Author Topic: Peoples Repulic of China Fen coins  (Read 80174 times)

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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

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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.    

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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

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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.