Q> If I had approx $10k for Pandas, what would you think would give me the best potential for the next 6-18months. Take care and keep up the good work. A> Thanks heaps for your question. The following is my mere humble opinion, which may work out to be very profitable, or downright depressingly bad... so I think it is very good idea to get a few opinions (especially from people like Panda Collector, Tamo42 and Comeaux who have a greater amount of experience with Pandas). - Panda Collector writes the Pricepedia and Panda Buyers Book - Tamo42 writes one of the premiere frequent Panda lists for LBC. - Comeaux has the Comeaux Panda Collection... amazing. The safest play with $10K, for a 6-18month time frame (imho), would be to buy bulk 2011 Pandas. Here is why: 1. Spot silver is likely to appreciate above its current price (taking the 2011 Pandas with them). 2. 2012 Pandas are likely to be released in Jan/Feb next year, which should automatically appreciate the price of the 2011 Pandas. 3. Demand for 2011 Pandas is still going strong worldwide. Many dealers are out of stock, and considering that 4 Monster boxes sold within a few days on Silverstackers, this shows the demand for these bears is very strong. The mintage of these bears have been increased to 6million; so while this may reduce its numismatic price in the mid-long term, it is a good indicator of strong demand. [imgz=http://forums.silverstackers.com/uploads/675_img_0196s.jpg][/imgz][imgz=http://forums.silverstackers.com/uploads/675_img_0195s.jpg][/imgz] I don't think you can really lose with this strategy (but please forgive me if I am wrong). The returns should be better than spot, if only because of the introduction of the 2012 series. If this was my money, I would want higher returns, and would play it like this: 1. Get one 1oz 2000 Mirror Panda BU. The demand for these is usually always strong, because the best Panda silver sets will depend on this coin. The first preference to many Panda silver sets is the much famed 1oz 2000 Mirror Panda. Plus, with a time frame of 6-18months, there isn't an urgent rush to sell, so you should be able to get a decent price. I would go for a good quality original mint packaged bear, one that had no obvious flaws, and hopefully get it graded MS68, MS69, or above. But even if it got graded less, it's not a huge loss, since this is a key Panda to any present and future Panda collectors. Price approx. $1500AUD. [imgz=http://forums.silverstackers.com/uploads/675_2000ob.jpeg][/imgz][imgz=http://forums.silverstackers.com/uploads/675_2000re.jpeg][/imgz] 2. Get one 1oz 1995 Micro Date, Small Twig BU. This is principally following the same line of thought as above, but even rarer. Price approx. $1500AUD. [imgz=http://forums.silverstackers.com/uploads/675_1995ob.jpeg][/imgz][imgz=http://forums.silverstackers.com/uploads/675_1995remd.jpg][/imgz] 3. With the remaining funds: a) Go all out on the 2011 1oz Panda BU. This a relatively safe play. OR b) Get a complete BU set of 1989-2011 Pandas, and then use the remaining funds for 2011 1oz Panda BU. Then at your leisure, split the set for a profit. It is usually easier to make a 10% profit on a $100 coin, than it is to make a 10% profit on a $40 coin (in my view). Lower priced coins are often seen as a commodity, higher priced coins are often seen as a collectible. This requires a bit more work and patience though. But with so many people collecting Pandas, it is often the case that people won't mind paying a little bit extra to complete their sets (I know I do). E.g. I don't mind paying $159.50 (current price $145) for a really good quality 2002 Panda. But I'm unlikely to pay $45.65 (current price $41.50) for a standard 1oz 2011 Panda. Price for a complete set approx. $4000 [imgz=http://forums.silverstackers.com/uploads/675_1990buf.jpeg][/imgz][imgz=http://forums.silverstackers.com/uploads/675_1989buf.jpg][/imgz][imgz=http://forums.silverstackers.com/uploads/675_img_0742.jpeg][/imgz][imgz=http://forums.silverstackers.com/uploads/675_img_0736.jpeg][/imgz] I like the aggressive play for a couple of reasons: 1. If spot drops in 6-18months, my 2000 Mirror and 1995 Micro Date, Small Twig, are for a good measure immune to the drop. So I don't lose, and if sell them, I can use the profits to get more ounces (if desired). If spot rises in 6-18months, then so do my 2000 Mirror and 1995 MD ST Pandas. 2. Unless worldwide popularity for Pandas diminishes, I can set the price for the 2000 Mirror and 1995 Micro Date, Small Twig... because there really are not many of these out there. So I can take my time and sell at my desired price. 3. If spot jumps in 6-18months, my 1oz 2011 Pandas are stacked to take advantage of that. 4. If Pandas start selling out like crazy, or one particular coin is all of a sudden in huge demand, at least I have a set ready to profit from. 5. It is satisfying to have a completed 1oz Silver Panda set. 6. I have the option of grading some or all of the older Pandas. 7. If the SHTF without notice, I got 2011 1oz Silver Pandas for guns, ammo, tinned food, etc - plus the 2000 Mirror and 1995 MD, ST for when the dust settles. I hope this helps, yennus.