Author Topic: The scary undeniable problem with Pagodas  (Read 15597 times)

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Offline pandamonium

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Re: The scary undeniable problem with Pagodas
« Reply #45 on: June 25, 2012, 09:38:38 AM »
90% of 22.22g = 20g that is on the NGC slab or S20g............I think that is right.......

Offline fwang2450

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Re: The scary undeniable problem with Pagodas
« Reply #46 on: June 26, 2012, 01:52:07 PM »
Pagoda set auctions ended today morning:

China 1984 Silver Pagoda Medal Yingxian Wooden Temple NGC PF-68UC         $510
China 1984 Silver Pagoda Medal Zhenjue Temple NGC PF-69UC                 $1000
China 1984 Silver Pagoda Medal Kaiyuan Temple NGC PF-69UC                 $1009
China 1984 Silver Pagoda Medal Songyue Temple NGC PF-69UC                 $1140

Total  $3659 [without box, which is currently going for $127.50, which makes the total $3786.5]
It is in line with their selling price in China. A raw set sold for RMB9500 in November, 2011, and there is still a raw set for sale for RMB6520 right now by a reputable seller. The exchange rate between RMB and USD is 6.34:1 at the moment. These pagodas are listed as three stars and a half on Huang Ruiyong's star list. And the price matches that.

Offline shibaji

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Re: The scary undeniable problem with Pagodas
« Reply #47 on: June 26, 2012, 02:30:10 PM »
Raw set at RMB6520 (about 1025 usd) is cheap! Could you please post the link to that ?

Offline fwang2450

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Re: The scary undeniable problem with Pagodas
« Reply #48 on: June 26, 2012, 03:19:00 PM »
Raw set at RMB6520 (about 1025 usd) is cheap! Could you please post the link to that ?
Here you go: http://item.taobao.com/item.htm?id=12270014046. Normally people do not buy coins on Taobao for fear of fakes, but there are a few trusted dealers. This is one of them.

Offline shibaji

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Re: The scary undeniable problem with Pagodas
« Reply #49 on: June 26, 2012, 03:24:13 PM »
Here you go: http://item.taobao.com/item.htm?id=12270014046. Normally people do not buy coins on Taobao for fear of fakes, but there are a few trusted dealers. This is one of them.

Thanks, but I cannot read Chinese :-( Wish someone could buy them for me.

Offline shibaji

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Re: The scary undeniable problem with Pagodas
« Reply #50 on: June 26, 2012, 03:28:29 PM »
Also looks like this is an auction and not a buy it now, so that would make 6520 current price!

Offline fwang2450

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Re: The scary undeniable problem with Pagodas
« Reply #51 on: June 26, 2012, 03:46:38 PM »
Also looks like this is an auction and not a buy it now, so that would make 6520 current price!
These days there are very few coin bidders. Also, the pagoda set is not a hot one among Chinese collectors. Despite its small mintage, it has never been that popular, partly because they are medals. I do not expect a much higher price, unless people here start bidding on it.

Offline Gilmore

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Re: The scary undeniable problem with Pagodas
« Reply #52 on: June 27, 2012, 02:21:43 AM »
Here you go: http://item.taobao.com/item.htm?id=12270014046. Normally people do not buy coins on Taobao for fear of fakes, but there are a few trusted dealers. This is one of them.

This seller is reputable and trustworthy as you said.
Funny thing is that I contacted him last October asking few questions about this set's condition and if he guarantees that it is genuine. His response to these questions was that he advices not to purchase it so I stayed away.




Offline shibaji

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Re: The scary undeniable problem with Pagodas
« Reply #53 on: June 27, 2012, 02:24:09 AM »
This seller is reputable and trustworthy as you said.
Funny thing is that I contacted him last October asking few questions about this set's condition and if he guarantees that it is genuine. His response to these questions was that he advices not to purchase it so I stayed away.

Very strange! :-(

Offline Gilmore

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Re: The scary undeniable problem with Pagodas
« Reply #54 on: June 27, 2012, 02:31:13 AM »
I felt the same way. He got uncomfortable with these questions and so did I with his answer.

Offline badon

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Re: The scary undeniable problem with Pagodas
« Reply #55 on: June 27, 2012, 02:38:57 AM »
Maybe he just wasn't sure whether his coins were genuine or not. That has been happening to people reading CCF lately :)

Offline fwang2450

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Re: The scary undeniable problem with Pagodas
« Reply #56 on: June 27, 2012, 11:55:13 AM »
Very strange! :-(
I emailed the seller yesterday and he did not reply.

Offline pandamonium

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Re: The scary undeniable problem with Pagodas
« Reply #57 on: June 27, 2012, 01:23:32 PM »
Hey fwang2450, which silver chinese coins are in demand in China that a new collector can afford?  Any coins that should pop up in price in the future that are reasonable today?  Not many MCC are overlooked and the only one I can think of right now that is early year and cheap is the 1980 Speedskater.  Do you know of others that are your best buys?.......................

Offline fwang2450

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Re: The scary undeniable problem with Pagodas
« Reply #58 on: June 27, 2012, 03:12:12 PM »
Hey fwang2450, which silver chinese coins are in demand in China that a new collector can afford?  Any coins that should pop up in price in the future that are reasonable today?  Not many MCC are overlooked and the only one I can think of right now that is early year and cheap is the 1980 Speedskater.  Do you know of others that are your best buys?.......................
I wish I had Badon's crystal ball, to see what coins will pop in value in the future. For some reason, the speedskater has been unpopular among Chinese collectors. Maybe because it is a specialty (sports) coin? There were some discussions of undervalued coins with future potential on the Chinese jibi.net site. The coins mentioned were the 1986 WWF panda, the 1997 minorities set, the Silk Road sets and many 1998 coins, as the mintage of most coins in 1998 was much smaller than the officially released numbers due to the market meltdown in 1997. I may also add the 1992 proof (5 yuan) Environmental Protection coin, which appeared on eBay only once in the last 6 months apart from Huanyin and Naomi's high price listings. Either the mintage in Mr Ge's book is wrong (20000, but the official yearbook says 2000), or collectors just hold on to it. But then it is hard to predict whether their price will be "discovered" in the future. They may remain low-value coins all the time, like the 198x proof gold pandas. 

Offline pandamonium

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Re: The scary undeniable problem with Pagodas
« Reply #59 on: June 28, 2012, 10:48:41 AM »
Thanks for the information fwang.  Once again, the grading companies have the tools to detemine metal content in coins.  The graded silver pagodas are real silver and not plate.  That should apply to goldfish too.  Their announcement will make it official soon........................