[News] 1990 1oz Silver Panda goes for $5200USD

Discussion in 'Modern Chinese Coins & Medallions' started by yennus, Jul 15, 2011.

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  1. yennus

    yennus Well-Known Member Silver Stacker

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    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=110710160800+&clk_rvr_id=247830840287

    The following excerpt taken from http://www.livebusinesschat.com/smf/index.php?topic=4659.0

    ...Does that mean $5200 was too much to pay for that coin today? This is where it gets interesting - the answer is "No". That was not too much to pay simply because it's one of those coins that are worth overpaying for. The best investments coins cost whatever the owner asks for them! This is why you need to buy the best of the best, if you can. That coin may have struggled to get $500 at auction only 1 or 2 years ago. Now, we know there's some crazy fool out there that's making tons of money by ignoring everyone's opinion that the coin cost to much.

    I have never regretted "overpaying" for a rare coin. Even in a slowdown, the best coins are still setting record prices. Those are the kinds of coins you want to own. When it comes time to sell, as long as you have the patience to wait for the right buyer, you will get your price....
     
    yennus, Jul 15, 2011
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  2. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    damn thats high... there's a chinese 1oz gold year of the mouse currently bidded up to $15000. but $5200 is a high pricee. Will have a look at the link.
    This coin was MS70, exact same coin but MS69 for $289... what a difference being the only MS70 makes
     
    LovingtheSilver, Jul 15, 2011
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  3. Ouch

    Ouch Active Member

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    PHWOARRRRRRRR bargain!
     
    Ouch, Jul 15, 2011
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  4. goldpelican

    goldpelican Administrator Staff Member

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    Important thing to note about this coin is the MS70 grading - that just does crazy stuff to the price if the graded population is low.

    Makes an excellent point though... if you're going to buy graded coins for investment, buy the absolutely highest grade you can afford - fairly sure I've seen a graph before demonstrating that average returns on graded coins are parabolic as you go up the higher grades.
     
    goldpelican, Jul 16, 2011
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  5. yennus

    yennus Well-Known Member Silver Stacker

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    Yeah, the MS70 takes the coin from bullion status to "Oh WOW! I really really NEED that!" :)

    I wish we could get coins easily graded from Australia... I could hopefully turn all my BU into MS65 through to MS70 :)
     
    yennus, Jul 16, 2011
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  6. au_ag_miner

    au_ag_miner Member

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    If budget is not a problem, I would say this is the price to pay for the one and only MS70 coin. The flip side would be when the Chinese market comes to its knees (due to easy loan), the entire Chinese coin prices would shift downwards. However, it is unknown to me whether we have reached the peak now. According to big-time collectors, the peak is still far. But I do wonder if they say that because they want people to take the coins from them at this price.
     
    au_ag_miner, Jul 16, 2011
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  7. yennus

    yennus Well-Known Member Silver Stacker

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    Here's an interesting article on "How high will the Chinese coin market go?" by Badon. I tend to agree with his sentiments that:

    "..I estimate that the entire Chinese coin market is only valued at around $100 million right now. China is a much larger country than the USA, and it will soon have much more money than the USA too, but I'll be conservative. Let's guess that China's coin market will almost match America's within the next 10 to 30 years, and become valued at $10 billion. For that to happen, coin values would have to increase an average of 100 times, or 10,000%..."

    "...We're nowhere near a bubble. In fact, this market is just barely getting started..."

    http://www.livebusinesschat.com/smf/index.php?topic=2508.0
     
    yennus, Jul 16, 2011
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  8. au_ag_miner

    au_ag_miner Member

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    I could be wrong but I do not agree that because China is a bigger country hence the coin market will be bigger than USA. Chinese are very different from westerners in terms of culture and mindset. Mostly are opportunists. They would chase up the coin price at all costs and hope to make a quick profit out of it. If you come across an incident whereby a Chinese youth sold his kidney so that he could use the money to buy himself an iPad2, you will know where I'm coming from.
     
    au_ag_miner, Jul 16, 2011
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  9. projack

    projack Well-Known Member Silver Stacker

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    I have a regular ungraded 1990 spare panda if someone is interested.
     
    projack, Jul 16, 2011
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  10. radiobirdman

    radiobirdman Active Member Silver Stacker

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    $36.88
     
    radiobirdman, Jul 16, 2011
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  11. au_ag_miner

    au_ag_miner Member

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    Such, is the future of panda in Australia ... LOL ...
     
    au_ag_miner, Jul 16, 2011
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  12. projack

    projack Well-Known Member Silver Stacker

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    Sold
     
    projack, Jul 16, 2011
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  13. yennus

    yennus Well-Known Member Silver Stacker

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    PFOAR! Did I just miss that!? How much did it really go for? Any more?
     
    yennus, Jul 16, 2011
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  14. projack

    projack Well-Known Member Silver Stacker

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    It was very cheap for $100. Large date

    I also have a 2005 for $82 posted with registeresd mail
     
    projack, Jul 16, 2011
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  15. yennus

    yennus Well-Known Member Silver Stacker

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    Those prices are BARGAINS!! Thanks for sharing them Projack! :)

    You should run an auction on them... see what you can get :)

    All in their original packaging still?
     
    yennus, Jul 16, 2011
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  16. projack

    projack Well-Known Member Silver Stacker

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    In the original capsule, but no double seal
     
    projack, Jul 16, 2011
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  17. Pandacollector

    Pandacollector Active Member

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    Whoever bought this coin for $5,200 is betting a lot of money that a second 1990 MS-70 doesn't turn up. I am not sure that is a wise wager; NGC is being inundated with silver Pandas to be graded.

    Best wishes,
    Peter Anthony
    http://www.pandacollector.com
     
    Pandacollector, Jul 18, 2011
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  18. projack

    projack Well-Known Member Silver Stacker

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    The 2005 also sold
     
    projack, Jul 18, 2011
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  19. Dynoman

    Dynoman Active Member

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    Original boxes & COA for the proof Silver Panda are just as hard to come by. I got lucky two years back, scored the rarest proof 1ozt silver versions complete with original boxes & COA. I think they represent a comfortable retirement in years to come.
     
    Dynoman, Jul 18, 2011
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  20. projack

    projack Well-Known Member Silver Stacker

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    I bought all the 1999 Y2K privy pandas (mintage 10,000) on stock last year from Euro Collections last year for $45 each when I saw them selling on German eBay for 300 euros. Still have 2 of them.
     
    projack, Jul 18, 2011
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