Home› Precious Metals

I'm Confused

rgCoinGuyrgCoinGuy Posts: 7,478 ✭
in Precious Metals
Sometimes I hear Panda's are just bullion, and only worth a small markup over melt.

Sometimes I hear an ounce of silver is worth 2k in the form of a Panda.

So I bought 10 2008 Silver Panda's.

Can someone just PM me when I can retire?

image
imageQuid pro quo. Yes or no?

Comments

  • gecko109gecko109 Posts: 8,231 ✭


    << <i>Sometimes I hear Panda's are just bullion, and only worth a small markup over melt.

    Sometimes I hear an ounce of silver is worth 2k in the form of a Panda.

    So I bought 10 2008 Silver Panda's.

    Can someone just PM me when I can retire?

    image >>




    It has everything to do with dates, and not just that they are pandas. A 2008 silver panda contains 31.103 grams of .999 silver and is worth about $22 retail. A 1983 silver panda contains 27.0 grams of .900 silver and is worth about $1,000 retail. Think of it like this....you can probably buy as many junk Barber quarters as you want for roughly $3 apiece. But put the numbers 1913 on the front, and a little "S" on the back, and the coin is now worth in the thousands of dollars. Same material as the $3 coins.....same weight, please explain.image
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    image
    imageQuid pro quo. Yes or no?
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    were did you buy the pandas and how much???
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    I used one of my cash back deals on the set of 10, it was right at about $18 an ounce after the discount. I figure the Panda premium will probably hold up even though I bought ASE's and Maple Leafs both for about $13 bucks or less per ounce last weekend too.



    Edited New Listing for 4 more sets available
    imageQuid pro quo. Yes or no?
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>I used one of my cash back deals on the set of 10, it was right at about $18 an ounce after the discount. I figure the Panda premium will probably hold up even though I bought ASE's and Maple Leafs both for about $13 bucks or less per ounce last weekend too.



    Ebay listing, looks like 4 more sets may be available >>




    Coin for coin, the pandas will always trade higher than the eagles or maples with the only exception being the 1995-W. Good pick-up!image
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>

    << <i>I used one of my cash back deals on the set of 10, it was right at about $18 an ounce after the discount. I figure the Panda premium will probably hold up even though I bought ASE's and Maple Leafs both for about $13 bucks or less per ounce last weekend too.



    Ebay listing, looks like 4 more sets may be available >>




    Coin for coin, the pandas will always trade higher than the eagles or maples with the only exception being the 1995-W. Good pick-up!image >>



    And the 1996 ASE uncs. They often fetch around $100 or more. Local shops will pay $75 for them.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • DeadhorseDeadhorse Posts: 3,720 ✭
    So, Gecko, what do you know about the 5 ounce silver Pandas dated 1988?
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • johnjinxjohnjinx Posts: 365 ✭✭✭
    I got a couple of 2005 silver pandas for free for doing the right thing. They're definitely nice looking coins.
  • cinman14cinman14 Posts: 2,489 ✭
    13 dollar shipping....image
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>So, Gecko, what do you know about the 5 ounce silver Pandas dated 1988? >>




    They are relatively common with a mintage of 11,000.
  • jamakinjamakin Posts: 1,055
    I personally would not buy any Chinese Panda unless it was certified by PCGS or NGC
    just too many counterfits out there to trust anything raw on ebay
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>

    << <i>So, Gecko, what do you know about the 5 ounce silver Pandas dated 1988? >>




    They are relatively common with a mintage of 11,000. >>



    That's a low mintage in my book.

    It's a proof in the display case with a COA I suppose, it's all written in Chinese.

    Value of this common piece?
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I am gonna have to get some pandas just to add to my collection sometime.

    Deadhorse, noone wants your panda so just sell it to me cheap image
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭


    << <i>13 dollar shipping....image >>



    Yeah, I haven't received it yet, so they must not have overnighted, I expect they are packing them in gourmet Pecans instead of shipping peanuts. image Seriously, I don't care what someone charges for shipping, as I figure that into whether I am going to buy at that cost or not.

    As for buying them raw on ebay, this seller has been around the block (great feedback and sells this sort of thing often), there are 600,000 of these minted (not likely to be counterfeited yet), and to buy certified would have not been a cost efficient way of buying a few of these, at least IMO.

    I will be sure to check the weights and if in doubt, consult our expert Gecko on their authenticity once received. image
    imageQuid pro quo. Yes or no?
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>I am gonna have to get some pandas just to add to my collection sometime.

    Deadhorse, noone wants your panda so just sell it to me cheap image >>




    It's not for sale, the only one I've seen.

