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 Replies: 32 / Views: 7,504 |
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New Member
United States
33 Posts |
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Pillar of the Community
United States
3098 Posts |
The first one looks somewhat dodgy (the legend is a bit weak). All others look fine, at least to me. Try a magnet test on all of them first.
So these are your father-in-law's? These are very very valuable!
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Moderator
 United States
23522 Posts |
First, I am not an expert on Chinese coins.
That said, I'm fairly good at interpreting photographs, understanding what the photographic evidence I see really means about the coin. Based just on that - I will not know if details and characters are correct - if these are fakes, they are very, very good fakes. The fields are smooth, the devices appear sharply raised, the denticles and reeds seem appropriately sharp.
These need to be professionally evaluated. I would proceed with cautious confidence, were I you. I strongly advise contacting a local dealer (perhaps the one in Kowloon I mentioned) for initial inspection. Once the cost of PCGS grading is paid, the money is spent whether they're genuine or not, and some of these may have a true value which requires considerable cost to grade.
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New Member
 United States
33 Posts |
Yes, these are part of his collection.He tried magnet and weight and come out right. He said someone offered him 5K RMB for one of these coins. It's about 700 USD. He thinks the value will go up more once it's graded by PCGS.
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New Member
United States
33 Posts |
any one can recommend a fair price on these coins?
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Pillar of the Community
United States
3098 Posts |
From what I know, it's best to ask dealers in HK, Shanghai, Beijing or other larger Chinese cities. I don't think the market here for Chinese coins is great, but the market for Chinese coins in China is absolutely bounds above what we have. I once bought a 1903 or (1904, can't remember) British Trade dollar at at around MS-65 for around $40 here from a local dealer. I took it back last summer and sold it to a dealer in Shanghai for 550 RMB. All Chinese coins in China sell for many times more their average market price here in the states. 5000 RMB? I bet there are always people willing to offer more. |
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New Member
United States
33 Posts |
Thanks! For PCGI service, what is their grading service? Is it like certification for diamond? Or it only tells you fake or real?
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Moderator
United States
23522 Posts |
PCGS evaluates coins both for authenticity and grade, based on a 70-point scale (the Sheldon Scale, named for the man who developed it). http://www.pcgs.com/grades.chtml/The cost for this service varies by the value of the coin, and the speed with which you wish it to be done. The least-expensive tier, Economy, costs only US$15 but is limited to coins whose value does not exceed US$300. The Regular tier, which seems to apply in your case, covers coins whose value does not exceed US$3000 and costs US$30 per coin. These prices do not include shipping, which in this case will be approximately US$50 each way. Coins must be sent via Registered Mail, for security. It is up to the person submitting the coins to determine and declare their value. In your father's case, this may be difficult, unless he can find similar coins for sale or records of prior sales. My search has found very few prior examples of online sales. One must either obtain membership with PCGS or work through a member dealer to submit coins. Personal memberships range from US$69 per year with no free submissions, to US$219 per year with eight free submissions. These membership prices are for an International customer; they are slightly less for a US customer. I do not know if you are to be sent the coins to submit yourself, or if your father will be directly submitting from overseas. |
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New Member
United States
33 Posts |
He is going to send these coins to me and I will submit it for him. What kind of membership should I get from PCGS.
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Moderator
United States
23522 Posts |
Quote:
What kind of membership should I get from PCGS.
That depends. If you will have 8 coins whose value will exceed $300 each, then the highest-level membership will pay for itself in the grading fees you save. Here is PCGS' fee schedule: http://www.pcgs.com/grading_list.chtmlBalance the cost of grading against the cost of the membership, considering whether this is the only time you will submit, and go from there. |
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New Member
United States
33 Posts |
Hi!Everyone,
I just joined the PCGS membership. I have trouble fill out the form.How do I fill out the description of these coins on the form? It asks for the date,dom,date and country.Should I just leave it blank or just enter as "Chinese coins" and let PCGS make determination. Another question, Do I just package the coins and bring them to post office after submitted the order? I am very new on these and I don't want to mess up the process. Please help me. Thank You very much!
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New Member
United States
33 Posts |
What kind of shipping method should I choose when I submit coins to PCGS? Thanks!
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Pillar of the Community
United States
3098 Posts |
Registered. Don't joke with this kind of stuff, especially with these kinds of stuff.
By the way, I saw on a guide that the 100 cash coin is around $600-800 in EF.
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New Member
United States
33 Posts |
I bought a memebership since my father in law wants to get them graded. Can You please help me with shipping informtion and fill out the form? Do I need to buy a small box from postal office?
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Pillar of the Community
United States
2669 Posts |
In the membership kit there will be some mylar flips for you to put the coins in. You should also wrap them in bubble wrap or something else that will keep them padded well for the trip.
The Postal Service has priority boxes in all sizes that you can get for free. Figure your box size needs around how much space the coins + padding + paperwork will need. You can go to the post office and get both a small and medium priority box that way you have both - and ask them for the boxes you'll need to also send via Registered mail. Registered is an add-on service but they may have special rules regarding what boxes you can or can't send it in. Once you have everything packed up and sealed tight and addressed, take it in and fill out the registered & insured paperwork and hand it directly to them, and it will be on its way. Just please make sure to insure it as if it will be lost - not saying it will, but accidents do happen and it would be better to be prepared.
As for the paperwork, if you don't know the year then leave that blank, and put in China for the country. Fill in what you feel is an appropriate value (this is what fees are based on and insurance requirements for shipping both ways). If they have any questions they will call you or email so make sure those are correct on the form. There are also instructions on the back of the form so read those completely - I don't remember what all you're supposed to fill in. If you have questions about a particular part of the form let us know.
Did you ever get weights on the coins?
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Moderator
United States
23522 Posts |
I have only one thing to add to xshift's excellent advice - Registered Mail cannot be sealed with cellophane tape. You must use paper tape on all exposed areas which you tape, and it's recommended that you tape all seams. This is because they stamp Registered Mail on all exposed seams as proof against tampering, and the stamp will not work on plastic tape.
The Post Office will provide you with paper tape at the time of mailing, or you can get your own at Staples or somesuch.
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Replies: 32 / Views: 7,504 |
Posted 06/05/2010 5:17 pm
