Author Topic: directly accessing asian market buyers of pandas.  (Read 3705 times)

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Offline Bluefin646

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directly accessing asian market buyers of pandas.
« on: January 21, 2017, 01:00:36 PM »
good afternoon,

what are the most direct methods of accessing asian buyers of pandas?

looking for non dealer, non auctions methods, whether they are forums, craigslist type 'wanted', or places to post coins directly to asian buyers.

to be clear, i would be selling coins, and looking to sell directly to asian individuals.

Offline r3globe

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Re: directly accessing asian market buyers of pandas.
« Reply #1 on: January 21, 2017, 03:11:06 PM »
You are describing this forum. This forum matches all of your criteria.

Online KeepOnTrying!

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Re: directly accessing asian market buyers of pandas.
« Reply #2 on: January 21, 2017, 08:38:46 PM »
Once you reach the required number of (meaningful) posts you can sell in the B.S.T. section. I'll say you are most likely to sell items here than in other forums (AFAIK).

There may be sales channels in or to China but you need to research that.

eBay is still an option and will get you the best exposure to the international scene and probably the most sales.
KeepOnTrying and Never Give Up!
That lion is also after you!

Offline Bluefin646

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Re: directly accessing asian market buyers of pandas.
« Reply #3 on: January 22, 2017, 08:02:49 AM »
eBay costs too high.

What happened to the auction on this forum?  Seems that it did not work.


Offline 1668Chris

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Re: directly accessing asian market buyers of pandas.
« Reply #4 on: January 22, 2017, 10:24:14 AM »


to be clear, i would be selling coins, and looking to sell directly to asian individuals.

Why do you care who buys your coins as long as you get what you think is fair market value????

Offline Bluefin646

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Re: directly accessing asian market buyers of pandas.
« Reply #5 on: January 22, 2017, 11:35:21 AM »
What is fair market value?

Offline r3globe

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Re: directly accessing asian market buyers of pandas.
« Reply #6 on: January 22, 2017, 12:03:10 PM »
It is en estimate of value based on recent & relevant sales of comparable coins. The more common the coin , the easier it is to find comparable sales. Asian buyers will not necessarily pay more for a coin. Also, even if the asian buyer will pay a higher price, you still have to get it to him/her. There are fees and risks involved with that. I believe the fees and risks in today's market erase any gain. We are in a buyers' market for most coins. If you want top value, wait 2-3 years.

Offline bender9876

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Re: directly accessing asian market buyers of pandas.
« Reply #7 on: January 22, 2017, 12:45:01 PM »
Well stated

Offline bender9876

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Re: directly accessing asian market buyers of pandas.
« Reply #8 on: January 22, 2017, 12:51:14 PM »
Bluefin646, Have you sold on this forum yet? Or bought from anyone here?

Offline Bluefin646

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Re: directly accessing asian market buyers of pandas.
« Reply #9 on: January 22, 2017, 02:58:59 PM »
Not permitted to do so, yet.

Offline bender9876

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Re: directly accessing asian market buyers of pandas.
« Reply #10 on: January 22, 2017, 03:04:48 PM »
You can buy. if you want to.

Online KeyDate1/2ozPandas

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Re: directly accessing asian market buyers of pandas.
« Reply #11 on: January 22, 2017, 07:14:57 PM »
The 60 day and 50 post rule is in place to reduce risk of fraudulent sellers stealing money from forum members.  I have seen several con artist trying to sell on here before these rules were in place and several forum members got ripped off.   The members were partially to blame as their greed the best of them and they sent wires to sellers in foreign countries and/or to sellers that had no track record of sales on the forum or ebay.  Also, a big risk of buying on forum is buying stolen merchandise from unproven sellers, if you end up buying stolen merchandise the police requires you return it to lawful owner without any reimbursement, unless the seller is caught and his assets are liquidated to pay you off, which is rare.

If it were up to me, I would tighten the rules on selling to require an ebay account with a history of sales or purchases of similar items, or reference from forum members or major dealers to show credibility.  Second, require sellers in their forum profile to list their email and phone number, I can't understand why someone would buy from someone using forum messaging system as the only method of communication. 

As for the best way to sell your coins, I would recommend you crack them out and submit to NCS if you want to get the best prices for them.  No collectors are buying ANACS holders these days as their grading standards are lower than NGC and ebay won't even accept ANACS coins to be listed as certified on their platform.  If you don't want to keep them in ANACS holders then dealers will be your best bet to sell the coins, as they will buy them and get MS69 quality one holdered in NGC or lower grades sell to master sets assemblers.

Offline bender9876

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Re: directly accessing asian market buyers of pandas.
« Reply #12 on: January 23, 2017, 02:09:04 PM »
Thanks Arif, I agree, before I would buy (which I have here from proven sellers). He would need some proof other than pictures of coins. EBay account might be good but I would still second guess with ratings from sellers here. I understand everyone has to start somewhere, but at least EBay is a stepping stone. Thanks for you great advice, Jim

Offline Bluefin646

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Re: directly accessing asian market buyers of pandas.
« Reply #13 on: January 23, 2017, 02:34:10 PM »
ebay way too expensive.

