Author Topic: Hong Kong coins - general observations  (Read 6315 times)

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Offline BobW

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Hong Kong coins - general observations
« on: August 16, 2008, 12:19:27 PM »
I have been collecting pre-World War 2 Hong Kong coins for around ten years. These are some of my general observations.

- Coins dated before 1885 are significantly more difficult to find.

- Five cent coins are the easiest to locate in better grades.

- True red copper one cent coins are very scarce. 1926 is the easiest to find.

- PCGS and NGC appear to have different grading standards for the red and red-brown cents.

- Many Hong Kong coins have been cleaned especially those sold on eBay. Caveat emptor.

- There is very little literature published in English.

- Other than low grade coins, few dealers in the USA have any offerings for sale.

- The best source for better coins are auctions in Hong Kong. Unfortunately these coins are seldom certified and the quality of the internet photos is often poor. The coins are however often undergaded by USA standards. Flaws are sometimes not noted. A real dilemma for a USA bidder unable to view the coin in person. Some Hong Kong auction houses are now listing their coins on eBay - there is usually an additional buyers fee of around 3 to 5% over and above the standard 15%.

- In recent years, more collectors have begun to submit their coins to PCGS. Prior to around 2004, NGC was the TPG of choice. USA dealers appear to prefer submitting to NGC, likely because of turn-around times.

- Choice coins have appreciated significantly in value since I began collecting due to increased competition from overseas collectors and lately because of the weaker USA dollar.

What have you experienced?



goldbug

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Re: Hong Kong coins - general observations
« Reply #1 on: August 17, 2008, 11:03:50 AM »
Your observations are very helpful!  TY!  I am very interested in HK colony time circulated coins, but never know how to start collecting. ;D

Offline BobW

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Re: Hong Kong coins - general observations
« Reply #2 on: August 17, 2008, 01:29:43 PM »
Goldbug, of the few Hong Kong collectors I know, all are collecting by type. Excluding the Queen Elizabeth coins, a representative collection might include the following:

MIL

1863-1865 KM#1
1865      KM#2
1866      KM#3

CENT

1863-1877 KM#4.1
1877-1879 KM#4.2
1879-1901 KM#4.3
1902-1905 KM#11
1919-1926 KM#16
1931-1934 KM#17
1941      KM#24

5 CENTS

1866-1901 KM#5
1903-1905 KM#12
1932-1933 KM#18
1935      KM#18a
1937      KM#20
1938-1941 KM#22
1949-1950 KM#26

10 CENTS

1863-1901 KM#6.3
1902-1905 KM#13
1935-1936 KM#19
1937      KM#21
1938-1939 KM#23
1948-1951 KM#25

20 CENTS

1866-1898 KM#7
1902-1905 KM#14

1/2 DOLLAR

1866-1867 KM#8

50 CENTS

1890-1894 KM#9.1
1891-1892 KM#9.2
1902-1905 KM#15

ONE DOLLAR

1866-1868 KM#10

Except for KM#8, #9.1, #9.2 #10, and #24, a representative type coin can generally be found with patience and under one hundred dollars in XF condition. An eye-appealling, never messed with coin will be a greater challenge for the earlier dates. If you buy on eBay, ask lots of questions, pay using a credit card and be certain the seller allows for returns.

About half of the coins can be found MS63 or better in PCGS or NGC holders for one hundred dollars or so also.

If you have any questions, I would be happy to try to answer them.

goldbug

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Re: Hong Kong coins - general observations
« Reply #3 on: August 19, 2008, 12:09:40 PM »
Thank you, bobW!
Except the Krause World, do you know any good reference books around? 

Offline BobW

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Re: Hong Kong coins - general observations
« Reply #4 on: August 19, 2008, 02:39:10 PM »
I have been told that the following two books exist. I have been looking for them for around four years without success. If you find two copies, please let me know. 

**Ray Hamson : Regal Coinage of Hong Kong, Hong Kong Museum of History handbook, 1966.

**Robert Lam : The Currency of Hong Kong, published by the Urban Council,Oct., 1983. 

goldbug

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Re: Hong Kong coins - general observations
« Reply #5 on: August 19, 2008, 08:45:48 PM »
OK and thanks again.

Offline TaxHaven

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Re: Hong Kong coins - general observations
« Reply #6 on: February 21, 2011, 05:13:04 AM »
Thank you BobW for your post of 2008...I've been looking for a copy of the Hamson book, "Hong Kong Regal Coinage" (1966)...no luck finding an online source yet.  I've been buying off ebay for four years now and want to add that just about ANYTHING - 5c, 10c, 20c - in the 1870s is VERY scarce.  In four years I've seen ONE 1876 5c, two 1877 5c, and just now one 1879 5c.  Not even SixBid or Pontorio auctions have these things!  They are much scarcer than most realise.