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Author Topic: Modern Chinese coin investments #53 - "low" grades, WSoD, NCS conservation  (Read 7152 times)
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badon
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« on: 2011 Mar 02, 11:15:58 pm »



Scroll WAY down to see the recommendations and skip the commentary!

"Low" grade coins are starting to take on a life of their own. Previously, they were the untouchable outcasts. The prices for "investment-grade" coins with a grade of 69 or 70 are out of reach for many people, while the lower grades are still quite affordable, and selling well to eager collectors happy to have the coin they've been looking for at an inexpensive price. On top of that, their prices are increasing along with the 69 and 70 coins, but at a slower pace.

The top grade coins are, and always will be, more expensive - and that's the way it should be. Those top grade coins are the most expensive because they've been increasing in value faster - which means they're a better investment too. But, that doesn't mean the low grade coins aren't good investments too.

In the mature American coin market, an older, rare coin with a 64 grade or better is considered an attractive coin. Below that, the coins are noticeably scratched and dinged, but still can be considered attractive. Very often, the coin is a good investment in ANY grade, simply because it's rare in ALL grades. Many Chinese coins are also rare in all grades.

My last article expended several paragraphs whining about the poor condition of coins coming from Europe that have fallen victim to child-like European collector's desires to take coins out of their protective holders to play with them. Many of those coins have low mintages, and are quite rare to begin with, but have become even rarer due to the destruction of so many of them during their stay in Europe. Coins that had mintages of 10,000 or less may only have a few hundred specimens that have survived in pristine condition - maybe not even that many.

Obviously, a top grade specimen would be an excellent investment - but what about the coins that earn lower grades? I've seen coins in a 62 grade I would love to own, even though I'm a grade-snob that fawns over 69 and 70 coins. Some of those coins may be completely unaffordable for me in a 69 or 70 grade - but I may have shot at owning one in a lower grade. Would I be wise, or foolish, if I turned down the opportunity?

I suppose the answer to that question depends on the details. The most important of the 5 criteria to determine if a coin is a good investment are popularity and rarity. If I've got both of those, then I'd say yes, a coin in a lower grade would be a good investment because grade ranks below those two.

I try to keep things simple in my articles by only listing the most obvious, best investments, exclusively in a 69 or 70 grade. But, I've said on several occasions that I would list some coins in lower grades if they came available. Those coins are the most popular super-rarities. So far, the only one I've mentioned that I would consider including in low grades was the 1995 1 oz gold proof panda with a mintage of 555, but it's so rarely seen, I haven't had the opportunity since then.

Things are changing. Coins that were considered common are now rare, and coins that were considered rare are now completely unavailable. I may be forced to include some lower grade coins simply because if I didn't, there wouldn't be anything to put in my list! We're not quite to that point yet though. Right now, there are lots of lower grade coins available on the market at inexpensive prices. Many of these coins are excellent investments - perhaps not the best, like a 69 or 70 would be, but still excellent investments.

I've decided that I'll start slow, and just follow the flow. I may list a lower grade coin from time to time, if it's something interesting and worth mentioning. But, for the most part, I'm still going to avoid mentioning the lower grade coins until the supply of high grade coins at affordable prices is becoming exhausted. What I will do is list lower grade coins that have been conserved at NCS, but not one at a time. I'm going to put an automatic search in these articles that will list all the coins that dealers have advertised as conserved.

I think that if somebody is going to pay good money for a lower grade coin, it's reasonable to insist that it be a CONSERVED lower grade coin. I see no reason why we should sacrifice ALL of our high standards all at once. After all, we're investors and collectors, not beggars. Coins with lower grades have some sort of problem with them. The grade doesn't tell us what the problem is. If it's something nasty like white spots, the problem could get worse after you buy the coin, if it hasn't been conserved. Coins with white spots that have been conserved probably will not get worse, and can be had in very nice 68 grades for inexpensive prices. Those coins are worth serious consideration - but ONLY if they've been conserved.

I've written more about why I think conservation probably prevents white spots from forming (or getting worse) later in this article.

NCS conserved

Sellers who list coins with the words "NCS conserved" somewhere in their Ebay listing will show up here, regardless of grade. This is to enhance the value of both high and low grade coins that have been conserved, and can be advertised with the phrase "This coin has been conserved by NCS", or something similar.

NCS conserved coins

I routinely pay hundreds or even thousands of dollars EXTRA for a coin that comes from a dealer that I know always conserves his coins. If I pay thousands of dollars for a rare silver coin, it would be a tragedy if it developed the dreaded White Spots of Death later. I have never had a problem with any of my conserved silver coins.

If we're going to get NCS and NGC to start labeling conserved coins, we have to help dealers to earn a little extra money for them. This is a chicken-and-egg problem, where nobody labels NCS conserved coins because nobody is looking for them, and nobody is looking for them because nobody labels them. Now, sellers can tell us (on the honor system) which coins have been conserved.

White Spots of Death

I am not convinced that white spots of death cannot be prevented through conservation. The myth that's circulating is that the chemical that causes the spots is IN the metal of the planchet. I doubt this is true. I think the chemical is just on the surface.

The reason why is that the spots do not seem to appear until it makes contact with fresh air. A little air does not seem to be enough. I suspect that the spots are silver chloride, with chemical symbol AgCl. Here's some photos of silver chloride:

http://en.wikipedia.org/wiki/Silver_chloride



It looks a LOT like the grayish milky-white White Spots of Death, don't you agree?



The silver (Ag) comes from the coin, and the chlorine (Cl) comes from some chemical like an acid - probably something like an HCl (hydrochloric acid) pickling solution for cleaning the planchets prior to striking.

When the chemical dries, it becomes mostly unreactive. When the chemical is exposed to humidity in the air, it can pull water (H2O) from the humidity in the air. The H in the H2O combines with the Cl in HCl to create hydrochloric acid that reacts with (dissolves) the silver to create silver chloride.

Once this damage is done, it cannot be undone by conservation because it's far more aggressive than a normal toning reaction, and digs down into the metal instead of just staying on top of the metal where it could be removed.

Conservation would probably remove most or all of the Cl before it had enough time to absorb H from the air - and that would prevent the reaction from occurring before it starts.

I have never seen a conserved coin develop white spots AFTER it was conserved. All the conserved coins I've seen that have white spots, developed them BEFORE conservation. Once the coin was conserved, the reaction seemed to have stopped, with no further development of the white spot.

Until I see some evidence that conservation cannot prevent white spots, I'm going to assign a low probability to the idea that the chemical is somehow impregnated in the metal. It's not impossible for that to happen, especially under the high pressure of striking, I just think it's not likely.

The only way I know of to impregnate a metal with a liquid is to start out with the metal in powder form, soak some chemical into the powder, and then sinter the metal (melt it) under high pressure until it solidifies into a solid object. That's how oil-impregnated brass bushings are made.

Some metals like nickel, titanium, and palladium or porous enough to absorb significant quantities of hydrogen, but even those cannot absorb the required chlorine portion to make the reaction work.

As you can see, I know a fair bit about the possible processes where this mythical white-spot impregnation phenomenon could occur, and I've not been able to come up with a version that is likely to occur with coins. Therefore, I'm going to stick with my observations that no conserved coin I've seen has ever developed white spots AFTER it was conserved.

So, in short, SEND YOUR COINS TO NCS!

By the way, the silver chloride reaction is reversible upon exposure to ultraviolet (UV) light. Coins that have significant white spots that have dissolved deeply into the surface of the coin could not be restored to pristine condition by reversing the reaction - it would be like trying to unscramble an egg. However, if the reaction has just BARELY begun to affect the top surface of the coin, it may be possible to reverse the reaction and restore the coin to a pristine state. That would be like putting the fresh egg back in the egg shell - difficult, but no big deal for an expert.

If I'm right about White Spots of Death being silver chloride, then I suspect it's possible for NCS to develop a UV light process that can at least make the coin look better, if not completely reverse the reaction that caused the spot, and restore the coin to pristine condition. We'll see!

UPDATE:

I've been thinking more about my theory of WSoD. I've seen coins that have been left in sunlight for extended periods of time in humid environments, and the white spots on those are more like fuzzy white bumps than spots. I think what happened to those coins is that the UV in sunlight would reverse the reaction during the day, freeing up the chlorine. Then, at night, the moisture in the humid air would deposit on the coin (in miniscule quantities that would normally be insignificant), and react with the chlorine again to produce an acid that continues to chew on the coin.

All the coins I saw like that were still in their original double seals, so clearly being sealed didn't help. I think the chemistry was sealed inside the capsule, and the reaction would normally have stopped once all the chemicals had finished combining together. The addition of energy in the form of UV rays from sunlight allowed the chemicals to literally dig a hole into the coin, as it churns up the silver surface over and over like a worker tilling dirt in garden.

If it does turn out that the spots are silver chloride, and it's possible to reverse the reaction with UV light, it will be important to remove the chlorine so it can't just till the silver surface again. As a first guess to test this, I would put a practice coin in a dish of distilled, deionized water, and either place it in direct sunlight, or use a UV lamps of various sorts (I don't know which kind of UV will work the best), and hope the water pulls up the chlorine atoms away from the coin's surface.

It would be best to use circulating deionized water to remove the chlorine so it won't have an opportunity to react with the coin again.

This information I'm writing here is fairly advance chemistry, and it's potentially dangerous to your coins and yourself. UV light can gradually blind you and cause cancer, among other things. If you try this at home, do it on a coin that's not valuable, and use only natural sunlight. The pros at NCS can experiment with these ideas in a safe manner, and if they can come up with a process that works to conserve coins with WSoD's, then save yourself the trouble by just paying them to take care of it for you.

I've seen some pretty silly mistakes amateurs have made that have hurt themselves, and their coins, so I'm serious when I say "don't try this at home". Instead, I suggest waiting for NCS to find a process that works. In the meantime, store your coins away from UV sources like sunlight (a dark drawer should be fine), and make sure they're well-sealed.

Let's all hope that at least some of this rambling here has merit in fixing the White Spots of Death problem.

