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Booming Chinese market and impact on coins

worldcoinguyworldcoinguy Posts: 3,019 ✭✭✭✭
in World & Ancient Coins Forum
There is a discussion on the US forum about the impact of the Chinese economy on the numismatic market. I think the discussion has interesting implications in the next 10 years. Sometimes it scares me.
Link to US forum thread

The effects of China's growing economy and increased disposable wealth have yet to be felt by us, but I believe it will. China's upper class will impact the numismatic community over time, and prices for nicer material will rise in a similar fashion to Russia in the last 5 years. I firmly believe that the appetite for all things historical in China (including certified coins) will explode. Read the Christie's article in the other forum. I dont see it spilling over to US coins for the most part, but the Chinese, Hong Kong, and other countries in the area will be impacted. I think there will be a parallel to the Russian market for numismatica over the last 6 years (i.e. the rise in prices).

What do the others on the forum think? Do you care?

Comments

  • gxseriesgxseries Posts: 423
    It already has and it will continue on. Perhaps if you noticed, since the 60s, that is when world coins have been going at an alarming rate. First you have the Japanese who started to hoard US coins and world gold bullion coins. Next you have the Russians who are buying whatever they at whatever outrageous price. The problem is that since Russian coins are going at such a breathtaking rate that some Russians worry about how deflation would occur and hence are buying other world coins at the same time, which leads to general price increase throughout the whole numismatics field.

    The case of Chinese coins is slightly different. As you have way too much counterfeit coins, assuming if you are talking about some rare coinages, I believe that demand for genuine ones would go a lot higher than typical Russian coinages, not simply because the mintage is a lot less (in fact not necessarily true) but instead, the extent of verifying the genuinity of such, which can be really a pain at times.

    If the Chinese runs out of room to play around with, it will affect other numismatics field and I can't see why. If people got the money to play around with, you got artifical demand there.
    List of my partial coin list: My Coin List
  • CruziCruzi Posts: 460


    << <i>The effects of China's growing economy and increased disposable wealth have yet to be felt by us >>



    Checked the gold and oil prices lately ?, both are because of the Chinese.

    And if that is anything to go by, look out coins.
  • worldcoinguyworldcoinguy Posts: 3,019 ✭✭✭✭
    You are right - I think certified coins are the key. Way too many fake coins out there, and I think people will be paying premiums in the coming years to own the authentic thing, especially 18th and 19th century chinese coins. It should be interesting to watch.



  • worldcoinguyworldcoinguy Posts: 3,019 ✭✭✭✭


    << <i>Checked the gold and oil prices lately?, both are because of the Chinese.
    And if that is anything to go by, look out coins. >>



    Good point.

    I work at a mid size regional architecture firm in Ohio, and we now have several Chinese nationals on staff, and we are sending people to Beijing weekly. It is amazing how much work we are doing in China. The Chinese developers are very interested in US design and construction of buildings.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    It's growing and it's terrific

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • coinkatcoinkat Posts: 23,429 ✭✭✭✭✭
    For the record, I completely agree with MrEarlyGold on this... it is great to see that history through coins is appreciated across the globe.

    Experience the World through Numismatics...it's more than you can imagine.

  • gxseriesgxseries Posts: 423
    I'm going to bring this topic alive. Does anyone remember the case where Panda America tried to auction off an excessively rare 1982 platinum trial Chinese panda coin at 100,000USD?

    Link here: Link

    Do you think the Chinese numismatic market is starting to become a bit of an elite "game"? I think it is starting to become one, just like how the Soviet Union broke down and started to mint ridicious number of coins that is impossible for an average to afford.
    List of my partial coin list: My Coin List
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Does this mean I will be able to sell their fakes back to them?
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • MrEurekaMrEureka Posts: 24,328 ✭✭✭✭✭
    Let's hope the Chinese don't learn about slabs. After all, if the Chinese government cannot or will not stop the counterfeiting of coins, what makes you think they will stop the counterfeiting of slabs?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • MacCrimmonMacCrimmon Posts: 7,058 ✭✭✭


    << <i>Let's hope the Chinese don't learn about slabs. After all, if the Chinese government cannot or will not stop the counterfeiting of coins, what makes you think they will stop the counterfeiting of slabs? >>



    And this, kind sir, is insanely easy. China has huge numbers of mold presses. A real "63 Morgan" in a fake "66 slab" would be a relatively easy task. I'll say nothing else other than the TPGs had better protect their key data very well.
  • 1jester1jester Posts: 8,637 ✭✭✭


    << <i>Let's hope the Chinese don't learn about slabs. After all, if the Chinese government cannot or will not stop the counterfeiting of coins, what makes you think they will stop the counterfeiting of slabs? >>



    Just a matter of time.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • worldcoinguyworldcoinguy Posts: 3,019 ✭✭✭✭


    << <i>

    << <i>Let's hope the Chinese don't learn about slabs. After all, if the Chinese government cannot or will not stop the counterfeiting of coins, what makes you think they will stop the counterfeiting of slabs? >>



    And this, kind sir, is insanely easy. China has huge numbers of mold presses. A real "63 Morgan" in a fake "66 slab" would be a relatively easy task. I'll say nothing else other than the TPGs had better protect their key data very well. >>



    True....very true. Maybe future slabs will be more than just plastic cases. Perhaps PCGS or NGC will differentiate down the road by offering a "tier 1" slabbing service with slabs featuring micro chips or other embedded technology under the label. The downside for us collectors is it just means more $$$ to certify.
  • BurksBurks Posts: 1,103 ✭


    << <i>

    True....very true. Maybe future slabs will be more than just plastic cases. Perhaps PCGS or NGC will differentiate down the road by offering a "tier 1" slabbing service with slabs featuring micro chips or other embedded technology under the label. The downside for us collectors is it just means more $$$ to certify. >>



    I've been waiting for that day to come. Seems like a fantastic idea for those key dates and other valuable and often counterfeited coins.
    WTB: Eric Plunk cards, jersey (signed or unsigned), and autographs. Basically anything related to him

    Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1


    Negative BST: NONE!
  • trozautrozau Posts: 3,455 ✭✭✭
    I have noticed that lately the big bidders on China Panda coins have been from China.
    trozau (troy ounce gold)
  • coinkatcoinkat Posts: 23,429 ✭✭✭✭✭
    Look for an increase in submissions for better and higher quality coins from China... There are several well designed coins that are quite attractive that, for the moment are affordable, considering the pontential demand... forget the Pandas for the moment. Look for the classics to take off...

    Experience the World through Numismatics...it's more than you can imagine.

  • sumnomsumnom Posts: 5,963 ✭✭✭
    I have noticed that lately the big bidders on China Panda coins have been from China.

    Dealers in the US have told me that many of their buyers of Japanese and Korean coins are in fact Japanese and Korean. Coins that once flowed from Asia to the North America are starting to make their way back to Asia.
  • SYRACUSIANSYRACUSIAN Posts: 6,461 ✭✭✭✭
    forget the Pandas for the moment. Look for the classics to take off...


    This one is on its way back to China as we speak. It left LA, made a few months stopover to Athens and now it is being repatriated. image

    image


    The realized price was beyond belief, which helped me decide to keep this one at least, for much longer:



    image


    Absolutely stunning in hand, both of them.
    Dimitri



    myEbay



    DPOTD 3
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