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Author Topic: Modern Chinese coin investments #55 - 1989 3.3 oz silver God of War & Wealth  (Read 11253 times)
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badon
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« on: 2011 Mar 12, 10:54:23 pm »



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

What an exciting week for Chinese coins! The 1989 3.3 oz silver God of War & Wealth has been stealing the spotlight. First, I put one of the coins in my list. Then, the hoard of them that was being slowly distributed amongst dealers started coming to the open market, making availability very good for eager buyers. When answering questions in my previous article about whether I might be wrong about something, I said this (bolding added):

I've never been wrong since I started publishing predictions back in 2004. It would be wise of you to accumulate cash so you can buy when bargains come for sale. The hoards that are hitting the market are bargains. Never again will you be able to buy them so cheaply. (hint: god of war & wealth)

I could foresee that something interesting was about to happen with these coins. In the article, I said "You're going to make a lot of money by buying these up while they're available, and then sitting on them". I was dropping hints frequently that these coins were special. Then, I announced the discovery that the already very low mintage of 2000 to 2500 (sources vary) is divided between two new varieties, the clouded claw and the clear claw:

Hey everybody, great news: 1989 3.3 oz silver god of war and wealth varieties discovered by reiboy of CCF

There is currently just one of the (probably) rarer variety on ebay, in a 68 grade. The seller says that the NGC serial number on the coin you receive may be different from the coin in the photo. Hopefully that's just something he says in all of his listings. If you get the coin in the photo, it's the rarer variety:

1989 3.3 oz silver clouded claw god of war and wealth NGC PF 68 UC

If you already own one of these, check it to see what variety it is.

This caused a flurry of excitement, with prices doubling by the next day. Then I was asked about the God of Longevity coins:

Hello Badon,

What do you think about this: 1987 God of Longevity Silver 3.3oz NGC PF 69 UC
Ebay # 200582846414
These have a smaller mintage than the God of Wealth.  Right?
Yes, they do have a smaller mintage, at least officially. But, I left them out intentionally because I was predicting that the god of war and wealth was where all the money would be made, and I was right, of course. If I had included the god of longevity, which is already expensive because people think it's rarer than the god of war, people would have bought those instead of the god of war, which has been a much better investment for my readers.

Now that we know the god of war mintage consists of 2 varieties, BOTH of those varieties probably have much smaller mintages than the god of longevity.

Maybe later I'll decide to list it, especially if I sense that the god of longevity is about to do something. It's still a good investment, but the time is more right for the god of war than the god of longevity. I couldn't explain to people why, so instead of confusing them with no explanation, I just left out the god of longevity so they'd buy the god of war instead. It seems to have worked perfectly.

You'll probably make more money on the god of war, for now.

Since then, a THIRD variety of the 1989 3.3 oz God of War & Wealth coin is believed to exist. If true, the already tiny mintage will have to be divided amongst 3 coins. I believe the maximum possible mintage for the rarest variety can be no more than about 800 coins, but is very likely to be less than that. If you were thinking that you would never be able to afford a coin with a mintage of only a few hundred, now you can see for yourself how new and uncharted the modern Chinese coin market is! You may stumble upon cheap coins that have incredibly tiny mintages without even knowing it!

This is how the big bucks are made - don't just buy one of each coin in your collection - buy several of each type, because you never know what undiscovered treasures may be waiting to reward you later. The God of War & Wealth was selling for around $900 before the new varieties were discovered. Within hours, the price of ungraded coins had exploded almost 50% to the $1300 level. A few hours after that, the 68 specimen that I linked to in one of the quotes above sold for $1850, and it wasn't even a 69 grade! Now, ungraded coins are being offered for $1875, and the lone 69 specimen on auction right now could surpass the $2000 level for the first time ever. WOW!

This is a good time to be a Chinese coin investor, especially if you're paying close attention to my lists, and the clues I may give you in them. Also, if you've noticed, the best way to get clues about what I foresee is to ask me questions...so register on the forum, and click "Reply"...

Slowdown

The God of War & Wealth is the perfect example of how slowdowns are actually a matter of supply, not demand. Before the news about varieties, and before the hoard was distributed, the market for these coins had been slow because there was no supply. Now that there was supply, the market for them started speeding up. That was an ideal sign of an incredibly strong market.

It seems that a slowdown wants to happen, but isn't happening due to destabilizing world events, like wars, oil supply disruptions, and the recent earthquake and tsunami in Japan. Oh, and inflation - yeah, inflation. We're going to need more inflation to keep the world economy from tanking, but we need more than the world can handle. What do you do, when you need inflation and easy credit to create jobs, but the inflation is happening so fast already that people feel unmotivated because it's like they're working for nothing?