NCS and NGC refuse to help buyers find conserved coins for long term investment

I've talked a lot about NCS conservation of silver coins, especially the ones with the highest grades that were graded in the past. Coins that were not conserved before grading could degrade over time as invisible residues corrode their surfaces. That could make your investments virtually worthless!

There are nuances to which coins are worrisome, and which aren't, so I've recommended coins that look good despite not knowing whether they've been conserved or not. For example, an old silver coin that still looks good after many years is probably OK, and a newer panda that came from modern PVC-free packaging is probably OK too. But, the only way to know for sure is to only buy coins that have been conserved before grading.

Sadly, NCS and NGC continue to refuse to indicate on the holders if a coin has been conserved, even if requested. I have begged them to let me buy coins that I know will not become hunks of scrap metal over time, and they won't listen to me - just one person - but they will listen to the market as a whole. That means you. Everyone needs to contact NCS and tell them you want to buy coins that you know have been conserved. Tell them that you want to buy coins that NGC marks as conserved on their holders. Here's the person to contact:

Craig Fiumara
Numismatic Conservation Services
Operations Manager
Phone 866-627-2646  Ext. 145
Fax 941-360-2559
CraigF@NCScoin.com

Once we persuade them that we want to know that our coins are safe, they will obey our demands and start marking the conserved coins. Only then can we be reasonably certain (but never 100%) that our investments will not become worthless over time.

Recommended reading

Here's some recent articles of mine that can provide some guidance for investing in the current and coming market conditions:

* LBC makes me rich
* Wealth preservation: USA vs. China (By Zerosum)
* Coins are the hot new investment
* How high will the Chinese coin market go?
* 5 criteria to determine if a coin is a good investment
* 13 coin facts to learn for beginning investors of modern Chinese coins
* My First Chinese Panda Coin Purchase (By Tamo42)
* Modern Chinese coin investment strategy
* Don't be the "whale" that pays too much for an investment coin
* Modern Chinese coin commentary and market predictions - 2010-Dec-15
* What makes people buy up all the Chinese panda coins?
* Investing in rare modern Chinese coins, some questions answered
* Cash is king for 2011 - Get ready for the coming bargain hunt
* Foresight: Gold, silver, coins, etc will weaken after January or February 2011
* Rumor: Modern Chinese coin charts coming out soon
* Why does this business site talk so much about investments?
* The chess game of rich vs. poor

Gold and Silver Panda Coin Buyer's Guide Book

This is THE panda book, written by the world's foremost expert on Chinese panda coins. Buy the book before the coin. Enough said.

Pricepedia modern Chinese coin price guide with bonus using "LBC" referral code

$68.88 Buy-It-Now.

In addition to the book you can subscribe to the PricePedia, which gives up-to-date monthly pricing information on over 700 different coins, as well as a few pointers on what's hot or undervalued in the market. If you send a message to the author mentioning LBC for the referral code, you get a bonus list of undervalued coins, along with your subscription.

Be sure to read the market commentary at the bottom of the post that discusses the sales from the last article.

My choices

The 1986 24 g silver empress of china clipper ship NGC MS 69 only has a few days left, and it's going way too cheap so far. The coin has sold over $100 several times in the past, and compared to pandas in the same price range, it's much rarer.

The Beijing Expo pandas are HOT right now. The supply of key date 1998 coins is completely wiped out, but there's plenty of other dates that will benefit from the popularity of the 1998 coin. On top of that, they're plenty popular and rare on their own, so they're winning investments that have the two most important investment criteria. They're quite beautiful with their gold plating, so they will probably increase in popularity as interest in them spreads.

There are also several very nice lunar coins available. These are picking up in popularity - I have no idea why it took so long, but now is a good time to buy. The 2006 dog is on auction and may set a record price, or sell for a bargain. Either way, watch it to see what it does.



Perfect 70 coins



2005 1 kilo silver panda NGC PF 70 UC

$17,995 Buy-It-Now, or best offer. The 2004 that's been in the list lately has an auction starting price of $7000, so I don't think the price this seller is asking is reasonable. But, the door is open to make an offer, so I decided to list this coin because of that. Otherwise, the price is high enough that I would not have listed it. 70 coins require the right buyer. A patient seller can hold out for any price they want when they own the only known specimen in a 70 grade. If you have to have the best of the best, maybe consider putting out an offer around $7000.

NEW 2007 1/25 oz gold 2004 25th anniversary panda NGC PF 70 UC

$188.88 Buy-It-Now. Mintage 18,000. Prices have been rising on these, with a new record set at each sale.

2007 1/25 oz gold 2000 25th anniversary panda NGC PF 70 UC

$149.95 auction starting price. Mintage 18,000.

NEW 2009 1 oz silver 30th anniversary panda PCGS PR 70 DCAM

$255 auction starting price, $285 Buy-It-Now. Mintage 300,000.

2009 1 oz silver 30th anniversary panda NGC MS 70

$350 Buy-It-Now. Mintage 300,000. Asking prices on this have doubled in in the last 2 months.



Proof pandas



All the early proof pandas are what I like to call $10,000 coins, because I firmly believe within the next decade, you will have to pay $10k+ to obtain one. coins here meet at least 4 of the 5 criteria to determine if a coin is a good investment. The only one they may not meet is the one about conservation, which is less important as long as the coin looks good despite its age, and not very important at all for gold, platinum, and palladium.

If any of the silver coins you buy have white spots when you receive them, you should probably return it for a refund. The white spots may be correctable through conservation, but that's the seller's problem, not yours.

Now that the issue of which silver proof panda coin is the rarest seems to have been settled, the 1994 and the 1996 have increased rapidly in value. However, it turns out that all three of the top coins - the 1994, 1995, and the 1996 - have similarly small actual mintages. There's no one coin that is dramatically rarer than any of the others. The information I have says that all of them have mintages of around 7000 to 8000 coins. So, buy them all up whenever you can, as your cash holdings allow.

NEW 1987 1 oz silver proof panda NGC PF 69 UC

$1200 Buy-It-Now. Mintage 31,000. This is a very high price. The other coin recently on this list was priced at $650 Buy-It-Now, or best offer. I'll watch to see what sells and what doesn't, but I suspect these are on the move upwards.

1987 5 oz silver panda NGC PF 69 UC

$1175 Buy-It-Now, or best offer. Mintage 11,000.

NEW 1988 1/2 oz gold proof panda PCGS PR 69 DCAM

$1175 Buy-It-Now. Mintage 8000.

1989 1/20 oz gold proof panda NGC PF 69 UC

$525 Buy-It-Now. Mintage 8000. Remember just a few weeks ago when you could buy these for $200 to $300? Not so cheap anymore!

NEW 1991 1 oz silver proof panda NGC PF 69 UC

1991 1 oz silver proof panda NGC PF 69 UC

$439 Buy-It-Now.

1992 1 oz silver proof panda PCGS PR 69 DCAM

$988 Buy-It-Now.

1992 1 oz silver proof panda NGC PF 69 UC

$459 Buy-It-Now. Price increased from $449.

The official mintage for the 1992 coins is 20,000 but is probably lower, as is often the case for early coins. Prices have been steadily increasing, and this one has sold for $278 and $399 for a 69 specimen, and up to a whopping $738 for a damaged, ungraded coin. The $738 price was ridiculous, but it's a clue as to how crazy people get sometimes. The damage on the $738 coin is a torch sloppily engraved into it by a private coin dealer in Germany when the coin was first released. 3000 of them were damaged by the torch engraving, and word hasn't quite made it to all the collectors in China that the torch isn't supposed to be there. The Chinese dealers seem to be making good money by not telling them too!

So, we know that 3000 of these coins were damaged right when they were released, and I suspect that the Chinese dealers may be getting greedy, and they could be carving their own little torches into the surviving coins to try to score a $700+ price tag on a damaged coin. That means that, in addition to probably having a lower mintage than the official figures suggest, we already know that at least 3000 coins have been damaged. That makes this coin a good investment, because it doesn't cost more than coins that weren't damaged on a large scale.

I would grab this coin before word spreads that the little torch coins are actually damaged coins, and pristine coins are much rarer than people have thought. Only 109 have been graded a 69, which is about half as many as expected - but the coin does not cost twice as much! This coin is underpriced, and a good investment. Buy them when you find them.

Update:

There were some discussions that led to questions about why the 1992 proof panda is cheaper than coins that should have higher mintages. Aside from the obvious possibility that the other coins actually have much lower mintages, there's other plausible explanations as well (no one knows for certain yet, but I think these are good guesses):

One explanation for the unnaturally cheaper price on the 1992 1 oz silver proof pandas could be that a lot of people paid big bucks for the torch version. Once they had that, they erroneously felt they had the key coin for that date, and so did not buy the normal, unaltered 1992 coin.

On top of that, once they read our research on this forum, and learned that the torch coin is actually a damaged coin, they may have developed a reflexive dislike for the 1992 coins after having lost a lot of money on the altered torch coins.

It still remains possible that the 1992 1 oz silver proof panda is actually rarer than coins that are currently selling for more, and that would make it a good investment that justifies its inclusion in my list.

Either way, until the truth is known for sure, it would be a good idea to make sure to have at least one of them in your collection/portfolio (in investment-grade, without the torch!).

1993 1/4 oz gold proof panda NGC PF 69 UC

$4985 Buy-It-Now. Mintage 2500. This seller is always expensive, but he has coins that are rare and difficult to find. I chose to include this one because its mintage is so low, I think it's safe to overpay for it. The small size gold proof pandas with mintages under 5000 have been performing the best, but they've all been doing pretty well lately with mintages 5000 to 10,000.

1995 1 oz silver proof panda NGC PF 69 UC

$1288 Buy-It-Now.

1996 1 oz silver proof panda NGC PF 69 UC

$1050 Buy-It-Now.

1996 1 oz silver proof panda NGC PF 69 UC

$999 Buy-It-Now.

2005 1 kilo silver panda NGC PF 69 UC

$4795 Buy-It-Now. Mintage 4000. Heavy coins get damaged easily, and 69 coins are difficult to find.

