CHINA any member from china ??
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This is what I am talking about:
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There are 460 members who say they are in China. 0.2% of Numista members. The number of new members per year looks like this:
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Ma9nWaRr10
This is what I am talking about:
Not a China issue. https://en.numista.com/forum/topic143358.html
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rsirian1
Ma9nWaRr10
This is what I am talking about:
Not a China issue. https://en.numista.com/forum/topic143358.html
Ah okay, I didn't see that post.
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ThePoet
My wife is Chinese and she took me to Kunming, Dali and Lijiang. Also went by Shangrila. There are many beautiful places to visit in China. But watch out for fake coins there, I bought some in Lijiang.
I fully agree with the fake coins. I personally would keep a distance from any ungraded silver or copper rounds. In China, there are many grading companies but apart from NGC and PCGS, GBCA（公博评级）remains the most credible one. Taobao is good for modern coins and banknotes but it took me a while to find credible companies with good items. Shipping is really fast as well within China (takes less than 3 days for regular courier and around 1 day for express shipping, depending where the item is from). You could get North Korean coins and notes easily in China as well which are quite hard to find here. I used to travel in China once every few years before COVID and had the opportunity to visit many beautiful places, including Zhangjiajie in December last year. Most people usually go in summer so it was lovely to have nearly the entire place to ourselves.
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qwerty844448
ThePoet
My wife is Chinese and she took me to Kunming, Dali and Lijiang. Also went by Shangrila. There are many beautiful places to visit in China. But watch out for fake coins there, I bought some in Lijiang.
I fully agree with the fake coins. I personally would keep a distance from any ungraded silver or copper rounds. In China, there are many grading companies but apart from NGC and PCGS, GBCA（公博评级）remains the most credible one. Taobao is good for modern coins and banknotes but it took me a while to find credible companies with good items. Shipping is really fast as well within China (takes less than 3 days for regular courier and around 1 day for express shipping, depending where the item is from). You could get North Korean coins and notes easily in China as well which are quite hard to find here. I used to travel in China once every few years before COVID and had the opportunity to visit many beautiful places, including Zhangjiajie in December last year. Most people usually go in summer so it was lovely to have nearly the entire place to ourselves.
Banknotes, in particular, should be avoided unless you REALLY know your onions. Anything before the third series of the renminbi is more likely than not to be a reproduction. Whether or not it's a ‘fake’ is down to whether it's being sold as a reproduction or not: many dealers or sellers will be very clear that their notes are reproductions, but some may not be.
I never buy unless I can examine the items myself, and have enough information to make a good judgement.
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davide_melia
qwerty844448
ThePoet
My wife is Chinese and she took me to Kunming, Dali and Lijiang. Also went by Shangrila. There are many beautiful places to visit in China. But watch out for fake coins there, I bought some in Lijiang.
I fully agree with the fake coins. I personally would keep a distance from any ungraded silver or copper rounds. In China, there are many grading companies but apart from NGC and PCGS, GBCA（公博评级）remains the most credible one. Taobao is good for modern coins and banknotes but it took me a while to find credible companies with good items. Shipping is really fast as well within China (takes less than 3 days for regular courier and around 1 day for express shipping, depending where the item is from). You could get North Korean coins and notes easily in China as well which are quite hard to find here. I used to travel in China once every few years before COVID and had the opportunity to visit many beautiful places, including Zhangjiajie in December last year. Most people usually go in summer so it was lovely to have nearly the entire place to ourselves.
Banknotes, in particular, should be avoided unless you REALLY know your onions. Anything before the third series of the renminbi is more likely than not to be a reproduction. Whether or not it's a ‘fake’ is down to whether it's being sold as a reproduction or not: many dealers or sellers will be very clear that their notes are reproductions, but some may not be.
I never buy unless I can examine the items myself, and have enough information to make a good judgement.
Yes, definitely! We have so many dealers here selling fake Chinese coins too. Chinese collectors often focus more on investing and making money instead because “it is a waste of time if it is not profitable”. This is why you will see way more fakes than genuine coins. Many so-called silver coins are coated with silver instead and the famous 袁大头 has very few genuine pieces but tons of fakes made of all sorts of metals including silver. There are fake cash coins and fake copper coins everywhere as well. I have a collector friend in China who showed me his collection of silver coins from grading companies I never heard of before and some of them looked way off. I asked how much he paid for one of his Indochina trade coin and his answer was something way below the market value (like 100 Yuan if I remember correctly for XF). He kept insisting it was real and that he can identify fakes from afar but till today, I am convinced that it is fake.
