Options
Collecting Chinese Great Wall Coins and Modern Coins
PCGS_SocialMedia
Posts: 310 mod
On April 15, 1980, the People's Bank of China issued the coins of the third set of Renminbi, which includes the Great Wall 1 Yuan and grain wreath Jiao coins. The new issues of 1980 included a 1 yuan, 5 jiao, 2 jiao, and 1 jiao coins, with a jiao equal to 10 fen.
The Great Wall yuan coins were issued during the seven years spanning from 1980 through 1986. The third series coins are very popular among modern coin collectors due to their exquisite quality, short production time, and low mintage.
Full article: https://www.pcgs.com/news/collecting-chinese-great-wall-coins
Want our top articles delivered to your e-mail inbox weekly? Join our e-newsletter here: https://www.pcgs.com/newsletter
1
Comments
This is one of the few scarce moderns I was actually able to find. I have a couple of the '80's and another date, probably '85. They're all Gems but this isn't unusual for modern Chinese coins issued for circulation. They aren't as well made as Swiss coins but are a close second. Very few countries really try to make nice coins.
Modern Chinese is tough because so many are low mintage. The numerous NCLT have very low attrition rates but they are exceedingly popular so prices are high almost across the board. They are very fluid markets with new scarcities arising all the time. The "Year of the Dog" silver coin, for instance, was considered relatively common but now typical proofs sell for upward of $1500 and well made (preserved) coins can bring substantial premiums.
There are emerging middle classes all over the world and many countries have virtually 100% attrition on coins made in base metal after WW II. It's very difficult to know how coins are distributed and after very few years it becomes almost impossible to know how they were released and used. They were just used up.