NEW 2007 1/4 oz silver proof 25th anniversary panda 25 coin set

$1099 Buy-It-Now.

NEW 2007 1/4 oz silver proof 25th anniversary panda 25 coin set

$800 auction starting price.

2007 1/4 oz silver proof 25th anniversary panda 25 coin set

$299.95 auction starting price.

2007 1/4 oz silver proof 25th anniversary panda 25 coin set

$1280 Buy-It-Now. Mintage 30,000.

2007 1/4 oz silver proof 25th anniversary panda 25 coin set

$1280 Buy-It-Now. Mintage 30,000.

Search for 2007 1/4 oz silver proof 25th anniversary pandas

As a policy, I don't list coins that are not graded and authenticated by NGC or PCGS. However, this deal is too good to pass up, so I'm making an exception for it. I've seen the 2007 1/4 proof pandas sell for as cheaply as around $15 lately, but they're as rare as the other pandas selling for hundreds of dollars. There are many original sets of all 25 of the 2007 proof panda coins available on ebay right now. The lowest priced ones are about $900, and the highest priced ones are about $1300. At the highest price, that translates to only about $52 per coin! Compare that to the 1989 1 oz silver proof panda that has a similar mintage, and sells for $199 in a 69 grade.

Granted, almost none of these are graded. You'll have to know what you're doing to buy these, but I think you should be able to double your money on them easily once word gets out that you can still buy proof silver pandas for about the same price as an ungraded 2010 non-proof panda. Think it over - 2010 boring panda with a mintage of 3 million for $50, or a 2007 proof panda with a mintage 30,000 for $50. Don't be a fool, buy them up before sellers realize what they've got.

But, if you get coins that have white spots on them, return them. Here's an example of a set of coins that have white spots on them:

DO NOT BUY THIS SET - 2007 1/4 oz silver proof 25th anniversary panda 25 coin set - DO NOT BUY THIS SET

The seller is advertising them with the phrases "Great Look and Grade!" and "Each coin has also been graded at PF69 by NGC.". When I asked the seller about the problems his coins had, he said "They are NGC MS69" and only have a "minor imperfection". Clearly this seller is not willing to tell buyers the truth about the low quality of his coins. I don't normally go out of my way to shoot down someone's coins they're selling, but I've made an exception in this case because it's so important for my readers to see an example of what bad coins look like, even if they're graded.



Platinum and palladium pandas



1990 1 oz platinum panda NGC PF 69 UC

$10,750 Buy-It-Now. Mintage 1300. The last one sold at auction for close to the asking price for this coin. It's been getting talked about quite a lot. Platinum is getting popular, it seems.

NEW 2004 1/2 oz palladium panda PCGS PR 69 DCAM

$0.99 auction starting price. Mintage 8000.

NEW 2004 1/2 oz palladium panda NGC PF 69 UC

$1195 Buy-It-Now. Mintage 8000.

NEW ]2005 1/2 oz palladium panda NGC PF 69 UC

$1395 Buy-It-Now. Mintage 8000.



BU pandas



2001 D 1 oz silver panda NGC MS 69

$140 auction starting price.

2002 1 oz silver panda NGC MS 69

$90 auction starting price.

2002 1/20 oz gold panda NGC MS 69

$222 Buy-It-Now. Mintage 400,000. Much fewer were probably actually minted, because the design was the same as the 2001 coins, which made them unpopular when they first came out. In addition, many were probably damaged or destroyed through usage in jewelry, since the beautiful design and small size made these coins perfect for that use when collector interest was weak. Only 23 of these coins received an investment-grade of 69 or 70, while the 1 oz size has 101 coins in a 69 or 70 grade. That could be because fewer of these were submitted for grading, or  because fewer of them have survived in good enough condition to be worth the cost of grading. I suspect both factors are involved.

2002 1 oz gold panda PCGS MS 69

$2250 Buy-It-Now. These have the same design as the 2001 pandas. Because of that, they weren't popular, and fewer were made, and many were lost. You should have one in your collection. The seller says the estimated surviving number of specimens is only around 5000.

Investment-grade 1/2 oz silver pandas

These are moving upwards, so I decided to include them again. The items in the list are from an automatically generated search, so they're not necessarily recommendations. You'll have to find and purchase coins yourself, but I'll be happy to answer questions about them. There's too many to list individually - the search thingy above that shows the items doesn't show everything, so click the link above it to see all items that the search can find for you.



Large date and small date pandas



Investment grade large date and small date pandas

Pricing information is very immature for panda varieties so here's a search, not necessarily a list of recommendations, that shows you what I might have put in this article if there were more information available. Pricing is erratic, with no one quite sure what a fair price should be, not even the sellers themselves. That usually means everything is selling too cheap. Good luck, and get them while you can.



Lunar coins



1988 8 g gold lunar dragon NGC PF 69 UC

$1850 Buy-It-Now. Mintage 7600.

1988 1 oz platinum dragon NGC PF 69 UC

$6598 Buy-It-Now, or best offer. Mintage 2000.

NEW 1990 1 oz gold lunar horse NGC PF 69 UC

$3999 auction starting price. Mintage 6000.

1999 1/2 oz gold lunar scallop plum blossom flower rabbit PCGS PR 69 DCAM

$4300 Buy-It-now. Mintage 2300.

NEW 2006 1 oz silver scallop plum blossom flower lunar dog NGC PF 69 UC

$99 auction starting price. These have been selling for around $275 lately. Maybe you'll get this one for a bargain price, or maybe it'll set a new record.



Other investment grade coins



1979 1/2 oz silver matte year of the child NGC MS 69

This is a great coin being offered at a fair price. Cheapskates keep offering low-ball prices, but this coin is worth every penny of the $15,000 asking price. The last coins sold for increasingly high values of $7000 to almost $10,000 recently, and none of them were graded. This coin has a high 69 grade, a low mintage, and is extremely popular. Don't be a cheapskate, pay the full asking price and grab it before someone else does. It is worth it.

1986 24 g silver empress of china clipper ship NGC MS 69

This is on auction, so you may have a chance to get it for a bargain price. Mintage 50,000 to 90,000 (sources vary). These are starting to take off in price and popularity as dealers buy them up and market them to buyers. I used to be able to buy these for around $20 raw, now they're closer to $50 and rising fast. Investment-grade specimens are hard to find, and should command a significant premium over the ordinary raw prices. You used to be able to get these in a 69 grade for $100 to $150. I will be surprised if this one sells that cheaply on auction. The 70 graded specimens dropped from $500 to $385, which I think was a huge bargain. These are still plentiful for now, but they're getting bought up so fast, within a few months (maybe less), they will be gone and prices will make bigger moves upwards.

Question:

"What's the significance of 1986 CHINA S5Y SHIP EMPRESS OF CHINA (22.2g, not 24g as advertised) at $100 to 150? Its mintage is 75,000 so it's not that rare. Is there a cultural significance to it or what?"

Answer:

A few things are confusing about this coin: The weight, the mintage, the quality of the mintage, and the surviving population.

The COA for the coin says it's 26.6 grams, for example, while other sources claim a variety of other weights. I haven't actually weighed any of them yet though.  The information you have about the mintage and weight comes from the Krause catalog, which is known to have numerous errors that the authors are too lazy to fix, for decades at a time, from edition to edition, including simple spelling errors that spellcheck could fix instantly.

Mintage figures I've seen range from around 50,000 to 90,000. Regardless of what the actual mintage is, it's still arguably quite low. I have long suspected that these are rarer than people think they are, especially in high grades.

However, those are all just details that all take a backseat to popularity. The coin is not popular yet, but I think it has merely been overlooked because it wasn't intended for the Chinese market - the ship on the coin is American. The ship theme of the coin is what will make it popular, once it gets noticed.

There are a lot of oddball coins that don't fit in any specific category very well, because they weren't part of any sort of series. Having a recognizable theme makes it possible for an oddball coin to fit into a set, and become popular for the set. For example, China's maritime set was minted for only one year, with a very low mintage. It has become popular due to its low price relative to its rarity, and that popularity has spread to other coins with a ship theme. Some collectors consider dragon boats, and other ship coins to be part of their maritime set.

The quantity of coins that are almost always available for the 1986 coin leads me to believe that the mintage probably isn't terribly low. I think the rarity lies in grade rarity, since the coins are so frequently in poor condition, due to the lack of respect they received for seeming to not be rare.

If we go with the highest mintage estimate I can think of off the top of my head, at 90,000, then I would consider it to be a low mintage coin. I am speculating on this coin, since so little is known for certain about it, with much conflicting information.

I would not be an aggressive buyer of these coins, due to the uncertainties, but I would take bargains from time to time when they come available. The asking price for the coin I listed is $168, but I would put in an offer of $100, and see if the seller will take that. If not, I might wait a while to see if anything else turns up, and then possibly try another offer.

Either way, I think this coin is a $200+ coin in the near future, due it's under 100,000 mintage. It is included in my list specifically for people who cannot afford rarer coins, but still want something better than a $70 panda with a mintage of 300,000 to 600,000.

1988 1 oz gold san francisco expo dragon medal NGC PF 69 UC

$3999 Buy-It-Now, or best offer. Mintage 1500. This is a gorgeous medal with a low mintage and one of the most beautiful dragon designs made. I think the price is a bit high on this coin/medal but it deserves a mention here, since they could take off at any time. The most important thing about this coin that earns it a spot on my list is that it's a 69. Only half of them graded so far have been able to get a 69 (14 out of 28 total). They were frequently mishandled, and good quality, hand-selected specimens rarely earn an investment-quality grade. None have earned a 70. Oh, and it has the Chinese lucky number 8 twice in the date, which increases its desirability.

1993 1 oz silver proof ancient paintings peacock NGC PF 69 UC

$1450 Buy-It-Now. Mintage 7000. What a price on this coin! Is it "overpriced"? Yes. Is it worth it? Definitely. These are among the most popular modern Chinese coins, and they're hard to find due to their low mintage. Investment grade coins are being held tight by people who know the coin is only going to get more valuable the longer they hold it - so if you want to buy one, you have to pay a big price to get it.

