Topic: Peoples Repulic of China Fen coins

[eurokrem]

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.

[aragog]

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.

[fwang2450]

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.

[DavidTucker]

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.

[DavidTucker]

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.

[eurokrem]

@aragog

Thank you for evaluation    , 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.  

[Butch]

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.

[DavidTucker]

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.

[DavidTucker]

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)?

[pjleung]

 :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?

[fwang2450]

: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.

[pjleung]

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?

[Sequoia]

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

[fwang2450]

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.

[pandamonium]

Ebay 251792725392   1943 Fen??   Seller has several Chinese.   Not sure if they are genuine...........