Why Japan coin stay flat or down in the past 15 years while China coin price keep moving up
jt88
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I wonder why japan coin price went down or stay flat in the past 15 years, my friend told me no one in Japan interested in collecting coin. They are interested in collecting Samurai Sword. I found japan coin actually very nice but it might NOT be a good investment compare with China coin (pre-1949).
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It could be a good investment if you foresee demand for Japanese coins going up in the future, which unfortunately I don't see just yet given their economy and demographics. Of course, that means it could be a great time to collect! You would imagine it should go up at some point.
The question is does Japanese collect japan coins? Without local people support the price only foreign collector will not be able to push up the price. But I am buying some while the price is relatively reasonable (low).
Maybe it is good time to collect a whole set Meiji yen. I will see how long it will take me to collect the whole set.
Actually, prices for some Japanese coins are going up. You could buy a common date Japanese yen in MS65 for $500 back in 2000. Also the prices for 10&20 yen gold from early Meiji era have gone up. Population of coin collectors have decreased, but they have become picky, so you have to prepare spending more money for rare coins in high grades. Also, they used to love bright, shiny coins and had cleaned their collection, but collector nowadays are more educated and tend to prefer original looking, pretty toned coins so you have to pay more for those coins,too.
But if you are looking Japanese coins as investment in long term, I'm afraid you might lose your money.
Japanese interested in collecting samurai sword?
I know some pay strong money for swords, but I have never met a person who actually collect them.
But if you are looking Japanese coins as investment in long term, I'm afraid you might lose your money.
Not necessarily. Early Meiji gold in gem grades as well as spectacular or tough dates gem yens have a nice future, just not a short term skyrocketing future which makes it easier to acquire them. The collector's basis is there, both in Japan and abroad and it's an educated one too. None of the nouveau riche symptoms of the Chinese, but the value is there if you can see it.
myEbay
DPOTD 3
Sounds sensible. The markets that run up very quickly tend to reverse momentum at some point and flatten.