Right now, cash is flowing into hard assets like coins at an increasing pace. We're supposed to be in a slowdown right now, but that ended a month ago. The slowdown was supposed to last until late summer or early fall, but nothing is changing yet. People take their vacations when the weather gets warm, so it's still likely that we'll have some slowing during the Spring or Summer, but so far, it looks like it won't be as much as usual - What if we don't get ANY noticeable slowing?

High grades disappearing

When I speak of slowing in a crazy-strong market like modern Chinese coins, usually that doesn't mean there will be a significant drop in prices. Instead, it means that buyers and sellers will take a break to do something else for a while, so the supply of coins will be reduced more than usual. Already, the 69 and 70 grade rare coins are getting very difficult to find. When they do show up, you don't get to pick what kind of coin you want, you just have to take whatever is available. There may only be a just a few on the market anyway.

It used to be that you could get almost any coin you wanted in a 69 grade, and it was only the rare 70 coins that were hard to find. Now, the rare investment-grade 69 and 70 coins have almost completely disappeared, except for a few random coins that show up here and there from time to time - sometimes at unaffordable prices.

Now, guess what else is disappearing? 68 coins. It's that bad. So much so that people are buying 68 coins they need for their collection or investment portfolio, if they have to, and causing the 68 coins to go up in value like the 69 coins used to - All the coins are going up in value, though. I can't think of any modern Chinese coins that are NOT a good investment. Of course, the 69 and 70 coins are going up in value faster, so they remain the best investments, and the coins I focus on in my lists.

So, should I put 68 coins in my lists now? If I find something special, I may at least mention it in the replies, like I did for the God of War & Wealth. If it's really special, I may include it in my list like I do with 69 and 70 coins. But, for the most part, there's too many good investments, and too many other coins that will be underpriced when they fall behind on the price increases.

However, if you see a 68 coin that you need to complete a set, but you can't afford the 69 or 70 grade version, go ahead and get it. If the 69 is a good investment, the 68 probably is too, even though it may not be quite as good as the 69. The rarer the coin, the better the deal on a 68 grade. If you can, try to buy 68 coins that have been NCS conserved. If you have to sacrifice the 69 or 70 grade, don't sacrifice any more by ending up with white spots developing on it a year later.

The power of popularity

Here's a little snippet from the conversation I had with tamo42 in the chat:

<@badon> I can't believe the estimate is $7000 to $10,000 for this garbage piece of "art": http://www.liveauctioneers.com/item/8718219?utm_source=Auction%20Email&utm_medium=email&utm_content=lot626_image&utm_campaign=rdavismar2011
<@badon> It's every artist's dream to be popular enough to poop gold.
<@tamo42> hah
<@badon> Or at least be able to persuade buyers that they poop gold
<@tamo42> its all subjective
<@badon> not in this case, it's seriously BAD
<@badon> take a look
<@tamo42> i see it
<@badon> It probably took the guy 10 minutes to talk his 10 year old nephew into making that
<@tamo42> 21% buyers premium too
<@badon> What really creeps me out is that it's a PRINT too. What makes me want to shoot my self is that it's 30 of 60 - that means he sold 60 copies of this turd.
<@badon> Now, if he carved that out of steel with his tongue, then I'd be impressed.
<@badon> But it's just a print
<@badon> I think I'll rant about it in my next article Smiley

With a bit more research, I found out why that silling little drawing was worth so much money - The artist is popular! This particular piece of art is pretty awful, but since the artist is popular, that's all that matters! The artist's name is Roy Lichtenstein. He's no Leonardo DaVinci - his art is very simple...VERY simple. He's a comic book artist, that's how simple his art is. It's not fancy, it's not grand, it's just "cartoons" - but people love them, and they love Roy Lichtenstein. They love him so much, they'll pay him a fortune for 60 copies of really, really, really awful, bad, horrible, um, "art".

So why should that matter to investors and collectors of Chinese coins? Well, it's simple, some of the coins that the China Mint produced weren't very interesting. None of them were as bad as the particular example of Roy Lichtenstein's art above, though. In fact, most of the Chinese coins are stunningly beautiful, and actually quite impressive - but still, nobody cared, for one reason or another.

The mint may have planned to make thousands of coins, but were unable to sell even a few hundred, just because the subject of the artwork of the coins made no sense to people. Some of them had buildings, some had fish, some had pandas, flowers, sculptures, paintings, or whatever. Everything is different now though. The Chinese mint is POPULAR, just like Roy Lichtenstein. The 1982 panda is one of the least impressive pandas made, but it's also one of the more valuable ones. It's more valuable than coins from other countries that are rarer and a lot more beautiful too, all because of popularity.

Popularity is the key to the whole thing. Without that, no amount of talent, beauty, and effort can make a coin valuable. With popularity, it doesn't matter how crappy something is, everyone is going to wish they had it. The owners of popular things become popular themselves, because popularity seems to be passed on via association pretty easily. Very often, the most popular dealers and collectors are the ones who have the most popular coins. Even for people who don't own those coins, simply talking about them will make you the center of attention, kind of like name-dropping.

