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China 1980 5 Fen. Question.

 
 
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Valued Member
United Kingdom
143 Posts
 Posted 09/23/2019  06:54 am Show Profile   Bookmark this topic Add JBL to your friends list Get a Link to this Message
I am posting on this page as I couldn't find a more appropriate one. If Mods wish to move the post that's fine.
I recently picked up two Albums of Coins of all Nations at a local auction, 114 envelopes with coin and stamp. A few google clicks later and I discover that I have the PRChina 1980 5 fen amongst them. What I am curious about is why does it appear that this coin is considered a rarity and has value ? Surely they must have been minted in the millions or was 1980 a funny year for minting ?
Any info appreciated.
Cheers
Brian.


Edited by JBL
09/23/2019 12:14 pm
Valued Member
United Kingdom
143 Posts
 Posted 09/23/2019  07:28 am  Show Profile   Bookmark this reply Add JBL to your friends list Get a Link to this Reply
Oops can't find an edit button. It is a 1980 coin (put 2008 down to a senior moment !).
Brian.

Now found it !
Edited by JBL
09/23/2019 12:14 pm
Pillar of the Community
United States
2457 Posts
 Posted 09/23/2019  1:24 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
I don't have an answer, but ...

A couple of years ago I was in the market for a 5 Fen coin from the 1950s, and learned that they fetch quite a premium in high MS grades (around $50). So I settled for a circulated example for a few dollars, and guessed that the coins were needed in circulation and that there was no collector demand (or no government interest) for setting any aside for collectors.

For whatever reason, it seems that your Coins of All Nations 1980 cover is highly collectible. Bravo!

Aside from that, you can also find on eBay that slabbed high MS examples of the 1980 5 Fen are fetching over $100, and raw uncirculated examples are fetching $30-40.

Since mintage statistics don't appear to be available, it's hard to know whether this reflects a true scarcity of this year, or some other demand factor, even perhaps counterfetiers buying them up to make more "Coins of all Nations" covers.
Edited by tdziemia
09/23/2019 1:27 pm
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