What premium for a monster box of pandas?

Discussion in 'Modern Chinese Coins & Medallions' started by goldpelican, Dec 30, 2011.

Page 1 of 2
  1. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    Got a mate in Hong Kong looking to buy a monster box of pandas - what premium could one normally expect to pay over spot for a monster box? He's been quoted 40% over spot for 2012s.
     
    goldpelican, Dec 30, 2011
    #1
  2. Maggie

    Maggie New Member Silver Stacker

    Joined:
    Feb 9, 2011
    Messages:
    6,314
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    R.I.P
    PM sent
     
    Maggie, Dec 30, 2011
    #2
  3. dollars

    dollars Active Member Silver Stacker

    Joined:
    Aug 31, 2010
    Messages:
    909
    Likes Received:
    174
    Trophy Points:
    43
    Location:
    Western Australia
    .
     
    dollars, Dec 30, 2011
    #3
  4. yennus

    yennus Well-Known Member Silver Stacker

    Joined:
    Oct 24, 2010
    Messages:
    4,762
    Likes Received:
    91
    Trophy Points:
    48
    Location:
    Shanghai:Sydney
    I've been waiting a long time for these 2012s... :)
     
    yennus, Dec 30, 2011
    #4
  5. fishball

    fishball New Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    6,509
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Shin Sekai Yori
    40% feels a bit excessive to me.

    I'd say around 20-25%?
     
    fishball, Dec 30, 2011
    #5
  6. yennus

    yennus Well-Known Member Silver Stacker

    Joined:
    Oct 24, 2010
    Messages:
    4,762
    Likes Received:
    91
    Trophy Points:
    48
    Location:
    Shanghai:Sydney
    I reckon 20-25% too... but we will soon find out in a couple of days/weeks :)
     
    yennus, Dec 30, 2011
    #6
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,671
    Likes Received:
    4,434
    Trophy Points:
    113
    2012 years to be precise?
     
    mmm....shiney!, Dec 30, 2011
    #7
  8. yennus

    yennus Well-Known Member Silver Stacker

    Joined:
    Oct 24, 2010
    Messages:
    4,762
    Likes Received:
    91
    Trophy Points:
    48
    Location:
    Shanghai:Sydney
    Hahaha... more like a couple of months...

    I was hoping for a November release... then a December release... and now... January :)
     
    yennus, Dec 30, 2011
    #8
  9. Mi lao shu

    Mi lao shu Member

    Joined:
    Jan 14, 2011
    Messages:
    140
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    China
    I will not be so optimistic, 25 % in this case this will mean that price will be around 220rmb, what is great price, but today CGC price for 2011 1 oz silver monster box ( 30pcs set ) is 290rmb pcs, and they were buying for 260rmb pcs, what is more than 40% premium on spot.
     
    Mi lao shu, Dec 30, 2011
    #9
  10. Austacker

    Austacker Active Member

    Joined:
    Feb 26, 2010
    Messages:
    2,830
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    The Wild West
    I feel the pain, then I see specials now that are $100's of dollars cheaper than the ones that I am waiting on. I know it could have gone the other way as well, but it is frustrating.
     
    Austacker, Dec 30, 2011
    #10
  11. fishball

    fishball New Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    6,509
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Shin Sekai Yori
    But buying Pandas in China has always been expensive due to tax...

    Nobody should be sourcing monster boxes of latest Pandas from China if they are thinking about $$$.
     
    fishball, Dec 30, 2011
    #11
  12. yennus

    yennus Well-Known Member Silver Stacker

    Joined:
    Oct 24, 2010
    Messages:
    4,762
    Likes Received:
    91
    Trophy Points:
    48
    Location:
    Shanghai:Sydney
    +1 Fishball.

    China is good for the rare Pandas...
    The West/rest is good for the newer Pandas...

    Some Chinese people fly over to the West to buy Pandas (silver and gold), and return them to China for a profit. I would like to be in this club... but alas, not within my reach just yet.
     
    yennus, Dec 30, 2011
    #12
  13. HustliN

    HustliN New Member

    Joined:
    Aug 9, 2011
    Messages:
    138
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Vancouver, Canada

    +1
     
    HustliN, Dec 30, 2011
    #13
  14. Mi lao shu

    Mi lao shu Member

    Joined:
    Jan 14, 2011
    Messages:
    140
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    China
    I agree, i was referring about price in HK who dont have good offer of Silver coins due lack of interest for silver, but also in this kind of transaction u need to care about exchange rate and shipping fee, there is no tax between USA and HK as i know for bullion coins as i know.
     
    Mi lao shu, Dec 30, 2011
    #14
  15. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    How is $38.40 AUD per coin for a 2011 (not 2012) monster box? Still 41% over spot, but are 2011s. This is over the counter for physical possession in Hong Kong.
     
    goldpelican, Dec 31, 2011
    #15
  16. fishball

    fishball New Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    6,509
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Shin Sekai Yori
    Seems ok, individual 2011s can sell for above $45 relatively easily right now.

    I think it'd be hard to find any monster boxes out there at a lower price.
     
    fishball, Dec 31, 2011
    #16
  17. Marcusboy

    Marcusboy New Member

    Joined:
    Oct 29, 2011
    Messages:
    65
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Hong Kong
    $38.50 is a very good price. The best I have seen for a 2011 in Hong Kong is $41.20 and if you buy a tray of 30. Individually it's being sold at about $43.80. What may I ask is this shop with such attractive prices? Or could it be a year-end sale of some sort?
     
    Marcusboy, Dec 31, 2011
    #17
  18. yennus

    yennus Well-Known Member Silver Stacker

    Joined:
    Oct 24, 2010
    Messages:
    4,762
    Likes Received:
    91
    Trophy Points:
    48
    Location:
    Shanghai:Sydney
    I wish I could buy the 2011s at $38.50! :)

    I would quickly go to HK to get these if it is true.

    I'm pretty sure I could then sell them in the Mainland for a quick profit! :)
     
    yennus, Dec 31, 2011
    #18
  19. jc888888888

    jc888888888 New Member Silver Stacker

    Joined:
    Dec 12, 2011
    Messages:
    1,399
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    usa
    It looks like about $7.50 over spot here in the US, nobody has them but dealers like Gainsville and Provident are taking pre- orders based upon spot the day of arrival in there hands + 7.50,8 million coins ,thats bullion IMO, once everyone has them here ,they will probably drop to $4.00 over spot, then the major dealers will grade them to get $100 plus a pop for MS70 coins
    http://www.providentmetals.com/2012-1-oz-chinese-silver-panda-coin.html
    Just an fyi for members
    IMO the last truly numastic panda,s was 2009.....................
     
    jc888888888, Dec 31, 2011
    #19
  20. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    I agree, but compared to the others (ASE, maple, kook...) they are the best looking coin so even at 8m I'm gonna get some if they are to the 2011 standard
     
    thatguy, Dec 31, 2011
    #20
Page 1 of 2

Share This Page