Author Topic: 1988 Dragon Coin Auction Price and Copper Spots  (Read 1886 times)

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Offline Nobleone

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1988 Dragon Coin Auction Price and Copper Spots
« on: October 05, 2011, 01:35:54 PM »
On Sep 27, 2011, an auction on eBay ended on a 1988 China/Chinese 100 Yuan 1oz. Gold Coin NGC Proof 69 Year of the Dragon RARE, sold for $3,900.00.  If you click on the links below you will see that the coin has imo unsightly copper spots on the coin. 

http://www.ebay.com/itm/1988-China-Chinese-100-Yuan-1oz-Gold-Coin-NGC-Proof-69-Year-Dragon-RARE-/220860168638?pt=LH_DefaultDomain_0&hash=item336c4ab9be#ht_723wt_1270

The question is: How much did the copper spots affect the auction price?

There could have been other factors that are hard to ascertain such as market downturn or falling gold prices.

My take is that the coin should have reached in the $4,200.00 to the $4,400.00 even with the spots. 

Offline PandaCollector

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Re: 1988 Dragon Coin Auction Price and Copper Spots
« Reply #1 on: October 05, 2011, 01:55:16 PM »
This specific coin was discussed earlier. Some Forum members were concerned that the coin had nicks along the rim, although it looked to me like the problem was with the photo, not the coin. I don't think the price was bad, though; another 1 oz. gold dragon brought $4,130 (incl. premium) in Hong Kong in August, so for eBay this is a respectable result.

Best wishes,
Peter Anthony
http://www.pandacollector.com