Can the Longyang silver dollar be sold at a high price?
In recent years, the growing love among Chinese for antiques and art has led to a booming investment market, resulting in increasingly profitable antique and art collections. In particular, the price and appreciation potential of Dragon Silver Dollars have steadily increased. So, what is the actual market price of a Dragon Silver Dollar in China's current antique and art market? Can it really fetch such a high price?
The Longyang Silver Dollar is one of the thousands of Chinese coins. Primarily crafted from a silver alloy, this precious metal contributes to its continued rise in market value. Furthermore, the exquisite craftsmanship and unique designs of the Longyang Silver Dollar make it a highly valued piece of art, surpassing other ancient coins. This, coupled with its inherent value-preserving and value-increasing properties, has made it a favorite among coin collectors in China's current ancient coin market. The Longyang Silver Dollar is poised to become the next "dark horse" in the Chinese collector market.
As we all know, the Longyang coin differs from other ancient Chinese coins in many ways, the most notable of which is the "innate deficiency" of the Sichuan Longyang coin. What exactly is this "innate deficiency"? Simply put, the Sichuan Longyang coin's steel mold casting process is limited, failing to achieve a high level of precision. As a result, after years of circulation, the dragon pattern on the coin has worn significantly, even to the point of being completely unrecognizable. It is precisely because of this "innate deficiency" that high-quality Sichuan Longyang coins are so rare in today's Chinese ancient coin collections. At a Chengxuan Autumn Auction, a current-issue Sichuan Longyan coin sold for a whopping 5.75 million yuan, while a high-quality Sichuan Longyang coin can fetch upwards of 10 million yuan.
Currently, the Longyang coin, considered a fine piece among China's ancient coins, is experiencing a vibrant market. As a popular collectible, it enjoys a strong momentum. While a few years ago, a few powerful collectors were able to control the development of the silver dollar market, things are different now. Judging by the current investment volume and collector activity in the silver dollar market, the price of the Longyang silver coin will continue to rise for a considerable period of time.
Compared to other ancient Chinese coins, the circulation of the Longyang coin is relatively small, dating back over a century. The passage of time has resulted in even fewer surviving coins. China's antique and art market has long adhered to the principle that rarity is value. Therefore, as collectors, it's easy to see that a well-preserved Longyang coin has immense collectible value and potential for appreciation. To this day, the price and value of Longyang silver coins continue to rise in the collector's market. Collectors seeking a good-quality Longyang coin shouldn't miss out.
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