Author Topic: 2012 Chinese dragon coins are out  (Read 9995 times)

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Offline badon

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2012 Chinese dragon coins are out
« on: November 15, 2011, 03:49:31 PM »
 :001_huh:
« Last Edit: November 30, 2012, 06:50:31 PM by snowball »

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #1 on: November 15, 2011, 03:52:59 PM »
I just noticed that there's only 7 of scallop coins available, and the mintage is only 60,000. Other mints have already sold out, and it's not even 2012 yet. I will not be surprised to see these sell out within a few weeks.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #2 on: November 15, 2011, 03:54:11 PM »
Hah, now there's only 6 left, and I swear it wasn't me that bought one :)

Offline Pandad

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Re: 2012 Chinese dragon coins are out
« Reply #3 on: November 15, 2011, 04:15:08 PM »
All gone.  WOW

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #4 on: November 15, 2011, 04:15:57 PM »
And...they're gone! Every last one is sold now. Amazing.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #5 on: November 15, 2011, 04:16:23 PM »
Yeah, looks like we posted at almost the same time :) I can't believe they all sold so fast.

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #6 on: November 15, 2011, 04:18:14 PM »
It is very much possible that these coins listed by Xu Hong are among first from the mint and probably among best struck!

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #7 on: November 15, 2011, 04:19:50 PM »
I called Panda America, and William told me they will most probably begin selling them in the week after thanksgiving.

Offline Pandad

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Re: 2012 Chinese dragon coins are out
« Reply #8 on: November 15, 2011, 04:23:01 PM »
Did he tell you the selling price????

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #9 on: November 15, 2011, 04:23:47 PM »
No word on the prices yet...he just told me they will be "pricey"!  ;)

...and he will definitely announce them on the forum.

Offline Pandad

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Re: 2012 Chinese dragon coins are out
« Reply #10 on: November 15, 2011, 04:28:15 PM »
I have a feeling that  the dragons are gonna go a bit crazy real fast.  I hope it brings some additional attention to the previous dragon dates.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #11 on: November 15, 2011, 04:30:13 PM »
PandaAmerica is being smart. They want to see how the market reacts to them once they're sold out. I bet PandaAmerica will be one of the few that still has them in stock, at a higher price of course :)

The 2000 2/3 oz silver flower dragons already look pretty cheap at $1500 to $2000. It's about 10 times rarer. If the 2012 dragons start pushing upward in price, it will be interesting to see what the 2000 dragons do.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #12 on: November 15, 2011, 04:31:27 PM »
I have a feeling that  the dragons are gonna go a bit crazy real fast.  I hope it brings some additional attention to the previous dragon dates.

I think it's already happening before our eyes. I still can't believe they sold so fast. That was only about 20 minutes.

Offline badon

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Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #14 on: November 15, 2011, 04:40:12 PM »
There are still 3 fan-shaped dragons available..

http://www.ebay.com/itm/New-2012-1oz-fan-shaped-silver-coin-lunar-animal-Dragon-/270853520917?pt=LH_DefaultDomain_0&hash=item3f1020be15#ht_1612wt_1161

I am sure Xu Hong will list more flowers tonight, but probably at higher price.

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #15 on: November 15, 2011, 04:43:06 PM »
Considering the 2000 gold is up around $9000 right now, I'd say xu hong's pricing is reasonable. I think either it is a little on the expensive side, or the 2000 is a little on the cheap side. I'm leaning towards the 2000 being too cheap.

I agree. To be frank, I expected 2012 to be more expensive, but around $2800 (3050 - 268 for silver) was a pleasant surprise. But when I compared mintages, I think 2000 at $7000 is more of a bargain in the long term.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #16 on: November 15, 2011, 04:52:02 PM »
Are the 2000's still available for only $7k? I haven't been paying attention, but if that price is really only $7k, that's a no-brainer. I guessed that $14k would be a hard ceiling for the coin to surpass, but popularity can do amazing things to the price of a coin, and the 2000 1/2 gold flower dragon has it.

$14k would be roughly double the $7k price. People tend to sell when they get double profits, so I suppose that's a good reason why $14k might be as high as it will go in the near future - but anything is possible with a popular coin.

