Current State of the Chinese Coin Market
C0inCollect0r
Posts: 374 ✭✭
Hi folks,
I was just wondering what your thoughts are on the current state of the Chinese coin market. It seems that prices rose dramatically for a period and then fell quite substantially. Do those of you familiar with Chinese coins feel that prices are still falling or have they stabilized at this point? Of course no one really knows for sure, but what are your thoughts on the future of the market?
As always, any thoughts are appreciated and interesting to hear.
I was just wondering what your thoughts are on the current state of the Chinese coin market. It seems that prices rose dramatically for a period and then fell quite substantially. Do those of you familiar with Chinese coins feel that prices are still falling or have they stabilized at this point? Of course no one really knows for sure, but what are your thoughts on the future of the market?
As always, any thoughts are appreciated and interesting to hear.
0
Comments
<< <i>Prices for high-grade Mexican 8 Reales (which, I am told, are considered "Chinese coins" by the Chinese) have fallen and stabilized. >>
I think you are right on this. I collected Mexico for over ten years and sold them at the wrong time Interestingly, a 1823 8R "hookneck" PCGS AU58 just went up on ebay and I know the seller and he thinks it will go to China. I always thought the 1823 was much harder than the 1824. The seller will tell me where its going when it sells
3Mark
olmanjon
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<< <i>Question?? I read this post to mean that he was asking about the market for chinese coins-not the market for coins in china. Did I take the meaning wrong? >>
Reread my reply. Chinese collectors consider Mexican 8Rs to be Chinese coins (because they circulated in China for a long time). I said nothing about where those Chinese collectors live.
8 Reales Madness Collection
8 Reales Madness Collection
<< <i>Mexican 8 Reales (which, I am told, are considered "Chinese coins" by the Chinese) >>
Why is that?
<< <i>
<< <i>Mexican 8 Reales (which, I am told, are considered "Chinese coins" by the Chinese) >>
Why is that? >>
China has very little silver, so it historically relied on 8 Reales and other trade coinage. There are quite a few that circulated heavily there, as seen by numerous chopmarks on the portrait and cap and rays series of 8 Reales. In fact, if i'm not mistaken, the balance scale peso that briefly replaced the Cap and Rays design in the second half of the 19th century, was rejected by the Chinese due to smaller diameter (even though the fineness was higher) and the decrease in exporting volumes forced Mexico to change the design and fineness back to it's previous standard.
8 Reales Madness Collection
Olmanjon
http://bit.ly/bxi7py
I apologize for any confusion in my initial question. I was generally asking about your thoughts on the current market for Chinese coins, though thoughts on the overall coin market in China are always interesting to hear too!
at that same time
I'll be there, anyone goin?
Hong Kong Coin Convention and Antique Watch Show, April 6 – 8, 2012.
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<< <i>Hi folks,
I was just wondering what your thoughts are on the current state of the Chinese coin market. It seems that prices rose dramatically for a period and then fell quite substantially. Do those of you familiar with Chinese coins feel that prices are still falling or have they stabilized at this point? Of course no one really knows for sure, but what are your thoughts on the future of the market?
As always, any thoughts are appreciated and interesting to hear. >>
& on this
TO THE MOON ALICE!!!
Hong kong/Long Beach JUNE Table #838
MACAU
emgworldwide@gmail.com
Cell: 512.808.3197
EMERGING MARKET GROUP
PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
My take on Chinese is similar though not the same extent...peaked in 2011 then 'some' downward pressure. Now into the future looks good!
The Hong Kong auction just concluded showed a number of strong prices...a very few brought less than expected...but reviewing the pics...there was a reason for this.
That's my 2 cents.