NEW 1999 1 oz silver Beijing Expo panda NGC MS 69

$399 Buy-It-Now. Mintage 40,000. The actual mintage is probably lower.

2004, 2005, 2006 1 oz silver beijing coin expo panda medal 3 coin set NGC PF 69 UC

$850 Buy-It-Now. Mintage 30,000. These are highlighted with gold plating for the expos at China's capital city of Beijing, and are likely to be popular, and thus a good investment. I think they're underpriced right now due to the popularity factor. They're rare, but not rare compared to their price, which makes them seem expensive.



Helpful searches



These are helpful searches for coins, not necessarily a list of recommendations, like the other items in this article. If you didn't see anything you like above, you may find coins on your own here that I have ignored or overlooked. I've included an ebay search widget to show you a sample of search results, when possible (they don't always work, so I leave them out).

I'm not going to be able to keep track of when stuff in these searches sell, so you'll have to let me know if you invest in something from these automated searches, so I can include it in the list of other coins that have sold. It would also be appreciated if you posted your coins in the LBC makes me rich thread. Thank you very much!

Search for Chinese coins in 69 grade

Search for Chinese coins in 70 grade

Search for all Chinese coins

Search for proof pandas

Search for panda coins of all types




The items above are not necessarily a list of recommendations. In an effort to help out our small business members, any ebay seller listing that links to any page at www.livebusinesschat.com will show up in the list above (only a few at a time, sorted by time remaining). The name "Live Business Chat" must be somewhere in the auction, preferably as part of the displayed link. To make it easy, just put the following line anywhere in your ebay listing:

<a href="http://www.livebusinesschat.com/">Live Business Chat</a>

You can use that same line to link to us from any other website, also.



Sold recommendations



Total recommendations sold: $281,584.98

Coins sold from the Recommended modern Chinese coin investments #52 article, total: $17,762.62

This article covered a bit less than half as many days as the previous article, and the intensity of the sales activity is about the same. The market is so hot right now that it's exhausting to watch. It's not slowing down either, even though I'm feeling a bit burned out just with my own purchases. Trying to keep track of everyone else's has been quite a task! The funny thing is that the market seems to be getting even more active, instead of plateauing or slowing down. I suppose I'm doing the same thing with my own purchases, even though I'm feeling quite mentally tired from all the activity. I'm sure many of you reading this feel the same way, but the buying and selling continues!

A 1995 1 oz silver proof panda sold for a bargain price of $888.88 when previous sales were near or over the $1000 level. I'm sure the seller was taking a quick profit on a 3 day auction so he could buy more coins. Congratulations to whoever got that coin for such a good price.

A 1996 sold by the same seller went for a bargain price of $749 also.

The 1989 pandas just don't seem to want to stop. They're selling very strongly at the $280 level, and ungraded prices have boomed from around $100 all the way to over $200. That indicates that dealers are buying them up so they can send more in for grading in the hope that they'll get nice 69 grades and a healthy profit.

The 1989 saving children fund coin sold for $428, which is a VERY strong price for that coin. It has a mintage of 30,000 - a bit higher than the regular 1989 1 oz silver proof panda that sells for about $280. So, a slightly less-rare coin that's not even part of the regular panda series is selling for almost DOUBLE the price of a similar coin - why? It's all about the popularity! Popularity is THE MOST IMPORTANT factor to consider for coin investing. The saving children fund coin has a panda on it, which is good, but it also has children on it, which makes it much more "cute". Cute things are popular, just like powerful things are - like dragons, horses, and tigers. Very interesting!

The 1985 proof panda sold for $2275, which is a very strong price. I've been criticized for my prediction that proof pandas will be selling for $10,000 each in the next decade or so.  Well, this coin is just solidly passed the $2000 level...

The 2008 5 oz silver panda in a 70 grade failed to exceed the $1000 level like I thought it would. The mintage is low, but the coins haven't been receiving enough demand to both pull them off the market, and drive prices up to where I thought they should be. It sold for $890 instead, which I think was a very good price, but I'm not quite so excited about the bargain priced-ness of it as I am about the 1995 and 1996 1 oz coins that sold cheaply. I think the 5 oz coins still have a ways to go to prove themselves to be as popular as the normal sized coins. This is why I don't list 5 oz coins very often. I usually only list them if they're particularly rare for the grade they have - that's 69 for older coins, and 70 for newer coins.

We saw several very interesting coins that are almost never sent in for grading from the seller "seaclassic". The coins were a dragon & phoenix and an invention & discovery cast Chinese coins coin. They both sold for high prices that are going to seem dirt cheap in a few months.

The 1998 1 oz silver gold plated Beijing Expo pandas sold very quickly after the article mentioned them in the opening commentary. Their time has come, and they have moved up FAST in value, to nearly the $400 level. That's still pretty cheap though, since I expect their 1998 date and their beauty to make them among the most popular of silver pandas. Their rarity will seal the deal and make certain that they continue to cost increasingly large amounts of money. I expect them to reach the $1000 level some time this year, but maybe in just a few months now that the world is looking for them.

A 1993 silver scallop rooster sold for almost $900, which I think is the highest price ever paid for a silver scallop lunar coin, not including the key dragon coin. A graded dragon has not been seen for quite a long time, so if one were to surface, I expect it to easily pass the $1000 level, and maybe go substantially higher.

The star of the show was by far the 2000 1/2 oz gold scallop plum blossom flower lunar dragon PCGS PR 69 DCAM that sold for $5995. I know it was underpriced by several thousand dollars, but this coin is so rarely seen that I'm not sure exactly how underpriced it was. The previous one that sold was sold during the slowdown on December 12th for very close to the same price. All the other coins in the same series have doubled in price, or more, in the months since the last dragon was sold. Since the dragon is the key of the series, it seems logical to me that it should have doubled in price also, if not more. A doubling would put the correct value of that coin at well over $10,000 but the seller listed it in a Buy-It-Now for the same price it was selling for several months ago. It only lasted a few minutes before somebody grabbed it. Nearly $6000 burned a hole in somebody's wallet like stick of dynamite burns a hole into the side of a mountain...WOW, what a bargain!

1990 1/10 oz platinum panda NGC PF 69 UC for $700 Mar 02 2011
1995 1/20 oz gold panda NGC MS 70 for $1188.88 Mar 02 2011
1995 1 oz silver proof panda NGC PF 69 UC for $888.88 Mar 02 2011
1996 1 oz silver proof panda NGC PF 69 UC for $749 Mar 01 2011
1989 1 oz silver proof panda NGC PF 69 UC for $279 Feb 28 2011
2000 1/2 oz gold scallop plum blossom flower lunar dragon PCGS PR 69 DCAM for $5995 Feb 28 2011
2008 5 oz silver panda NGC PF 70 UC for $890 Feb 28 2011
1985 27 g silver panda NGC PF 69 UC for $2275 Feb 27 2011
1987 1 oz silver proof panda NGC PF 69 UC for $600 Feb 27 2011
1989 1 oz silver proof panda NGC PF 69 UC for $280 Feb 27, $275 Feb 14 2011
1989 22 g silver proof saving children fund panda NGC PF 69 UC for $428 Feb 27 2011
1990 1 oz silver proof panda NGC PF 69 UC for $399 Feb 27 2011
1990 1 oz silver proof dragon & phoenix NGC PF 69 UC for $756 Feb 27 2011
1992 1 oz silver proof panda NGC PF 69 UC for $450 Feb 27 2011
1992 15 g invention & discovery ancient Chinese coins NGC PF 69 UC for $250 Feb 27 2011
1993 2/3 oz silver scallop plum blossom flower lunar rooster NGC PF 69 UC for $898.88 Feb 27 2011
1998 1 oz silver beijing expo panda NGC MS 69 for $399.99 Feb 27, $299.99 Jan 11 2011
2007 1/25 oz gold 2004 25th anniversary panda NGC PF 70 UC for $159.99 Feb 27 2011

Coins sold from the Recommended modern Chinese coin investments #51 article, total: $55,579.50 (surpassed $250,000 in coins sold from these lists)

Buying is the most aggressive I've seen in a long time. I've seen many, many listings that have both a higher Buy-It-Now price and a lower auction starting price. During normal market conditions, the Buy-It-Now price is above the market value, and the auction starting price is right at the market value. Buyers normally will place a bid at the auction starting price, and the coin will sell with just one bid.

Now I'm seeing buyers just grabbing the coins at the Buy-It-Now price to eliminate the possibility that someone else might bid the coin up higher. The shocking thing is that sometimes the difference between the Buy-It-Now price and the auction starting price is several hundred dollars! That's like saying "I'm going to pay an extra $500 just to make sure no one can outbid me for this coin". Amazing.

These Buy-It-Now prices that people are paying are not cheap either. Some coins are being listed at old prices because the sellers aren't aware prices have increased. That's not what I'm talking about. I'm talking about rare, desirable investment-grade coins in this list here that have had their prices adjusted upwards, and are still getting grabbed at whatever price will get the coin locked in for the buyer.

For example, it happened on the 1997 three kingdoms coin that sold for $3500. The auction starting price was a few hundred dollars cheaper at $3150, but the buyer decided it was worth $3500 to beat everyone else in obtaining that coin, instead of gambling for a cheaper price. That's some seriously aggressive buying, by a whole lot of people with plenty of money, who are trying to cut short any possible bidding war.

I've noticed that when one coin is listed for a Buy-It-Now of $529, and another is listed at auction for a much lower price, the coin that's on a Buy-It-Now will go unsold, while the auction price will get pushed up to even MORE than the Buy-It-Now coin. That's what happened with a pair of 1992 1 oz silver proof pandas in the last article. One coin just sat there for the bargain Buy-It-Now price of $529, while the coin on auction got pushed up to $540. Even after the auction was over, the cheaper $529 coin still went unnoticed, even by the second highest bidder who was willing to pay $530 for the auction coin. This is a well-known phenomenon in auctions. If the starting price for a coin is too low, it will draw much more attention than a coin that's fairly priced. As strong as the market is right now, if you sell, you want to sell at auction.

