LBC Modern Chinese coin investments LIST #124

Discussion in 'Modern Chinese Coins & Medallions' started by fishball, Feb 3, 2012.

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  1. fishball

    fishball New Member Silver Stacker

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    I bought that 1989 expo panda tamo mentions lol... it actually sold twice at $550 I believe, me and another guy bought one each!

    The reason I bought it was because tamo/Austacker made it sound so enticing and it's price level was screaming "bargain" to me.

    Also the flood of them on the market is from mostly one seller, I believe once they're cleaned out they will be back to the usual scarce levels.

    I actually offered $515 before but he countered with a $550, I couldn't be bothered stuffing around for an odd $20-30 so took his offer.

    Was a good price ($588 US shipped), especially with the strong AUD (~1.06 at time of purchase).

    Read more here.
     
    fishball, Feb 3, 2012
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  2. Zinger

    Zinger New Member

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    He also mentions the 1998LD 1oz BU Panda. Something I know fishball has mentioned a few times as very undervalued. There is a pretty hot auction for a MS69 on eBay at the moment that looks to eclipse the previous top sale price.
     
    Zinger, Feb 3, 2012
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  3. fishball

    fishball New Member Silver Stacker

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    Are you talking about this?

    I am watching that auction, anything under $450 feels like a good buy to me so might put in a last minute sneaky bid.

    As for me mentioning it being undervalued, I wish I could claim credit for that but it was 25Grizzlies who first alerted me to it back when we first met in Sydney.
     
    fishball, Feb 3, 2012
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  4. Mohur

    Mohur New Member

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    Hey fish,

    I was the $525 guy! :D Exhange rate could have been better though. to $ = fail .. well compared to the 1 = $2 days lol

    The reason i bought it was because i love the design and like you i believe there is defo upside potential.

    Mohur
     
    Mohur, Feb 3, 2012
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  5. fishball

    fishball New Member Silver Stacker

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    Chances are the other guy who bought for $550 is on here as well. Lots of astute buyers on here!

    My reasoning for the upside potential is:

    Low mintage
    Great design
    Currently market flooded thus reflecting low prices (ie. Good buy)

    Although I bought it mostly for the second reason, the design is awesome.
     
    fishball, Feb 3, 2012
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  6. mfm

    mfm New Member

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    Confirmed address = Ships to United States, United Kingdom, and Canada ONLY.
     
    mfm, Feb 3, 2012
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  7. fishball

    fishball New Member Silver Stacker

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    Bought from that seller before, he ships to Australia too.
     
    fishball, Feb 3, 2012
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  8. Zinger

    Zinger New Member

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    Well, thanks to you both, I investigated them shortly after you mentioned them and picked up an OMP sheet. Hopefully we all make a solid return. It is interesting how word travels and generates hype.
     
    Zinger, Feb 3, 2012
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  9. musemellow

    musemellow Member

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    FB you're right
    I was the "other guy" :p ,
    after reading so many positive review about this coin, I decided to buy one too
    I offered $525 but the seller counter offered for $550, and it was sold before I accepted it,
    Bought it for $550 when the seller relisted the item.

    nothing can go wrong with $550, 4000 mintage Panda!
    will post pic hopefully next week ;)
     
    musemellow, Feb 3, 2012
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  10. fishball

    fishball New Member Silver Stacker

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    Wow the power of SS!

    Cleaning out pandas around the world just like that! bam!
     
    fishball, Feb 3, 2012
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  11. yennus

    yennus Well-Known Member Silver Stacker

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    And the Pandamonium is likely to get much hotter in the coming days, months and years... I'm going to want a much bigger budget for these Pandas.
     
    yennus, Feb 3, 2012
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  12. Teh silvers

    Teh silvers Member

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    I made a offer of $520 USD, he replied with $550 USD.

    Ended up costing $513 AUD plus postage. from the same seller.
     
    Teh silvers, Feb 3, 2012
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  13. fishball

    fishball New Member Silver Stacker

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    I think we finally cleaned him out LOL, his listing isn't relisted :p
     
    fishball, Feb 3, 2012
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  14. Teh silvers

    Teh silvers Member

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    Wow this one sold for $700

    390342491159
     
    Teh silvers, Feb 3, 2012
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  15. fishball

    fishball New Member Silver Stacker

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    That was actually bought by another stacker here, he only paid $625 for it, not $700.
     
    fishball, Feb 3, 2012
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  16. Teh silvers

    Teh silvers Member

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    lol.you must have a good memory.

    I want to find out how many are in ms 69 condition? Any idea.(I tryed looking on the NGC website but had no luck).
     
    Teh silvers, Feb 3, 2012
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  17. fishball

    fishball New Member Silver Stacker

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    fishball, Feb 3, 2012
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  18. Teh silvers

    Teh silvers Member

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    Thanks for helping.

    That's cool.
     
    Teh silvers, Feb 4, 2012
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  19. Thor122

    Thor122 New Member

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    Fishy i like it (im a karate's black belt 2nd dan)
    I ask him off ebay 525 plus 38 shipping.
    Now 6 in ss members
    I think he have a lot more.
     
    Thor122, Feb 4, 2012
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  20. musemellow

    musemellow Member

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    Probably 7 now, another one sold on ebay :)
     
    musemellow, Feb 4, 2012
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