Offline exchange

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Re: 2012 Chinese dragon coins are out
« Reply #17 on: November 15, 2011, 04:53:25 PM »
There are still 3 fan-shaped dragons available..

http://www.ebay.com/itm/New-2012-1oz-fan-shaped-silver-coin-lunar-animal-Dragon-/270853520917?pt=LH_DefaultDomain_0&hash=item3f1020be15#ht_1612wt_1161

I am sure Xu Hong will list more flowers tonight, but probably at higher price.

The silver fan series 2000 to 2011 can be acquired in OMP for about $4000. That seems to be a good price considering now the new 2012 fan is out. I purchased my set for $3000 early this year.

exchange
« Last Edit: November 15, 2011, 05:00:11 PM by exchange »

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #18 on: November 15, 2011, 04:53:30 PM »
Yes, last eBay auction for 2000 flower in NGC 69 went for approx 7k.

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #19 on: November 15, 2011, 05:04:54 PM »
So, the inevitable has happened! The 2012 Dragons are out and they have long been hailed as the panacea for the chinese market slowdown....it will be interesting to watch the fast-rise as it happens if indeed it happens!

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #20 on: November 15, 2011, 05:11:59 PM »
A watched pot never boils :)

Offline exchange

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Re: 2012 Chinese dragon coins are out
« Reply #21 on: November 15, 2011, 08:40:58 PM »
I found these new releases quite expensive considering their mintages.

http://www.ebay.com/itm/New-2012-1oz-silver-1-10oz-gold-coin-set-lunar-animal-Dragon-/270853836507?pt=LH_DefaultDomain_0&hash=item3f10258edb#ht_1774wt_955

New 2012 1oz silver & 1/10oz gold coin set --lunar animal Dragon $750.
Metal content $200 for both coins. Paying almost 4x spot for the 2012 releases with mintages at 200,000 and 120,000.

What can the upside potential be with such a high premium to begin with? Demand? maybe, but I'm not convinced. This may be a get in and get out quick kind of thing.

exchange



Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #22 on: November 15, 2011, 09:33:40 PM »
With the silver flower version costing only around $260, with a mintage of only 60k, I can see why it was the first one to sell out. I might buy that one, but not these high mintage gold ones.

Offline BobW

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Re: 2012 Chinese dragon coins are out
« Reply #23 on: November 15, 2011, 09:40:50 PM »
Seven more 2012 flowers available at $268.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #24 on: November 15, 2011, 09:52:31 PM »
3 of them are sold already.

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #25 on: November 16, 2011, 03:39:06 AM »
Now all 7 of them are gone. But, it looks like Xu Hong upped the number available so he wouldn't have to keep relisting coins.

Offline dobedo

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Re: 2012 Chinese dragon coins are out
« Reply #26 on: November 16, 2011, 09:48:25 AM »
Worry not, 60K is more than plenty to go around for all of us. Look at the Australian 2012 Dragon 1oz silver - it went from around $150 to $80 in less than 2 months. Cheers!

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #27 on: November 16, 2011, 02:16:54 PM »
Look at the Australian 2012 Dragon 1oz silver - it went from around $150 to $80 in less than 2 months. Cheers!

Yes dobedo you are right and not to mention every large dealer is overflowing with these Australian Dragons right now so they don’t seem to be selling very well.

I would think the Chinese Lunars are infinitely more highly sought than Australian Lunars so I would imagine with a 60,000 mintage they will not be as readily available as the Australian Dragons or is this not an accurate assumption?
 
 

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #28 on: November 16, 2011, 02:20:27 PM »
Australian Dragon in 1 oz Silver BU has unlimited mintage. Also, they have a very high overseas sale allocation. I suspect most of the Chinese Dragon Silver coins are meant for domestic consumption, since this is the first time Chinese people will be able to buy new issue dragon coins freely directly from mint or authorized sources.

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #29 on: November 16, 2011, 02:26:14 PM »
Australian Dragon in 1 oz Silver BU has unlimited mintage. Also, they have a very high overseas sale allocation. I suspect most of the Chinese Dragon Silver coins are meant for domestic consumption, since this is the first time Chinese people will be able to buy new issue dragon coins freely directly from mint or authorized sources.
thanks pandora and I guess I am wrong but I thought the mintage of 1 oz Aussie Dragons was 300,000 ?

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #30 on: November 16, 2011, 02:30:40 PM »
Thanks Comeaux, you are right. The mintage is limited to 3,00,000 for 1 oz silver BU and 1 oz gold BU. For 1 oz Silver proof, it is 5000.

