New Goldsheet ....Thoughts on Prices
Verno
Posts: 327 ✭✭✭
Received my first cdn goldsheet today....would like to know what our Chinese coin experts think of the prices in the guide and affect it will have on an already depresses market. Thx RJ
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From my short look if the retail segment gets it the prices will decline further.
Agreed, especially kilo silver pandas etc...looks like 90% of items lower than I expected...or appeared to be "true wholesale.."
I thought china coin price went up a lot recently especially the republic dollar. We must be talking different china coin.
The goldsheet just covers the modern Chinese coins.
Hate to say this but there are too many panda out there. China issue too many panda and other coins year after year. They issue coins to make money. Some Chinese collector already complaint about that. But the pre-1949 price went up a lot. Some of the coins that I bought in 2009 or 2010 went up 5 times in price. It is a very good investment to buy china pre-1949 coins because there is a big collecting base in china to support the price.
In the past few weeks lots of china coins sat on ebay for a year got clear out and more coins came out on higher price.
wow, thought the Chinese guys would have more to say on this....did anyone not look at pricing?? Is wholesale now the new retail in everything??