Author Topic: Hong Kong Coin Show by Jay Feldis  (Read 3684 times)

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Offline exchange

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Hong Kong Coin Show by Jay Feldis
« on: October 25, 2011, 03:55:15 PM »
In August, I attended the 2011 Hong Kong International Coin Convention.  The Hong Kong show is the world's #1 show for Chinese Modern coins, and I wanted to get the pulse of the market in Asia.

Compared to the major coin shows in the US, the HK show is physically small, occupying a little more than a ballroom at the Holiday Inn in Kowloon.  Surprisingly, the show floor is about 70% occupied with watch dealers - a throwback to when coin and watch dealers needed to join forces to draw enough visitors.  However, now it appears that the fairly small contingent of dealers in Chinese coins attracts the majority of traffic.

Attendance at the show was overwhelming.  The bourse floor was so packed with people, that you couldn't walk the aisle or see the dealer tables without pushing your way between bodies.  US shows feel like a leisurely stroll in a spacious mall by comparison.

Just prior to the first day opening, a large contingent of dealers from the Chinese mainland descended on the tables of the major US and European dealers, each elbowing their way into position to try to be the first in line to buy.    It was very clear that these wholesale buyers were very hungry for any new material they could find to feed what must be very strong demand in Shanghai and Beijing.

As I have mentioned previously in this blog, most Pandas and many other Chinese modern coins were exported to the west up until about 2001.  Therefore, most of the desirable coins are outside of China and are now making their way home.

For coin dealers, the first day of the show could be described as a feeding frenzy.  Buying was fast and furious, and there was little or no negotiation for the most desired coins.  To say that money was being thrown at coins would not be an overstatement.  At times, paper money was actually thrown on the counter to try to close a deal.

Before and after the show, there were coin auctions in nearby hotels held by Baldwin, Spectrum, and Champion.  The Champion auction was focused entirely on modern Chinese coins and had the most high-end coins overall.

The next show will take place in early December.

Link:
http://rare-panda-coins.blogspot.com/2011/10/hong-kong-coin-show.html

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Offline Batman

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #1 on: October 25, 2011, 04:02:21 PM »
Thanks Exchange.  Its interesting that the US market is extremly stagnant whereas the china market is very active.  I have said this for a very long time. I also believe prices in the US are very cheap in comparison (I believe many sellers know this which is probably one of the reasons for a reluctance to lower prices).  Something will give sooner or later.

Offline exchange

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #2 on: October 25, 2011, 04:12:25 PM »
Thanks Exchange.  Its interesting that the US market is extremly stagnant whereas the china market is very active.  I have said this for a very long time. I also believe prices in the US are very cheap in comparison (I believe many sellers know this which is probably one of the reasons for a reluctance to lower prices).  Something will give sooner or later.

Batman, I agree.
The US market is stagnant but that is to be expected as Americans become poorer while the opposite is happening in Asia.

I beleive the market will create a way for US collectors to interact with Chinese collectors. It could be ebay or it could be something else. Chinese want their coins back, I think we can all agree with that and the market will find a way for that to happen.

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Offline Batman

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #3 on: October 25, 2011, 04:21:00 PM »
Agreed, I just said the same thing on the pandamania thread.  I also made a suggestion in one of my articles last month.  The concept would be for a reputable China dealer and reputable US dealer to join forces and offer services including money exchange, guaranteed shipment, coin authentification, etc.  Maybe it starts out like a trading club where members pay a fee to join.  This would weed out the riff raff. 

The market is definitely lacking global commerce with ebay filling some of the gap but not all.

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #4 on: October 26, 2011, 12:57:28 AM »
Agreed, I just said the same thing on the pandamania thread.  I also made a suggestion in one of my articles last month.  The concept would be for a reputable China dealer and reputable US dealer to join forces and offer services including money exchange, guaranteed shipment, coin authentification, etc.  Maybe it starts out like a trading club where members pay a fee to join.  This would weed out the riff raff. 

The market is definitely lacking global commerce with ebay filling some of the gap but not all.

JAY!!   didnt know you were exchange!  LOL   see ya in Dec!
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Offline exchange

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #5 on: October 26, 2011, 08:16:02 AM »
JAY!!   didnt know you were exchange!  LOL   see ya in Dec!

Sorry to disappoint but I am not Jay.

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Offline ghostrider80811

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #6 on: October 26, 2011, 11:17:01 AM »
Agreed, I just said the same thing on the pandamania thread.  I also made a suggestion in one of my articles last month.  The concept would be for a reputable China dealer and reputable US dealer to join forces and offer services including money exchange, guaranteed shipment, coin authentification, etc.  Maybe it starts out like a trading club where members pay a fee to join.  This would weed out the riff raff. 

The market is definitely lacking global commerce with ebay filling some of the gap but not all.


Ill be waiting for this to happen.  Free market competition is always good for the consumer and can give these auction houses a run for their money. 

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #7 on: October 26, 2011, 10:46:54 PM »
Sorry to disappoint but I am not Jay.

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LOL  saw the title & assumed wrongly you were jay
EMERGING MARKET GROUP  
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GO TO my Ebay Click: http://stores.ebay.com/worldcollectibles310

EMERGING MARKET GROUP

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Offline Sellcoins

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Re: Hong Kong Coin Show by Jay Feldis
« Reply #8 on: June 05, 2012, 09:35:38 AM »
Hi,

I'd like to visit this show to sell my US, Australian, and Canadian coins. One example is the Australian Elizabeth II 1989 set-100$ down to 15$. There are more varieties as well.

Please tell me whether I would be able to sell them for a high/fair price. Or, could you please direct me to the correct way to selling them.

thanks