The 1994 1 oz silver proof panda set a new record at $1250, which I believe to be the highest price ever paid for a 1 oz silver proof panda from the 1989 to 1996 series. I call these $10,000 pandas, which left people quite skeptical at first. There's still many people who find it hard to believe that these pandas will cost you $10k in the next decade, but  we're already well on our way to $2000 - a price that seemed silly a few months ago when you could have bought one of them for around $300!

No lie, I feel the pain, because I sold one of mine near that price level - but I got a good coin in return for it, so I guess it's OK...I still miss my 1994, and watching it triple in price leaves me wonder if maybe I should figure out another way to fund coin purchase that doesn't involve selling coins. I make more money just looking at them than I do by selling them...that's why the market can dry up so fast - sellers stop selling when they make more money by keeping the coins!

The 2007 25th anniversary pandas are performing well, and holding gains. They're not as plentiful as they used to be, and whenever they appear for sale, they're selling for strong prices. The prices aren't steady yet though, so it's tough to predict what they'll sell for. As the supply gets mopped up, you'll continue to see gradual price gains, with bargains appearing from time to time until they're gone.

The rare gold and silver unicorns have been on fire, with record prices on each one sold.

This has been an exciting week for all coins.

1994 1 oz silver proof panda NGC PF 69 UC for $1250 Feb 27, 2011
1998 1 oz silver "reduced size" lunar tiger NGC PF 69 UC for $610 Feb 27, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $810 Feb 27, 2011
1986 gold proof panda 5 coin set NGC PF 69 UC for $4950 Feb 26, 2011
1993 1 oz silver proof panda PCGS PR 69 DCAM for $988 Feb 26, 2011
1995 1 oz silver proof panda NGC PF 69 UC for $1025 Feb 26, 2011
2004 1/2 oz palladium panda NGC PF 69 UC for $932.22 Feb 26, 2011
1995 1/10 oz gold proof unicorn PCGS PR 69 DCAM for $1680 Feb 25, 2011
1997 5 oz silver three kindgoms NGC PF 69 UC for $3500 Feb 25, 2011
1988 5 oz gold panda NGC PF 69 UC for $12888 Feb 24, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $275 Feb 24, 2011
1994 1 oz silver lunar dog NGC PF 69 UC for $585 Feb 24, 2011
2002 1 oz silver panda NGC MS 69 for $132.49 Feb 24, 2011
2005 1 oz silver panda NGC MS 70 for $300 Feb 24, 2011
1991 15 g silver lunar goat NGC PF 69 UC for $350 Feb 23, 2011
2001 D 1 oz silver panda NGC MS 69 for $170 Feb 23, 2011
2008, 2009, 2009 1 oz silver panda 3 coin lot NGC MS 70 for $350 Feb 23, 2011
1986 24 g silver empress of china clipper ship NGC MS 70 for $385 Feb 22, 2011
2000 1/20 oz gold frosted panda NGC MS 69 for $200 Feb 22, 2011
2005 5 oz silver panda NGC PF 69 UC for $3800 Feb 22, 2011
2007 1/25 oz gold 2004 25th anniversary panda NGC PF 70 UC for $139.99 Feb 22, 2011
1986 24 g silver empress of china clipper ship NGC MS 70 for $385 Feb 20, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $275.95 Feb 20, 2011
1989 1 oz gold proof panda NGC PF 69 UC for $2355 Feb 20, 2011
1993 2/3 oz silver scallop plum blossom flower lunar rooster NGC PF 69 UC for $760 Feb 20, 2011
1995 15 g silver fu lu shu NGC PF 69 UC for $425 Feb 20, 2011
2001 D 1 oz silver panda PCGS MS 69 for $150 Feb 20, 2011
2007 1/4 oz silver 2004 25th anniversary panda PCGS PR 69 DCAM for $82 Feb 20, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $807 Feb 20, 2011
2008 1 oz silver olympic kite flying NGC PF 70 UC for $199.95 Feb 20, 2011
1986 gold proof panda 5 coin set NGC PF 69 UC for $6500 Feb 19, 2011
1989 1 oz silver New York expo panda horse medal NGC PF 69 UC for $688.88 Feb 19, 2011
1990 1 oz silver proof panda NGC PF 69 UC for $329 Feb 19, 2011
1991 bimetallic 25 yuan coin and hong kong expo medal 2 coin set NGC PF 69 UC for $4450 Feb 19, 2011
1992 1 oz silver proof panda PCGS PR 69 DCAM for $540 Feb 19, 2011
1995 1 oz silver proof unicorn NGC PF 69 UC for $1020 Feb 19, 2011
1995 1 oz silver kuan yin NGC MS 69 for $266 Feb 19, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $1025.02 Feb 19, 2011

Coins sold from the Recommended modern Chinese coin investments #50 article, total: $23,701.35 (surpassed $200,000 in coins sold from these lists)

Just look at how many coins sold! WOW! This is the most aggressive buying action from these lists since I began doing them a few months ago. The market is no longer in a slowdown. It's officially HOT!

The best bargain that got snagged was the 1986 1/20 oz gold proof panda. It sold for only $164.50! That's roughly 1/10th of what I think that coin SHOULD be selling for in the near future. Other dates have been selling for around $250 to $500 right now, so no matter how you look at it, the coin sold cheap. It has a mintage of only 10,000 with many of them destroyed through usage in Jewerly. A silver proof panda with a similar mintage in high grade would sell for around $700 to $1800, depending on the year. Whoever bought that coin made a very good investment.

Also interesting is the aggressive buying action on the 1996 1 oz silver proof unicorns. Full asking prices are being paid, and new records are being set. 3 of them sold for over $450, when they were selling for only around $280 just a few weeks ago. WOW!

The 1 oz silver lunar coins are very hot too. It looks like it's going to be hard to get them under $400 from now on.

The 1988 1 oz gold Hong Kong Expo medal sold $8600, which was a bit more than my maximum "bargain" estimate of $8000. In general, coins are starting to exceed my price estimates, instead of falling short as they were during the slowdown. These are exciting times again.

1991 1/4 oz gold proof pandas NGC PF 69 UC for $1100 Feb 19, 2011
1989 5 oz silver panda NGC PF 69 UC for $1000 Feb 19, 2011
1986 1/20 oz gold proof panda PCGS PR 69 DCAM for $165.50 Feb 18, 2011
1988 1 oz gold hong kong expo panda dragon medal NGC PF 69 UC for $8600 Feb 18, 2011
1988 1 oz platinum lunar dragon NGC PF 69 UC for $6200 Feb 18, 2011
1988 1 oz silver dragon NGC PF 69 UC for $770 Feb 18, 2011
1992 1 oz silver lunar monkey NGC PF 69 UC for $365 Feb 18, 2011
1992 1 oz silver proof panda NGC PF 69 UC for $399 Feb 18, 2011
1996 1 oz silver proof unicorn NGC PF 69 UC for $454.95 X 3 Feb 18, 2011
1996 1 oz silver piedfort kuan yin NGC PF 69 UC for $650 Feb 18, 2011
2006 1 oz silver scallop plum blossom flower lunar dog NGC PF 69 UC for $270 Feb 18, 2011
2006 1 oz silver scallop plum blossom flower lunar dog NGC PF 69 UC for $270 Feb 18, 2011
1994 1/4 oz gold proof unicorn NGC PF 69 UC for $1500 Feb 17, 2011
1996 1 oz silver proof unicorn NGC PF 69 UC for $399 Feb 17, 2011
1996 1 oz silver proof unicorn NGC PF 69 UC for $399 Feb 17, 2011 (LBC makes me rich)
2004 1 oz silver beijing expo panda NGC MS 69 for $249 Feb 17, 2011

Coins sold from the Recommended modern Chinese coin investments #49 article, total: $9304

Once again, 1989 coins are being bought very aggressively. The prices for the 1989 1 oz silver proof panda are quickly moving back up to the peak offering price of $299, with the highest sale at $275. That's some very unusual strong buying we're seeing. I don't have an explanation for it either. I suspect the coin is seen as a bargain, due to its low price compared to the other proof pandas. It is an attractive first investment to make, on a coin that can't be called overpriced due to massive gains yet, unlike some of the others that earlier had doubled or tripled in just a few months.

Small size gold proof pandas are extremely hot right now. Record prices all around, on rarely seen and hard to find investment-grade coins. Compared to their full-size counterparts, they're more affordable, and very attractive investments due to the larger number of people who can afford to drive the prices upward on them.

The 2000 scallop dragon was a coin that I had overlooked (on purpose or by accident, I wont say, hehe). I was surprised to see them both sell very quickly after they were brought to everyone's attention by FanOfBadon in the comments on my last article. They're the key coin for the silver scallop series, and although I think the nearly $1000 price is high, it's nothing compared to where it'll be in the future. With a mintage of only 6800, and increasing popularity, it's likely they'll end up being $10,000 coins along with the many other comparatively inexpensive coins that are included in my list when they come available.

1994 1/4 oz gold proof panda PCGS PR 69 UC for $1598 Feb 16, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $250 Feb 15, 2011
1990 1/2 oz gold proof panda PCGS PR 69 DCAM for $1275 Feb 15, 2011
1992 1 oz silver proof panda NGC PF 69 UC for $399 Feb 15, 2011 (LBC makes me rich private sale)
1993 1/2 oz gold proof panda NGC PF 69 UC for $3250 Feb 15, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $275 Feb 14, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $259 Feb 14, 2011
2000 2/3 oz silver scallop plum blossom flower lunar dragon PCGS PR 69 DCAM for $999 X 2 Feb 14, 2011

Coins sold from the Recommended modern Chinese coin investments #48 article, total: $7972.79

Somebody got a great bargain on the 2007 1/4 oz silver 25th anniversary panda NGC PF 70 UC. It went for only $63.01, when my estimate was $180. I've been told my enthusiasm for these coins is a bit too emphatic, and that may be the case, but even those who are telling me that agree that $63 for one of these was a bargain price. I would have bought it myself, but I was busy writing this article, and didn't notice it going WAY too cheaply!

