Author Topic: Post your newest modern Chinese coin  (Read 368188 times)

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Offline DiggingNorway

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Re: Post your newest modern Chinese coin
« Reply #90 on: March 20, 2011, 06:07:09 PM »
no he dosent have that... i might ask him for one... i dont think it has any copper staince, then he would have said so.. he is not used to that on gold coins... i think he only took this photo to show the wrap in the PVC cover... (up to the left)

Offline r3globe

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Re: Post your newest modern Chinese coin
« Reply #91 on: March 20, 2011, 06:10:41 PM »
If the rip is not big enough to get the coin out, then it probably stayed in there for a long time. Now, here is my beginner opinion. This is the more common 1 oz with 84000 vs the y mint with 47000. If you were a bullion buyer, comparing this to another bullion purchase,I would definitely buy this. If you are buying this to speculate on increasing value, I would put my money somewhere else with lower mintage. I am sure badon and peter will elaborate much more intelligently :)

Offline badon

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Re: Post your newest modern Chinese coin
« Reply #92 on: March 20, 2011, 06:12:05 PM »
The PVC pouch is common for the early pandas, though I'm not very familiar with them. I think r3globe is correct that they come without capsules for non-proof pandas. The PVC can damage even gold coins, so be sure to get them conserved. Make sure to note on the NCS paperwork that the coin has PVC residues on it that must be removed.

Offline DiggingNorway

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Re: Post your newest modern Chinese coin
« Reply #93 on: March 20, 2011, 06:12:24 PM »
thanks.. he has 1985 and 1989 too....

Offline r3globe

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Re: Post your newest modern Chinese coin
« Reply #94 on: March 20, 2011, 06:17:47 PM »
I think 1985 has the lowest mintage amongst all three with 55,539

Offline DiggingNorway

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Re: Post your newest modern Chinese coin
« Reply #95 on: March 20, 2011, 06:18:30 PM »
it seems to me, after having browsed the pedia, that 1 oz BU gold only reach a significant premium over spot in the 1995, 1996 , 1998, 1999 and 2005 years...... hmmm.. :sneaky2:

Online PandaCollector

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Re: Post your newest modern Chinese coin
« Reply #96 on: March 20, 2011, 06:20:14 PM »
Except for 2 years the coins with the double seals (capsule + pouch) are proofs, like the 1994 above. Business strike coins get only one pouch.

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline DiggingNorway

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Re: Post your newest modern Chinese coin
« Reply #97 on: March 20, 2011, 06:22:07 PM »
Thanks Peter - Have the March issue been released yet?
my book is still not arrived.... god knows whats going on.. all my UIK and some US amazon books have arrived...
 :crying: ..


Online PandaCollector

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Re: Post your newest modern Chinese coin
« Reply #98 on: March 20, 2011, 06:25:51 PM »
The China Mint melted Panda coins, coin dealers melted Pandas, jewelers put them in bezels and bracelets and melted them, too. Mintage is irrelevant and even misleading, it's surviving population size that matters.

Best wishes,
Peter Anthony
http://www.pandacollector.com

P.S. Second book was shipped a while ago. I can look for the customs receipt to get the date it was sent but unfortunately we can't track the book with it. Maybe it's on a "No Buy" list with customs. Just kidding. The March issue is still in progress. My ANA convention appearance was great fun but took time away from the Pricepedia. I have to catch up now.

Offline r3globe

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Re: Post your newest modern Chinese coin
« Reply #99 on: March 20, 2011, 06:31:52 PM »
Thanks peter for the clarification. So, I guess the price of the coin will give you an idea about its scarcity.

Online PandaCollector

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Re: Post your newest modern Chinese coin
« Reply #100 on: March 20, 2011, 07:03:46 PM »
Thanks peter for the clarification. So, I guess the price of the coin will give you an idea about its scarcity.

Sometimes it does but not always. There can be other factors. One example is lack of demand due to buyers’ confusion about the true populations of many coins. Some very scarce coins and varieties are relegated for long periods to "common" status. As long as there is no interest in them there is no movement in price, although it would only take a very small increase in demand to force their prices higher. There are still quite a few instances of price distortions like this in the Chinese market which is part of what makes it so interesting to research and write about (at least for me).

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline DiggingNorway

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Re: Post your newest modern Chinese coin
« Reply #101 on: March 20, 2011, 07:18:03 PM »
so basically, my dealer friend has 3 pcs 1987, 8 pcs 1989 and 1 pcs 1985... all in PVC covers.. would you recommend him to conserve and grade all of them?`

Sales is a bit slow in Norway... so maybe try to sell them at ebay?

Online PandaCollector

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Re: Post your newest modern Chinese coin
« Reply #102 on: March 20, 2011, 07:27:19 PM »
so basically, my dealer friend has 3 pcs 1987, 8 pcs 1989 and 1 pcs 1985... all in PVC covers.. would you recommend him to conserve and grade all of them?`

Sales is a bit slow in Norway... so maybe try to sell them at ebay?

Unless they are real gems I doubt any will bring much above melt value on eBay or elsewhere at this time. A very high grade coin of these dates (particularly the 1989) will bring a decent premium. This is why many gold Panda coins get melted. Eventually, sometimes, the remaining survivors are no longer common and rise in value. Then lots of people say, "Oh, I used to have one of those."

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline DiggingNorway

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Re: Post your newest modern Chinese coin
« Reply #103 on: March 21, 2011, 10:04:25 AM »
Glourios Day!!!  :001_cool:

Finally My Panda Book arrived!! Very happy... AND my favorit dealer came trough! sent my an email this morning and hioted that he had some chinese silvers just arrived... thats my guy :)

I picked a lot of goodies for a reasonalbe price:

This is the pick of the day: UNEARTHED ARTIFACTS 1990

I dare not say how much(little) I paid for them... but as long as the dealer is happy and I am happy, all is good. They will cost a little to conserve and slab and the rest of series seems impossible to get at reasonable prices so I take this into consideration when assesing the price, but it was a brgain.. no doubt about it :)

Offline Straitssettlementshop

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Re: Post your newest modern Chinese coin
« Reply #104 on: March 21, 2011, 10:14:51 AM »
Hi again,
I'm now posting another favourite of mine however this one is not rare but it is the beauty of the coin "Seated Kuanyin" which achieved PERFECT GRADE PF70 from NGC.

SUBJECT : SEATED KUANYIN  1/10oz.  2003
(GRADED BY NGC PF70)
KM # 1512, 50 Yuan, 3.1104gm, 0.9990
Gold 0.0999oz. AGW, 18mm
Obv : Putuo Mountain Pilgrimage Gate
Rev : Seated Kuanyin with holographic background
Edge : Reeded
Date : 2003
Proof Mintage : 33,000







Happy Viewing

Andrew