Wondering if anyone might comment on what is happening in the market for Chinese coins? I see coin dealers seeking them out from collecters like us and I see Chinese coins with an expected realisation of $250 making $3,000 or more. Is is just a healthy Chinese economy and more home grown collecters in China creating a bit more demand or what?
Yes, the market is driven by domestic demand in China and everyone else is chasing them. There are close to a million millionaires in the country today and enough wealthy people are collectors that there aren't enough coins to fill the demand. This trend is likely to continue or even accelerate. For 2011 China has doubled production of silver Pandas while (according to a reliable source) cutting exports in half. Spread several million quasi-collectible bullion coins into people's hands and collector demand may very well increase from today's amazing levels. A chart released last week of Panda coins with low populations shows that their prices increased 500% in the last 5 years. Interesting times. Best wishes, Peter Anthony http://www.pandacollector.com/pricepedia.html