The lunar coins did very well, especially the 1989 1 oz gold snake. It has a mintage of 3000, and sold for over $4000! There are several coins in this list right now with mintages lower than that, and many cost a small fraction of that price. That's a clue about where prices are going on the underpriced coins. Notice the difference that a little extra rarity and popularity can make - 8 g gold snake from the same year has a little more than double the mintage, so you would intuitively guess that it'd sell for half the price, right? Well, it sold for about 1/5 the price. A little rarity and a lot of popularity goes a LONG way.

1988 8 g gold lunar dragon NGC PF 69 UC for $1075 Feb 13, 2011
1989 8 g gold lunar snake NGC PF 69 UC for $750 Feb 13, 2011
1989 1 oz gold lunar snake NGC PF 69 UC for $4055.56 Feb 13, 2011
2007 1/4 oz silver 2004 25th anniversary panda NGC PF 70 UC for $63.01 Feb 13, 2011
1995 1 oz silver proof panda NGC PF 69 UC for $899 Feb 11, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $822.22 Feb 11, 2011
2002 1 oz silver panda NGC MS 69 for $86 Feb 10, 2011
1995 1/20 oz gold small date panda NGC MS 69 for $222 Feb 10, 2011

Coins sold from the Recommended modern Chinese coin investments #47 article, total: $1123

1990, 1991, and 1992 coins are the sold items of the day. Funny how that comes right after the hoard of 1989 coins that were bought up just prior. Probably a temporary anomaly, but I don't think so. Overall, not an exciting set of sales, but the worldwide markets were slower today after a temporary rally in the U.S. Dollar. That really is only temporary. Prices have been increasing noticeably, and fewer coins are being listed. I'm hearing reports of sellers delisting their coins, or claiming to have "lost" it after someone purchases it. A few good coins have been getting listed though, but at higher prices.

1990 1 oz silver proof panda NGC PF 69 UC for $309 Feb 09, 2011
1991 1 oz silver proof panda NGC PF 69 UC for $399 Feb 09, 2011
1992 1 oz silver proof panda NGC PF 69 UC for $415 Feb 09, 2011

Coins sold from the Recommended modern Chinese coin investments #46 article, total: $5604

What's up with the 1989 coins? For whatever reason, all the hottest coins are dated 1989. 1989 1 oz silver proof pandas continue to be bought up aggressively, with the cheaper coins disappearing quickly. Anything $299 and under has been getting bought up. The American expo medals are also still selling well, especially the 1989 1 oz silver with a mintage of only 4000.

1999 1 oz gold large date panda NGC MS 70 for $4550 Feb 08, 2011
1989 1 oz silver proof panda NGC PF 69 DCAM for $255 Feb 08, 2011
1989 1 oz silver proof panda PCGS PR 69 DCAM for $299 Feb 07, 2011
1989 1 oz silver New York expo panda horse medal NGC PF 69 UC for $500 Feb 07, 2011 (private sale, LBC makes me rich)

Coins sold from the Recommended modern Chinese coin investments #45 article, total: $4296.99

Sales are strong again, with many proof silver pandas being bought aggressively. Small size coins are selling quickly, or being removed from sale offerings, sometimes before the article gets published. Proof silver pandas were the star of the show, by far, but the other coins that sold went for very strong prices, especially coins with dragons and horses on them. 1989 1 oz silver proof pandas were on fire for some reason. Prices hit the $299 level, which I think is a new record for that coin. If not a new record, then at least it's back up to where it was before the slowdown started. Very impressive performance overall.

1989 1 oz silver proof panda NGC PF 69 UC for $279 Feb 05, 2011
1996 1 oz silver proof panda NGC PF 69 UC for $718.88 Feb 05, 2011
2007 1/25 oz gold 25th anniversary 2004 panda NGC PF 70 UC for $129.99 Feb 05, 2011
1988 1 oz silver piedfort lunar dragon NGC PF 69 UC for $688 Feb 04, 2011
1990 1 oz silver proof panda NGC PF 69 UC for $309 Feb 04, 2011
1989 1/4 oz gold new york expo panda horse medal NGC PF 69 UC for $873 Feb 04, 2011 (LBC makes me rich)
1989 1 oz silver proof panda NGC PF 69 UC for $260 Feb 04, 2011
1989 1 oz silver proof panda PCGS PR 69 DCAM for $299 Feb 04, 2011
1990 1 g gold proof dragon & phoenix NGC PF 69 UC for $400 Feb 03, 2011
1993 1 oz silver proof panda NGC PF 69 UC for $340.12 Feb 03, 2011

Coins sold from the Recommended modern Chinese coin investments #44 article, total: $2686.72

Sales were strong for this article. Prices are still reduced from their recent peak, but they're climbing upward again. The star of the show was the 1988 1 oz gold san francisco expo dragon medal that sold for $3250. That's a nice price for a medal, and evidence that my article detailing why medals matter was correct.

1987 1 oz silver proof panda NGC PF 69 UC for $405 Feb 03, 2011
1990 1 oz silver proof panda NGC PF 69 UC for $227.62 Feb 03, 2011
1993 1 oz silver proof panda NGC PF 69 UC for $340.12 Feb 03, 2011
1996 1 oz silver proof panda NGC PF 69 UC for $680 Feb 03, 2011
1996 1 oz silver proof unicorn NGC PF 69 UC for $330.98 Feb 03, 2011
1988 1 oz gold san francisco expo dragon medal NGC PF 69 UC for $3250 Feb 02, 2011

Coins sold from the Recommended modern Chinese coin investments #43 article, total: $928.99

1990 1/10 oz platinum proof panda PCGS PR 69 DCAM for $699 Feb 02, 2011
1986 24 g silver empress of china clipper ship NGC MS 69 for $100 Feb 02, 2011
2007 1/25 oz gold 25th anniversary 2004 panda NGC PF 70 UC for $129.99 Feb 01, 2011

Coins sold from the Recommended modern Chinese coin investments #42 article, total: $2241.59

The 1990 dragon & phoenix coin achieved strong price that I believe is a new record. The coin was previously not considered rare, but now it is, and it earned almost $400! The 1997 unicorn was listed with a Buy-It-Now price of only $115, but greedy buyers decided to try to bid on it instead at its auction starting price of $99 to shave a few dollars off the price. In the end, they just had to pay more, as the coin almost reached $125 in auction. Pay the asking price, and get the coin! Don't be a cheapskate. The historical figures Beethoven coin was a disappointment at only $80. I think it is easily worth $100+, but The Market has spoken...I consider it a bargain. The 1986 empress of China coin sold at auction for almost $90, which I think is an excellent price, and shows some solid strength in the demand for that coin. Prices have been increasing for both raw and graded coins, with 69 and 70 graded coins selling for very profitable prices from a dealer perspective, and motivating them to submit more of them for grading. The 70 coins are the real stunners to watch for though, with MASSIVE premiums over the price of a 69.

1990 1 oz silver dragon & phoenix NGC PF 69 UC for $395 Feb 01, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $777.77 Jan 31, 2011 (LBC makes me rich)
2006 1 oz silver scallop plum blossom flower lunar dog NGC PF 69 UC for $275 Jan 31, 2011
2002 1 oz silver panda PCGS MS 69 for $99 Jan 31, 2011
1997 1 oz silver unicorn NGC MS 69 for $124.49 Jan 31, 2011
1990 1 oz silver world historical figures Beethoven NGC PF 69 UC for $80 Jan 31, 2011
1986 24 g silver empress of china clipper ship NGC MS 69 for $89.88 Jan 31, 2011
1996 1 oz silver proof unicorn NGC PF 69 UC for $399.95 Jan 30, 2011

Coins sold from the Recommended modern Chinese coin investments #41 article, total: $2620.99 (surpassed $150,000 in coins sold from these lists)

2007 1/25 oz gold 25th anniversary 2004 panda NGC PF 70 UC for $129.99 Jan 30, 2011
1990 1/4 oz gold proof panda PCGS PR 69 DCAM for $750 Jan 29, 2011
1984 27 g silver panda NGC PF 69 UC for $1741 Jan 29, 2011

Coins sold from the Recommended modern Chinese coin investments #40 article, total: $5665

1988 1 oz platinum lunar dragon NGC PF 69 UC for $5500 Jan 26, 2011
2001 D 1 oz silver panda PCGS MS 69 for $165 Jan 25, 2011

Coins sold from the Recommended modern Chinese coin investments #39 article, total: $4254.23

1990 1 oz silver proof panda NGC PF 69 UC for $299 Jan 25, 2011
1987 1 oz silver proof panda NGC PF 69 UC for $631.23 Jan 24, 2011
1990 1/2 oz gold proof panda NGC PF 69 UC for $1198 Jan 24, 2011
1990 1/2 oz gold proof panda PCGS PR 69 DCAM for $1298 Jan 24, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $699 Jan 24, 2011
1986 24 g silver empress of china clipper ship NGC MS 69 for $120 Jan 23, 2011

Coins sold from the Recommended modern Chinese coin investments #38 article, total: $2183.44

2005 1 oz silver panda NGC MS 70 for $151 Jan 23, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $740.45 Jan 23, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $610 Jan 23, 2011
2007 1/4 oz silver 25th anniversary 1997 proof panda PCGS PR 69 DCAM for $94 Jan 23, 2011
2007 1/4 oz silver 25th anniversary 2005 proof panda PCGS PR 69 DCAM for $94 Jan 23, 2011
2007 1/4 oz silver 25th anniversary 2006 proof panda PCGS PR 69 DCAM for $112.50 Jan 23, 2011
2009 1 oz silver 30th anniversary panda PCGS MS 70 for $161.50 Jan 23, 2011
1992 15 g silver marco polo NGC PF 69 UC for $219.99 Jan 22, 2011

Coins sold from the Recommended modern Chinese coin investments #37 article, total: $4855

