As China prospers
Weg
Posts: 544
The standard of living is increasing for a tremendous amount of people.
I believe there is a strong will to keep tradition, so will they begin to collect their own coins?
As a country with such a long history there is a vast quantity of different coins; history
With the new wealth, in time, will they become collecters of anything?
Any thoughts?
I believe there is a strong will to keep tradition, so will they begin to collect their own coins?
As a country with such a long history there is a vast quantity of different coins; history
With the new wealth, in time, will they become collecters of anything?
Any thoughts?
Remember, I'm pullen for ya; we're all in this together.---Red Green---
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Comments
<< <i>The standard of living is increasing for a tremendous amount of people.
I believe there is a strong will to keep tradition, so will they begin to collect their own coins?
As a country with such a long history there is a vast quantity of different coins; history
With the new wealth, in time, will they become collecters of anything?
Any thoughts? >>
they were collecting coins far before the US was even a country, at least the 'well-heeled' members were. With the huge emergence of a 'middle class', you are seeing much more disposable income being spent on things like luxury items and collectables. I've been to a big Beijing coin show, that made our large ANA shows look amateurish by comparison. There were a couple large dealers that I stopped to talk to, that had what i estimated was $2-3 million each worth of NGC and PCGS graded US coins in their display cases. Many other dealers only focused in Chinese coins, some had a mix, while some focused on world coins outside of the Orient. There are several very large Hong Kong, Singapore andChinese auction houses and dealers that have Chinese related coin auctions several times a year. The last one I bid in, had several lots brought high 5 figures, and a couple six figure Chinese coins.
I think we'll only see more particpation from the middle class, as it pertains to collecting coins, et cetera.
I imagine that may already have happened at times? Would that encourage a 'throw the bums out' brawl or legislation to sort things out?
World Coin & PM Collector
My Coin Info Pages <> My All Experts Profile
<< <i>It may be interesting to see what happens when the big mass producers of fakes, fantasies and junk set up tables alongside legitimate and prestigious sellers with only the real articles! I'd like to hear about that kind of 'interactions'.
I imagine that may already have happened at times? Would that encourage a 'throw the bums out' brawl or legislation to sort things out? >>
Good question - I had the same thought.
either that or he threatened to behead them and their entire families !
So the supply of nice ,collectible Chinese type is really rare !!
Prices on Chinese materiel have actually increased dramatically over the past few years, similar to Russian materiel.
<< <i>Where did you hear that, Paul? >>
My wife and her mother were born Chinese citizens, and I have been to China a couple of times.
They both live with me here in the USA and are both highly educated .
They lived thru the Mao era and are living history books of China's past !
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<< <i>It may be interesting to see what happens when the big mass producers of fakes, fantasies and junk set up tables alongside legitimate and prestigious sellers with only the real articles! I'd like to hear about that kind of 'interactions'.
I imagine that may already have happened at times? Would that encourage a 'throw the bums out' brawl or legislation to sort things out? >>
Good question - I had the same thought. >>
good question indeed, i've seen it happen. Your question puts con men counterfeiters and high end dealers next to each other, that would really only happen at a higher end coin show over there. The very large Beijing show i attended had that exact thing happen. However, there are smartly dressed gentlemen that walk the floors with a couple law enforcement officers behind them. They are apparantly the host promoters or someone that is a keen numismatist hired by the hosts.
Anyway, the person looks over the assembled goods of the dealers, and immediately removes the ones from the premises that are selling fakes. Now, I saw one gentleman that had a whole host of really nice PCGS and NGC slabbed coins, but had a 'junk box' like you'd see in any US dealer's inventory for kids to pick through. He apparantly had a couple fakes in there with the junk, and the enforcer picked them out and said a few words to the dealer. It appeared the dealer was surprised, apologized, and there was a handshake. The enforcer looked over the nice coins, to include the ones in slabs, and moved on. However, there were also many that weren't legitimate dealers and they were ushered out along with their wares.
Overall, it was handled very professionally and I was very impressed. Oh, and that large dealer that had a couple fakes in his junk box i mentioned; i bought a couple really nice NGC and PCGS US and world coins from him. He really knew his stuff and I hope to deal with him again.
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<< <i>Where did you hear that, Paul? >>
My wife and her mother were born Chinese citizens, and I have been to China a couple of times.
They both live with me here in the USA and are both highly educated .
They lived thru the Mao era and are living history books of China's past ! >>
So where did all the Chinese coins we now see available on the market come from?
I'll take a guess at that one.
It would only take a very small percentage of people to stash coins. With such a great population, that low percentage still represents a lot of coins.
That's just a guess. Is it correct?
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<< <i>It may be interesting to see what happens when the big mass producers of fakes, fantasies and junk set up tables alongside legitimate and prestigious sellers with only the real articles! I'd like to hear about that kind of 'interactions'.
I imagine that may already have happened at times? Would that encourage a 'throw the bums out' brawl or legislation to sort things out? >>
Good question - I had the same thought. >>
good question indeed, i've seen it happen. Your question puts con men counterfeiters and high end dealers next to each other, that would really only happen at a higher end coin show over there. The very large Beijing show i attended had that exact thing happen. However, there are smartly dressed gentlemen that walk the floors with a couple law enforcement officers behind them. They are apparantly the host promoters or someone that is a keen numismatist hired by the hosts.
Anyway, the person looks over the assembled goods of the dealers, and immediately removes the ones from the premises that are selling fakes. Now, I saw one gentleman that had a whole host of really nice PCGS and NGC slabbed coins, but had a 'junk box' like you'd see in any US dealer's inventory for kids to pick through. He apparantly had a couple fakes in there with the junk, and the enforcer picked them out and said a few words to the dealer. It appeared the dealer was surprised, apologized, and there was a handshake. The enforcer looked over the nice coins, to include the ones in slabs, and moved on. However, there were also many that weren't legitimate dealers and they were ushered out along with their wares.
Overall, it was handled very professionally and I was very impressed. Oh, and that large dealer that had a couple fakes in his junk box i mentioned; i bought a couple really nice NGC and PCGS US and world coins from him. He really knew his stuff and I hope to deal with him again. >>
Wow, that's a fascinating and heartening story!! If only ebay operated like that....sigh....
"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
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<< <i>Where did you hear that, Paul? >>
My wife and her mother were born Chinese citizens, and I have been to China a couple of times.
They both live with me here in the USA and are both highly educated .
They lived thru the Mao era and are living history books of China's past ! >>
So where did all the Chinese coins we now see available on the market come from? >>
When you hear that Obama's people are coming for your coins and your guns are you gonna give them up or put them in hiding till he is out of office? Well don't ya think some of the Chinese did the same!
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<< <i>Where did you hear that, Paul? >>
My wife and her mother were born Chinese citizens, and I have been to China a couple of times.
They both live with me here in the USA and are both highly educated .
They lived thru the Mao era and are living history books of China's past ! >>
So where did all the Chinese coins we now see available on the market come from? >>
When you hear that Obama's people are coming for your coins and your guns are you gonna give them up or put them in hiding till he is out of office? Well don't ya think some of the Chinese did the same! >>
the "angry and bitter political talking points forum" is down the hall pal. We like to discuss coins here
There was a period when the Chinese government was strictly regulating the export of coins in an effort to prevent significant antiquities from leaving the country but I don't that's the case anymore.