Chinese coins to hunt for?

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Chinese coins to hunt for?

Postby 50centsaver » Wed May 15, 2013 2:19 am

I am going to China to work for 5 months. Does anyone know is there any Chinese coins to hunt for over there? Here I save copper pennies, nickels, halves, and a little silver and gold. Thanks ahead of time for any answers!
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Re: Chinese coins to hunt for?

Postby JadeDragon » Wed May 15, 2013 9:34 pm

I have some Chinese coins. I ended up having to go to a bank to get them because few businesses use coins at all there. The coins are very low value - the largest is 1 RMB and that is like $0.16.

According to WP In 1955, aluminium 1, 2 and 5 fen coins were introduced. In 1980, brass 1, 2, and 5 jiao and cupro-nickel 1 yuan coins were added, although the 1 and 2 jiao were only produced until 1981, with the last 5 jiao and 1 yuan issued in 1985. In 1991, a new coinage was introduced, consisting of an aluminium 1 jiao, brass 5 jiao and nickel-clad-steel 1 yuan. Issuance of the 1 and 2 fen coins ceased in 1991, with that of the 5 fen halting a year later.The small coins were still made for annual mint sets, and from the beginning of 2005 again for general circulation. New designs of the 1 and 5 jiao and 1 yuan were introduced in between 1999 and 2002. The frequency of usage of coins varies between different parts of China.

Aluminum is now $0.83 per pound so maybe if you collected enough of the Al coins... The brass 5 coins are sorta penny like. Interested to see what you find out as I go to China sometimes.
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
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