But, what about the coins that still aren't popular? Could they BECOME popular? Oh yes...definitely. Now that the coins of China are popular, all the overlooked, ignored, "ugly" coins are just waiting to explode in value. Many of them have mintages of just a few thousand, or even just a few hundred. If you're lucky, you might find something strange that could be one of just a few surviving coins.

After reading the first part of this article, you've seen an example of what can happen to a coin's value within a few hours, once it is discovered to be interesting or rare. That's all it takes to make an unpopular coin popular.

What's popular?

* Chinese people love cute things, especially children. That's why the 1979 year of the child, and the 1989 saving children fund coins are so popular and valuable.
* They love old people too, that's why there's a God of Longevity coin that people like also, but not as much as coins with children on them - clearly children are the most important.

The East has no generation gap in its families like the West does. I think it took around 1000 years for Western culture to create a generation gap, through the evolution of the Western educational systems from the first universities - which were full of quacks like John Duns Scotus, the namesake for the word "dunce". In the West, if you're smart and 8 years old, you're still stuck in the 3rd grade taking abuse from "teachers" who are better than you because they're older than you.

In the East, if you're smart and 8 years old, you spend your days listening to your loving grandfather's stories, as his equally valued peer, so his learning and experiences can be put to use without you having to repeat the same mistakes and hardships that it took for him to obtain them.

The East loves harmony. The dragon & phoenix on many Chinese coins represent (among other things) men and women - husband and wife - different and separate, but united together in cooperation to support some important central theme, like gold and silver coins. That's a nice theme Smiley The point is that the unity of differences and opposition is a producer of wealth.

In the West, we have dominant feminism, and mass imprisonment and seizure of wealth from the men. There's far more conflict than unity. Western politics thrives on argument and disagreement to the point that simple things like choosing a leader are decided through debates, where one side tries to confuse, anger, and deceive the other side, and those who are watching. In the East, the rules are simple: Live long and prosper!

These are the sorts of cultural differences that are giving the East an edge over the West, despite the West's vast wealth. The West has squandered its wealth, while the East has cultivated and preserved it. The West sees children and families as hindrances to wealth, and even young school boys and girls are told that marrying will ruin their lives if they don't finish their educations and careers first (which can never actually finish).

In the East, children and families ARE wealth. Marriage is a happy event, not an end to your hopes and dreams. Even the West has discovered that married university students get higher grades, and make more money when they graduate, than unmarried students - but the West still warns the schoolchildren that if they fall in love when they're older, it'll ruin their lives...

Keep these things in mind when you're shopping for coins. The East has different values from the West, so until you understand those differences, you will always be one step behind the next hot coin.

Dealer hoards on the market, Hong Kong auctions approaching

I have located several hoards of a few different types of very rare coins have been hitting the market at the same time lately. I have learned that some of these hoards are probably coming from older dealers and distributors of Chinese coins who are looking to retire. Some of the coins are from decades-old unsold inventory of unpopular coins that are now very rare, while other coins come from personal collections, or excess dealer inventory.

Now is the time to buy the rare-but-cheap coins that are on the market. There's a couple of different auctions that are going to be held April 6th in Hong Kong. Those auctions are famous for pushing ALL prices much, much higher. As we get closer to the day of the auctions, dealers will stop selling until the new, higher prices are established. Don't get stuck without the coins you want when this happens. Buy up the available supply of nice, high grade coins before the auction, and then sit back and watch as you make tons of money just staring at them.

Will the profits continue?

I think there will be slowdowns from time to time in the modern Chinese coin market, but probably not when precious metals are rising. Instead, I think slowdowns will have a chance to come when the weather warms and people start taking vacations instead of buying precious metals and coins.

As far as whether prices have stabilized, and the big gains are ending, I say no. I wrote a while ago that the market as a whole would need to expand another 10,000% just to only match the American coin market. Of course, it's quite possible that the Chinese coin market could become far, far larger than the American coin market.

Coin prices move up in spurts, but on average, I think good investment coins gain something like 5% per week. I haven't actually bothered to calculate that though. I think these impressive gains will need to continue for several more years before prices begin to stabilize.

Remember, I've predicted that the 1 oz silver proof pandas are $10,000 coins. Right now, the most valuable of them have sold for a bit less than $2300. The cheapest currently sells for around $280. So, prices have a LONG way to go still. People who are skeptical of these shocking predictions haven't reviewed my track record. I've made many publicly published predictions since 2004, of many different types, and over different time scales, and all of them have been accurate. No one on the entire planet can do this like I can.

But still, to appease the skeptics that a 1 oz silver proof panda that's currently at $280 can reach $10k, I ask you: Did you consider inflation? Inflation alone could push prices to $10k without actually increasing the value of the coins at all. In reality though, the values will increase due to demand for hard assets. Either way, you will see my prediction come true, just like all my other predictions.

