Chinese Coins a Highlight at June 2014 Long Beach Expo

by CoinNews.net on June 18, 2014 · 2 comments

Attendees of the June 2014 Long Beach Expo, held June 5 to 7, included more than two dozen of the top rare coin experts from mainland China and Hong Kong.

China visitors June 2014 Long Beach Expo

VIP Chinese dealers and some PCGS employees arrive at the Long Beach Expo on June 4, 2014. Photo credit: Donn Pearlman

Long Beach Expo officials noted that dealers and collectors who brought their Chinese coins to the show for free appraisals had an "enthusiastically positive" response.

"The visit was a sign of the huge activity and soaring prices in the emerging Chinese coin market and emphasized the importance of having coins certified for authenticity and grade," said Cassi East, President of the Long Beach Expo. "The opportunity for collectors and the public to have their Chinese coins appraised by experts led to lines of visitors during the daily ‘Meet The Expert’ appraisal sessions."

David Hall, Zuo Jinghua and collectors at 2014 Long Beach Expo

Eager collectors and the public brought Chinese coins to Long Beach for free, expert appraisals. Assisting at this session were PCGS Co-Founder Mr. David Hall (seated left) and Ms. Zuo Jinghua, Managing Director of Beijing ChengXuan Auctions Co., Ltd. (seated on the right). Photo credit: Phil Arnold

Don Willis, President of Professional Coin Grading Service (www.PCGS.com), stated that some collectors discovered that their Chinese coins were counterfeit, and realized the importance of buying certified coins, adding that:

"Collectors in Asia now are appreciating what collectors in the United States have known for decades: PCGS certification provides peace of mind when you buy, protection for the coins while you own them and liquidity when you want to sell them."

Mr. Chen Haomin and KABC at 2014 Long Beach Expo

Mr. Chen Haomin, Chairman of Coin in Coin, Guangzhou, China and General Manager of the Guangzhou PCGS Submission Center, holds a PCGS-certified 1996 China Unicorn 1 kilo gold coin during an interview with a Los Angeles television station during the June 2014 Long Beach Expo. Photo credit: Donn Pearlman

The Long Beach Expo also offered a number of educational seminars about the Chinese coin market and grading Chinese coins.

Keqin Sun, author of the Standard Catalog of Chinese Modern Circulating Coins and owner of Coin001.com, said that as the Chinese coin market matures and more numismatic research is published, "I believe that soon, China will surpass the U.S. coin market."

Mr. Keqin Sun at 2014 Long Beach Expo

Researcher and author Mr. Keqin Sun of Coin001.com predicts the Chinese coin market may soon surpass the U.S. market. Photo credit: Donn Pearlman

Among dealers from mainland China and Hong Kong who attended the June 2014 Long Beach Expo was:

  • Zuo Jingua, General Manager, Chenxuan Auction, Beijing;
  • Chen Haomin, Chairman, Coin in Coin, Guangzhou; and
  • Nirat Lertchitvikul, Director of Asian Operations, Stacks Bowers, Hong Kong.

Also attending the show and meeting with collectors and dealers were John Mercantie, the 12th Chief Engraver of the United States Mint, and Cassie McFarland, the obverse designer of the popular 2014 Baseball Hall of Fame Commemorative Coins.

Heritage Auctions (HA.com) conducted a rare coin auction that realized US $16.9 million in winning bids. The company also displayed more than US $1 million in rare 19th and early 20th century Chinese gold and silver coins that will be in a future auction.

The next Long Beach Expo will be held September 4 to 6, 2014. For more information, visit www.LongBeachExpo.com.

{ 2 comments… read them below or add one }

Ray June 18, 2014 at 8:10 pm

What kind of coins do Chinese people like collecting?

silverlover June 21, 2014 at 8:38 pm

There are 3 types of Chinese coin buyer:
1- Collecting ( about 10-15)
2- Investing (25%)
3-Gift (60% include for corruption )

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