1996 China silver Panda error found

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What appears to be an important Chinese error coin was identified today on the Chinese Coin Forum. The photos and discussion can be found here: Topic: 1996 12 oz. Silver Panda

Best wishes,
Peter Anthony
http://www.pandacollector.com

pruebas

Important Chinese coin = Panda? You've got to be kidding.



<< <i>In addition, China is not known for good quality-control, especially back then. >>


I loved this comment. Understatement of the year, as most of the world is painfully aware.

MrOrganic

Great Link & Info Peter

Thanx!

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<< <i>Important Chinese coin = Panda? You've got to be kidding. >>



There are very few Panda error coins known so any new discovery is of interest. The current asking price for this Panda coin is $11,000 — not exactly a bullion coin.

Best wishes,
Peter Anthony
Pandacollector.com

pruebas

An interesting coin, maybe, but important? No way. Price has absolutely nothing to do with it.

By that same standard, would you consider this Chinese coin important? Rare, debatable. Important, not even close.

Besides, according to your link, the jury is still out on whether it's a counterfeit or an error.

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It's not clear to me what you mean by important. I'm looking for a little aluminum Chinese coin right now but can't find an one anywhere in the grade I want. To me that's an important coin because it will fill a hole in a set of coins and the set is a challenge to complete. I imagine that no one spends $92,000 on a coin if it doesn't have some significance. Do you think that $92,000 bid was a mistake? Do you know the buyer and consider him incompetent? Large size (over 1 oz.) coins are incredibly popular among Chinese collectors and this one has a maximum mintage of 100. In reality the mintage might be 12 (or any other number).

I don't want to jump to conclusions, but aren't you judging this coin's importance according to your frame of reference and not that of the buyer? Perhaps you could elaborate a bit on your definition of important? Then we can discuss the same thing.

As for the jury on the 1996 error, it seems to be tilting towards genuine based on some photos that precede the emergence of the Chinese counterfeit industry. I consider this error (if that's what is) important because there are so few Panda error coins known and this would be the first that I can recall among large silver coins.

I'm also absorbing today's auction result of $6,000 for a BU 1/2 oz. gold Panda that's scarce, but not rare, and trying to divine the implications for the rest of the series.

Best wishes,
Peter Anthony
http://www.pandacollector.com

trozau

Peter,

Not meaning to hijack the thread but is the 1988 China 1 troy ounce gold proof Panda Sino-Swiss Friendship - Basel International Coin Week struck in a die marked Pt (platinum) considered an error coin? In that particular case, the error mintage struck in Pt (platinum) die is even more than the correct coin struck in Au (gold) die.



TIA