Everyone who follows what I tell them will prosper over the long term, even if you have to put your head down from time to time when things aren't so good, and just keep moving forward.

Read the article replies

Always come back to check the replies on these articles. That's where most of the good stuff is! Register on the forums and click "notify" to receive email notifications of new replies that may make some easy money for the first person to read it. Many of the best coins only last for a few minutes before somebody grabs them. If you get notified of replies, you'll be able to see anything new that I list right when I list it. You'll also stay informed of the hot topics, and see what other people are talking about buying.

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

There are so many good buys in this article, I can't pick any particular favorites, other than the God of War & Wealth that I've already mentioned. Unicorns, pandas, lunars, etc, etc, etc - they're all doing very well.

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.



Perfect 70 coins



NEW 1996 1 oz silver Munich show panda NGC PF 70 UC

$2750 auction starting price. Mintage 2500.

1996 1 oz silver small date panda NGC MS 70

$1785 Buy-It-Now. Rare, especially in a 70 grade.

NEW 2002 1 oz silver panda NGC MS 70

$588 Buy-It-Now. 79 out of 476, or about 1 in 6, have earned a 70 grade.

NEW 2003 1 oz silver frosted panda NGC MS 70

$588 Buy-It-Now. Last one sold at auction for $410, which is a very strong price. 209 out of 1099, or about 1 in 5, have earned a 70 grade.

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.

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.

NEW 2009 1 oz silver 30th anniversary panda NGC MS 70

$275 Buy-It-Now. Mintage 300,000. 790 out of 3495, or about 1 in 4, have earned a 70 grade.

NEW 2009 1 oz silver 30th anniversary panda NGC MS 70

$0.99 auction starting price.

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 1985 27 g silver proof panda NGC PF 69 UC

$0.99 auction starting price.

NEW 1987 1 oz, 5 oz silver proof panda NGC PF 69 UC 2 coin set

$999 auction starting price.

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 5 oz silver panda NGC PF 69 UC

$999 auction starting price. Mintage 11,000. Only 16 out of 46 graded have achieved a 69 Ultra Cameo grade. These are very hard to find in high grade!

1988 5 oz silver panda NGC PF 69 UC

$1100 auction starting price. Mintage 11,000. Hard to find in 69 grade.

NEW 1989 1 oz silver proof panda NGC PF 69 UC

$328 Buy-It-Now.

1989 1 oz gold proof panda NGC PF 69 UC

$1500 auction starting price. 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!

1990 1 oz silver proof panda NGC PF 69 UC

$415 Buy-It-Now.

NEW 1991 1/20 oz gold proof panda PCGS PR 69 DCAM

$479.99 auction starting price. Mintage 3500. Rare, investment-grade, and very cheap at the starting price.

NEW 1991 1 oz silver proof panda NGC PF 69 UC

$0.99 auction starting price.

1991 1 oz silver proof panda NGC PF 69 UC

$498 Buy-It-Now.

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.

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!).

NEW 1993 1 oz silver proof panda NGC PF 69 UC

$0.99 auction starting price.

1993 1 oz silver proof panda PCGS PR 69 DCAM

$988 Buy-It-Now.

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.

NEW 1994 1 oz silver proof panda NGC PF 69 UC

$1699 Buy-It-Now. Key coin, very popular. Remember when people thought these were too expensive at $450, and everyone thought my $10,000 prediction was way too high?

NEW 1995 1 oz silver proof panda NGC PF 69 UC

$0.99 auction starting price.

1995 1 oz silver proof panda NGC PF 69 UC

$1288 Buy-It-Now.

NEW 1996 1 oz silver proof panda NGC PF 69 UC

$959 Buy-It-Now.

NEW 1996 1 oz silver proof panda NGC PF 69 UC

$1099 Buy-It-Now.

NEW 1996 1 oz silver proof panda NGC PF 69 UC

$1150 Buy-It-Now.

1996 1 oz silver proof panda NGC PF 69 UC

$1050 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.

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



NEW 1990 1/10 oz platinum panda NGC PF 69 UC

$1000 Buy-It-Now. Mintage 4500. Listing says the actual mintage is 3651, but I can't confirm that. Remember when these were in my list around $700?

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.

1993 1/10 oz platinum panda NGC PF 69 UC

$1999 Buy-It-Now. Mintage 2500.

2004 1/2 oz palladium panda NGC PF 69 UC

$1195 Buy-It-Now. Mintage 8000.

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

$1395 Buy-It-Now. Mintage 8000.



BU pandas



NEW 1998 1 oz silver large date panda NGC MS 69

$499 Buy-It-Now. Key coin, very popular.

