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China 1980 5 Fen. Question.

 
 
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Valued Member
United Kingdom
147 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
147 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
2581 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
New Member
Singapore
14 Posts
 Posted 10/15/2019  10:22 am  Show Profile   Bookmark this reply Add jaskel to your friends list Get a Link to this Reply


The more stars there are, the rarer they are. Early Chinese fen coins in UNC are starting to sell for ridiculous premium.
Pillar of the Community
United States
2581 Posts
 Posted 10/18/2019  09:09 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply


@jaskel, thanks for that contribution. Very helpful.

This information seems to be more accurate than the NGC website, which does not show any unusual premium for 1980 or 1981 https://www.NGCcoin.com/price-guide...duid-1289450
Edited by tdziemia
10/18/2019 09:10 am
New Member
Canada
11 Posts
 Posted 11/08/2019  12:26 pm  Show Profile   Bookmark this reply Add StormyCatt to your friends list Get a Link to this Reply
China in the 80s was just starting to enter market socialism, opening up to Western travelers. The rare fen coins during those years (yours being one of them) were not made for circulation, presumably because there was enough going around the country. Those that were made were exclusively for UNC sets. Being common things to Chinese people who didn't have much disposable income at the time, these sets were marketed towards the first wave of Western travelers and as gifts to foreign guests of the party. Very few remained in China, and now that Chinese people are richer and interested in collecting the fen set, these things have become key dates. Congrats and keep in mind that Chinese collectors would be the people willing to pay the best prices for these.
Pillar of the Community
Germany
1023 Posts
 Posted 11/10/2019  11:14 pm  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
These coins are still made I believe. I've seen them in supermarkets in Beijing (though that was years ago that I went, maybe 5 years ago).

The coin itself isn't rare, perhaps the year might be rarer than some and it's in a good condition, but I would be much on it.

There are brass coloured coins of this denomination, they're worth a lot more.
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