Highest silver kilo coin I've seen is the 98 panda in an NGC PF69 holder and that went for around $2,300. I've never seen this piece before but is it really worth 10x the silver spot value?
With a mintage of 1000 and a Chinese population well over 1 billion, not to mention all the other silver collectors in the world, I'm not surprised at all.
.....GOD
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
No need for a sales pitch with low mintage Chinese material these days. Melt on this matters much like melt on a 1795 USA $10 gold. Same with some of the China gold 12's, 20's, and kilos. Over $6k did seem a bit high to me, but only a bit.
Comments
<< <i>I've never seen this piece before but is it really worth 10x the silver spot value? >>
Not IMHO.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
<< <i>With a mintage of 1000 and a Chinese population well over 1 billion, not to mention all the other silver collectors in the world >>
I always thought that this phrase was the worst sales pitch ever to sell a Chinese coin, but apparently it works!! LOL