1998 1 oz gold large date panda NGC MS 69

$8888 Buy-It-Now, or best offer.

NEW 2001 D 1/2 oz gold panda NGC MS 69

$2645 Buy-It-Now. The listing says the estimated surviving mintage is only 750, according to the Peter Anthony's panda book. $2000+ for a coin so rare, in the most popular series of coins, is nothing. If the mintage is really that low, you'll have to pay 10 times that much in the near future for one.

NEW 2002 1 oz silver panda NGC MS 69

$125 auction starting price, $150 Buy-It-Now.

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



NEW 1987 5 oz silver lunar rabbit NGC PF 69 UC

$999 auction starting price. Mintage 4000. Only 6 out of 19 have achieved a 69 grade.

NEW 1988 5 oz silver lunar dragon NGC PF 69 UC

$999 auction starting price. Mintage 5000. Hard to find in investment-grade. Only 8 out of the 24 graded have achieved a 69 grade.

NEW 1988 1 oz silver lunar dragon NGC PF 69 UC

$150 auction starting price.

NEW 1988 15 g silver lunar dragon NGC PF 69 UC

$99 auction starting price. Mintage 15,000. Hard to find in investment-grade.

NEW 1988 1 oz silver lunar dragon NGC PF 69 UC

$299 auction starting price.

NEW 1988 1 oz silver lunar dragon NGC PF 69 UC

$695 Buy-It-Now, or best offer. These have sold for more than the asking price in the past. If you want this, I would just grab it. I think it may be underpriced.

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 1989 1 oz silver lunar snake NGC PF 69 UC

$450 auction starting price. Mintage 6000.

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

$4300 Buy-It-now. Mintage 2300.

NEW 2005 1 oz silver scallop plum blossom flower lunar rooster NGC PF 69 UC

$178.99 auction starting price. These usually sell for around $280.

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

$178.99 auction starting price. These usually sell for around $280.

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

$99 auction starting price.

NEW 2008 1 oz silver scallop plum blossom flower lunar rat NGC PF 69 UC

$250 auction starting price, $275 Buy-It-Now. Mintage 60,000.



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.

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

$0.99 auction starting price.

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.

NEW 1988 27 g silver endangered wildlife crested ibis NGC PF 69 UC

$339 Buy-It-Now, or best offer. Mintage 34,600. This series is starting to become popular.

1988 1 oz gold san francisco expo dragon 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.

NEW 1989 1 oz silver New York Expo panda horse NGC PF 69 UC

$988.88 Buy-It-Now. Mintage 4000. Affectionately known as the "Kung-Fu Panda", due to the appearance of the panda doing a high-flying kick with bamboo weapons. Hiiii-YA! Smiley

1989 3.3 oz silver god of war & wealth NGC PF 69 UC

$900 auction starting price. Mintage 2000. RARE! These are gorgeous coins (technically "medals") that are available on the market right now due to a single hoard that's slowly being distributed amongst dealers. The number of coins in this hoard is large enough to make supply plentiful, but small enough to dry up quickly. Dealers seem to be pacing their sales. Once these are gone, prices are going to increase to much higher levels. This is a great coin to own. Coins with high popularity and similar mintages have numismatic values of around $10,000, or more.  You're going to make a lot of money by buying these up while they're available, and then sitting on them.

1991 2 oz silver 10th anniversary panda NGC PF 69 UC

$1688 Buy-It-Now. Mintage 10,000. Very popular. It's actually a piedfort, not a "piefort", which is a misspelling that NGC has taken from the Krause catalogs. The Krause catalogs never get fixed, and it uses both the correct spelling, and the incorrect spelling, which confuses people.

NEW 1992 15 g silver unearthed artifacts bighorn sheep NGC PF 69 UC

$0.99 auction starting price. Mintage 3000. Rare! Many were damaged or destroyed because they weren't popular.

NEW 1993 1 oz silver Munich show panda NCS NGC PF 69 UC

$975 Buy-It-Now. Mintage 2500. These just keep going up. This coin is NCS conserved, and worth every penny of the high $975 asking price.

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 1994 1/4 oz gold proof unicorn NGC PF 69 UC

$2199.99 Buy-It-Now. Mintage 5107. Unicorns have been very hot lately. The expensive prices on these small coins are reflecting their rarity and popularity.

NEW 1995 1 oz silver proof unicorn NGC PF 69 UC

$1250 auction starting price. Mintage 4004. Last one sold "overpriced" at more than $1000. Now the STARTING bid is $1250!

NEW 1995 22 g silver Chinese traditional culture lion dance NGC PF 69 UC

$399 Buy-It-Now. Mintage 20,000. Very expensive, but still a nice coin.

NEW 1995 1 oz silver goddess Kuan Yin NGC MS 69

$199 auction starting price, $250 Buy-It-Now. Mintage 30,000.

