MCC prices for medals and coins weakening?

Discussion in 'Modern Chinese Coins & Medallions' started by silverfever, May 15, 2012.

  1. Thor122

    Thor122 New Member

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    Nice coin and bargain price.
    ;-)
     
  2. jc888888888

    jc888888888 New Member Silver Stacker

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    smoking price:) look at the listing that occurred on the same coin over the weekend:):) good sniping my friend:)
     
  3. kucingfight

    kucingfight New Member

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    lately i've noticed there are very few MS69 listings @ ebay. recently even a 2009 ms68 sold for USD78, and some other years spiking up. probably demand>supply, thus bringing it up a whole new level?
     
  4. jc888888888

    jc888888888 New Member Silver Stacker

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    I agree weak seller,s pushed some inventory out at cheap prices.......it feels to me the party is over or almost over, prices are firming on good quality coins...............
     
  5. silverfever

    silverfever New Member

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    Yes. My wallet has been safe. Not many bargains to be had lately.
     
  6. silverfever

    silverfever New Member

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  7. shibaji

    shibaji New Member

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    These are bargain prices! Certainly prices are coming down.
     
  8. kucingfight

    kucingfight New Member

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    Won bidding of my first non Panda coin, 1997 China Return Hong Kong Proof..for 76usd including shipping :)
     
  9. silverfever

    silverfever New Member

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    Wow good price. Is the coin or graded?
    I've been trying to get a 69 for under $100
     
  10. kucingfight

    kucingfight New Member

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    nope, it's not graded, ori box with cert
     
  11. jc888888888

    jc888888888 New Member Silver Stacker

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    Buy while you can !!! the pool of good quality coins in any quantities is shrinking rapidly.......... look at Fishballs Hoosan auction post browse the book ,a large portion of the coins are NGC graded, Chinese collectors are starting to get on this graded coin thing.........Here is the likely scenario IMHO, you have powerhouse sellers all over Shanghai and other spots in China, who have big inventories and have boatloads of money, these guys are not asleep:) and have seen the premium paid for graded coins, you see a couple of big shanghai sellers on e bay offering more graded coins,whereas before they where OMP and Raw sellers...... they have the money and inventory to start grading in a big way,IMHO they already have started, So what is the net result???? Imho ,they will keep the best coins to grade and as coins come back with lower than desired grades they crack them out and sell them to unsuspecting buyers , Keep in mind as graded coin prices go up so will the price of these culls in capsules, It already is happening , look at these dealers on e bay selling graded expo coins ........ look at there inventory , they sell the graded stuff and they give away the capsuled coins of the same year away. Why would that be if the coins where good?? Why wouldnt the dealer just grade them and get the premium?? because he either culled them to start or cracked them out of a low grade holder,thats why, I would take every opportunity to buy good quality coins at fair prices now! I am!! I am buying like crazy and selling a little along the way ,not to make money per say but to wind up with a few quality coins to keep for my kids. Anyone who is bottom fishing or waiting for "a bottom" IMHO is going to be sadly dissappointed, no one can pick a bottom in the stock market or anything else IMHO. unless the chinese economy goes underwater, in less than 2 years all these ms68 coins that folks think are junk will be selling like 69,s are nowIMHO,
     
  12. yennus

    yennus Well-Known Member Silver Stacker

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    Yep, I'm also a big believer that MS68s are undervalued.
     
  13. Justfishin

    Justfishin New Member

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    Agreed, but the chinese just lowered their base rate by .25%--first time since 2008..... :|
     
  14. yennus

    yennus Well-Known Member Silver Stacker

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    I reckon the Chinese will be fine. They have a lot of economic and social stimulus tools they can use to encourage domestic growth at the appropriate times.

    E.g. If they further relaxed the One-Child Policy, this would stimulate the economy in a big way.
    E.g. More domestic infrastructure programs (e.g. The Shanghai-BeiJing Highspeed Railway).
     
  15. jc888888888

    jc888888888 New Member Silver Stacker

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    Also ,it is not the middle class of china that is buying these high priced coins........... it is the new exploding class of new found multi millioniares
     
  16. Thor122

    Thor122 New Member

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    Rates cut is a good sign. Generates more cash and jobs and a few inflation.
     
  17. DaBoz

    DaBoz New Member

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    The China Top 5 Banks have said they are not going to go along with this rate change.
     
  18. jc888888888

    jc888888888 New Member Silver Stacker

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    just to add a little food for thought as to my theory of Shanghai coin dealers starting to grade coins in a big way
    here is a big guy, check this listing 270977294531 ,he didnt pull all those gold coins out of the capsules to sell the capsules:)
     
  19. silverfever

    silverfever New Member

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  20. yennus

    yennus Well-Known Member Silver Stacker

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    Wow! That's a BARGAIN! Congratz!
     

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