Offline bender9876

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Re: directly accessing asian market buyers of pandas.
« Reply #14 on: January 23, 2017, 02:50:21 PM »
Well I think you will have to prove yourself here. Im sure when you try to sell the experianced guys here will set you straight. They are really nice, but very hard to fool. Expect alot of questions. Good Luck. Ebay is expensive, between ebay & paypal I get hit with 13%, but I know the cost going in. By the way I have 100% with 590 leaving positive feedback. There are alot of buyers that dont even bother to leave feedback. My EBay is bender98762012 if you want to verify.

Offline Bluefin646

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Re: directly accessing asian market buyers of pandas.
« Reply #15 on: January 23, 2017, 03:00:50 PM »
i appreciate the effort not to be fooled, however, not in the business of 'fooling', thus nothing to be concerned about here.

i guess i find it ironic that i come to a forum to get away from 'fees' and everyone is taking about why fees make sense.

have rated coins, trying to find values, and potentially sell, most likely hold those coins. 

would have no idea where to even start on how to get a 'fake' panda, graded.  Sounds very funny to even say.


Offline bender9876

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Re: directly accessing asian market buyers of pandas.
« Reply #16 on: January 23, 2017, 05:58:12 PM »
But the are people that have figured out how to get them graded? Its a tough world we live in

Offline bender9876

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Re: directly accessing asian market buyers of pandas.
« Reply #17 on: January 23, 2017, 08:03:51 PM »
sp (There)

Online KeyDate1/2ozPandas

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Re: directly accessing asian market buyers of pandas.
« Reply #18 on: January 23, 2017, 11:22:11 PM »
Ebay is not always expensive.  I got promotion that allows me to list 250 coins without fee and first 5 that I sell will have no final value fees, which leaves just 2.9% paypal fee.  The best part is many that recognize me from Ebay call or text me and coins sell without any fees to either side.  If you want to get good offers from ebay, under preferences specify promotional emails be sent to you, most of them a junk but every 1-2 weeks a gem will appear for either free selling or 8-10% ebay bucks. 

Offline mowi

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Re: directly accessing asian market buyers of pandas.
« Reply #19 on: January 24, 2017, 02:54:37 PM »
Ebay is not always expensive.  I got promotion that allows me to list 250 coins without fee and first 5 that I sell will have no final value fees, which leaves just 2.9% paypal fee.  The best part is many that recognize me from Ebay call or text me and coins sell without any fees to either side.  If you want to get good offers from ebay, under preferences specify promotional emails be sent to you, most of them a junk but every 1-2 weeks a gem will appear for either free selling or 8-10% ebay bucks. 

Arif, thanks for another good tip!

Offline PandaCollector

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Re: directly accessing asian market buyers of pandas.
« Reply #20 on: January 25, 2017, 07:57:38 AM »
good afternoon,

what are the most direct methods of accessing asian buyers of pandas?

looking for non dealer, non auctions methods, whether they are forums, craigslist type 'wanted', or places to post coins directly to asian buyers.

to be clear, i would be selling coins, and looking to sell directly to asian individuals.

Jibi.net has listings like Craig's list from individuals in China, but I am not sure it is open to non-residents. It is also entirely in Chinese if that matters to you.

WeChat has an active market, but you need to become a member of a group. There are other sites, too.

You might go to a coin club meeting in Asia. Shanghai is a good starting point with a large club. You can meet plenty of English-speaking dealers in Hong Kong and maybe some collectors, too, at any of the half dozen shows that are now competing for business there. There are several hundred members of the Macao coin society and they have meetings.

I can also think of one absurd method, but it would be guaranteed to attract attention and collectors.

Don't forget to declare your coins if you enter China. The duty is 17% (as I recall). Personally, I think that dealers and auctioneers who buy, sell and deliver coins between regions do provide a service. I'm OK with paying them for it.

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


Offline bonke

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Re: directly accessing asian market buyers of pandas.
« Reply #21 on: January 25, 2017, 12:54:58 PM »
Peter

I find your suggestions to be "interesting".  I have traveled to the PRC, Hong Kong and Macau several or more times, searching for items for my collection.  At times, I have seen people who were probably collectors in the coin and stamp markets in Beijing and Shanghai.  Certainly, they had no interest in meeting me (or buying anything from my collection or selling me anything from their collections).  At the auctions in Kowloon and Macau, I have met a couple of collectors who sat next to me and helped me understand the flow of the auction (when the primary language is Chinese).  Again, they had no interest in buying or selling.  They were just being nice to me. 

Mark Bonke

Offline PandaCollector

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Re: directly accessing asian market buyers of pandas.
« Reply #22 on: January 25, 2017, 08:56:48 PM »
Peter

I find your suggestions to be "interesting".  I have traveled to the PRC, Hong Kong and Macau several or more times, searching for items for my collection.  At times, I have seen people who were probably collectors in the coin and stamp markets in Beijing and Shanghai.  Certainly, they had no interest in meeting me (or buying anything from my collection or selling me anything from their collections).  At the auctions in Kowloon and Macau, I have met a couple of collectors who sat next to me and helped me understand the flow of the auction (when the primary language is Chinese).  Again, they had no interest in buying or selling.  They were just being nice to me. 

