Author Topic: 1980 Olympic silver price going through the roof  (Read 5441 times)

0 Members and 1 Guest are viewing this topic.

Offline PandaOrLunar

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 1145
  • Karma: 26
1980 Olympic silver price going through the roof
« on: March 27, 2011, 11:37:18 PM »
1980 China 30 yuan silver Olympic soccer piedfort NGC PF67:  Winning bid US$5,500.00

     http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=320675281278&ssPageName=STRK:MEWAX:IT
 
Regular, non-piedfort, version is going for over US$100.00 each.

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2539
  • Karma: 219
Re: 1980 Olympic silver price going through the roof
« Reply #1 on: March 28, 2011, 12:27:33 AM »
The original blue folder package of 8-coins copper proof 1 yuan 1980 Olympic set ended at RMB5,310 = $810, yesterday at www.coin001.com auction insider China.

http://www.coin001.com/pwbbs/read.php?tid=2071

All 1980 Olympic coins and sets have more than double in price in less than three months.

 

KonaJim

  • Guest
  • Trade Count: (0)
Re: 1980 Olympic silver price going through the roof
« Reply #2 on: March 28, 2011, 12:39:36 AM »
This is befitting of the saying, " A rising tide lifts all boats".  This is a sign as Mr. Greenspan would say of "irrational exuberance".  It doesn't mean the end of the bull run, but it is in my mind a warning sign when buyers are willing to bid up coins that probably don't warrant the price.  I have no qualms with the run continuing.  It has been a magnificent run and very profitable for those invested.  I am old enough however to know that everything comes to an end.  The Chinese more so than most know life and all things encompassing life is made up of cycles.  This cycle too will come to a conclusion.  It is only a matter of when?

Offline aragog

  • Trade Count: (0)
  • Full Member
  • ***
  • Posts: 291
  • Karma: 9
Re: 1980 Olympic silver price going through the roof
« Reply #3 on: March 28, 2011, 05:02:31 AM »
The quality of the coins is dicisive. The ebay price of the set is about 400 euro, and with great pics of high quality coins 530 euro does not seems too high. I bought the set at BIN for 140 euro 2 years ago. Have to check if the coins are OK now. Expect the price to double again in upcoming year.

Offline badon

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 4487
  • Karma: -81
Re: 1980 Olympic silver price going through the roof
« Reply #4 on: April 01, 2011, 12:03:49 AM »
People have been talking about the end of this market since it started. It isn't even mature yet, let alone ending. We have many, many years to go still. I am always entertained by talk of bubbles and things like that. This market may outlast some of us.

Fiat is on the way out, precious metals on the way in, and numismatics are entering a heyday they've never seen before.

Offline dooney

  • Trade Count: (0)
  • Jr. Member
  • **
  • Posts: 73
  • Karma: 0
  • Gender: Male
Re: 1980 Olympic silver price going through the roof
« Reply #5 on: April 02, 2011, 08:03:45 PM »
Quote
People have been talking about the end of this market since it started. It isn't even mature yet, let alone ending. We have many, many years to go still. I am always entertained by talk of bubbles and things like that. This market may outlast some of us.

Fiat is on the way out, precious metals on the way in, and numismatics are entering a heyday they've never seen before.


Well said Badon!

And if the Dollar heads south, as some people expect, we will see prices (in Dollar terms) of Chinese coins reach heights that aren't even dreamed of.

Dooney

Offline Birdman

  • Supporter
  • Global Moderator
  • Trade Count: (+18)
  • Hero Member
  • *****
  • Posts: 1863
  • Karma: 135
Re: 1980 Olympic silver price going through the roof
« Reply #6 on: August 15, 2011, 08:33:44 PM »
The original blue folder package of 8-coins copper proof 1 yuan 1980 Olympic set ended at RMB5,310 = $810, yesterday at www.coin001.com auction insider China.

http://www.coin001.com/pwbbs/read.php?tid=2071
 

Is the following 8-coin copper 1980 olympic set a regular or piedfort?  How does one tell the difference?  I think there is some confusion in the marketplace.

http://cgi.ebay.com/110730734227?ru=http%3A%2F%2Fcoins.shop.ebay.com%3A80%2Fi.html%3F_nkw%3D110730734227%26_sacat%3D256%26_odkw%3D%26_osacat%3D256%26_trksid%3Dp3286.c0.m270.l1313%26_fvi%3D1&_rdc=1

I see the piedforts up for sale in Hong Kong.

http://www.bowersandmerena.com/Auctions/AuctionLot.aspx?LotID=241986
http://www.bowersandmerena.com/Auctions/AuctionLot.aspx?LotID=241987

Offline Grip

  • Supporter
  • Trade Count: (+4)
  • Sr. Member
  • ****
  • Posts: 576
  • Karma: 6
Re: 1980 Olympic silver price going through the roof
« Reply #7 on: August 15, 2011, 08:44:07 PM »
 It is only a matter of when?
[/quote][/quote] As always. The top is in way after we can even begin to imagine.

Offline PandaOrLunar

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 1145
  • Karma: 26
Re: 1980 Olympic silver price going through the roof
« Reply #8 on: August 15, 2011, 08:51:53 PM »
Quote
Is the following 8-coin copper 1980 olympic set a regular or piedfort?  How does one tell the difference?  I think there is some confusion in the marketplace.

http://cgi.ebay.com/110730734227?ru=http%3A%2F%2Fcoins.shop.ebay.com%3A80%2Fi.html%3F_nkw%3D110730734227%26_sacat%3D256%26_odkw%3D%26_osacat%3D256%26_trksid%3Dp3286.c0.m270.l1313%26_fvi%3D1&_rdc=1

$400.00 for the 8 brass regular version coins and $899.99 for the nice little blue package.  Before long, someone will be "faking" the blue package and sticking the brass (around $50 each right now, was about $10 last year) coins into the "fake" package.

Offline lonemao

  • Supporter
  • Trade Count: (+9)
  • Jr. Member
  • **
  • Posts: 80
  • Karma: 6
  • Gender: Male
Re: 1980 Olympic silver price going through the roof
« Reply #9 on: August 15, 2011, 09:06:12 PM »
I have some 80 Olympic brass coins which started to develop some black spots on their surfaces..... what can I do to remove them?  Can NCS help?

Offline badon

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 4487
  • Karma: -81
Re: 1980 Olympic silver price going through the roof
« Reply #10 on: August 15, 2011, 10:35:15 PM »
NCS might be able to help a little. The black spots usually won't come off, but NCS's work might stop them from getting worse.

Offline dennisma77

  • Trade Count: (+5)
  • Full Member
  • ***
  • Posts: 234
  • Karma: 1
Re: 1980 Olympic silver price going through the roof
« Reply #11 on: November 26, 2016, 03:31:36 PM »
It looks like the silver piedfort coins are now cost less...