1992 15 g silver marco polo NGC PF 69 UC for $199 Jan 22, 2011
1992 1 oz silver proof panda PCGS PR 69 DCAM for $499 Jan 22, 2011
1994 1 oz silver proof panda PCGS PR 69 DCAM for $900 Jan 22, 2011
1996 1 oz silver unicorn NGC PF 69 UC for $399 Jan 22, 2011
1994 1/4 oz gold proof panda PCGS PR 69 DCAM for $1598 Jan 21, 2011
1982 1/10 oz gold panda NGC MS 69 for $710 Jan 20, 2011
1988 1 oz silver proof dragon NGC PF 69 UC for $550 Jan 20, 2011

Coins sold from the Recommended modern Chinese coin investments #36 article, total: $8451.96

1990 1 oz silver proof panda NGC PF 69 UC for $299 Jan 20, 2011
2002 2/3 oz silver scallop plum blossom flower lunar horse for $976 Jan 19, 2011
2000 2/3 oz silver scallop plum blossom flower lunar dragon for $808.08 Jan 19, 2011
1993 1 oz silver fu lu shu NGC MS 69 for $263.88 Jan 19, 2011
1993 1/2 oz gold Mao Tse-Tung NGC PF 69 UC for $4800 Jan 19, 2011
1981 15 g silver lunar rooster NGC PF 69 UC for $1305 Jan 19, 2011

Coins sold from the Recommended modern Chinese coin investments #35 article, total: $399

1996 1 oz silver unicorn NGC PF 69 UC for $399 Jan 18, 2011

Coins sold from the Recommended modern Chinese coin investments #34 article, total: $11944.01

1988 1 oz platinum lunar dragon NGC PF 69 UC for $5600.01 Jan 17, 2011
1990 1 oz platinum horse NGC PF 69 UC for $5145 Jan 17, 2011

1992 1 oz silver proof panda NGC PF 69 UC for $450 Jan 16, 2011
1996 1 oz silver proof panda NGC PF 69 UC for $749 Jan 16, 2011

Coins sold from the Recommended modern Chinese coin investments #33 article, total: $7008.02

1996 1 oz silver proof panda NGC PF 69 UC for $771.04 Jan 16, 2011
1993 1/10 oz gold proof panda PCGS PR 69 DCAM for $1098 Jan 16, 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set NGC PF 69 UC for $1095 Jan 15, 2011
1996 1 oz silver proof panda NGC PF 69 UC for $745 Jan 15, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $255 Jan 14, 2011
1990 1 oz silver proof panda NGC PF 69 UC for $299.99 Jan 14, 2011
1993 1 oz silver proof panda NGC PF 69 UC for $599.99 Jan 14, 2011
2004 1/2 oz palladium panda NGC PF 69 UC for $895 Jan 14, 2011
1992 1 oz silver proof panda NGC PF 69 UC for $450 Jan 12, 2011
1995 1 oz silver proof panda NGC PF 69 UC for $799 Jan 11, 2011

Coins sold from the Recommended modern Chinese coin investments #32 article, total: $4741.88 (passed $100k in sold recommended investments)

1996 1 oz silver proof unicorn NGC PF 69 UC for $329 Jan 11, 2011
1996 1 oz silver proof panda NGC PF 69 UC for $729 Jan 11, 2011
1996 1 oz silver proof panda NGC PF 69 UC for $741 Jan 11, 2011
1995 1 oz silver proof panda NGC PF 69 UC for $765 Jan 11, 2011
1994 1 oz silver proof panda NGC PF 69 UC for $888.88 Jan 11, 2011
1993 1 oz silver proof panda NGC PF 69 UC for $404 Jan 11, 2011
1991 1 oz silver proof panda NGC PF 69 UC for $355 Jan 11, 2011
1990 1 oz silver proof panda PCGS PR 69 DCAM for $275 Jan 11, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $255 Jan 11, 2011

Coins sold from the Recommended modern Chinese coin investments #31 article, total: $3701

2004 1/4 oz palladium panda NGC PF 69 UC for $895 Jan 10, 2011
1993 5 oz silver proof panda NGC PF 69 UC for $2561 Jan 10, 2011
2008 1 oz silver panda NGC MS 70 for $150 Jan 10, 2011
1991 silver Albert Eintstein NGC PF 69 UC for $95 Jan 09, 2011

Coins sold from the Recommended modern Chinese coin investments #30 article, total: $299.99

1989 1 oz silver proof panda NGC PF 69 UC for $250 Jan 08, 2011
2007 1/4 oz silver proof 25th anniversary 2001-2002 panda PCGS PR 69 DCAM for $49.99 Jan 08, 2011

Coins sold from the Recommended modern Chinese coin investments #29 article, total: $4715.61

1992 1 oz silver proof panda NGC PF 69 UC for $450 Jan 08, 2011
1996 1 oz silver proof unicorn NGC PF 69 UC for $299 Jan 08, 2011
1999 1/4 oz gold large date serif panda NGC MS 69 for $3049.99 Jan 08, 2011
2005 1 oz silver panda NGC MS 70 for $143.60 Jan 08, 2011
2008 1 oz silver proof panda NGC MS 70 for $161.50 Jan 08, 2011
2009 1 oz silver panda NGC MS 70 for $159.51 Jan 08, 2011
2009 1 oz silver proof panda NGC MS 70 for $139.95 Jan 08, 2011
1989 1 oz silver proof panda NGC PF 69 UC for $250 Jan 07, 2011
2009 1 oz silver 30th anniversary panda NGC MS 69 for $62.06 Jan 07, 2011

Coins sold from the Recommended modern Chinese coin investments #28 article, total: $998

2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $700 Jan 07, 2011
1990 1/10 oz gold proof pandas PCGS PR 69 DCAM for $298 Jan 06, 2011

Coins sold from the Recommended modern Chinese coin investments #27 article, total: $18595

1989 8 g gold lunar snake NGC PF 69 UC for $800 Jan 06, 2011
1998 1 oz gold large date panda NGC MS 69 for $5500 Jan 06, 2011
2004 1/2 oz palladium panda NGC PF 69 UC for $895 Jan 06, 2011
2008 5 oz gold panda NGC MS 70 for $11,400 Jan 06, 2011

Coins sold from the Recommended modern Chinese coin investments #26 article, total: $869.95

2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $700 Jan 04, 2011
2005 1 oz silver panda NGC MS 70 for $169.95 Jan 04, 2011

Coins sold from the Recommended modern Chinese coin investments #25 article, total: $823

1998 2/3 oz silver lunar scallop plum blossom flower tiger NGC PF 69 UC for $770 Jan 03, 2011
2007 1/4 oz silver 1989 25th anniversary panda NGC PF 70 UC for $53 Jan 02, 2011

Coins sold from the Recommended modern Chinese coin investments #24 article, total: $2408.11

2008 1 oz silver olympic kite flying NGC PF 70 UC for $88.01 Jan 02, 2011
2008 1 oz silver olympic goat jumping NGC PF 70 UC for $87.10 Jan 02, 2011
2008 1 oz silver olympic shuttlecock NGC PF 70 UC for $81 Jan 02, 2011
2008 1 oz silver olympic hoop rolling NGC PF 70 UC for $82.01 Jan 02, 2011
1996 1 oz silver small date panda NGC MS 69 for $99.99 Jan 01, 2011
1986 1/10 oz gold proof panda NGC PF 69 UC for $280 Jan 01, 2011
1986 1/4 oz gold proof panda NGC PF 69 UC for $540 Jan 01, 2011
1986 1/20 oz gold proof panda NGC PF 69 UC for $150 Dec 31, 2010
1986 1/2 oz gold proof panda NGC PF 69 UC for $1000 Dec 31, 2010

Coins sold from the Recommended modern Chinese coin investments #23 article, total: $2178

1996 1 oz silver small date panda NGC MS 69 for $85 Dec 31, 2010
1996 1 oz silver large date panda NGC MS 69 for $85 Dec 31, 2010
1992 1 oz silver proof panda NGC PF 69 UC for $449 Dec 31, 2010
1990 1/20 oz gold proof panda NGC PF 69 UC for $298 Dec 31, 2010
1989 1/4 oz gold proof panda PCGS PR 69 DCAM for $598 Dec 31, 2010
2010 1 oz silver panda PCGS MS 70 for $95 Dec 31, 2010
1989 1/4 oz gold proof panda NGC PF 69 UC for $568 Dec 30, 2010

Coins sold from the Recommended modern Chinese coin investments #22 article, total: $600.11

2007 1/25 oz gold 2004 15 yuan proof panda NGC PF 70 UC for $119.99 Dec 30, 2010
2010 1 oz silver panda PCGS MS 70 for $103.38 Dec 30, 2010
2010 1 oz silver panda PCGS MS 70 for $103.76 Dec 30, 2010
2010 1 oz silver panda PCGS MS 70 for $100.88 Dec 30, 2010
2009 1 oz silver panda NGC MS 70 for $86.05 Dec 29, 2010
2009 1 oz silver 30th anniversary panda NGC MS 70 for $86.05 Dec 29, 2010

Coins sold from the Recommended modern Chinese coin investments #21 article, total: $3975.38

2010 1 oz silver panda PCGS MS 70 for $101.88 Dec 29, 2010
2010 1 oz silver panda PCGS MS 70 for $108.50 Dec 29, 2010
1987 1/4 oz gold proof panda PCGS PR 69 DCAM for $550 Dec 28, 2010
1994 1 oz silver proof panda PCGS PR 69 DCAM for $1188 Dec 28, 2010
1995 1 oz silver proof panda NGC PF 69 UC for $799 Dec 28, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $888 Dec 28, 2010
2003 1 oz silver panda NGC MS 70 for $340 Dec 28, 2010

Coins sold from the Recommended modern Chinese coin investments #20 article, total: $4541.93

1990 1/2 oz gold proof panda PCGS PR 69 DCAM for $1298 Dec 28, 2010
2009 1 oz gold panda NGC MS 70 for $1850 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 for $108.38 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 for $106.50 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 for $104.05 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 X 10 for $1075 Dec 28, 2010

