1990 Ms68 Panda

Discussion in 'Modern Chinese Coins & Medallions' started by Anlok, May 17, 2012.

  1. Anlok

    Anlok New Member

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    Hi, I'm new to this forum as well as a noob in coin collection.

    I need some advise on a 1990 Graded Ms68 that I have. I can't upload any photos (probably I'm too new in this forum) but I'll paste a link at the end of the post.

    I bought this piece about a year back for near to S$180 but I heard that value have dropped more than 50%. I thought that Pandas are quite spot resistance except for recent ones? Can anyone advise me on this? Thanx!

    https://www.facebook.com/media/set/...0685154.117747.426598034021062&type=3&theater
     
  2. greg8049

    greg8049 Active Member Silver Stacker

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    Hi welcome to the forum, if you are willing to sell for $90 i would oblige and buy it off you
    cheers Greg
     
  3. Anlok

    Anlok New Member

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    Thanx for the offer but I got no intention to sell at a loss for the moment. But I would like to know the reason for the drop in price.
     
  4. Catseye

    Catseye New Member

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    I don't know what the market for them was when ever you bought it but PandaStats shows the highest price as far back as 07/11 being less than that, did you over pay for it?

    Average Price: $101.71
    Highest Price: $162.5
    Lowest Price: $73.05
     
  5. Anlok

    Anlok New Member

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    Is the prices above in USD?
     
  6. fishball

    fishball New Member Silver Stacker

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    S$180 = ~$140 USD (using FX 1.2635 SGD/USD)

    So maybe he paid the highest price over the past year or two.

    Just because Panda is spot resistant doesn't mean that it is not affected by other factors such as market demand and supply :)
     
  7. Catseye

    Catseye New Member

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    Thanks fishball, I forget when conversing with Panda brothers that we live in different places.
     
  8. Anlok

    Anlok New Member

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    But is the demand for this particular year so bad? If spot is the factor affecting the value now.
     
  9. Lightsview

    Lightsview Member

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    With the falling prices, most people would also prefer to buy a MS69 rather than MS68.
     
  10. Anlok

    Anlok New Member

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    Makes sense but for prices to drop by 50% is quite disheartening :(
     
  11. silverybay

    silverybay New Member

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  12. Anlok

    Anlok New Member

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    Ebay is not really a good place to check. Asking price & actual market value is different. But I understand there's a place in ebay to check for those "Sold" items is it?
     
  13. silverybay

    silverybay New Member

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    Those are ACTUAL TRANSACTED price, not asking price. Did you click on the link I post? :rolleyes:
     
  14. Anlok

    Anlok New Member

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    I did. Only stated "0 bids" or "BIN". 0 bids obviously mean no takers right? What about BIN?
     
  15. silverfever

    silverfever New Member

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    If you look at all the listings carefully, it shows the going price of a Ms68 panda is around USD 70- 85.
     
  16. Anlok

    Anlok New Member

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    I was initially using my iPhone to view so can't see the link properly. But now I do. Thanks. But my question is still hanging in the air. What happen to the coin?
     
  17. silverybay

    silverybay New Member

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  18. Anlok

    Anlok New Member

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    Ok, So now I know... Hope I can just break even the cost someday.
     
  19. Lightsview

    Lightsview Member

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    Of course you can... just have to wait for silver prices to rebound :)
     
  20. shano73

    shano73 Member

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    Supply and demand Anlok, Supply and demand.........:)

    But also try to buy the best coin you can afford, whether that be MS68,69 or 70.
     

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