi Frank, I was wondering if you finished translating the article you mentioned about the "Five heavenly kings"?
Thanks
No, I did not finish translating that article. It will have to wait till later this year.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #232 on: March 28, 2017, 09:10:54 PM »
Thanks for the link Poconopenn, that's quite a set. Is that set(not necessarily in those grades) a prestigious or highly desired set in China?

Also does it make a difference to collectors whether the 1981 coins are PF or MS??

Last question, is there a key date within this set?
Those are key dates, the Five Heavenly Kings. If the PF coins had been replaced by their MS counterparts, the set would have brought in a higher price.

Offline pjleung

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Re: Peoples Repulic of China Fen coins
« Reply #233 on: March 28, 2017, 09:16:36 PM »
Wow, I wonder how many sets of these Fen coins exist in the whole country.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #234 on: March 29, 2017, 02:29:01 PM »

Also does it make a difference to collectors whether the 1981 coins are PF or MS??

 

Those are key dates, the Five Heavenly Kings. If the PF coins had been replaced by their MS counterparts, the set would have brought in a higher price.

Yes, MS 1981 1 Fen, originated from the red folder, is much more expensive than proof version.

http://www.coin001.com/hack.php?H_name=bigauction&action=detail&aid=267&skip=1 (1981 1 Fen, NGC MS67, winning bid: RMB 29754 = US$ 4,375)

Offline PandaQuest

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Re: Peoples Repulic of China Fen coins
« Reply #235 on: May 08, 2017, 12:53:03 AM »
Hi all! Does anyone know if the 1956 5 Fen Bold Date is a major variety?  I see Pcgs has 1 and couldn't find any in the NGC census. I found one in my collection that I acquired a while back and overlooked, it's most likely in VF condition. I'm half tempted to send it in regardless because of the low pop numbers. Any thoughts or info is always appreciated! 

http://www.pcgs.com/pop/valueview.aspx?s=517009

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #236 on: May 08, 2017, 01:20:25 AM »
Hi all! Does anyone know if the 1956 5 Fen Bold Date is a major variety?  I see Pcgs has 1 and couldn't find any in the NGC census. I found one in my collection that I acquired a while back and overlooked, it's most likely in VF condition. I'm half tempted to send it in regardless because of the low pop numbers. Any thoughts or info is always appreciated! 

http://www.pcgs.com/pop/valueview.aspx?s=517009
It is not that scarce. Recent selling prices (UNC) are around $15 a piece. Varieties are still to be explored in Chinese circulating coins.

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Re: Peoples Repulic of China Fen coins
« Reply #237 on: May 08, 2017, 01:29:06 AM »
Thanks Frank! Wow the 1956 bold date sells for $15 in unc! I had no idea, wonder why more haven't been graded.

Offline fwang2450

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Re: Peoples Repulic of China Fen coins
« Reply #238 on: May 08, 2017, 01:41:36 AM »
Thanks Frank! Wow the 1956 bold date sells for $15 in unc! I had no idea, wonder why more haven't been graded.
Here is a recent post selling the variety: http://coin001.com/read.php?tid=123190&fpage=2

Some have been graded by PCGS, but with no such variety designation.

Offline SANDAC

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Re: Peoples Repulic of China Fen coins
« Reply #239 on: May 08, 2017, 01:25:06 PM »
Hi all! Does anyone know if the 1956 5 Fen Bold Date is a major variety?  I see Pcgs has 1 and couldn't find any in the NGC census. I found one in my collection that I acquired a while back and overlooked, it's most likely in VF condition. I'm half tempted to send it in regardless because of the low pop numbers. Any thoughts or info is always appreciated! 

http://www.pcgs.com/pop/valueview.aspx?s=517009
The PCGS certificated 1956 bold date is mine.  It was discussed here:  http://china-mint.info/forum/index.php?topic=1078.msg47345#msg47345  The top picture is regular date and the bottom picture is bold date.  There was some questions at the time whether bold date really exist so I submitted just for clarification.  I don't think it has much value other than as a variety reference.

Offline poconopenn

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Re: Peoples Repulic of China Fen coins
« Reply #240 on: May 08, 2017, 03:09:33 PM »
Here is the recent auction (2/27/17) for a small stars/large date 1956 5 Fen PCGS MS67. The PCGS labelled it as small stars only, but the seller did mention it as small stars/large date. MS67 is a very high grade for this coin, since the coin was made with Al-Cu alloy, instead of Al-Mg-Mn alloy which is used for later Fen coins and has a higher hardness. Other 1956 5 Fen was believed made in 1960 (small stars) and 1969 (large stars), based on the sealed label of the original package from Shanghai Mint.

http://www.coin001.com/hack.php?H_name=auction&skip=1&action=detail&aid=50882 (winning bid RMB 401 = US$58)

Here are the recent auction results of small stars (3/21/17) and large stars (4/21/17) for 1956 5 Fen PCGS MS68.

http://www.coin001.com/hack.php?H_name=auction&skip=1&action=detail&aid=52209 (small stars, winning bid RMB 140 = US$ 20)

http://www.coin001.com/hack.php?H_name=auction&skip=1&action=detail&aid=54401 (large stars, winning bid RMB 165 = US$ 25)

Therefore, there is a significant premium for small stars/large date over small stars and large stars versions.