Coins sold from the Recommended modern Chinese coin investments #19 - Don't buy ungraded coins article, total: $2316.24

1990 1 oz silver proof panda NGC PF 69 UC for $299 Dec 27, 2010
1992 1 oz silver proof panda NGC PF 69 UC for $399.99 Dec 27, 2010
2005 1/2 oz palladium panda NGC PF 70 UC for $1295 Dec 27, 2010
2010 1 oz silver panda PCGS MS 70 for $105.60 Dec 27, 2010
2010 1 oz silver panda PCGS MS 70 for $108.05 Dec 27, 2010
2010 1 oz silver panda NGC MS 70 for $108.60 Dec 27, 2010

Coins sold from the Recommended modern Chinese coin investments #18 article, total: $1716.48

1984 27 g silver panda NGC PF 69 UC for $1613.88 Dec 26, 2010
2010 1 oz silver panda PCGS MS 70 for $102.60 Dec 26, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-24 article, total: $2089.19 (passed $50k in sold recommended investments)

2010 1 oz silver scallop plum blossom flower tiger NGC PF 69 UC for $275 Dec 24, 2010
2010 1 oz silver panda PCGS MS 70 for $105.60 Dec 25, 2010
2010 1 oz silver panda PCGS MS 70 for $108.60 Dec 25, 2010
1995 1 oz silver proof panda NGC PF 69 UC for $799.99 Dec 24, 2010
2004 1/2 oz palladium panda NGC PF 69 UC for $800 Dec 24, 2010

Coins sold from the Recommended modern Chinese coin investments and commentary - 2010-Dec-23 article, total: $1901.60

1995 1 oz silver proof panda NGC PF 69 UC for $749 Dec 23, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $569 Dec 23, 2010
2010 1 oz silver scallop plum blossom flower tiger NGC PF 69 UC for $275 Dec 23, 2010
2010 1 oz silver panda PCGS MS 70 for $103.60 Dec 23, 2010
2010 1 oz silver panda PCGS MS 70 for $102.50 Dec 23, 2010
2010 1 oz silver panda PCGS MS 70 for $102.50 Dec 23, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-21 article, total: $6892.07

1985 27 g proof panda NGC PF 69 UC for $1619 Dec 22, 2010
1989 1 oz silver proof panda NGC PF 69 UC for $199.99 Dec 22, 2010
1990 1 oz silver proof panda NGC PF 69 UC for $268 Dec 22, 2010
1990 1 oz silver proof panda PCGS PR 69 DCAM for $305.02 Dec 22, 2010
1991 1 oz silver proof panda NGC PF 69 UC for $300.02 Dec 22, 2010
1995 1 oz silver pig NGC PF 69 UC for $970 Dec 22, 2010
1995 1 oz silver proof panda NGC PF 69 UC for $655 Dec 22, 2010
2006 1 oz silver panda NGC MS 69 for $61 Dec 22, 2010
2006 1 oz silver scallop plum blossom flower lunar dog NGC PF 69 UC for $280 Dec 22, 2010
2010 1 oz silver panda PCGS MS 70 for $102.50 Dec 22, 2010
2010 1 oz silver panda PCGS MS 70 for $105.54 Dec 22, 2010
1994 1 oz silver proof panda NGC PF 69 UC for $888 Dec 21, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $569 X 2 Dec 21, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-20 article, total: $8762.24

1983 1 g gold Marco Polo NGC PF 69 UC for $402 Dec 20, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $569 X 2 Dec 20, 2010
1997 1/2 oz gold scallop plum blossom flower lunar ox PCGS PR 69 DCAM for $2988 Dec 20, 2010
1998 1/2 oz gold scallop plum blossom flower lunar tiger NGC PF 69 UC for $3551 Dec 20, 2010
2010 1 oz silver panda NGC MS 70 for $66.89 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $97 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $109.50 Dec 20, 2010
2010 1 oz silver panda NGC MS 70 for $119 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $123.50 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $126.30 Dec 20, 2010
2010 1 oz silver panda PCGS MS 69 for $41.05 Dec 20, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-19 article, total: $16,422

1986 24 g silver empress of china clipper ship NGC MS 70 for $499.95 Dec 19, 2010
1988 1 oz silver dragon NGC PF 69 UC for $565.55 Dec 19, 2010
1988 8 g gold dragon NGC PF 69 UC for $1325 Dec 19, 2010
1989 1 oz gold snake NGC PF 69 UC for $4100 Dec 19, 2010
1989 8 g gold snake NGC PF 69 UC for $965 Dec 19, 2010
1998 1/2 oz gold small date panda NGC MS 69 for $6087 Dec 19, 2010
1999 1 oz gold small date panda for $2351.99 Dec 19, 2010
2001-D 1 oz silver panda PCGS MS 69 for $160 Dec 19, 2010
2001-D 1 oz silver panda PCGS MS 69 for $144.99 X 2 Dec 19, 2010
2010 1 oz silver panda PCGS MS 70 for $125 Dec 19, 2010
2010 1 oz silver panda PCGS MS 70 for $97.50  Dec 19, 2010

Coins sold from older articles, total: $14,463

2008 1 oz silver panda NGC MS 70 for $150 Dec 18, 2010 (LBC makes me rich)
2010 1 oz silver panda NGC MS 69 for $42.05 Dec 18, 2010
2009 1 oz silver 30th anniversary pandas NGC MS 69 X 10 for $510.95 Dec 16, 2010
1986 5 yuan soccer NGC PF 69 matte KM-140A for $3950 Dec 15, 2010
1987 5 oz silver panda NGC PF 69 UC for $800 Dec 12, 2010
1989 5 oz silver panda NGC PF 69 UC for $960 Dec 12, 2010
2000 1/2 oz gold scallop lunar dragon PCGS PF 69 DCAM for $5895 Dec 12, 2010
2010 1 oz silver panda PCGS MS 70 for $105 Dec 10, 2010
2010 1 oz silver panda PCGS MS 70 for $125 Dec 08, 2010 (LBC makes me rich)
2010 1 oz silver panda PCGS MS 70 for $125 Dec 08, 2010
1983 silver proof panda for $1800 Dec 06, 2010


* silverchloride.png (301.7 KB, 628x236 - viewed 1529 times.)
« Last Edit: 2011 Mar 05, 11:35:01 am by badon » Logged

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« Reply #1 on: 2011 Mar 03, 03:35:03 am »

NEW 1996 1 oz silver proof unicorn PCGS PR 69 DCAM

$450 Buy-It-Now. Mintage 8000.
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« Reply #2 on: 2011 Mar 03, 07:12:51 am »

Hi Badon

please could you say what you think of the condition of the invention and discovery coin that sold on your last list. What dol you see on the coins surface? The picture shows 2 scratches on the front holder. But then when you look at the coin there are alot of marks on it. Faint white patches etc. Where these milk spots or the start of toning, and how can you tell by looking at the photo?

http://www.seaclassic.net/February2011/26678_501.jpg

Cheers
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« Reply #3 on: 2011 Mar 03, 12:08:51 pm »

I don't see anything that looks like white spots. Sometimes you can't tell from the photo though, you have to wait until you have coin in your hand. The spots may require light at the perfect angle before they'll show up, even when it's in your hand.

White spots come from a liquid, that means that they look like rounded liquid shapes on the coin. They won't usually be lines or angled shapes that liquids do not normally make. The whitish areas I see in the photo of this coin do not look like they came from a liquid. I think they're either scratches or reflections on the holder, or on reflections on the coin.

They could also be just the normal texture of the coin that's being highlighted by reflecting light that accentuates the surface texture in one place.
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« Reply #4 on: 2011 Mar 03, 04:50:10 pm »

Wow, that 1996 unicorn sold fast, at a record price of $450 too. Previously the highest sale prices were $399.
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« Reply #5 on: 2011 Mar 03, 04:59:58 pm »

One raw 1996 Unicorn sold for $445 on 2/24 and a NGC PF69 sold for $454.95 on 2/18
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« Reply #6 on: 2011 Mar 03, 06:26:23 pm »

I am talking to a dealer about buying a 1994 Gold Panda Proof 1/4 Oz PCGS PR69 coin. Currently  a PR68 is listed for around $2875 on eBay, but I think that seller has very speculative prices on all its listings. What would be the right price for this coin? The official mintage is 2500, but I saw in the china-mint.info forums that actual mintage might be 903!

Here is the link to the PR68 listing
1994 PROOF 25Y GOLD PANDA 1/4 OZ. NGC PF68 PR68 CHINA
« Last Edit: 2011 Mar 04, 12:24:03 am by badon » Logged

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« Reply #7 on: 2011 Mar 03, 07:07:00 pm »

Badon,

I see that you often recommend the 1/20th oz gold proof pandas in investment grades.  Do you consider the 1/10th oz gold proof pandas a good investment as well.
Also do you think the 1989 Sino-Japanese friendship 1/20th oz is worth $200 in pf69?  Thank you!
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« Reply #8 on: 2011 Mar 03, 10:41:08 pm »

Hello guys,
Please be aware there are lots of fake set of  2007 1/4 oz silver/gold proof 25th anniversary panda 25 coin set and are selling at slightly lower than the genuine ones. I saw with my own eyes before. Dont be too happy if you buy cheaper it may be fake.

The fake sets quality are very good and you can't tell that it is fake. You can only tell the differents if you put the genuine side-by-side with the fake.

Tips - The fakes are more shiny compare with the genuine ones. You must compare them then you will understand better.

Good Luck !
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« Reply #9 on: 2011 Mar 04, 12:26:12 am »

Badon,

I see that you often recommend the 1/20th oz gold proof pandas in investment grades.  Do you consider the 1/10th oz gold proof pandas a good investment as well.
Also do you think the 1989 Sino-Japanese friendship 1/20th oz is worth $200 in pf69?  Thank you!

Yes on the small size gold proof pandas. I have ignored the Sino-Japanese friendship coins because they're not as popular as the other coins in this list. It's probably not a bad deal at $200, but I wouldn't bother putting it in my list (yet).
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