Copper spotted pandas...

Discussion in 'Modern Chinese Coins & Medallions' started by thehuckler, Jul 19, 2011.

  1. thehuckler

    thehuckler New Member

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    Hey guys,

    Boring thread I know but I don't really know much about how copper spots (toning) affects coin value, specifically in the case of pandas.

    Would you buy?

    Not buy?

    Opinions?

    Facts?

    Any help appreciated.
     
  2. yennus

    yennus Well-Known Member Silver Stacker

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    Hey there,

    yeah, I've come across a lot of these. I have owned quite a few of these red-spotted Pandas.

    It doesn't affect the bullion value of the coin in any way, but it does affect its numismatic value in the West.

    In China red-spotted Pandas are bought and sold at the same price.

    If I can avoid red-spotted Pandas I do - but if you're buying Pandas for bullion value alone, then it doesn't really matter.
     
  3. Dwayne

    Dwayne New Member

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    Given that panda prices seem to always be substantially above spot and prices for bullion coins in general, who would be buying pandas for their bullion value alone?
     
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Gold or silver coins? Question is not @ you dwayne.
     
  5. yennus

    yennus Well-Known Member Silver Stacker

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    Yeah, it's kinda like milk spots on Maples, except instead of being white, they appear red/orange.

    It can happen to any gold coin apparently. It's the 0.001% that changes color when exposed to the air.
     
  6. yennus

    yennus Well-Known Member Silver Stacker

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    Hi Dwayne, Pandas are primarily sold as bullion coins in China... it's only as they get older do they appreciate in value.

    If you look at the prices of 2011 gold Pandas, these are comparable to Roos.
     
  7. thehuckler

    thehuckler New Member

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    I haven't seen a 1984 coin without them so far.

    Perhaps the earlier mintages are more susceptible?

    Maybe someone can comment on this?

    -=-

    I'll post a picture of my 1984 1/20th, it's riddled.

    -=-

    I'm happy to hear yennus saying it doesn't affect purchase price in the East.

    Even so, I've been very reluctant to buy any more toned coins.

    Don't like my girls having acne scars!
     
  8. SilverMark

    SilverMark Member

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    How are they at all the same? The milk spots on maples are apparently a residue left on the surface - not an impurity in the metal like what you are saying for these red spots.
     
  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Residual amount of copper on the coin's surface that oxidises.

    The answer to that question is in Peter Anthony's "Gold and Silver Panda Coin Buyer's Guide" - I think you've ordered one from dear old Maggie haven't you?
     
  10. yennus

    yennus Well-Known Member Silver Stacker

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    Thanks mmm....shiney - a source of good info :)

    By the way, in China, they often regard the red spots as a sign that the coin is real gold.
     

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