Genuine banknotes before the 3rd series are almost never seen. I think it is because they were destroyed during the Cultural Revolution. I have seen a couple graded by PMG at the auction house I work at and they mostly go for several thousand dollars, even in VF conditions. The small monopoly-looking 1, 2 and 5 Fen from the third series remain the most common notes and they are sold in the hundreds for around $20 or less. I personally believe that many may be contemporary counterfeits as most only have a 3-digit Roman numeral serial number and with almost no security features. They are fun to have and I got my hands on one set for less than 1.5 Yuan in China.
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qwerty844448
davide_melia
qwerty844448
ThePoet
My wife is Chinese and she took me to Kunming, Dali and Lijiang. Also went by Shangrila. There are many beautiful places to visit in China. But watch out for fake coins there, I bought some in Lijiang.
I fully agree with the fake coins. I personally would keep a distance from any ungraded silver or copper rounds. In China, there are many grading companies but apart from NGC and PCGS, GBCA（公博评级）remains the most credible one. Taobao is good for modern coins and banknotes but it took me a while to find credible companies with good items. Shipping is really fast as well within China (takes less than 3 days for regular courier and around 1 day for express shipping, depending where the item is from). You could get North Korean coins and notes easily in China as well which are quite hard to find here. I used to travel in China once every few years before COVID and had the opportunity to visit many beautiful places, including Zhangjiajie in December last year. Most people usually go in summer so it was lovely to have nearly the entire place to ourselves.
Banknotes, in particular, should be avoided unless you REALLY know your onions. Anything before the third series of the renminbi is more likely than not to be a reproduction. Whether or not it's a ‘fake’ is down to whether it's being sold as a reproduction or not: many dealers or sellers will be very clear that their notes are reproductions, but some may not be.
I never buy unless I can examine the items myself, and have enough information to make a good judgement.Yes, definitely! We have so many dealers here selling fake Chinese coins too. Chinese collectors often focus more on investing and making money instead because “it is a waste of time if it is not profitable”. This is why you will see way more fakes than genuine coins. Many so-called silver coins are coated with silver instead and the famous 袁大头 has very few genuine pieces but tons of fakes made of all sorts of metals including silver. There are fake cash coins and fake copper coins everywhere as well. I have a collector friend in China who showed me his collection of silver coins from grading companies I never heard of before and some of them looked way off. I asked how much he paid for one of his Indochina trade coin and his answer was something way below the market value (like 100 Yuan if I remember correctly for XF). He kept insisting it was real and that he can identify fakes from afar but till today, I am convinced that it is fake.
Genuine banknotes before the 3rd series are almost never seen. I think it is because they were destroyed during the Cultural Revolution. I have seen a couple graded by PMG at the auction house I work at and they mostly go for several thousand dollars, even in VF conditions. The small monopoly-looking 1, 2 and 5 Fen from the third series remain the most common notes and they are sold in the hundreds for around $20 or less. I personally believe that many may be contemporary counterfeits as most only have a 3-digit Roman numeral serial number and with almost no security features. They are fun to have and I got my hands on one set for less than 1.5 Yuan in China.
My main dealer has been a collector for decades himself, and had/has access to masses of Colonial (British, French ...) and Chinese coins from Myanmar. His prices are higher than other places (not unreasonably so), but I've never gotten anything bad from him.
Those chain dealers who also sell high-end cigarettes, liquor … are very often not worth patronising.
If they won't let you weigh, measure, examine (in a non-destructive way) … the coins, that's a big, big red flag.
The first generation were only intended as a temporary thing until the situation stabilised - some of them were produced BEFORE October 1st, 1949. The quality was very bad, but then, no good paper money had been made in China since the 1910s.
And the second generation were not just removed from circulation, but actively recalled and destroyed. Some of the second generation notes were printed in the USSR, and after Khrushchev fell out with China, the USSR massively over-printed those second generation notes and sent them into China by the northern provinces. This could easily have crashed the Chinese economy, so they had to recall and destroy as many of them as possible. That's why they're so rare these days.
On paper currency: people buy big stacks of replica notes to burn to their ancestors for Qingming, the Tomb-Sweeping Day. So you can buy them by the kilogram for very low prices, if you want!
For those 1, 2, and 5 Fen notes, they were printed for DECADES … so they're everywhere in vast quantities. Only the most early ones are worth more than 1 or 2 yuan these days.
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