    I am curious if it has any sort of collector premium.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • MoneyLAMoneyLA Posts: 1,825 ✭
    aren't there some "rare" pandas that command high prices? I remember several years ago discussing this with someone from Panda America at the Long Beach show... but I do not recall what the prices were. I only know that I was amazed that in the first year that China made the Pandas few were made and when collectors caught on the prices shot up.

    pandaamerica.com is their web site.

    I found one silver proof for over $1200 listed on their site

    http://www.pandaamerica.com/subcategory.asp?subcat=402&categ=1&grp=1
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭


    << <i>

    << <i>I am gonna have to get some pandas just to add to my collection sometime.

    Deadhorse, noone wants your panda so just sell it to me cheap image >>




    It's not for sale, the only one I've seen.

    I am curious if it has any sort of collector premium. >>



    I will say this, in Gecko's every changing views on bullion vs. numismatic value, I think 11,000 given the Billions of Chinese who are potential future collectors ( I think he has used this argument before on another Panda, I am sure I will be corrected if wrong) is a good bet to hold if there is no collector premium YET. JMO image
    imageQuid pro quo. Yes or no?
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    were on pandas does it say .999 silver or fine silver??? Is it on the rims or is it in chinese???

    are the kilo pandas rare?
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>aren't there some "rare" pandas that command high prices? I remember several years ago discussing this with someone from Panda America at the Long Beach show... but I do not recall what the prices were. I only know that I was amazed that in the first year that China made the Pandas few were made and when collectors caught on the prices shot up.

    pandaamerica.com is their web site.

    I found one silver proof for over $1200 listed on their site

    http://www.pandaamerica.com/subcategory.asp?subcat=402&categ=1&grp=1 >>




    Thanks, I'll check it out. image
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    image

    Obverse on the 2008's at least...
    imageQuid pro quo. Yes or no?
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    thanks rgcoinguy. I still wanna know if those kilo pandas are rare or not I see them on ebay quite often.

    Gecko, can you give a list on whats the rarest pandas???
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>I am gonna have to get some pandas just to add to my collection sometime.

    Deadhorse, noone wants your panda so just sell it to me cheap image >>




    It's not for sale, the only one I've seen.

    I am curious if it has any sort of collector premium. >>




    Sure, there is a premium. It worth maybe 3-4x melt or thereabouts.
  • DeadhorseDeadhorse Posts: 3,720 ✭
    OK.

    $248.00 from Panda America.

    That's a decent premium.

    I bought it near spot many years ago, probably around a $30 investment.

    Thanks again, Alan.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>

    << <i>I am gonna have to get some pandas just to add to my collection sometime.

    Deadhorse, noone wants your panda so just sell it to me cheap image >>




    It's not for sale, the only one I've seen.

    I am curious if it has any sort of collector premium. >>



    I will say this, in Gecko's every changing views on bullion vs. numismatic value, I think 11,000 given the Billions of Chinese who are potential future collectors ( I think he has used this argument before on another Panda, I am sure I will be corrected if wrong) is a good bet to hold if there is no collector premium YET. JMO image >>




    A simple number cannot be commented on about rarity without some context. Sure, 11,000 of those 1988 5oz silver pandas may seem to be a miniscule mintage, but considering the lack of interest in the 5oz silver series, its actually a very, very abundant number of pieces. Now lets look at the 13,000 or so 1982 1oz gold pandas. Higher number of coins, but MUCH higher demand on this series, and thus 13,000 becomes more rare than 11,000. Similarly, the 1995-W ASE sells for over $4,000 and is considered "rare" with over 32,000 pieces struck. The 1987 silver proof panda sells for around $200 and is considered "common" with just 31,000 pieces struck. Everything must be taken in context Rob.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>thanks rgcoinguy. I still wanna know if those kilo pandas are rare or not I see them on ebay quite often.

    Gecko, can you give a list on whats the rarest pandas??? >>




    I have neither the inclination nor the time to assemble a mintage list of coins when anyone can find such a list with a little internet research of their own. Happy hunting!image
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>OK.

    $248.00 from Panda America.

    That's a decent premium.

    I bought it near spot many years ago, probably around a $30 investment.

    Thanks again, Alan. >>




    Just remember that Panda America is retail+++!!! Its almost like going by the PCGS priceguide on high grade U.S. moderns, you know you have to knock off at least 20-30% of what they list them for to get a realistic value approximation.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>

    << <i>OK.

    $248.00 from Panda America.

    That's a decent premium.

    I bought it near spot many years ago, probably around a $30 investment.

    Thanks again, Alan. >>




    Just remember that Panda America is retail+++!!! Its almost like going by the PCGS priceguide on high grade U.S. moderns, you know you have to knock off at least 20-30% of what they list them for to get a realistic value approximation. >>




    That's fine. It's nice to know that it has a premium.

    It's not for sale anyway. I intend to keep it a long time.

    Obviously the B&M shop had no clue back then.

    Thanks for the info.

    image
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Sign In or Register to comment.