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Graded pandas

pmcollectourpmcollectour Posts: 1,211 ✭
in Precious Metals
NGC or PCGS seem to go for quite a bit. Can someone give me a reason as to why I should or should
not buy these coins. Not the political side to it, but are they a safe way to store value ?

Comments

  • sbeverlysbeverly Posts: 962 ✭✭✭
    If you are looking for a pure bullion play, there are other products that are less pricey.

    Pandas tend to go for a bit more because of increasing collector base.

    They typically have lower mintages than other bullion products
    and a design that changes every year.

    There is no reason not to buy the coins
    Positive transactions with Cladiator, Meltdown, ajbauman, LeeG, route66,DennisH,Hmann,FilamCoins,mgoodm3,terburn88,MrOrganic, weg,dcarr,guitarwes,Zubie,Barndog,wondercoin,braddick,etc...
  • 1970SilverArt1970SilverArt Posts: 482 ✭
    If you like to collect the slabbed pandas, then you should go ahead and buy it.
    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • botanistbotanist Posts: 524 ✭✭✭
    The pandas are certainly gorgeous, and if the future potential Chinese collector base ever gets going seriously, the coins will become prohibitively expensive, and some of the earlier coins are already trending that way. But as a mere bullion play, the mark-up is generally substantially higher than U.S. mint products because there are greater transportation costs, a longer string of middlemen, and usually lower volume. Maybe that is offset somewhat by cheaper Chinese labor. However, another thing to worry about is the Chinese counterfeit coin industry, and if that might ever become pertinent to the panda coins. I suppose that if buying them for purposes of bullion, it would make better sense if you are planning to hold them for quite a while, at least more than 10 years.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Panda gold is not very liquid from what I have experienced. More of a collectible than bullion play.
    Avid collector of GSA's.
  • sbeverlysbeverly Posts: 962 ✭✭✭
    Panda gold is not very liquid from what I have experienced

    They are very liquid here in my neck of the woods.
    Positive transactions with Cladiator, Meltdown, ajbauman, LeeG, route66,DennisH,Hmann,FilamCoins,mgoodm3,terburn88,MrOrganic, weg,dcarr,guitarwes,Zubie,Barndog,wondercoin,braddick,etc...
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>

    They are very liquid here in my neck of the woods. >>




    I noticed on ebay that they are not as liquid as other forms of gold.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>

    They are very liquid here in my neck of the woods. >>




    I noticed on ebay that they are not as liquid as other forms of gold. >>




    Really? Please show a few examples where a gold panda failed to sell on ebay for at least melt. What exactly is your definition of "liquid"? Mine is "any object that can readily and immediately be sold for fair market value at any given point in time". According to my idea of "liquid", pandas are no more or less liquid than any of the other major government issued gold bullion.
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>


    Really? Please show a few examples where a gold panda failed to sell on ebay for at least melt. . >>



    I just went and checked completed items on ebay. The graded pandas didn't sell very well. Perhaps the asking prices
    were too high. Notice on my original post that I asked about NGC or PCGS pandas, so getting something close to melt
    would be out of this discussion.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Silvertowne offered me 98% of melt for raw Panda's and $30 over for raw AGE's that is what I was going by.

    Other dealers would buy the AGE's but passed on the Panda gold. I'm not saying it's right just my personal experience.

    Personally I like the coins design. I will ad I had same experience with Aussie gold too.
    Avid collector of GSA's.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Sorry pmcollector, I too over looked your TPG questionimage
    Avid collector of GSA's.
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>Sorry pmcollector, I too over looked your TPG questionimage >>



    That's ok, I appreciate everyone's input, and even though the heading says "Graded Pandas", we sometimes
    are rushing at work and just comment off the last post, as I have done before myself.
  • GRANDAMGRANDAM Posts: 8,512 ✭✭✭✭✭
    Panda's are image

    1/10 oz Gold Panda Set

    GrandAm image
    GrandAm :)
  • CiccioCiccio Posts: 1,405 ✭


    << <i>

    << <i>

    << <i>

    They are very liquid here in my neck of the woods. >>




    I noticed on ebay that they are not as liquid as other forms of gold. >>




    Really? Please show a few examples where a gold panda failed to sell on ebay for at least melt. What exactly is your definition of "liquid"? Mine is "any object that can readily and immediately be sold for fair market value at any given point in time". According to my idea of "liquid", pandas are no more or less liquid than any of the other major government issued gold bullion. >>



    More than 30 times in the last 10 days

    image That's a scam!

    I agree with you, the Pandas are liquid as any other well known bullion, maybe better.
  • GRANDAMGRANDAM Posts: 8,512 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>

    They are very liquid here in my neck of the woods. >>




    I noticed on ebay that they are not as liquid as other forms of gold. >>




    Really? Please show a few examples where a gold panda failed to sell on ebay for at least melt. What exactly is your definition of "liquid"? Mine is "any object that can readily and immediately be sold for fair market value at any given point in time". According to my idea of "liquid", pandas are no more or less liquid than any of the other major government issued gold bullion. >>



    More than 30 times in the last 10 days

    image That's a scam!

    I agree with you, the Pandas are liquid as any other well known bullion, maybe better. >>



    ----------------------------------------------------------------------------------------------------------------------------------

    The Panda's that sold below melt are counter-fit image

    Anyone who has any to sell below melt PLEASE PM me.

    If a Panda sells too cheaply check for reasons why. Is the seller US or foreign? What is their feedback?

    Many Panda's fail to get reasonable bids because of distrust of the seller. Many use real photos but are NON-US sellers and have low feedback often times many duplicate feedbacks from the same low feedback buyer.

    Draw your own conclusions as to why the bids are low. image

    GrandAm image
    GrandAm :)
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