2003 Menghai 7542?

[Tead Off]

Thanks to all for your repsonses. The cost per cake is equivalent to $29. I understand this is below what it would normally sell for, but, this is Bangkok, not California.

[hop_goblin]

Thanks to all for your repsonses. The cost per cake is equivalent to $29. I understand this is below what it would normally sell for, but, this is Bangkok, not California.

Actually, the value of puerh will be the same no matter where you buy it. $29 is not the fair market value for such a cake. A 2003 MengHai Tea Factory DaYi should range between 60-100 USD IMHO.

[Tead Off]

Thanks to all for your repsonses. The cost per cake is equivalent to $29. I understand this is below what it would normally sell for, but, this is Bangkok, not California.

Actually, the value of puerh will be the same no matter where you buy it. $29 is not the fair market value for such a cake. A 2003 MengHai Tea Factory DaYi should range between 60-100 USD IMHO.

I don't think this is true. If this dealer bought the cakes in 2003, the prices would be significantly lower then. The Puerh craze that shook China has no foothold in Bangkok. There is simply very little available. Also, the dealer, as most Chinatown dealers here in BKK, are not hooked into Cyberspace. Their shops are not airconditioned, are open to the street, have no computers, and, are essentially doing business with an older clientelle that they have been dealing with for years.

While in the shop yesterday, there was a torrential downpour for about 15 minutes. 31c temp with 90% humidity is going to effect everything when open to the elements like these shops are.

Did this dealer dupe me? I strongly doubt it. Was this dealer duped himself? Very possible. But there is still no convincing proof that this cake is something else. We are talking a few cakes left out of a box that he has had for 6 years. How much profit could he have made on this?

[hop_goblin]

Thanks to all for your repsonses. The cost per cake is equivalent to $29. I understand this is below what it would normally sell for, but, this is Bangkok, not California.

Actually, the value of puerh will be the same no matter where you buy it. $29 is not the fair market value for such a cake. A 2003 MengHai Tea Factory DaYi should range between 60-100 USD IMHO.

I don't think this is true. If this dealer bought the cakes in 2003, the prices would be significantly lower then. The Puerh craze that shook China has no foothold in Bangkok. There is simply very little available. Also, the dealer, as most Chinatown dealers here in BKK, are not hooked into Cyberspace. Their shops are not airconditioned, are open to the street, have no computers, and, are essentially doing business with an older clientelle that they have been dealing with for years.

While in the shop yesterday, there was a torrential downpour for about 15 minutes. 31c temp with 90% humidity is going to effect everything when open to the elements like these shops are.

Did this dealer dupe me? I strongly doubt it. Was this dealer duped himself? Very possible. But there is still no convincing proof that this cake is something else. We are talking a few cakes left out of a box that he has had for 6 years. How much profit could he have made on this?

I have to strongly disagree with your analysis in regards to pu prices. I am not questioning that when he purchased the tong in 2003 it was much cheaper. However, pu-erh appreciates roughly 4% or more depending on different variables. Perhaps if puerh is not very popular in Thailand, then certainly there are many uninformed sellers and buyers that would be willing to part with a cake at an unconventional price. Logically speaking, I see no reason why in 2003 someone would sell a fake young tong of pu-erh to a vendor as the pu-erh craze was just in its infancy. For the most part, in the early days of the pu-erh bubble it were the vintages which were being inflated by the Taiwanese Markets and the young sheng bubble didn't roughly start until somewhere in 2005 as a consequence of speculation. Young puerh in 2003 was not terribly difficult to to acquire - even DaYi products. Especially if in Thailand no one was drinking the stuff. This is the reason I am leaning towards a product which was meant to decieve which may not have been purchased in 2003 but later. The information provided and the picture make a very compelling case that it is indeed a counterfiet. However, one that can not be thouroughly verified without personally sampling it. I am still not satisfied with the humidity part of the equation. 90% humidity is not any different than other parts in China, Taiwan and especially Hong Kong which is notorious for wet stored fare. I have a few HK that are medium wet that show no where near the amount of staining that your beeng contains. Nonetheless, if you enjoy the tea, than its a good find - Yes?

[oldmanteapot]

Nonetheless, if you enjoy the tea, than its a good find - Yes?

This is the most important of it all... you're enjoying the tea!

Cheers!!

[Tead Off]

Very hard to find Puerh in Bangkok. This is not a market for it. But, using your Puerh appreciation factor of 4% per year, if the dealer paid $12? per cake, I am paying him more than double this including the 4% per year. This is a profit worth taking, imo. Then again, if the dealer knows the Puerh market, why wouldn't he sell it to me at 'fair market' value and really make his profit? This is good business, yes?

As you noted, I am enjoying the tea and using your brewing parameters. Sitting here drinking it as I type. Very smooth, floral nose, no bite at all!

[hop_goblin]

Very hard to find Puerh in Bangkok. This is not a market for it. But, using your Puerh appreciation factor of 4% per year, if the dealer paid $12? per cake, I am paying him more than double this including the 4% per year. This is a profit worth taking, imo. Then again, if the dealer knows the Puerh market, why wouldn't he sell it to me at 'fair market' value and really make his profit? This is good business, yes?

As you noted, I am enjoying the tea and using your brewing parameters. Sitting here drinking it as I type. Very smooth, floral nose, no bite at all!

Indeed Tead, for a price of $29 I would spend more effort drinking and enjoying it than trying to authenticate it! The tea doesn't know it a counterfiet (if it is indeed a counterfiet. Even fake teas can be tasty) I would have be pleased to find a $29 beeng of puerh which I enjoy to drink. The tastsing notes sound wonderful already!

[oldmanteapot]

hey guys... does anyone else have pictures? I have a wrapper with some pretty noticeable differences... My camera is broken right now but I'll post them soon... They are very subtle but they are definitely different.

Hi Kim,

What pictures do you want to see?

Cheers

[MarshalN]

+1

the packaging look all wrong.... how is the taste and smell of it?

I concur. Packaging looks off, and more importantly, the shape of the bing looks very wrong.

We need a shot of the front of the cake. That will probably settle the issue.

[Cha4WOW]

I am thai people (new puerh fever) it very cheap in thailand i will try you can tell me about shop.
and i think puerh in thailand it very expendsive price it over from china about 2-300% (in china town) and 5-800% in department store.

I don't think this is true. If this dealer bought the cakes in 2003, the prices would be significantly lower then. The Puerh craze that shook China has no foothold in Bangkok. There is simply very little available. Also, the dealer, as most Chinatown dealers here in BKK, are not hooked into Cyberspace. Their shops are not airconditioned, are open to the street, have no computers, and, are essentially doing business with an older clientelle that they have been dealing with for years.

but him buy tea from china every year. and thai dealer can speak chiness ..
NOTE:
If now you stay in BKK i will shared "2008 MENGHAI "SPRINGTIME WATER" SHENG" for sample or compair it because i think in this board known it.


thanks for shared knownlage.