NEW 1996 1 oz silver goddess Kuan Yin NGC MS 69

$199 auction starting price, $250 Buy-It-Now. Mintage 30,000.

NEW 1996 1 oz silver proof unicorn NGC PF 69 UC

$529 Buy-It-Now. Mintage 8000. It's unbelievable how fast this coin moved up from the $200 level to the $500 level in the last couple of months. It still has a long way to go too...


NEW 1996 1/4 oz gold proof unicorn NGC PF 69 UC

$2399.99 Buy-It-Now. Mintage 2504.

NEW 1996 1/20 oz gold proof unicorn NGC PF 69 UC

$99 auction starting price. Mintage 5000. Correctly labeled investment-grade proof unicorns are hard to find. Very often, the coin is actually not a proof, but has been mislabled due to the confusing way these were minted. Some dates and size have proof and non-proof versions, and some don't. Some proofs are distinguished with a P mark on the the coin, and some are not. This is actually a real proof. Unicorns are exploding in popularity, and price.

NEW 1997 1 oz silver goddess Kuan Yin NGC MS 69

$199 auction starting price, $250 Buy-It-Now. Mintage 30,000.

NEW 1998 1 oz silver goddess Mazu NGC MS 69

$9.99 auction starting price.


NEW 1998 1 oz silver Beijing Expo panda NGC MS 69

$650 Buy-It-Now. Didn't I say this coin would cost over $600 soon? Didn't I say it? Look! Now it's $650...Remember when I was recommending these in the $200 range, way back in the ancient days, like 2 or 3 weeks ago?

NEW 2003 1/10 oz gold Goddess Kuan Yin NGC PF 69 UC 20 coin lot

$14,900 Buy-It-Now, or best offer. I haven't included many of the Kuan Yin coins in my list, but they're part of the series of coins with a theme of a Chinese god on them. They haven't sold all that well in the past, and I think that's why this hoard of 20 is on the market. The exploding popularity of the God of War & Wealth is going to spread to all the god coins. If you like to buy and sell coins, here's your chance to make some money with dealer-pricing on a larger lot of coins. These are very cool hologram coins that get a lot of attention at coin shows, if you decide to take a few of these to sell to dealers next time you go to one.

2004, 2005, 2006 1 oz silver beijing coin expo panda 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: $302,678.48

Coins sold from the Modern Chinese coin investments #54 article, total: $11,831.38 (surpassed $300,000 in coins sold from these lists)

Proof pandas have been selling very well, as usual. The 1989 1 oz silver New York expo panda horse has been making healthy gains, and selling very quickly with each specimen that gets listed. The palladium panda supply has decreased, and that has caused prices to increase, with the last one selling at auction for $991.88, after previously selling as cheaply as the $700 level. The 1998 and 1999 1 oz silver Beijing Expo pandas continue to set records with each sale. Supply of these coins has disappeared since they began showing up in this list, and in the Pricepedia.

The 1986 24 g silver empress of china clipper ship sold at auction for $100, which shows strong demand for a coin that used to sell for $15 to $30 ungraded. Dealers have been buying them up, due to the unusually high profits that were earned on these before they moved up. They still have lots of room to grow.

The great bargains here are the 2001 D 1 oz silver panda that sold for $165 (auction prices are over $200 now), and the 1996 1 oz silver proof panda that sold for $895 (last sale was for $1099). Both of those coins were Buy-It-Now listings that had to be grabbed fast. The quick-thinking buyer earned their profits instantly because both coins were underprice by significant amounts of money. Congrats, whoever you are Smiley

1989 1 oz silver proof panda NGC PF 69 UC for $288 Mar 12 2011
1992 1 oz silver proof panda NGC PF 69 UC for $459 Mar 12 2011
2009 1 oz silver 30th anniversary panda NGC MS 70 for $266 Mar 12 2011
1986 24 g silver empress of china clipper ship NGC MS 70 for $399 Mar 11 2011
1989 1 oz silver New York expo panda horse NCS NGC PF 69 UC for $800 Mar 11 2011
2003 1 oz silver panda NGC MS 70 for $410 Mar 11 2011
1986 24 g silver empress of china clipper ship NGC MS 69 for $100 Mar 10 2011
1999 1 oz silver Beijing Expo panda NGC MS 69 for $399 Mar 10 2011
1996 1 oz silver proof panda NGC PF 69 UC for $1099 Mar 09 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $820 Mar 09 2011
1985 27 g silver panda NGC PF 69 UC for $2325.50 Mar 08 2011
1996 1 oz silver proof panda NGC PF 69 UC for $895 Mar 08 2011
1989 1 oz silver proof panda NGC PF 69 UC for $288 Mar 07 2011
1991 1 oz silver proof panda NGC PF 69 UC for $375 Mar 07 2011
1993 1 oz silver Munich show panda NGC PF 69 UC for $795 Mar 07 2011
2002 1/20 oz gold panda NGC MS 69 for $211 Mar 07 2011
2004 1/2 oz palladium panda PCGS PR 69 DCAM for $991.88 Mar 07 2011
2006 1 oz silver scallop plum blossom flower lunar dog NGC PF 69 UC for $295 Mar 07 2011
1998 1 oz silver Beijing Expo panda NGC MS 69 for $450 Mar 06 2011
2001 D 1 oz silver panda PCGS MS 69 for $165 Mar 06 2011

Coins sold from the Modern Chinese coin investments #53 article, total: $9262.12

The 2002 1 oz silver panda in a 70 grade sold for a top price of $585, which is almost 600% of the 69 grade. Grade matters.

