Author Topic: China 1980-1990 9-Uncut Sheet of Banknotes  (Read 7695 times)

0 Members and 3 Guests are viewing this topic.

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
China 1980-1990 9-Uncut Sheet of Banknotes
« on: December 20, 2010, 12:10:39 PM »
http://www.pandaamerica.com/details2.asp?page=3&grp=2&categ=66&item=2220

Talk about suddenly finding a few thousands dollars in my bloody bedroom.  I visited one of the shops where I purchase my coins, then suddenly these RMB notes caught my eye. Dam were they expensive, they range from HKD 30000 - HKD 50000 + (divide by 7.8 for uSD)(Depends on the year of issue).

Anyway, suddenly I remember that some friend of my mum in the past gave me the exact same set as the above link.

I Found it in a cupboard and there they are, still in pristine condition thanks to the package. Me no expert in Banknotes, as a matter of fact me have no interest in Paper money. But Any of you guys here got any knowledge regarding RMB notes, specifically like the set from the link? Should I cash them out and get cash for more coins or stay put for a few more years hoping that they got more potential upside?  :confused1:

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2604
  • Karma: 225
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #1 on: December 20, 2010, 12:50:41 PM »
Yes, it will be worth much more than the price listed at pandaamerican, about 10 times more, if the series # of all nine uncut of 4 banknotes are matched. The current price for 1980 50 yuan uncut of 4 banknotes is about $1,500 and 1980 100 Yuan is about $1,000. See the attached link for current price.

http://www.jibi.net/newclub/dispbbs.asp?boardid=58&Id=212273

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #2 on: December 20, 2010, 07:14:31 PM »
Hi, the numbers are the same.

But I think, the 100, 50 & 1 other year is 1990, 1 yuan is 1996, the remaining are 1980.

ITs kind of strange that they are printed different years but enjoy the same set numbers.

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2604
  • Karma: 225
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #3 on: December 20, 2010, 09:32:32 PM »
The completed 4th series RMB consists of 17 notes: 1, 2 and 5 Fen (year of 1953); 1, 2, and  5 Jaio, 1, 2, 5, 10, 50 and 100 Yuan (year of 1980), 1, 2, 50, and 100 Yuan (year of 1990); 1 Yuan (year of 1996). For completed 4th series with same 8 series # of  4 uncut banknotes set, the current price is about $15,000. If I understand correctly, your set has 9 banknotes. The current value of your set will be about $3,500.   

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #4 on: December 20, 2010, 10:41:34 PM »
wow, thanks for the update.... I think I will just keep on holding to it, but with more protection.

Offline badon

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 4487
  • Karma: -81
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #5 on: December 20, 2010, 11:39:06 PM »
Nice find! Congratulations. I get excited when I find a dollar in my pocket :)

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #6 on: December 21, 2010, 01:46:23 AM »
Badon, I am actually thinking of selling this out and buying myself a 1998 1 OZ gold panda from Panda America.

Gonna drop by the shop to see how much they will offer for this.

Offline badon

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 4487
  • Karma: -81
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #7 on: December 21, 2010, 01:56:34 AM »
That sounds like a good trade to me - paper for gold! I'd do it. What kind of 1998 panda are you going to get?

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #8 on: December 21, 2010, 02:07:47 AM »
http://www.pandaamerica.com/sresult.asp?keyword=China%201998%20Panda&sortby=dateasc

THe 1 oz one. I keep on asking PA about what size is the date, for some reason they keep on ignoring me...


Well I gave up on the idea of getting it (before yesterday) as I just simply don't have that much liquidity that I can spare to get it, until I found this paper set.

I also agree paper for gold? Anytime.... but was just thinking if I can squeeze more money out of it by holding it a little bit longer. Depending how much they are offering later, I think I will just have to weight which have more short term appreciation potential.

When I was eying that 1998 1 OZ gold panda it was only 20?? USD.  :glare:


Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #9 on: December 21, 2010, 02:30:54 AM »
Well noted. Will do hopefully will get a good price for this.... Well I also hope that PA will have that coin, since coins they don't have, I thought they will just simply listed as "call them" or something like that.

Offline badon

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 4487
  • Karma: -81
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #10 on: December 21, 2010, 02:34:07 AM »
It's also possible that they have the coin, but someone has committed to buy it. There are many reasons why a dealer will ignore a potential buyer of a rare coin. Most of the time, it still bothers me. I prefer to have some kind of explanation, even it's as simple as "I'm not sure I still want to sell this, let me think it over".

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #11 on: December 21, 2010, 03:06:37 AM »
by the way if the box is got a bad bump on it, will it affect the value? I mean the book itself is perfectly fine, I will try to get some pictures tomorrow.

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #12 on: December 21, 2010, 10:39:47 PM »
I just a talk to the shop, they say that they will only willing to take it back at around 1800 - 2500 Max, as they will be looking for a profit too.

From her information she says that the wave have just stop for the mean time. But she said rumors have it that it could double in the immediate future. She will check what the big boss of the shop will offer ( havent gimme a fix price yet) anyway. WEnt home have a small chat about the little gift from her friend now turns out to be big ass one. She also believes that it will rise in value especially in Chinese new year... According to my mum ( she works in a chinese company and have some exposure to the Money and Stamp collecting), that sets like these are now some prefer gifts to "local bosses and great leaders (aka corruption) As a result when u buy gifts to these ppl, they have to have value (according to my mum's logic)

Anyway the shop says they dont have a 1998 gold panda anyway. I will be droping by another shop later. To see how much the are offering. Then on Sunday will be droping by shenzhen to see how much can these be sold in China. I think I will wait till after Chinese new year to see if the 2nd wave does come.

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #13 on: December 21, 2010, 10:40:40 PM »
the price is USD above

Offline poconopenn

  • Supporter
  • Trade Count: (+7)
  • Hero Member
  • *****
  • Posts: 2604
  • Karma: 225
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #14 on: December 21, 2010, 11:56:33 PM »

Offline dobedo

  • Trade Count: (+2)
  • Sr. Member
  • ****
  • Posts: 441
  • Karma: -2
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #15 on: December 22, 2010, 12:12:50 AM »
Not sure what babycyt23 is talking about - PA lists 1998 1oz gold panda as "Please call..." ???

Offline badon

  • Trade Count: (0)
  • Hero Member
  • *****
  • Posts: 4487
  • Karma: -81
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #16 on: December 22, 2010, 12:24:34 AM »
dobedo, they must have changed it. When I looked at it, they listed a price. I think my guess was correct that they didn't have the coin.

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #17 on: December 22, 2010, 04:20:30 AM »
ooo crap..... well if thats the case I will just hold on to the set for a while....

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #18 on: December 22, 2010, 09:51:15 AM »
I concur Bandon.... I visited the other shops in HK, they simply quoted me something similar, anyway me got holi tmr and going to drop by shenzhen hoping to get a better price. Perhaps 20000 RMB will still be better than 20000 HKD.

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #19 on: December 22, 2010, 10:03:58 AM »
perhaps someone here saw the link and bought it........ ahhhhh uuuu bastard...... j/k

Offline BChung

  • Trade Count: (+3)
  • Sr. Member
  • ****
  • Posts: 673
  • Karma: 17
Re: China 1980-1990 9-Uncut Sheet of Banknotes
« Reply #20 on: December 24, 2010, 04:13:52 AM »
nope its back up.... 300 increase in 2 days. dammit.