2015 Chinese Panda Gold & Silver Coins WITHOUT Weight & Composition

Discussion in 'Modern Chinese Coins & Medallions' started by DailySilverStacker, Nov 10, 2014.

  1. DailySilverStacker

    DailySilverStacker New Member

    Joined:
    Oct 29, 2014
    Messages:
    31
    Likes Received:
    0
    Trophy Points:
    0
    What do you guys think about the new changes to the 2015 gold and silver Chinese Panda?

    The decision to remove the markings from the coin could prove to be a major mistake.

    [youtube]http://www.youtube.com/watch?v=JaE9MDoyZxY[/youtube]
     
  2. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Right now looks like a mistake. But who knows?
     
  3. darkclark

    darkclark New Member

    Joined:
    Sep 24, 2014
    Messages:
    231
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    melbourne
    yeah bit concerned, its been my favourite yearly issue but given its already well documented problems with counterfeiting I might be wary of buying many in case theres problems selling them later if I need to
     
  4. Danny-boy

    Danny-boy New Member

    Joined:
    Feb 17, 2014
    Messages:
    259
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    UK
    I don't really see the difference, the counterfeiters coins are identical(ish) at present, and they will be the same once they start making the 2015 coin.

    It's not as if the counterfeiters don't stamp the weight and fineness on them at the moment, so the risk of buying fakes will likely be exactly the same.
     
  5. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    580
    Trophy Points:
    113
    I'm aware of one bullion dealer who will be seeking a private ruling on these to determine their GST status in Australia. VERY interested in hearing the outcome and seeing the reason either way.
     
  6. Gatito Bandito

    Gatito Bandito Active Member

    Joined:
    Nov 8, 2014
    Messages:
    2,357
    Likes Received:
    20
    Trophy Points:
    38
    Location:
    US
    I hate it.

    Not that I usually buy many Pandas, anyway, but I'm going to boycott the 2015, as well as any subsequent years or countries which follow suit. Even if that means I end up missing out on some potential numismatic profit down the road. (Besides, plenty of other things to buy for that, instead.)

    Others may view that as a nice play, and gobble them up. And with enough people doing that, all of a sudden they become not-so-rare, after all.


    True, there are plenty of old coins that don't list either weight or composition on them -- but those were issued as currency to be used as such.

    The 2015 Pandas certainly don't fall under that category.


    I think it's a stupid move for them. If they wanted to do this for a non-Panda line, to sell alongside regular Pandas, that would be different.

    But they're not getting my money because of this. Like I said, plenty of other pieces to buy, instead.
     
  7. barsenault

    barsenault Well-Known Member

    Joined:
    May 26, 2013
    Messages:
    3,645
    Likes Received:
    291
    Trophy Points:
    83
    Location:
    United States
    i don't like the look anyway. i may buy a few for kicks, but not interested, especially with a mintage of 8 million. I know yennus will kick my arse for that comment, because after all there are a billion people in china clamoring for the 8 million oz's which will drive up premiums. :)))
     
  8. Justfishin

    Justfishin New Member

    Joined:
    Oct 28, 2011
    Messages:
    1,184
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canada
    I love pandas, doubt I'll buy any though. No fineness or weight? Too much headache.

    That being said, there is the talk of this being such a bomb that it could wind up being a key year........so ..???
     
  9. barsenault

    barsenault Well-Known Member

    Joined:
    May 26, 2013
    Messages:
    3,645
    Likes Received:
    291
    Trophy Points:
    83
    Location:
    United States
    Watch the opposite happen, because everyone thinks it will be a 'bomb...' And then they'll mint the next year, and everyone will think the same thing...but eventualy it will be a 'bomb.' :D
     
  10. Justfishin

    Justfishin New Member

    Joined:
    Oct 28, 2011
    Messages:
    1,184
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canada
    Think I'll just get bombed instead ;)
     
  11. barsenault

    barsenault Well-Known Member

    Joined:
    May 26, 2013
    Messages:
    3,645
    Likes Received:
    291
    Trophy Points:
    83
    Location:
    United States
    Be careful with the 'bomb' thing. That's a political hot potato around these parts. You may get lambasted by some on this board for being a sympathizer to us crazy americans. :D
     
  12. andrewlee10

    andrewlee10 Well-Known Member Silver Stacker

    Joined:
    Jan 6, 2014
    Messages:
    2,534
    Likes Received:
    204
    Trophy Points:
    63
    Location:
    Singapore
    I just buy and keep some in case it become a key date.
     
  13. csyip

    csyip Member

    Joined:
    Oct 14, 2014
    Messages:
    67
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Melbourne
    Same here, I am guessing this will be the only panda without weight and composition:p
     
  14. 1for1

    1for1 Well-Known Member

    Joined:
    May 3, 2011
    Messages:
    4,153
    Likes Received:
    219
    Trophy Points:
    63
    Location:
    NSW, Australia
    http://forums.silverstackers.com/forum-54-panda-forum.html

    FYI - there is a sub forum just for Pandas.. ideal place for this post.

    Even easier to fake now.. don't have to worry about repercussions about faking Yuan sign (which was a punishable offence).

    seems like a regression to me but i am definitely not the target market, thought it was to get away from westernised weight systems, why remove the fineness.. hope people vote with their pocket and send a strong signal we like our bullion assayed stamped.. else its just a coin (that no longer has a monetary value - so round, with no purity so medal? souvenir?)

    Buying something with a decent premium and crossing your fingers about some possibility of it being a 1yr type based on the fact its rubbish and unpopular seems non-nonsensical to me (but that matters not.. the 1937 crown was deeply unpopular and got pulled so there is precedent.. but the premiums are hardly worth hoarding them for 80 years.. but investment vessels.. and the past is no guarantee of the future.

    141
     
  15. Shippeevt

    Shippeevt Member

    Joined:
    Oct 12, 2014
    Messages:
    702
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Vermont USA
    Think I might get a couple... I doubt there value would go down. Do they still come in an air tight case?
     
  16. Silver Saver

    Silver Saver Member

    Joined:
    Apr 17, 2012
    Messages:
    55
    Likes Received:
    2
    Trophy Points:
    8
    Location:
    Singapore
    I will just buy a sheet and a few loose ones. :)
     
  17. Justfishin

    Justfishin New Member

    Joined:
    Oct 28, 2011
    Messages:
    1,184
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canada
    yes
     
  18. Gatito Bandito

    Gatito Bandito Active Member

    Joined:
    Nov 8, 2014
    Messages:
    2,357
    Likes Received:
    20
    Trophy Points:
    38
    Location:
    US
    Been thinking about this..


    Here's a wild idea: Suppose this is actually just a small step closer towards China having a (at least partially) precious metals-backed/-based currency at some point in the future, ala the Swiss, et al.?

    Might just be dipping their toe in the water.
     
  19. itrainsdogsandcats

    itrainsdogsandcats New Member

    Joined:
    Dec 28, 2013
    Messages:
    114
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Hong Kong
    I've already ordered 1/4oz, 1/10oz, 1/20oz 2015 gold panda and a sheet of 1oz 2015 silver panda in Hong Kong last week, wanna see them ASAP.
     
  20. andrewlee10

    andrewlee10 Well-Known Member Silver Stacker

    Joined:
    Jan 6, 2014
    Messages:
    2,534
    Likes Received:
    204
    Trophy Points:
    63
    Location:
    Singapore
    Hope to know the price for 5 oz silver soon.

    Dec my 5 oz 14 panda grading result will out.
     

Share This Page