Can't Identify Chinese Coin - Coin Community Forum

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Author	Replies: 4 / Views: 1,064
Julian1976 New Member United States 2 Posts	Posted 10/18/2011 10:23 pm Hey all I'm new to the forum, I'm happy to have found this site. My father passed away awhile ago and I have been going through some old boxes and found a bunch of coins. One of them is a chinese coin but I can't find any info on it. Can anyone tell me what it is and maybe if it's worth anything? Thanks for all your help. Report this Post to the Staff

bmxboy Valued Member Canada 389 Posts	Posted 10/18/2011 11:28 pm http://en.numista.com/catalogue/pieces17615.html Its a 500 Yuan, pure gold The weight in alone is a little over 5.4 ounces just in gold price today is about $9000 dollars Report this Post to the Staff
hesgut Pillar of the Community 1028 Posts	Posted 10/19/2011 01:26 am Yes, it is a 500 Yuan proof gold coin. It's minted to be exactly 5 oz. of gold and will follow the spot price of gold exactly. As I write this, that equates to $8310 worth of gold. It probably has a premium similar to any proof gold or silver coin minted by an established mint. Therefore, I'd say it's worth about $8400 Report this Post to the Staff
Julian1976 New Member United States 2 Posts	Posted 10/19/2011 01:44 am Thanks for your responses. I looked up the 500 yuan gold coin as you stated it was and I found out a little more about it. It's a 1988 Lunar Dragon series coin, they made only 3000 of these and the last few that were auctioned off recently have gone for between 20-25k. Thank you for all your help I really appreciate it. Report this Post to the Staff
bmxboy Valued Member Canada 389 Posts	Posted 10/19/2011 04:53 am Its a great investment over time :) Report this Post to the Staff
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