Silver Panda Medal Sells for $32,000

Discussion in 'Silver Coins' started by Pandacollector, Jan 9, 2011.

  1. Pandacollector

    Pandacollector Active Member

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  2. Matthew 26:14

    Matthew 26:14 New Member

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    Just because it says "sold" on ebay doesnt actually mean the transaction will take place. I've had people "buy" coins off me but not pay however ebay still records it as "sold" when you do a search.

    In a limited edition coin run, just "sell" a few coins to a phony account or two to give the impression of a fake market price in the hope someone will see these "sold" prices and actually pay for one at those levels.
     
  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere

    Anybody remember the XY GTHO'S a few years ago setting record prices like $750,000 on feebay
    2 guy's playing around on feebay driving the price up.NO vehicles actually swapped hands.
    Than advertised in magazines for the same money
    Until these 2 people started the game, genuine cars were going for about $100.00-$150,00 with race history $250,000-$300,000
    :eek:
     
  4. Pandacollector

    Pandacollector Active Member

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    I'll write to the seller and see what I can confirm. I made a mistake on the stated mintage of the kilo, though it's actually 99. The price is not out of line with the rarity and the previous confirmed sale of the 1997 12 oz. medal (mintage 250) for $14,000. It's also in keeping with the way prices for rare Panda material have jumped in the last six months and that's not based solely on eBay. Many of the high prices are from public auctions.

    Best wishes,
    Peter Anthony
    http://www.pandacollector.com/pricepedia.html
     
  5. Matthew 26:14

    Matthew 26:14 New Member

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    Not saying that this wasn't an actual sale, just saying that one needs to be aware that the ebay "sale" price can be manipulated.
     
  6. Pandacollector

    Pandacollector Active Member

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    Well, so far I've learned the seller is a real coin dealer who specializes in world coins and has been selling on eBay since 2002. The last one of these medals to be sold publicly was last May and there's a gap of a couple of years before that one. I've heard from a German collector that lately some major Chinese buyers have set up shop in Germany to buy up whatever Chinese coins they can find. My guess is that this has something to do with the price this medal brought.

    Anyway, if I hear anything else about the sale I'll pass it on.

    Best wishes,
    Peter Anthony
    http://www.pandacollector.com/pricepedia.html
     
  7. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Chinese have been buying up their coins for a while now, bumping up prices... mainly for lower mintage coins such as 12oz Unicorns, 20oz dragon and phoenix and others like that
     
  8. Pandacollector

    Pandacollector Active Member

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  9. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Someone was Ping Pong Pang lung fung fu chow wung tu numbers on this baby.

    And I hope the AHHHHHH was louder than the upper words.

    No way this. got scam on it.
     
  10. Pandacollector

    Pandacollector Active Member

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    If you don't believe that one, maybe you would be interested in this 1994 China-Singapore Friendship 5 oz. silver coin for just $27,820? http://item.taobao.com/item.htm?id=6053166321

    Or perhaps this itsy-bitsy 1/20 oz. platinum 1993 Panda for $2,500? http://item.taobao.com/item.htm?id=1974672373

    Anyone who hasn't been watching will be amazed at the prices many Chinese coins now bring and no need for scams (not that they don't exist). I get emails from around the world from collectors who went into their local coin shop and discovered a valuable Chinese coin or two that they bought for a fraction of its worth because the store owner failed to recognize its value today.

    Best wishes,
    Peter Anthony
    http://www.pandacollector.com
     
  11. lionfishcoin

    lionfishcoin Member

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    +1
     
  12. Dynoman

    Dynoman Active Member

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    Anyone sitting on a nice stack of Silver Pandas should be laughing right now: hehehe hahaha !
     

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