[PANDA HUNT] 1993 Copper Pandas and 2000 Mirrored Pandas

Discussion in 'Modern Chinese Coins & Medallions' started by yennus, Oct 27, 2011.

  1. yennus

    yennus Well-Known Member Silver Stacker

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    It was my last day hunting again in the wonderful city of Shanghai and was rewarded with two novelties:

    A few more Mirrored 2000 Pandas in absolutely pristine condition. I'm keen to send these off to NGC and see what grade they get (hopefully MS69 or MS70). But if you want them in OMP, they are available at $1500AUD each.
    [imgz=http://forums.silverstackers.com/uploads/675_2000obmirror.jpg][​IMG][/imgz][imgz=http://forums.silverstackers.com/uploads/675_2000remirror.jpg][​IMG][/imgz]

    I also picked up a handful of 1993 Copper Pandas that were in an unopened roll. These are the first of the Copper Pandas minted. I'm unsure of their population, but I think it could be as high as 2million. I'm not sure how well these will do in the future, but considering they aren't crazily priced, I'm hoping these will have lots of room to grow in price, especially as many have been circulated.

    [imgz=http://forums.silverstackers.com/uploads/675_cu1993ob.jpg][​IMG][/imgz][imgz=http://forums.silverstackers.com/uploads/675_cu1993re.jpg][​IMG][/imgz]
    [​IMG]

    These are likely to be sent to NGC too, but if you want to get some BU's in capsules, they are only $30AUD each (approx. 13g of copper). These are a pure speculative buy... they may crash to below their copper worth, or may grow above the current Panda profit curve. I'm obviously hoping that these too will do very well in the medium to long-term...

    I don't think it would take a lot for these copper Pandas to shoot to $40AUD next year, especially if the global Pandamonium keeps picking up steam.

    Here are a couple of internet listings selling the 1993 Copper Pandas:
    http://www.ebay.com/itm/CHINA-1993-COPPER-PANDA-5-YUAN-PROOFLIKE-BU-/250828585329
    http://www.ebay.ca/itm/1993-Copper-Panda-NGC-Graded-MS65RD-RARE-LAST-2-6-/230655171774
    http://www.moderncoinmart.com/cart1/product.php?productid=23636
     
  2. tamo42

    tamo42 New Member

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    I have one of the 93 copper pandas (got it graded to boot) as well. I figured why not since I got it for free with a 93 silver 1/2.

    They are really interesting. The mintage is super high, which is expected since it's copper I guess, but I wonder how many survive.

    Peter Anthony doesn't consider it a true panda because it doesn't have the temple of heaven on it.
     
  3. yennus

    yennus Well-Known Member Silver Stacker

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    Peter Anthony has a strong case :)

    The Temple of Heaven is critically important - and is a unifying symbol for both the Nationalists and Communists alike! :)

    By the way, what did your copper Panda get graded as? I haven't seen a 1993 Copper Panda above MS65.

    Thanks.
     
  4. tamo42

    tamo42 New Member

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    I got a MS 67. There's only one higher at MS 68.
     
  5. tamo42

    tamo42 New Member

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    And I dunno, maybe the temple makes it a super-official panda, but there are other panda medals that don't have the temple.
     
  6. yennus

    yennus Well-Known Member Silver Stacker

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    Wow! Only one MS68! I think I'm going to have to hunt for more of these coppers! :)

    Surely there must be a MS70 somewhere out there :)
     
  7. tamo42

    tamo42 New Member

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    Could be! If you find one, I'll trade you ;)
     
  8. yennus

    yennus Well-Known Member Silver Stacker

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  9. tamo42

    tamo42 New Member

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    That's the problem with being a dealer, you end up regretting everything you sell. That guy will be kicking himself in 5 years.

    That's why I have my relative rarity rule
     
  10. yennus

    yennus Well-Known Member Silver Stacker

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    I suppose that means I'll need to find at least TWO MS70 coppers now :)
     
  11. tamo42

    tamo42 New Member

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    Now you're talking!
     
  12. Anthony

    Anthony New Member

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    I have seen on eBay the coppers graded with both RB (red brown) and RD (red) too.

    Is RD worth more?
     
  13. mrslick32

    mrslick32 New Member

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    Yennus, great catch with the 2000 mirror! I was lucky to have mine graded MS69. I was even happier when my 1991 silver panda (small date) got an MS70 grade from the same batch as my MS69 mirror! :)

    If your copper coins came from an unopened roll, there might be a chance that they will grade higher. If so, that will give them grade rarity, which will add value to those coins.
     
  14. Anthony

    Anthony New Member

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    Yennus - Can you some coppers along on Sunday? I would like to have a look :)
     
  15. yennus

    yennus Well-Known Member Silver Stacker

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    Yuppers, bringing it all on Sunday :)
     

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