[QA]Can a person with about $1000-$2000 make a profit buying pandas...

not sure wht u want but i suggest purchase a PF 70 slabed panda (date pre-2005) and leave it for 3-5 years u later probably u will make double ROI

 

Yep, this is another smart way to play the game

 

To be honest though Jizlizard, nothing you or I can afford will be stolen by those graders.

We're small fry. The coins we send in to grade are a measly 4 figures? Pfft for them

 

You are not wrong there.

 

I am only concern the dealer handling my coins steal them .

 

Ok, i just carefully scanned ebay for the years 2010-2012 and it is abundantly clear that I have absolutely no chance whatsoever of turning nongraded coins into graded coins and selling them for a profit. Not unless i got really lucky with a couple ms70. In fact, it is an almost guaranteed loss. There even seems to be a preference for ungraded coins in some cases as they are fetching close to the prices of ms69's!

So, if this is gonna work i clearly need to search for other, older, coins. Any suggestions on particular dates i should look for in omp?

Edit: please remember i am talking about a six month time span here. I am not bashing the long term value of pandas.

 

From the 80's through to 2001. I am sure others will post up key dates also

 

Ok thanks, now we're getting somewhere! I can definitely see some profit potential now. Next question....how common are ms68 or below in 2001 and older double sealed and ncs conserved ngc graded coins? Because those have a very distinct decrease in premium to the point i can even see them selling for less than double sealed.

I know some of you folks have experience in this . Is there a site with information like what i just asked for?

 

And yes, i am an information black hole

 

I purchased two Brass Pandas 1984 from here for $300each

I can get some good returns on those

 

http://www.ngccoin.com/poplookup/World-Coins-Census.aspx

Plug in PRC and say S10Y (for 1oz Silver/27g Pandas)

You can see the % of MS69 and non-69s and 70s there.

For example I just found out that there were only 60-ish G5Y 1986 Pandas graded by NGC... hehe.

 

Brilliant! That is exactly what i wanted! <3

 

Alright, i've gotta get some sleep now, it's 5:40 am, lol. Thanks for all the answers, I'm sure I'll have more questions later

 

Hey Honestcoins, you should think twice before you go down this road with pandas , your $1000-$2000 will be gone quickly and before you know it you will be so far into the woods you may never find your way out. Dont believe me? just go read the pandas anonamous thread!

 

I have.

 

Edit: nevermind, i see now it is the 2001 d ms69 going for $150 +

Why arent these selling?

http://www.ebay.com/itm/2001-SILVER...ultDomain_0&hash=item53e98f783e#ht_2122wt_689

 

^^ Nice coin, which would go nicely with my newly purchased 2001D, but this seller is only shipping within America....shame

I read recently that most Chinese Pandas are bought by the Chinese, so this seller is blocking out most of their potential market??? and me, of course

 

Hello Honestcoins,

I'm curious as to what percentage of "profit" you are looking to make on a $1,000 to $2,000 investment in a six month time frame?

I will be frank and honest with you ... In my opinion I don't think you can invest $2,000 into anything (legal) and expect a reasonable profit in six months.

If there is something that you are more familiar with regarding investments then I would recommend sticking with that because Pandas just as any other Modern Chinese Coin (or numismatics) would take a fair amount of research on your part to properly formulate an investment plan.

It would be nice and easy if a person could just pop into an internet forum and ask "what to buy" for a short term investment of six months and then six months later cash out with profits I really wish it were that easy but unfortunately it is not my friend.

Personally I would forget about the idea buying OMP coins for grading submission with only $2,000 as grading cost, shipping and the risk of low grades would probably give you a decent collection but nothing you could profit on in a six month period.

Possibly you could do some research and buy a few nice graded pandas for lower than normal prices and hope that in six months you could sell for a profit but that involves a lot of speculation. Who knows where the coin market will be six months from now?

I'm not saying that Pandas or any numismatics are not profitable at all the point I'm trying to convey is unless you are a large volume dealer any type of numismatics would not be the optimal play if you are looking for a short term profit in six months.

As I previously conveyed I'm really not sure what investment has a decent return in only six months, if you know of some let me know.

Good luck on your investments !

 

Well, currently I have been doing well moving limited mintage coins around the world from locations where they are less rare to locations where they are super rare. I have certainly found that profitable.

My hope was that I could do something similar with pandas by having them graded and flipping em(basically charging a service fee for doing the work to buy/get graded/sell) and based on the initial reactions to my question there seemed to be some promise to the idea. However, I've done some perusing of prices on several years and it seems my hopes don't meet up with reality. I'm going to keep looking for ways but right now it does not seem promising.

For now, I will stick to what I know and keep looking for options to expand in to

Thanks for your response comeaux

 

Which limited mintage coins are you referring to and how do you move them from one part of the world where they are common to another part of the world where they are rare?

Would not the internet solve these problems for people along with international shipping ?

Just curious and maybe I want to buy some of these rare coins you are selling