Author Topic: 1993 20 oz gold 1500 yuan two peacocks.  (Read 14353 times)

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Offline VincentD123

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1993 20 oz gold 1500 yuan two peacocks.
« on: June 06, 2016, 09:44:37 PM »
Hello, i purchased the coin when it was first minted and have held onto it ever since. I regret not selling the coin in 2011/2012 when gold was at its peak, and the Chinese coin market was on fire, but you know what they say; "you can't cry over spilled milk." I am now at the point of seriously considering selling the coin and have a great resource and outlet to do so. I'm just looking for a few good opinions on whether holding on to a coin of this nature and rarity would be smarter than selling, or if selling and properly investing into a bulk of physical gold bullion would be a better idea. I've had this coin so long I really want to make the best descison with it. I am in a spot where I would really like to liquidate this asset and use the proceeds to make some sound investments and yeild some solid returns. Anyone have any idea on the possible projected value of this coin in both the short and long term? Coin is in excellent condition still in original box and sealed plastic. COA is also with it. Coin is ungraded but near perfect. No less than PF68.

Offline Hippanda

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #1 on: June 06, 2016, 09:57:04 PM »
That is one of the most stunning coins ever made.
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline Birdman

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #2 on: June 06, 2016, 09:59:02 PM »
 :001_tt1: :drool:

Offline SANDAC

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #3 on: June 06, 2016, 10:20:41 PM »
A spectacular coin, only 66 made.  It is a wedding coin, so I imaging the super rich would like to have it as the centerpiece for the wedding of their only child.  It seems to me you can ask for a whale of a price and wait for the right buyer to come around.  It'll take time, but worth the wait.

Edit:  kids born in 1993 are 23 now, not quite the average marriage age for the riches, so hold on to it for another 5 years may be a sound investment strategy.

Welcome to CCF, and thanks for the spectacular photo!

Offline poconopenn

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #4 on: June 06, 2016, 11:44:38 PM »
Welcome to the forum and thanks for showing us such a rare coin.

MCC with double digit mintage can fetch at least $200,000 in auction. It has nothing to do with the weight of the coin.  You have just missed this year’s Heritage Auction in H.K., which is considered to have the highest visibility auction for MCC. Perhaps, you can try next year and hopefully, the market will be better. I have no doubt that all major auction houses in China will like to cosign and promote this coin for you. It can be significant difference in the auction result, if the auction house is willing to promote and make this coin as the top listing of the auction. Good luck.

Offline VincentD123

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #5 on: June 07, 2016, 01:49:00 AM »
Thank you everyone for your quick responses. I actually took the coin to heritage auction house and they told me it was too late to auction the coin in this upcoming HK auction in August, however, they did offer to take the coin to the August auction and place it on the main display ads well as putting the coin on the cover of the December HK auction catalog, place it on their main display, and do a tremendous amount of advertising. This will give buyers in HK a preview of the coin and is also great advertising. I'm thinking this may be a great option. I also have the exact same coin in silver (mintage of 500). Was thinking it may be a good idea to auction as a pair?

Offline Hippanda

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #6 on: June 07, 2016, 02:28:02 AM »
No, do not auction as a pair.

*Unless you really want to move them, at a lower price.
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline banyantree

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #7 on: June 07, 2016, 02:31:57 AM »
Wow. What a great coin.

Offline VincentD123

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #8 on: June 07, 2016, 02:33:10 AM »
No, do not auction as a pair.

*Unless you really want to move them, at a lower price.

Any specific reason for this? Also, is it possible this may become a million dollar coin in the next 5 years?

Offline Hippanda

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #9 on: June 07, 2016, 02:34:05 AM »
My "financial advisor" recommends you sell it to me at less than the same price you paid, and take the very beneficial "tax loss"
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline Hippanda

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #10 on: June 07, 2016, 02:35:40 AM »
Any specific reason for this? Also, is it possible this may become a million dollar coin in the next 5 years?

Slim.
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline banyantree

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #11 on: June 07, 2016, 02:39:15 AM »
Sure, this is a very special coin . But certainly not a coin , the $ 1 million cost in a few years .

Offline Tao-Panda

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #12 on: June 07, 2016, 03:29:37 AM »
 :001_tt1: :001_tt1: :001_tt1: :001_tt1: :001_tt1: :001_tt1: :001_tt1: :001_tt1: :001_tt1: :001_tt1:

If I was the lucky owner of such a coin, I would never sell it... only if I really need money to eat.
This coin is a real treasure which must be kept.
So, my advice: keep it preciously !

PS: for the pleasure of the eyes, could you post other photos ?

Offline jc888888888

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #13 on: June 07, 2016, 06:24:03 AM »
VincentD123 ,you are on the right track:)   the heritage auction in hk that is well publicized is the way to go ...... The projected value of the coin is what someone is willing to pay for it :) with folks in china spending 6 figure money buying panda master sets there is certainly money in HK willing to pay for the coin ..It is stunning for sure . IMHO the value of that coin has a lot to do with a matter of luck:).It certainly is a 6 figure coin.And here is what I mean about luck..... If 3 or 4 people show up at the auction with essentially unlimited money and all want it bad it could be a million dollar coin . there are many people in china that a million is like $100 to me:) . you just need the right 2 people bidding at the end ... I would put a reserve on the coin   200,000k at least so you dont get subject to horrible bad luck .... Personally myself I would not sell that coin to re-invest in bullion that IMHO is not a better investment you would be better off trying to time a better economic cycle which is tricky. Though it is a nice problem to have the problem with a coin like that is value is going to always be dictated by the luck of the "room" as a well publicized famous auction is the only way to sell that coin :).  IT is a shame that Nick Brown is not still alive ..he sure loved coins like that:) Rest in peace Nick ................... he could have given you some great advise no one handled more rare large gold MCC than him. 

Offline mook

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #14 on: June 07, 2016, 07:07:00 AM »
While agree with Tao Panda
This really is not the time to sell such wealth.
Unless one offers you more than a million dollars.