The 2001 D 1 oz silver panda set a record price of $202.51, which has left some of the others in the dust. With a new price set, it's bargain hunting time - many sellers are still selling the coins for the same price they did a month ago.

The 1992 1/4 oz horse and dragon sold very fast for $2550 because it was conserved by NCS. It's the first coin that has taken advantage of my offer to list NCS conserved coins here in my article, and the seller was rewarded with a top price, while the buyer got a very rare coin that's going to be worth much more in the future.

The 2007 1/25 oz gold 25th anniversary pandas are the gold counterparts to the 2007 1/4 oz silver 25th anniversary proof pandas I've been talking about frequently. I don't list the coins in a 69 grade because I don't think they're particularly rare for the money you have to put into them. However, I have been listing them in a 70 grade, and they've moved up from around $130 to the present $224.50 price level for one with a 2000 panda design.

The unicorns have been moving up at a shocking pace. First it was the 1995 1 oz silver that passed $1000 in a previous article, and now it's the 1996 that's less rare, but just passed the $500 level very quickly. All the unicorns are getting plucked from the market as fast as they appear. There are several buyers grabbing these things, so it's been interesting to watch.

The 2005 1 oz silver panda in a 70 grade was cheap at $245, so it was no surprise that it sold quickly after I listed it. I've been watching coins near that date hit the $300 level.

1982 1/2 oz gold panda NGC MS 69 for $1625 Mar 06 2011
1986 24 g silver empress of china clipper ship NGC MS 69 for $96.11 Mar 06 2011
1996 1 oz silver proof unicorn PCGS PR 69 DCAM for $535 Mar 06 2011
1992 1/4 oz gold horse NCS NGC PF 69 UC for $2550 Mar 05 2011
2001 D 1 oz silver panda NGC MS 69 for $202.51 Mar 05 2011
2002 1 oz silver panda NGC MS 69 for $90 Mar 05 2011
2002 1 oz silver panda NGC MS 70 for $585 Mar 05 2011
2005 1 oz silver panda NGC MS 70 for $245 Mar 05 2011
2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $1036 Mar 05 2011
2007 1/25 oz gold 2000 25th anniversary panda NGC PF 70 UC for $224.50 Mar 05 2011
1988 1/2 oz gold proof panda PCGS PR 69 DCAM for $1225 Mar 04 2011
1991 15 g silver lunar goat NGC PF 69 UC for $398 Mar 04 2011
1996 1 oz silver proof unicorn PCGS PR 69 DCAM for $450 Mar 03 2011

Coins sold from the 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 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 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 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 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 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 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 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 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 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
« Last Edit: 2011 Mar 13, 01:01:55 am by badon » Logged

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« Reply #1 on: 2011 Mar 12, 11:50:26 pm »

I love New Forum Articles! Smiley
In the last Article towards the end you were discussing Proof Pandas. I have recently (In the last 6 weeks) been acquiring Proof Pandas. I have 1987, 1989, 1990, 1991, 1992, 1995, 1996.. All Raw and double mint sealed with COA and Boxes. I am going to send all of them to NCS with my 1988 Hong Kong Expo Medal. My question is, should I hold off on going after the 93 and 94 which are getting very pricy and getting a God Of Wealth? I wish I could do both, however, It is I fear not going to happen. As for 83-86, Obviously I really need them to collect the set. There was no Proof in 88 that is not a medal. I also am not going to get the 98 and 99 Color until I absolutely have to. I don't feel like they are essential to my set. I have already acquired the complete one ounce regular coin set with ALL varieties (except 99 Large date with Sarif, and the 2000 Mirror rim.) The 2003 mirror background is another I need to FINISH the variety coin set. I also have the half ounce set aside from colors. I also have a double mint sealed set (no varieties) just one of each except 2. So in getting these sets, what should I do? Do I put a hold on completing the sets to get God of Wealth, and God of War? Is the God of Longevity something I can wait on? Please help. Sorry for ranting, I wanted you all to know where my sets were. Thanks All!
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« Reply #2 on: 2011 Mar 12, 11:56:39 pm »

When you're not sure, get the rarest coin first. The God of Wealth is rarer than the 1994 panda, so get that first. The early 1983 to 1986 pandas are very rare in a 69 grade, but still available in lower grades, or ungraded. Once your coins come back from grading, you may have a few that didn't get the 69 grade that everyone wants. You can sell those at a profit to raise a little extra cash to keep buying until you get the coins you want in the grade you want.

