News Update: Jim Rogers was in China buying up the Pandas not so long ago. [imgz=http://forums.silverstackers.com/uploads/675_jimrogersbuyspandas.jpg][/imgz] Source:http://www.chngc.net/main/D_Information/ShowDetail_3741.shtml Chinese news reports that star money manager and Investment Biker author Jim Rogers recently plunked down $270,000 in a Beijing coin store. What was he after? Pandas, gold and silver Pandas. Had the famed investor got wind of the 1997 silver Panda that went from $2,250 to $41,700 in just three years? Or did word reach him of the Panda Index1 that has run up from $10,000 to $50,000 in five years? Whatever the reason, Mr. Rogers bought Pandas. http://www.numismaster.com/ta/numis...le&ArticleId=20484&et_mid=505779&rid=16742897 Source:http://www.pandacollector.com
hehehe... definitely not a bubble (opinion). The Chinese have accumulated gold and silver for thousands of years... but yeah, it's only been in recent years they've been encouraged by their government to get investment gold and silver.
The 1 oz silver 2000 Dragons would graph as well as the Pandas. I was buying them at US $14-$16 in 2005-2006 and they seem to be averaging around $100 + on ebay; that's close to a 7:1. Though this thread does make me happy that I just pushed my Pandas to the back of the safe and forgot about them rather than selling them in disgust because of the rampant counterfeiting.
I don't think it's a bubble at all given that Gold & Silver ownership by private individuals in China was banned by the Govt. until recent times. More likely the middle class in China are looking for heirloom keepsakes which they are so fond of. I think the future is very bright for Panda collectors, just take a look at the prices they are fetching on eBay for pre-nineties Pandas.
There is a lot of hype around the counterfeit pandas. But in reality there are more fake morgan dollars and silver eagles than pandas - and detecting a fake panda so far hasn't been too difficult (especially for the newer series). Here are two pictures. One is real and one is fake. I am sure you can tell which one is which. If you can't tell, don't buy silver eagles either because the fakes of those are much better... maybe stick to Masterpieces in Silver. [imgz=http://forums.silverstackers.com/uploads/675_fakepanda.jpg][/imgz] [imgz=http://forums.silverstackers.com/uploads/675_2009-chinese-silver-panda-i0-yaun-999-gem-bu-1-oz-ba63d.jpg][/imgz]
I reckon it's a lot harder to determine a fake Morgan or Eagle than it is a fake Panda. [imgz=http://forums.silverstackers.com/uploads/675_1906_counterfeit_bullion.jpg][/imgz] Fake 1906 ASE [imgz=http://forums.silverstackers.com/uploads/675_counterfeit_1885_morgan_o_dollar.jpg][/imgz] Fake Morgan [imgz=http://forums.silverstackers.com/uploads/675_fakepanda.jpg][/imgz] Fake Panda 1. Most people don't know when American Silver Eagles were first manufactured. 2. Most people are not familiar with Morgans to notice the slight differences. 3. Detecting the differences between fake and real silver eagles requires a trained eye and prior knowledge. 4. A quick glance shows the big obvious differences between real pandas and fake ones.
A wonderful Jim Rogers quote that applies quite well to Pandas Jim Rogers: Well, the first thing people have to understand is that you have to do your homework. You have to be prepared for everything, and part of that is being skeptical of everything you hear. Don't believe anything you hear in the press or from politicians or anywhere else. Do your own homework. Come up with your own conclusions about everything, and do lots of homework. There's no such thing as too much research no matter what you're trying to do or accomplish, and then, after you've done your own homework and listened to all the other views, if you want to, but don't even listen to them to see whether it might be wrong, then, then you might make a success at whatever you're trying to do. Read more: http://wallstcheatsheet.com/trading...heet)&utm_content=Google+Reader#ixzz1PM87HJEa
I read all these posts about fake ASES, but I do not know of anyone that has actually seen one. The photo could easily be a photoshopped picture. Is that photo the only "evidence" of fake ASE?
I am fairly sure I've seen heaps of them. Next time I go shopping I'll try to pick one up for demonstration purposes Would you like a pic of a fake morgan and fake brittania also? Here is a really cool device for detecting fake US Silver Dollars. http://www.youtube.com/watch?v=VM68Zx0u0Lw Here's a short website on detecting fake ASEs. http://coins.about.com/od/goldrarecoininvesting/f/fake_coin_fraud.htm
Yep, was covered in this post: http://forums.silverstackers.com/topic-11108-fake-american-silver-eagles.html
Need to see a picture of the back of the coin please. That coin looks exactly like a walking liberty half dollar. Those were minted in the early 1900s and would be just as worn. However, the year is still wrong.
It's definitely a fake ASE. I took the above photo myself. Even if the year is wrong, it still addresses the false belief that there are no fake ASEs. Here's an article writtten by someone else: http://coins.about.com/od/goldrarecoininvesting/f/fake_coin_fraud.htm
