http://www.ebay.com/itm/190587498629?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649 I thought I might stick my toe into the 1/20 pool, even though I have a couple 1/10s and would prefer to continue that collection. I thought the 1/20s would naturally be half the price, but they seem to be really hot. Besides the price I always look at the number of bidders and it seems a lot of people are bidding on the 1/20s, especially this one.
Yeah look at this one...a MS67...67! http://www.ebay.com/itm/320774446190?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649
True...but at the beginning of July- 1st of august when gold was 52 per gram, only 54 now, a lot of 1/20 coild be had for between 120-125. Now? No way. In fact it's the reason why I bought a couple 1/10s for 205, because of the premium. Before it was as you said; and additional premium that is common with all the production costs of 1/20s. But the prices now are much higher than those premiums which indicate to me, the 1/20s are pretty hot collectables now, much more so than only a couple months ago. Same for 1/10s. The auction prices reflect a higher price than just a $2 per gram bump in spot.
I've noticed the same trend at the coin shows around Chicago. For both loose and slabbed fractionals, whether AGE, Maple, Lunar, Kangaroo, Panda, etc., the 1/20 and 1/10 premiums moved up rapidly as gold was heading towards $1,900. Even with the decline back to the $1,600s the premiums have not reversed and the dealers I know have no intentions of reversing at this time because the demand is strong. At my local shop I was able to get a sealed 1985 1/20 panda for $90 over the weekend, however, although it took some haggling and purchasing more silver than I planned on.
Excellent deal! I know what ya mean as far as the dealers. If people will pay, they're only too happy to charge. I've done a good job of resisting thus far, buying more 1/10s or any 1/20s that is, because I really want to collect 1/4s. My collection won't complete as fast, but I like the lower premiums, both on pandas and regular bullion. I may never be in the market for 1/2s or wholes, but hey, 4 1/4s still add up to 1oz...right? LOL
The prices for the 1/20oz Pandas haven't come down since the $1900 Gold spike, in fact they went up when Gold spot tanked -_- I'm also buying 1/10oz & 1/4oz Pandas instead of 1/20oz for now
Thanks! I try to be a bargain shopper. It was the only gold panda they had and it had been sitting there for weeks. I have almost all 1/10s and only a few 1/20s because those are what I could afford at the time. The extra premium does suck, but at least I was able to get a little bit of diversification. Now that my core silver position is reached, I plan to focus my efforts on gold a bit more and will likely boost to the 1/4s finances permitting. You're right though, 1/2s are hard to swallow sometimes. I'm also trying to start a little bit of a dealer business with a friend, so the personal buying is going to have to be tapered back a bit. :/
The 1/20 oz. coins were written about as a good investment in July which might be connected to the increased demand. There are different factors that affect populations for each size of gold Panda. The 1/20 Pandas were ignored for a long time but there are good reasons for accumulating them while they can still be found. Best wishes, Peter Anthony http://www.pandacollector.com
Very tiny, and I most definitely cannot see the mint marks (Y/S) on my 1987 1/20oz Panda without squinting hard. But the design overall I can see usually Not sure if I can still see them by the age of 60 though
I've given up the idea of collecting 1/20s. It's not that they're too small, just the amount of money you have to pay for a gram & half of gold kills me.
My favourite would be 1/4 oz if I can't afford 1 oz, cost of the 1/4 oz would be the amount I can afford on a monthly basis plus the preimum is acceptable to me.
3oz per year is pretty damn nice! I really like the 1/4. The premium is reasonable and i can save for a couple month to buy one instead of 1 1/10 per month
