TasAg said:Great medals & have made an order, but it begs the question - why with a low mintage ( 100 ea ) are they available to the western market.
It would appear the Chinese have no love for these, or am I missing something ?
Aureus said:There's no real market for them. They're pretty but once the novelty wears off you're left with something very hard to sell at the price you purchased it for - not an appealing prospect.
Bullion and gold jewelry are much higher priorities than medallions to the Chinese, they are taught and encouraged to invest in PMs - not collect it.
Gatito Bandito said:I think the price-tag scares some people off. For one of those 300-gram medals, somebody could easily buy at least twice that weight in plain-Jane stuff.. but I can guarantee it wouldn't be anywhere near as cool as the medal..
Aureus said:Gatito Bandito said:I think the price-tag scares some people off. For one of those 300-gram medals, somebody could easily buy at least twice that weight in plain-Jane stuff.. but I can guarantee it wouldn't be anywhere near as cool as the medal..
exactly my point. If you visit a Chinese jewelry shop you either see people buying jewelry or people inquiring about items listed by weight and not price.
This kind of stuff isn't worth the real estate in a shops display.
Aureus said:TasAg said:Great medals & have made an order, but it begs the question - why with a low mintage ( 100 ea ) are they available to the western market.
It would appear the Chinese have no love for these, or am I missing something ?
There's no real market for them. They're pretty but once the novelty wears off you're left with something very hard to sell at the price you purchased it for - not an appealing prospect.
Bullion and gold jewelry are much higher priorities than medallions to the Chinese, they are taught and encouraged to invest in PMs - not collect it.
barsenault said:Aureus said:Gatito Bandito said:I think the price-tag scares some people off. For one of those 300-gram medals, somebody could easily buy at least twice that weight in plain-Jane stuff.. but I can guarantee it wouldn't be anywhere near as cool as the medal..
exactly my point. If you visit a Chinese jewelry shop you either see people buying jewelry or people inquiring about items listed by weight and not price.
This kind of stuff isn't worth the real estate in a shops display.
Not trying to insult you Aureus, but apparently you haven't done your homework on Chinese medals. I have another thread on a article that a chinese person name Frank Wang wrote entailed, 'why chinese medals.' I suggest you read that. Frank has done his fair share of home work on medals, seeking out experts from China, and interpreting their articles from Chinese to english. Medals aren't JUST an 'American thing.' Sorry to burst your bubble.
There is also this http://tinyurl.com/kjdsf4j that gives a lot of great insight into the world of Chinese coins and medals. Do you homework before making a comment like, 'so the medals don't take up the realestate...'
Chinese medals are some of the most sought after gems in the world, including China, because of their craftsmanship, low mintage, and history. I suggest you do your homework on the Pagoda, Hong Kong Expo series, God of Longevity, God of Weath and War, 1984 ANA Great Wall, Children at Play, and the list goes on and on and on...and the value of those blow away anything the Perth Mint has to offer....not to mention their artistic appeal. Well, I personally don't think the PM holds a candle to the Chinese medals but, beauty is in the eye of the beholder. I think you speak from ignorance, or in defense of the Perth Mint? That's fine. I speak in defense of the Chinese medals, and I'm a holder of few thousand oz of PM stuff.
Read up on some of the articles I've provided links to, before trying to scare people away from making an investment into chinese medals. These have already climbed from 550 - 700 in short order. This is a long term investement, and be to appreciated for their beauty and artistic appeal, not a quick flip to make a few bucks. Oh, and those Olympus coins that the Perth Mint hypes up thru their marketing machine, what are they going for? How many minted? How many ounces? I say the reason those are so popular is simply because they have a marketing machine going on world-wide, whereas these Chinese precious gems spread by word of mouth. Because surely those Olympus coins do not hold a candle to the World Heritage series. Sorry to burst your bubble again. I know, I know, beauty is in the eye of the beholder. But time will tell which one increase in value OVER THE LONG-TERM. Best of success to you.
For those interested: http://modern-chinese-numismatic-in...1/huang-ruiyong-olive-is-one-of-pioneers.html
Why Chinese Medals: http://modern-chinese-numismatic-info.blogspot.com/2014/12/why-medals.html
As far as the argument, well, if there are only 100 of these, and 7 billion people in the world, and 1 billion in China, why didn't the Chinese people suck them up. Good question. Yes, the Chinese are taught to hold in bullion. Although it appears that the 2015 Panda is more like a medal than a coin. LOL. But that's not to say there is not a healthy growth in Chinese medals - In China, and around the world. Based on what I read, it will continue to grow. Oh, and as I mentioned, they don't have the marketing machine that the Perth Mint has or the U.S. mint has...so it will take time for these medals to pick up steam.
