2001 gold 50Y panda certified PF70 by NGC

coasterfan · February 4, 2012 10:54AM

Hi,

I spend most of my time on the US Coin Forum, but I have one gold panda in my collection that I am interested in selling. The only similar ebay listing I could find is this one for $5000.

Is this price legitimate, or is this just a case of someone trying to sell the label? What would be a fair asking price?

Ebay link

TwoKopeiki · February 6, 2012 2:21AM

Is yours also a 50 Yuan panda?

When you do a search for 2001 50 Yuan in either coinarchives.com/w or mcsearch.info you get prices in the last 6 months in the ballpark of 300 USD. Not sure if that's correct, since I know little to nothing about Pandas (gold or silver). The question is what kind (if any) premium does a PF70 grade bring...

TheBigB · February 6, 2012 2:33AM

If I am not mistaken, this seller is trying to make money off the label which is a mechanical error by NGC. Even if NGC misidentified the coin, it does not mean it is worth extra money. Maybe they are trolling for a sucker?

In that case I would eliminate this auction from my pricing research.

GRANDAM · February 6, 2012 3:30PM

In an NGC Holder I would say a $500 coin.

As stated above it is a label error. The coin is actually MS, not Proof.

GrandAm

steveben · February 8, 2012 2:31AM

the 2001-d is a substantially lower mintage than the 2001. also, 70's are hard to come by for pandas...so i doubt this one is truly a 70. i have a ngc 70 coin in my possession right now that clearly has a small spot on it, just for example.

they had a lot of strike issues in 2001 and copper spotting is also a problem for that series. $5000 is dreaming, even for a real 70 2001-d. there is a 2001-d pcgs 69 that sold for 900 on ebay.

also, i agree that because the label says PF instead of MS is worth nothing more than a curiosity. i don't think there's any monetary value in that. anyway, that's not what you are asking. $200 to $250 is a good answer to your question, assuming the coin is problem free and not certified. it could be worth slabbing before you sell it...especially if it's a 2001-d.

coasterfan · February 9, 2012 6:00AM

Thanks for all of the advice. It's very much appreciated. I see a similar auction on ebay that is not exploiting the mislabeling claim, so I will use that one instead as a reference.

steveben · February 10, 2012 12:54AM

no way that one is a 70. check out the area above the right eye on the panda...i won't even mention the rev. i agree this is a good coin to watch though.

if yours is raw, i highly suggest getting it slabbed if you think it's a 70 or even a 69. i think it will bring more money than it will cost to slab it.

GRANDAM · February 10, 2012 1:08AM

Here is a 2001-D 1/10 oz

GrandAm

MrOrganic · February 11, 2012 2:13AM

<< <i>Here is a 2001-D 1/10 oz

GrandAm

>>

luv the D mintmark pandas

2001 gold 50Y panda certified PF70 by NGC

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