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Author Topic: Peoples Republic Coins 1955 - 1979    (Read 90 times)
PRCcollector
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« on: July 25, 2010, 08:24:08 AM »

I am considering collecting the early coins of the PRC and have a few questions.

1. Is there a source of information (in English) about these coins other than Krause?

2. Are the prices in Krause realistic?

3. Are any of these coins scarce or are all common?

4. Are there any dealers who specialize in these issues?

Thank you for any help and suggestions.
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poconopenn
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« Reply #1 on: July 26, 2010, 09:26:02 PM »

Most likely, you are talking about fen coins issued during 1955-1979. There was no other coin issued by Bank of China during the same period. No fen coin was issued during 1965-1970 due to the cost of producing those fens was higher than the value of the coins. In addition, there is no production of 1 fen for 1960 and 1962, 2 fen for 1955, 1958, 1971-1973, and 5 fen for1958-1963, 1971-1973, 1975, 1977 and 1978. The 1979 5 fen, with a mintage of 10,000, was produced for 3-coins mint set and never in circulation. The mintages of those fen coins are unknown, but are very low, definitely less than 1 million, most likely in the range of 300,000-500,000. To my best knowledge, no book, in English or Chinese, or published literatures about the mintages of these coins is available. 1955, 1957 1 fen and 1979 5 fen are considered to be the key dates. Recently, 1955 1 fen NGCMS66 was ended $161 at eBay. IMO, because of their rarity, any fen coin dated between 1955 and 1979 with a grade higher than MS67 should be valued higher than most MS69 1 oz silver panda . The asking price for 1957 1 fen BU (MS63-65) inside China is about $260. The asking price for UNC (MS60-63) common date (1971, 1977, 1978 1 fen, 1976, 1978, 2 fen and 1974, 1976 5 fen) inside China is about $1-$3, while recent eBay auction for those common dates with NGCMS65-67 were in the range of $35-$75.

Here are two active listings of PCGS coins at eBay;

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=200497391990&ssPageName=STRK:MEWAX:IT

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=200497351940&ssPageName=STRK:MEWAX:IT

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« Reply #2 on: July 27, 2010, 01:33:04 AM »

Thank you very much for the information.
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