So, you'll probably be able to buy more coins than you thought, especially if your profit is good from grading. Being NCS conserved, they should earn a higher price too.
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« Reply #3 on: 2011 Mar 13, 12:21:08 am »

Thanks Badon! As buynicething was saying, I actually was going to get "Nice" raw coins. HA! Thanks to you I see the light! I have been able to make profits on extras, get better ones, and now I am going to be all about NCS and 69 plus coins! I have officially started selling most of my bullion, and Almost all of my "previous investment coins" Morgans, Peace dollars etc. I really think I will be able to get into some wonderful rare coins in 69+ grades! This is So exciting!
Note: I sent an email to the gentleman at NCS stating a case for putting some kind of designation on the NGC holders that it has been conserved. I hope everyone starts to do this! How wonderful will it be to have a piece of mind on your coins and medals! No more taking people's word on it, or keeping NCS receipts!
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« Reply #4 on: 2011 Mar 13, 12:30:44 am »

Sounds like you're well on your way. It's good that you have such excellent friends that care for your best interests and steer you in the right direction. You'll probably be able to fund your collection WITH your collection - now that's exciting! Nothing beats a hobby that pays for itself.
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« Reply #5 on: 2011 Mar 13, 12:54:31 am »

I agree! I am very happy to have a fellow collector so close in my life! I also have LBC now Too!
Sorry to dominate the forum right now everyone.
Badon,
I have really been having trouble in my mind on grading services right now. Can you help? NGC is a very intricate part of our investments for sure. I am having trust issues as of late. I have heard horror stories that they can favor big dealers and clients with grading. I have seen some very suspect things with my own eyes that has been troubling. I have seen coins grade higher than even my non-magnified eyes would grade. I have seen coins/medals that could be being held down from high grades in the population. Recently, however, I seen something that took all of these rumors and "errors" come full front to my mind.
I noticed a strange trend in 2008 Kooks in November last year. I seen NGC graded 69 or 70 selling for 200+! There is nothing special about these coins to make them the "key date" I decided to buy some in hopes that they would be shipped soon enough to still take advantage of the strange situation. When they returned (NGC time lol) There was a huge problem! One of the submitions looked like it was damaged by them. The coin had big issues that it did not have when it was sent out. It looked like it was possibly dropped. The coin was off Centered in the Edge View holder and under one of the prongs I seen a large dent. It gets worse. There were noticeable scratches, dings, and worst of all on the right of the Bird's wing there was a 2 millimeter piece of something raised off of the coin. It was dirt or food or something unpleasant and was not even wiped off. To make matters worse they graded the coin a 69! I feel they did this to ease my mind.
I really really hope I am wrong. I have always shrugged off any rumors I heard and was generally happy with their ability. I mean the graders and numismatists are only human so when there are errors they are only Human right?
Some "grading errors" have made coins sell very high!
Does anyone have any stories/experience/knowledge about anything I am talking about.
I do not want to be that person with conspiracy or trust issues.
I do not want to be the person that complains.
I am not a numismatist and do not claim to be, however, when dealing with investments like this. Let's face it to most of us it is more than investing. This is a big part of life. These are our Babies! Our pride and joy! Our retirements! We are involved in a truly amazing time in Chinese coins.
I just want a piece of mind that one of the leading conservers and graders in the industry are dong the right thing. Please do not think that I am crazy. I know a few people who have questioned the system. Any help? Thanks all!
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« Reply #6 on: 2011 Mar 13, 01:09:10 am »

The graders never saw the coin that had problems in the holder. Once grading is done, it goes to the holdering people, who must have done something wrong. I've seen plenty of mistakes. They've made a few on my own coins, but luckily they haven't damaged anything. They're much more careful with expensive coins than they are with common coins that get submitted by the thousands.

If you submit enough coins, eventually you will have a problem. But, you will make so much money along the way, it's something you will be able to handle when it happens.
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If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
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About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
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« Reply #7 on: 2011 Mar 13, 01:13:02 am »

Thank you Badon!
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« Reply #8 on: 2011 Mar 13, 02:26:39 am »

So I am little confused here regarding NCS. I understand we should send the raw coins to NCS first before to NGC for grading. But Badon, your advise is to always buy graded coins....so where does NGC come into picture....should we send certified coins to NGC too?

Thanks.
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« Reply #9 on: 2011 Mar 13, 03:00:30 am »

Hi Badon

Would a company grade a coin with white spots of death ? Are they even worth me sending in for grading

Cheers
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