Mark Bonke

Hi Mark,

The original poster's request would be difficult to fulfill. I hope that was made clear by my answer.

It is always enjoyable to meet you at shows.

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


Offline bonke

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Re: directly accessing asian market buyers of pandas.
« Reply #23 on: January 26, 2017, 09:20:06 AM »
Peter

Without doubt, I enjoy every opportunity to talk with you.  You are a very friendly, kind and considerate person.  A pleasure to know.

I am interested in your statement "I can also think of one absurb method, but it would be guaranteed to attract attention and collectors."  Do you care to elaborate?

Mark Bonke

Offline Rarityhunter

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Re: directly accessing asian market buyers of pandas.
« Reply #24 on: January 26, 2017, 10:26:22 AM »
Jibi.net has listings like Craig's list from individuals in China, but I am not sure it is open to non-residents. It is also entirely in Chinese if that matters to you.

WeChat has an active market, but you need to become a member of a group. There are other sites, too.

You might go to a coin club meeting in Asia. Shanghai is a good starting point with a large club. You can meet plenty of English-speaking dealers in Hong Kong and maybe some collectors, too, at any of the half dozen shows that are now competing for business there. There are several hundred members of the Macao coin society and they have meetings.

I can also think of one absurd method, but it would be guaranteed to attract attention and collectors.

Don't forget to declare your coins if you enter China. The duty is 17% (as I recall). Personally, I think that dealers and auctioneers who buy, sell and deliver coins between regions do provide a service. I'm OK with paying them for it.

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



Hi Peter

I'm in China. There's so many weekly auctions in China now, so the Jibi's forum might not be so popular.

Chinese customs has office in post office dealing with parcel from oversea, I think they should have office in express couriers as well. The tax-free threshold is only 1000RMB I believe, but the customs can issue ticket to the recipient if they think it beyond reasonable personal usage. Well, that's what they say. VAT will be 17% as you said, custom tax on gold and silver is 10%.
While not every parcel got taxed.

For people pass the border on foot, like Shenzhen-Hong Kong, once beyond 50gram of gold, they need to declare.
How people bought from Hong Kong auctions and bring items back, that'll be interesting story.
I have no idea how mainland dealers one Ebay ship their orders via express courier oversea, technically that's illegal, but...

Sam

Offline Rarityhunter

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Re: directly accessing asian market buyers of pandas.
« Reply #25 on: January 26, 2017, 10:34:52 AM »
Also Chinese currency and foreign currency does not freely exchange, banking costs occur. Not to mention large sum of cash flow will possible attracting trouble. So dealers might bear risks.

Offline PandaCollector

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Re: directly accessing asian market buyers of pandas.
« Reply #26 on: January 27, 2017, 04:52:36 AM »
Peter

Without doubt, I enjoy every opportunity to talk with you.  You are a very friendly, kind and considerate person.  A pleasure to know.

I am interested in your statement "I can also think of one absurb method, but it would be guaranteed to attract attention and collectors."  Do you care to elaborate?

Mark Bonke

OK, here goes: if you visit Lugong coin market in Shanghai on a sunny, weekend day you will see a dozen or two people across the street who have spread out blankets. Here they try to sell coins, stamps and other collectibles to the collectors who come to Lugong. A foreigner and his coins would attract a great deal of attention! I can't help but add, though, that this is how the coin markets in China began 35 or so years ago; people in parks met and displayed their coins on blankets. One coin dealer I talked to remembers vividly how he got arrested as a teenager on suspicion of making a profit. His father had to come to the police station to get him released. He received a stern warning not to do it again.

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




Offline Rarityhunter

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Re: directly accessing asian market buyers of pandas.
« Reply #27 on: January 27, 2017, 07:54:21 AM »
Just been to Lugong last Month, first time in 6 years. I was there on a Wednesday, maybe. So I didn't find much ppl on the street.
It is a new building now. Check out this:
http://blog.sina.com.cn/s/blog_72328ea70102vrcn.html

It doesn't looks like LCS in US or Europe, more like a coin show.

Offline Rarityhunter

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Re: directly accessing asian market buyers of pandas.
« Reply #28 on: January 27, 2017, 08:21:21 AM »
Just recalled back 7,8 years ago, when I started to buy Chinese coin from oversea. I found people from the States selling coin on Ebay, asking for what kind of coin there might have for sale thru eBay message, and directly wire payment to them, before even been well known friends. Luckily I traded with honest people.

Offline eric

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Re: directly accessing asian market buyers of pandas.
« Reply #29 on: January 27, 2017, 12:49:05 PM »
Here is a picture of the street sellers from the above mentioned blog post...



I think it's a good idea Peter. I'd be willing to try it if I ever have the occasion to go there. I'd be nervous to put gold coins out on the sidewalk though. And the cost of travel to Shanghai might be more than ebay fees :-)