Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer Shop for APMEX Bullion on eBay!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

What Do You Think Of This Lot Of Chinese Coins?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 16 / Views: 2,421Next Topic
Page: of 2
New Member

Switzerland
3 Posts
 Posted 12/20/2015  07:54 am Show Profile   Bookmark this topic Add bruceliman to your friends list Get a Link to this Message Number of Subscribers
Hi Everyone,

I'm thinking about buying this lot:
http://www.ebay.com/itm/Lot-of-474-...221973062845

I'm new to the old coins world, but I heard Chinese coins are good investment.

What do you think about it? Is it a good investment?

Bruce
Edited by bruceliman
12/20/2015 09:54 am
Pillar of the Community
Finn235's Avatar
United States
6130 Posts
 Posted 12/20/2015  09:14 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
This guy has no idea what he is selling, which means he has no idea what he bought.

If these coins are genuine, most are worth $50-250, each. They also happen to be the most counterfeited coins in the world.

I can tell that at least a few of the "fat man" dollars are fake, as well as some of the Japanese coins. The Hong Kong coins *might* be genuine, but guilt by association and all.

If not for the reserve, I would say go for it. There's no harm in spending a little money on fake coins. This seller probably wants $2000+. The fakes are worth a dollar or two each to a collector of fakes.

I would steer clear of this lot. Too much risk and 12 photos is not enough for 474 coins.
Pillar of the Community
colonialjohn's Avatar
United States
1757 Posts
 Posted 12/20/2015  09:24 am  Show Profile   Bookmark this reply Add colonialjohn to your friends list Get a Link to this Reply
Pass ...

JPL
Pillar of the Community
Russian Federation
5172 Posts
 Posted 12/20/2015  09:30 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply

Quote:
This guy has no idea what he is selling, which means he has no idea what he bought.

If these coins are genuine, most are worth $50-250, each. They also happen to be the most counterfeited coins in the world.

This basically.

I won't be surprised if a few of the later coins are geniune (Taiwan in particular), but most likely all are fake.
It also appears that they're mostly all the same size, which just makes them all fake by definition (because dollars and 20 cent pieces aren't going to be the same size, and this lot seems to feature many of either type).

IIRC, by Chinese law, it's 1) illegal to sell real antiquities to tourists, and 2) completely legal to make counterfeits of anything other than circulating Chinese money. This means that about the only chance that coins sold at markets could be real is if the market seller didn't know what he's selling either.

TL/DR: Chinese coins are good investment if you can prove they're real, but this lot seems to mainly consist of fakes.
New Member
Switzerland
3 Posts
 Posted 12/20/2015  09:34 am  Show Profile   Bookmark this reply Add bruceliman to your friends list Get a Link to this Reply
Thank you Finn235, really appreciate your answer!

There is also a video of the coins in the listing:

HwsPjQxNzYY


*** Edited by Staff to add YouTube tags. [youtube][/youtube] Please use them in the future. We prefer embedded video. ***

Could this clarify if they are really real?

$50-$250 each sounds not bad, maybe I will put a max bid of $500
Pillar of the Community
kanga's Avatar
United States
5825 Posts
 Posted 12/20/2015  10:10 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I looked at them.
Then an hour later I was hungry for another look ;-)
New Member
Switzerland
3 Posts
 Posted 12/20/2015  12:06 pm  Show Profile   Bookmark this reply Add bruceliman to your friends list Get a Link to this Reply
kanga, is that good?
Pillar of the Community
CoinHuntingDrew's Avatar
United States
4932 Posts
 Posted 12/20/2015  12:16 pm  Show Profile   Bookmark this reply Add CoinHuntingDrew to your friends list Get a Link to this Reply
Too bad everyone of these are fake.


Pillar of the Community
TypeCoin971793's Avatar
United States
6370 Posts
 Posted 12/20/2015  2:31 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
All of these are fake. A message to everyone: Stay away from Chinese silver dollars unless you know what you're doing or if you know that the person you're buying from knows what he/she is doing. There are more fakes than genuine pieces.
Edited by TypeCoin971793
12/20/2015 2:31 pm
Pillar of the Community
Australia
3831 Posts
 Posted 12/20/2015  4:56 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
Best word of advice - if you are interested in buying Chinese coins and do not have much knowledge about them, you are much better off playing the lottery and win something instead of buying some scrap metal at silly prices and lose out.
My partial coin collection http://www.omnicoin.com/collection/gxseries
My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm
Regularly updated at least once a month.
Pillar of the Community
Coinfusion's Avatar
United States
500 Posts
 Posted 12/20/2015  6:24 pm  Show Profile   Bookmark this reply Add Coinfusion to your friends list Get a Link to this Reply
bruce and when someone says they don't know if the coins are real or not in the listing itself, it's not a good sign.
Pillar of the Community
Coinfusion's Avatar
United States
500 Posts
 Posted 12/20/2015  6:25 pm  Show Profile   Bookmark this reply Add Coinfusion to your friends list Get a Link to this Reply
and they typically know they are not.

Sorry posted before I was finished
Pillar of the Community
Enlil's Avatar
Australia
560 Posts
 Posted 12/21/2015  8:12 pm  Show Profile   Bookmark this reply Add Enlil to your friends list Get a Link to this Reply
I went to Hong Kong last January and saw coins like this at the Peak shops, of course they were fake as they look caste. Buying fakes in the past, these look the same.
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 12/21/2015  9:11 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have a reasonably large collection of Chinese coins, almost all are cash coins and bronze coins, with only about 20 silver coins.

I will not bid on this lot despite the fact that I am interested. The size of the lot makes taking the risk to a higher level than I am prepared to go. That, plus the fact that I would assume that they are all fake. Bid on the assumption that they are all fake. The video detail is just way too poor for me to make any other assumption.

However you never know, there is the chance that most of them could be genuine, but my inclination is not in that direction.

In this case it is bit like buying a lottery ticket. It's just that the price of the ticket is way too high for me, due to the size of the lot.

The thought has crossed my mind that they could be stolen; I also have vibes that the seller has no idea what he is selling.

My normal way of buying higher valued numismatic items or lots is to examine the lot closely before deciding to buy; in this case, the ebay process prevents this for me.


Bruce: I would advise for you to not bid on this lot with your admitted lack of experience in this area. The risk is just too great.
Pillar of the Community
Finn235's Avatar
United States
6130 Posts
 Posted 12/21/2015  11:14 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply


I bought a coin lot with some fake Chinese silver dollars, in the hopes that they were fakes in good silver (they weren't). That lot was limited in terms of risk because most of the 300 coins were genuine coins that were never counterfeited. I lost maybe $5-10 on that gamble.

Here, as others have said, the risk is too much. Of the 474 coins, I would be shocked if more than 50 are genuine. Some collectors will buy fakes as an educational tool, but nobody will take 400 off your hands unless you are giving them away.

He is not going to realize his reserve on this auction. If he wants to sell this lot, he needs to take a couple hours to do his homework first. If you can't be bothered to Google a coin, you have no business in trying to sell them for big bucks.
Pillar of the Community
TypeCoin971793's Avatar
United States
6370 Posts
 Posted 12/22/2015  12:31 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
Why is everyone giving these coins a possibility of being genuine? ABSOLUTELY NONE of them are genuine. Don't waste your time or money. I'd be VERY surprised if ANY if these are genuine.
  Previous TopicReplies: 16 / Views: 2,421Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.34 seconds to rattle this change. Forums