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #31 on: November 16, 2011, 02:47:31 PM »
Thanks Comeaux, you are right. The mintage is limited to 3,00,000 for 1 oz silver BU
Hi pandora I think you may have put one too many zero's as I believe (not sure) the mintage is 300,000 and not 3 million.

I did order a few of these just for collectible reasons and think I read the mintage number at 300,000 but I could be wrong.

 

Offline Pandora

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Re: 2012 Chinese dragon coins are out
« Reply #32 on: November 16, 2011, 03:02:58 PM »
Hi pandora I think you may have put one too many zero's as I believe (not sure) the mintage is 300,000 and not 3 million.

I did order a few of these just for collectible reasons and think I read the mintage number at 300,000 but I could be wrong.

  

Hi Comeaux - no extra zero, just extra comma: 3,00,000 vs 300,000.  :001_smile:

The "Million" is "10 Laks" in the East.

Offline comeaux

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Re: 2012 Chinese dragon coins are out
« Reply #33 on: November 16, 2011, 03:05:30 PM »
Thanks pandora ! ... I'm learning something new on CCF everyday  :001_smile:

Offline digbird

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Re: 2012 Chinese dragon coins are out
« Reply #34 on: November 16, 2011, 03:17:21 PM »
I agree with Exchange and find these are a bit expensive for newly released coins. Especially the gold coins and the 5 oz frisbee. What's the upside? ans: In the sellers pocket. I may spring for a silver flower, as I'm a dragon baby...been saving for the 1/2oz gold set, but at over $3,000.00 that lets me out. Don't think I've ever seen Xu lower his prices, at least on the coins that I've been tracking...could be wrong on that though. The Aussie dragons are at a current stand still and off their highs. Perhaps in the year 2012 we will see them pickup once again. cheers folks...just my opinion.   

Offline PandaCollector

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Re: 2012 Chinese dragon coins are out
« Reply #35 on: November 16, 2011, 03:41:14 PM »

Offline badon

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Re: 2012 Chinese dragon coins are out
« Reply #36 on: November 16, 2011, 03:43:55 PM »
I have not bought any of the new dragons. In fact, I haven't bought any new coins at all. The older ones are all still underpriced compared to the new ones. What is interesting about the new ones that all of us should pay attention to is that it's a gauge for where the market is going. The people buying the new stuff are very often less experienced, new collectors that will eventually come to the rare older stuff when they gain experience. If they were not buying, it would be a negative market sign.

So far, Chinese coins are in high demand. The Australian 2012 dragon looks too much like the 2000 dragon, and Australian lunar coins have lost a lot of market share to the "real" Chinese lunar coins. I think I mentioned that effect in one of my older, recent articles.

The Canadian dragons are very attractive, and even come in a flower shape! Canada's coin collector base is very stable and enthusiastic, and think their dragon beats this year's Australian offerings. The collector base and much lower mintage will ensure Canadian sales are healthy despite competition from the "real" Chinese lunars that crushed Australian sales.

Offline mrslick32

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Re: 2012 Chinese dragon coins are out
« Reply #37 on: November 16, 2011, 08:23:22 PM »
Yes dobedo you are right and not to mention every large dealer is overflowing with these Australian Dragons right now so they don’t seem to be selling very well.

I would think the Chinese Lunars are infinitely more highly sought than Australian Lunars so I would imagine with a 60,000 mintage they will not be as readily available as the Australian Dragons or is this not an accurate assumption?
 
 


Based on the rate of sales of the flower shaped dragon from Xu Hong's ebay site, I think that the China dragons will sell out quickly, at least the flower shaped ones. I really like the design of the flower shaped coin and I bought one for myself.

Offline PandaCollector

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Re: 2012 Chinese dragon coins are out
« Reply #38 on: November 17, 2011, 01:44:31 AM »

This one should satisfy any dragon lover!


Photo by Peter Anthony

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


Offline mrslick32

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Re: 2012 Chinese dragon coins are out
« Reply #39 on: November 17, 2011, 09:27:54 PM »
Xu Hong's flower shaped silver dragons are selling really fast! He already sold 24 coins (I believe he sold 10 coins in his first batch prior to the current listing) and has 4 left. I love the design and it has the lowest mintage for the 2012 silver dragon so I'm not surprised.