Author Topic: 1993 20 oz gold 1500 yuan two peacocks.  (Read 13297 times)

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Offline VincentD123

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #30 on: June 09, 2016, 02:54:46 AM »
Well, i know in 2011 (peak of the market) the coin was reaching the 400k mark. I don't see why with the proper amount of advertising, the right auction, and a good amount of people in the room who really want the coin, that those numbers should sound unrealistic. The fact that the coin is so rare, and who knows, it could be another ten years before one comes back on to the market should definitely play a role (At least in the emotional aspect) in the bidding war. I'm also willing to do as much as I can to advertise the coin on my own part. Whatever that entails. I would like to get in touch with as many super wealthy collectors of MCC as I can and let them know the coin will be available for auction.

Offline KeyDate1/2ozPandas

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #31 on: June 09, 2016, 02:55:05 AM »
The only two that I trust to auction my coins are Heritage and Stacks.  It is not which auction house is best, but rather what is the market like when the auction occurs and how much of the hammer price will each auction provide to you.  If gold drops $100 the day before your auction, enthusiasm to bid up decreases even though your coin is 10x times melt value.  Alternatively, the value of rare cultural modern coins is still low compared to the highs of 2011.  Many of the rare cultural pieces are selling 40%-70% below their peak values.  I personally would not be a seller of this coin in the current market, I would wait until the market for cultural pieces is rising.  Finally, there are very few bidders for coins at this price point during a bear market and often the buyers work together legally to keep prices down. 

Find something else to sell.  

Offline Tao-Panda

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #32 on: June 09, 2016, 03:11:30 AM »
As Arif told, prices are currently very low regarding their peak.
Now, it is time to buy, not to sell.

Offline VincentD123

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #33 on: June 09, 2016, 03:23:07 AM »
That was actually one of my main questions. From my research on MCC and knowledge on economics, I see the market returning to a bullish state in the very near future, and the value of a coin like this starting it's return back to its peak value. Would I be correct in assuming this? As I said before, no one can make exact predictions but I'm sure a lot of you can make very good educated guesses when it comes to this, due to the fact that many of you earn your livelihoods through these markets.

Offline Tao-Panda

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #34 on: June 09, 2016, 04:30:56 AM »
As you, I think that market has reached its low point and that it will return bullish.
But when... that's the question.  :confused1:
And because I'm not a prophet, I cannot make any prediction  N21
But currently, it is still time to buy, not to sell.

Offline PandaCollector

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #35 on: June 09, 2016, 05:29:42 AM »
That was actually one of my main questions. From my research on MCC and knowledge on economics, I see the market returning to a bullish state in the very near future, and the value of a coin like this starting it's return back to its peak value. Would I be correct in assuming this? As I said before, no one can make exact predictions but I'm sure a lot of you can make very good educated guesses when it comes to this, due to the fact that many of you earn your livelihoods through these markets.

The market for coins like this is not the same as the general coin market, or bullion markets. For a long time this sector was pushed up by so-called gift buying in China. Ever since that fell into disfavor prices have been much lower. There are dealers in China who accumulate this sort of coin and for the last several years their strategy has been to wait for the coins to come to them at tne right prices.  What has come their way already impresses me.

It would surprise me if there was a bidding war for this coin now. There are actually rarer ones out there, too. If you want to get anything like the previous highs, you will have to wait until circumstances are in your favor.

As for auction houses in Hong Kong, Stacks-Bowers has the most experience. Ask for Kyle or Rick Ponterio in their California office. You can compare with Heritage.

Best wishes,
Peter Anthony
China Pricepedia
www.pandacollector.com

Offline banyantree

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #36 on: June 09, 2016, 07:13:19 AM »
Here an Auktion bevor a half year ( grading 69 )

http://auc.yjzx.com/JingPai/show/sta/1/tid/21966/pid/31129.html

Offline VincentD123

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #37 on: June 10, 2016, 02:50:33 AM »
Here an Auktion bevor a half year ( grading 69 )

http://auc.yjzx.com/JingPai/show/sta/1/tid/21966/pid/31129.html

alized 880k at auction in 2015? From what I know there were 250 of these coins minted and only 66 of the 20 oz gold peacocks. What is the reason this coin is so much more valuable? Having problems posting and quoting sorry for the repetitive posts. Not sure I'm in reading the info on this link correctly it's all in Chinese and I don't see the option to view in English.

Offline banyantree

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #38 on: June 10, 2016, 03:12:37 AM »
I think, this coin is a 200.000 US Dollar coin, but not a Million Dollar coin.

Offline 1668Chris

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #39 on: June 10, 2016, 07:42:34 AM »
alized 880k at auction in 2015? From what I know there were 250 of these coins minted and only 66 of the 20 oz gold peacocks. What is the reason this coin is so much more valuable? Having problems posting and quoting sorry for the repetitive posts. Not sure I'm in reading the info on this link correctly it's all in Chinese and I don't see the option to view in English.

The price is in China yuan.  You need to divide by about 6.2 .  I forget the current fx rate.

Offline 1668Chris

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #40 on: June 10, 2016, 07:46:42 AM »
Today's fx rate is 6.56

Offline VincentD123

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #41 on: November 24, 2016, 07:42:49 PM »
Hello, I realize this is a bit last minute notice, however, in i have consigned my 1993 20 oz gold 1500 yuan two peacocks coin with heritage auctions, and it Will be auctioned off on December 8th in the world coins Hong Kong auction. I realize that this may not be the best market to be a seller of this coin, and having had this coin for 20+ years i wish i was able to hold on to it for a few more years, but my financial situation is leaving me no choice. I know the auction house has done a slew of advertising for me. They listed the coin as the "featured" item of the auction, as well as put the coin on the cover of the catalog. I tried hiring a few PR firms in HK to help me with further advertising, but none of the agencies felt like they could be of any help. I know this coin is a symbol of marriage in the Chinese culture, and is one of the most prestigious wedding gifts one can give. I was hoping to find a way to get the names and contact information of any super wealthy Chinese who have announced any intentions of getting marries, as well as the names and contact information of any collectors or rare MCC. Can anyone assist in obtaining any of this contact information?

https://coins.ha.com/itm/china/world-coins/china-people-s-republic-gold-peacock-proof-1500-yuan-20-oz-1993-pr68-ultra-cameo-ngc-/a/3050-37253.s?ic4=GalleryView-Thumbnail-071515



Offline mook

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #42 on: November 25, 2016, 10:21:05 AM »
It seems to me that it is ill-advised to sell today, the market is really flat, it is a buyer's market, not a seller's market.

Offline silberschatzimsee

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #43 on: November 25, 2016, 11:54:04 AM »
I would have consigned it with a big dealer and tried to arrange some kind of private deal. But ok you needed cash fast and its understandable.

Sadly the auction is not without reserve otherwise i would have particpated most probably(with 100 $ N16) eventhough i am competely broke.

Wish you good luck for achieving a sum you can use for your situation.

Offline silberschatzimsee

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Re: 1993 20 oz gold 1500 yuan two peacocks.
« Reply #44 on: December 08, 2016, 01:55:40 AM »
Sold for 171K