Hoarding of coins lead to price falling as hoarder release those coin in bulk

[Administrator]

Somemore lol

[Administrator]

More coming week.

[Administrator]

One months of continuing dumping of china legal tender. Concentrate on lunar coins and little bit of others.

Would it be more in a continuous manner !!! Yes it will till someone get enough cash for stock turnover. This also happen in USA but not purely in auction but dealers to dealers. It happen in others country coins in different approaches too.

This apply to collectibles items , investments assets and so on.

You cannot avoid it which just a nature of life. You cannot act like a god to avoid dead.

I might stop posting more which readers might be sick of it and feel boring. However this tell you ccf china mint Fxxk forum not telling the full truth to camouflage all times. This not the first and not the last in the forum.

[Administrator]

Another week. Still many lunar and others dumping to market.

Is this good enough evidences ? What a lies and inexperienced of the so called best English forum of China coins which the author of the thread and supporters of the statements are coin dealers. What a joker ccf.

It is no shame of not knowing & no shame of admit it is wrong but shame of you of cheating and telling half truth with agenda.

[Administrator]

The above just lunar coins.

It has more. Here the others coins which hoard for selling as silver spot up and trend of buying up. However , fetch bad price at better market due to dumping by hoarder. WHO none hoard legal tender/ fiat coin. Even the 150 g lunar are in hoarding.

[Administrator]

Recently, One of the coin agent /wholeseller has brides the cgic management to give him more 2021 lunar ox coins and others to flip. This is in China news of corruption cases that involve over hundred mio usd.

No hoarding in legal tender is not truth and fake news.

Those negative news shall not deter you to buy any china coins in legal tender or non legal tender. What you need to do is researching and identify truth news. Not get emotional and cheap.

This not happen to china coins but Australia, USA and other countries coin. This also happen to shares , crypto currency, paper note , painting and so on. Golden rule , there is thief as when money is there.

NOT to take this as negative news. This is positive news for you to do more research for purchase decision to get a good deal and bargain, search for undervalue items for profit and expand your thrill of collecting in dynamic market than stable market with more enjoyment and sense of thrill of achievement.

[Administrator]

This another week of dumping in 30 coins per sheet lunar fiat / legal tender coins.

Where the fake expert comment that no. Hoarder and dumping of fiat coin vs non fiat coin aka medal? They have speechless and unable to hide their lies. There are about 3000 in one of China online auction platform only. Continue dumping average 3,000 lunar coins for 2 weeks. This yet to include others auction platform in china , WeChat group and dealer market deal in China. It is even higher risk for hoarding of legal tender in China. WHY ? The fake expert and puppet of the English China coin forum not tell you. Why ? Foods of thought for you.

China gold and silver coins dealers who register and award the dealer status by China Gold incorporation  (GICG) need to fulfil the $ and/or quantity purchase on annual basis. Even they unable to sell majority of the order quantity to coins dealers and end customer ( collector) to maintain the Coin agent status. They purchase the newly issue coins at issue price which is much lower than market selling price by china coin dealers. In this context the appointed coin agent is wholeseller and the China coin dealers in china and Chinese ebay sellers are 1 to 3 tiers coins sellers. It just a pyramid situation layer by layer. Each of them get different quantity and price. As coin agent / wholeseller and 1 tier coin dealer will dump their hoarding as when cash tight or/and intend to increase stock turnover. As this happen price has start reducing due to huge supply out of sudden. However you will not feel it in ebay and overseas because 1 out of 10,000 china coin dealers are not selling in ebay and overseas. The dumping and price slash happen in china and local market not fully spread to overseas market since not many China legal tender dealers are selling overseas except the limited fee on ebay and coin shows. The fake expert not even knowing it , not been travel to China , unable to communicate in mandarin to know the situation and so on. They take their country market to reflect the global market of China coins.

[Administrator]

One English forum of China coin has cited that China non fiat coin aka medals are always bad and high risk in falling in price due to the sponsor or/hoarder always hoard and unsold their coin. However this will not happen to fiat china coins. Unfortunately, this is not truth.

Here is the lunar china coins in china auctions webpage which solely selling to china only. This not even for oversea market and dealers if you have no china bank account and China ID to register as member. This auctions is organising 2 times per week. This is only 1 auctions platform of china. There more auctions platform even china had auction group on WeChat by companies or individual. Imagine oversea dealers also have stock which might not sold out at all. Sadly, I do see less non fiat coin( medal) auctions than fiat coin auction in china. The quantity and no.of auction per week which non fiat coins are far lesser than fiat coins. So far i has saw the classical garden in hoarding by bump and dump for non fiat coin (medal) in china auction. In turn more fiat coin auction in huge quantity in different metals and sizes are happening more often in china auctions. Lunar , history figures and artifacts, story of red dream and others always show up in big quantity. This platform still not fully reflect China due to many platform in many format and some even in bigger quantity for dealers or deal privately.

Are this call disinformation by the China Coin English forum intentionally or they has no ideas and access to china market at all or they have never been China for their whole life ? Big question marks on it.

Here the photo of coming Sunday auction of Lucas in one of the china Auction platform. Sell on sheet of 10 and 30 not individual pieces like non fiat coin (medal). This even excluded the NGC graded lunar coin in auction.