Discussion in 'Modern Chinese Coins & Medallions' started by pushingtin, Aug 9, 2011.
With the 2011 panda dont follow much the spot.
I think the 2012 is equal
I'm going to wait for what I consider more reasonable pricing, like the 2011,<$60 for MS69. The mintage of the 2012 is suppose to be 8 million, which is more than 5X the 2011 silver panda, so I don't expect a sell out any time soon.
I have recently seen two different shops selling 2011 NGC MS69 for $55 & $60 and they just sold out.
My understanding about the Early Release label is that it represents the coins sent in for grading first, and has nothing to do with when the coins were actually minted, or how fresh the dies were that did the stamping.Thus, the ER label does not equate with the quality of the coin, it's just something extra stamped on the label. The value of ER may not be worth the paper it's printed on
Yes the new ones 2001 to 2011 are more cheap buy ngc69 than capsule and later grade it
But you miss to hit the 70
Im buy the 2012 in capsule to save in capsule
When i saw graded cheap i will buy 69 and 70
I thought 2011 was 6mil mintage?
Yes 2011 6 millions
2012 8 millions
ER is coins received by NGC within 30 days of being released by the mint.
I agree with others ... no reason to put in "pre-orders" on graded 2012 pandas, they will be plentiful.
Provident Metals is taking orders and advertising a shipping date of March 16.
Spots gone up should be no reason not to release them
You received both immediate gratification and quite possibly a better quality coin from your local dealer.
Looks like fakes/imitations are already starting to surface.
The "1 oz. .999 au" signage is missing from the bottom of the coin. 0 feedback seller. Looks suspicious straight out of the gate.
I see that Gainesville is taking pre-orders now with shipping on 3/23/12. Apmex is too but their ship date is 3/30/12. GC has Apmex blown out by about US$1.00 or so on 600 (which i hope is a monster box). $43.80 at GC for 600. what do yall think? thanks, ElSyd
Maggies Corner $43.25ea
The silver Pandas are definitely released. I saw them yesterday. Nice looking, well struck coins. There should be a lot of 70s in the lot.
Finally see some 2012 Pandas for sale
Bit too expensive at the moment, not sure whether I will get any of these as I think the 2012's with such a huge mintage may be more of a bullion investment rather than a numismatic one.
Talk to Maggie bud, she can get them for you at a reasonable price.
Panda have always been a bullion investment to a certain extent, although with a hedge.
(I'll keep the math simple) IF you can buy a current year Ag Panda for $45 with SPOT @ $30.
Then the premium can be calcualted two different ways.
%SPOT = 50%
SPOT + = $15
This would compare to purchasing a Panda in 1995 @ $7.50 - $20 (SPOT @ $5)
So the price of Pandas relative to bullion has not changed significantly.
What has changed are the mintage numbers.
So, to compensate, just be more selective and seek higher grades for the recent years.
But back to the hedge.
OPT1 (SPOT UP): If the price of silver reaches $50, you have recouped the $$ (although the buying power of said dollar may have changed).
OPT2 (SPOT DOWN): If the price of silver drops to $15 (hypothetical please!), you could probaly still get SPOT + $15 for a Panda. Thus a $30 sale could be converted to two ounces of bullion. Whereas the origainal $50 purchase would have only equalled 1.6 oz Ag.
IMO the Chinese must think that bullion is undervalued (meaning the $$ is overvalued). This is consitant with the common US claim that PRC is undervaluing the Yuan. Thus there may be even more power to the hedge bet.
Check the comparable prices for ASE. You may be just as well to buy silver rounds. Of course if you want to make a harder numi bet, there are always the Lunars.
The Chinese doesn't care what the paper price is, the only pandas that follow spot are the coins exported through China Great Wall Coins Investments Ltd in Hong Kong.
For some years it turned out to be a pretty big hedge. For instance (and this is a good one) the new release price of a silver 2000 Panda was about $10 (US). Today it's worth around $400. So silver has gone up by 6-7X while that year's Panda is up 40X. The difference for most other dates is not as dramatic, but still favors the Pandas.
PandaAmerica is selling them for $49 each!
IMO if you believe in silver then the 2012 bear is a better investment than rounds, 49.00 is crazy, that is the price for folks that want a couple ASAP ,if I am wanting to buy a box and stick them away for a while ,i think the market settles in at 6.50/7.50 over spot ,maybe less, you need to consider that huge mintage number, all the experts have the numbers on the top of their heads ,but we went from 600,000 in 2009 to 6 mil ??? in 2012........, i think you see these being sold on e bay for 42.00 in 8 weeks
Separate names with a comma.