Jesus, here we go the incredible duommissinglink said:Aureus said:TasAg said:Great medals & have made an order, but it begs the question - why with a low mintage ( 100 ea ) are they available to the western market.
It would appear the Chinese have no love for these, or am I missing something ?
There's no real market for them. They're pretty but once the novelty wears off you're left with something very hard to sell at the price you purchased it for - not an appealing prospect.
Bullion and gold jewelry are much higher priorities than medallions to the Chinese, they are taught and encouraged to invest in PMs - not collect it.
Where's the evidence for such a claim? Additionally, your claim flies in the face of at least 1 Chinese coin and medal expert, Frank Wang, who has written about this.
Markets fluctuate in terms of interest (sentiment) and so what may be true for 3 years ago, may not be true today or in 3 years.
.
Aureus said:Jesus, here we go the incredible duommissinglink said:Aureus said:There's no real market for them. They're pretty but once the novelty wears off you're left with something very hard to sell at the price you purchased it for - not an appealing prospect.
Bullion and gold jewelry are much higher priorities than medallions to the Chinese, they are taught and encouraged to invest in PMs - not collect it.
Where's the evidence for such a claim? Additionally, your claim flies in the face of at least 1 Chinese coin and medal expert, Frank Wang, who has written about this.
Markets fluctuate in terms of interest (sentiment) and so what may be true for 3 years ago, may not be true today or in 3 years.
.
Been to China?
barsenault said:Aureus said:Jesus, here we go the incredible duommissinglink said:Where's the evidence for such a claim? Additionally, your claim flies in the face of at least 1 Chinese coin and medal expert, Frank Wang, who has written about this.
Markets fluctuate in terms of interest (sentiment) and so what may be true for 3 years ago, may not be true today or in 3 years.
.
Been to China?
I have, you? And you have a problem with the duo? We're actually the same person, you didn't know? You walk like a duck, speak like a duck, are a duck = an agent for Perth Mint? Because surely you know not what you speak when it comes to Chinese coins and medals. As I said, it is out of ignorance or in defense of protecting market share of the PM goods. Because surely, your arguement of medals not holding value is pure and utter cow dung.
Aureus said:barsenault said:Aureus said:Jesus, here we go the incredible duo
Been to China?
I have, you? And you have a problem with the duo? We're actually the same person, you didn't know? You walk like a duck, speak like a duck, are a duck = an agent for Perth Mint? Because surely you know not what you speak when it comes to Chinese coins and medals. As I said, it is out of ignorance or in defense of protecting market share of the PM goods. Because surely, your arguement of medals not holding value is pure and utter cow dung.
might be worth checking you IP addresses out honestly.
At any rate, would love to continue this conversation but bed time.
Gatito Bandito said:Wow, sick designs & relief!
Now those are something I'd buy if I had the funds.
Suggestion? Tripod.
It's too bad re: the really low mintage, on some level.
Do I want to know how much $$?
EDIT: Had to watch again..![]()
silver kook said:They are incredible! Big step up from Perth Mint Olympus. Why is it such a small mintage?
Aureus said:Jesus, here we go the incredible duommissinglink said:Aureus said:There's no real market for them. They're pretty but once the novelty wears off you're left with something very hard to sell at the price you purchased it for - not an appealing prospect.
Bullion and gold jewelry are much higher priorities than medallions to the Chinese, they are taught and encouraged to invest in PMs - not collect it.
Where's the evidence for such a claim? Additionally, your claim flies in the face of at least 1 Chinese coin and medal expert, Frank Wang, who has written about this.
Markets fluctuate in terms of interest (sentiment) and so what may be true for 3 years ago, may not be true today or in 3 years.
.
Been to China?
Aureus said:TasAg said:Great medals & have made an order, but it begs the question - why with a low mintage ( 100 ea ) are they available to the western market.
It would appear the Chinese have no love for these, or am I missing something ?
There's no real market for them. They're pretty but once the novelty wears off you're left with something very hard to sell at the price you purchased it for - not an appealing prospect.
Bullion and gold jewelry are much higher priorities than medallions to the Chinese, they are taught and encouraged to invest in PMs - not collect it.
mmissinglink said:Aureus said:Jesus, here we go the incredible duommissinglink said:Where's the evidence for such a claim? Additionally, your claim flies in the face of at least 1 Chinese coin and medal expert, Frank Wang, who has written about this.
Markets fluctuate in terms of interest (sentiment) and so what may be true for 3 years ago, may not be true today or in 3 years.
.
Been to China?
Another logical fallacy from Aureus (genetic fallacy)...should I be surprise by that?
Using that same fallacy, one would claim that I also would have to have visited Iraq in order to decide whether Osama bin Laden had close ties with Saddam Hussein or not.
I specifically asked you for good evidence. Act like a half intelligent person for once in this thread and provide good evidence for your claims instead of statements that suffer from logical fallacies.
.