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Real of fake? Chinese coin

1908 chihli dollar from what i can tell . I saw on a website it can be worth quite a bit, anybody got an idea on the appraisal? 

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  • It looks real to me, Bryson. See images attached of a genuine coin. The coin in my image sold for $1600 US dollars in a recent auction. Your coin is beat up on the edges, which lowers value a lot.

    The design is crisp and true, and the surfaces look natural. Those are two good signs. Consider having it slabbed. (My opinion, of course.)

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      • Bryson Ho
      • Bryson_Ho
      • 1 yr ago
      • Reported - view

      Paul Richards 

      Thanks so much for your time,  I received it as a gift and had so much trouble authenticating it by myself. It is a shame about its condition... Thanks for the recommendation, sounds like a good idea! now i have a clearer idea on the coins worth aha  I am quite new to coin collecting.

      Just out of curiosity how much would someone like you pay a coin like this, considering its flaws?

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  • Hi Bryson --

    Welcome to the King of Hobbies!

    DO NOT CLEAN YOUR COIN. CLEANING RUINS VALUE.

    If it's real (which is still to be determined for sure) I'd figure pricing something like this. (1) The coin in my picture is in AU condition, which is a high grade, That means it has very little wear on the high points of the design. My coin sold for $1600.  (2) In contrast, your coin has quite a bit of wear, which you can see on the dragon's scales. So, instead of AU condition, your coin is (I'd say) in VG (very good) or F (fine) condition. The wear lowers the value substantially. Looking on eBay, there is one roughly like yours that sold for $260 (see https://www.ebay.com/itm/FINE-OLD-CHINESE-SILVER-DRAGON-DOLLAR-PEI-YANG-YEAR-OF-KUANG-HSU-34TH-YR-1908/333638570515?hash=item4dae689213:g:OZMAAOSwcN9e-QRT  ). So a problem free coin with no damage in VG/F condition should sell to a collector for about $260. (3) But your coin is damaged, with bent rims, scars, and scratches. I'd cut the value estimate in half for that, so we are down around $130. On the other hand, your coin has decent eye appeal, so maybe it's back up to $175. Finally (4) a collector might buy it for $175, but if you sold it to a coin dealer, he or she needs a 100% mark up, so a dealer might pay $85 or so. I'd ask the dealer for $100 and see what happens.

    You need first-hand experience to get to know coin pricing. It's complicated, but not impossible to figure out. Don't spend too much money until you are comfortable, but you must spend money to get comfortable!

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      • Bryson Ho
      • Bryson_Ho
      • 1 yr ago
      • Reported - view

      Paul Richards thanks for the advice really appreciate it. 

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