2016 30g panda silver coin seems cooking up

Discussion in 'Modern Chinese Coins & Medallions' started by picturefun, Mar 2, 2016.

  1. picturefun

    picturefun Member

    Joined:
    Oct 5, 2011
    Messages:
    593
    Likes Received:
    1
    Trophy Points:
    18
    I bought 2 from Providentmetals last Friday for $28.23 each, today, they are selling for $40 each. APMEX price is a little cheaper, still $37.5. Quite a jump in a couple of days. might be a Short term supply issue. Dealers either out of stock, or raise the price by a big margin
     
  2. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,940
    Likes Received:
    435
    Trophy Points:
    83
    Impossible to restock on these at the moment. Blink and they're gone.
     
  3. barsenault

    barsenault Well-Known Member

    Joined:
    May 26, 2013
    Messages:
    3,658
    Likes Received:
    295
    Trophy Points:
    83
    Location:
    United States
    Wow, that's nuts. There are still a couple of companies that are under 25.00. Surely 8 million aren't close to being sold out already?
     
  4. Justfishin

    Justfishin New Member

    Joined:
    Oct 28, 2011
    Messages:
    1,184
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canada
    Reportedly only 640,000 were marked for export--and that is IF they mint the full 8 million--which doesnt sound like they are........mine are sleeping nicely in their vacuum sealed slumber :D
     
  5. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,259
    Likes Received:
    56
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Price rise seems rather artificial.
     
  6. Justfishin

    Justfishin New Member

    Joined:
    Oct 28, 2011
    Messages:
    1,184
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canada
    supply and demand---no supply = higher prices
     
  7. barsenault

    barsenault Well-Known Member

    Joined:
    May 26, 2013
    Messages:
    3,658
    Likes Received:
    295
    Trophy Points:
    83
    Location:
    United States
    If only 640,000 for export, then makes sense why the sudden increase in price. And that's 640,000 for the world outside of China! I'm sure in time the other suppliers will increase prices too. Although, if this is being artificially held down, then I imagine prices will come back down.
     
  8. Gatito Bandito

    Gatito Bandito Active Member

    Joined:
    Nov 8, 2014
    Messages:
    2,373
    Likes Received:
    20
    Trophy Points:
    38
    Location:
    US
  9. ParanoidAndroid

    ParanoidAndroid Well-Known Member

    Joined:
    Dec 2, 2015
    Messages:
    862
    Likes Received:
    477
    Trophy Points:
    63
    Location:
    S.E.Q
    Which companies have still have these for under $25?
     
  10. MDAMDA

    MDAMDA New Member

    Joined:
    Jul 9, 2014
    Messages:
    88
    Likes Received:
    0
    Trophy Points:
    0
    Very easy to get them here in Germany for around 21 Euros (23.10 USD)
     
  11. ninteno

    ninteno Member

    Joined:
    Mar 25, 2011
    Messages:
    648
    Likes Received:
    9
    Trophy Points:
    18
    Location:
    Germany
    Expect that it will end soon with german lowest international price if supply will not become better within the next days. Germany has a very good distribution network for china coins and nearly all dealers have stock, but in 2016 a lot of things have changed from china amd their distribution.
    Maybe Peter Anthony can write something about it here on silverstackers.
     
  12. ninteno

    ninteno Member

    Joined:
    Mar 25, 2011
    Messages:
    648
    Likes Received:
    9
    Trophy Points:
    18
    Location:
    Germany
  13. ParanoidAndroid

    ParanoidAndroid Well-Known Member

    Joined:
    Dec 2, 2015
    Messages:
    862
    Likes Received:
    477
    Trophy Points:
    63
    Location:
    S.E.Q
    Can you refer one that ships internationally?

    Thanks in advance.
     
  14. MDAMDA

    MDAMDA New Member

    Joined:
    Jul 9, 2014
    Messages:
    88
    Likes Received:
    0
    Trophy Points:
    0
  15. ParanoidAndroid

    ParanoidAndroid Well-Known Member

    Joined:
    Dec 2, 2015
    Messages:
    862
    Likes Received:
    477
    Trophy Points:
    63
    Location:
    S.E.Q
    Do you have a website you sell from?
     
  16. Bosse68

    Bosse68 Active Member Silver Stacker

    Joined:
    Mar 26, 2014
    Messages:
    806
    Likes Received:
    132
    Trophy Points:
    43
    Location:
    Sweden
  17. ninteno

    ninteno Member

    Joined:
    Mar 25, 2011
    Messages:
    648
    Likes Received:
    9
    Trophy Points:
    18
    Location:
    Germany
    You killed their server - PrestaShop 503 Overloaded :D

    Edit : i get access to their webside if i use a proxy in netherlands
    Not want to order only watchwhats going on.
    Be careful as you can put in unlimited coins without doublechecking the existing stock
     
  18. milkyspot

    milkyspot Member

    Joined:
    Jan 10, 2015
    Messages:
    161
    Likes Received:
    11
    Trophy Points:
    18
    Location:
    milky way
    I sell too, shipping from Europe.
    Write me a pm for enquiries.:)

    US-Dollar account existing if it helps.:cool:
     
  19. milkyspot

    milkyspot Member

    Joined:
    Jan 10, 2015
    Messages:
    161
    Likes Received:
    11
    Trophy Points:
    18
    Location:
    milky way
    Did some fast picture to proof I am in stock :lol:

    [​IMG]
    Source: Milkyspot
     
  20. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,259
    Likes Received:
    56
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Question is, what is your best price? Best I've seen so far was 20 USD.
     

Share This Page