First, we need to establish what we mean by the term 'outperform'. In the short, mid and long term, given a mintage of 300,000 vs 6,000,000, key date of the series vs an ordinary issue, I would see 2012 Dragon costing more than a 2011 or 2012 Panda. Does it mean Dragon has outperformed Panda? We would then have to look at what is the buy price of the collector. Did he pay $50 for Panda and then it moved up to $60? And he paid $200 for Dragon and it came down to $150 when the dust settle. Does this scenario mean Panda outperformed Dragon?