Whats up with APMEX pricing for 2011 1oz gold pandas?

Discussion in 'Modern Chinese Coins & Medallions' started by rbaggio, Jan 11, 2012.

  1. rbaggio

    rbaggio Active Member Silver Stacker

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    Is this just another APMEX quirk, or is there an underlying reason for it?

    2011 1 oz Gold Chinese Panda (Sealed) US$1,963.56
    (21 in stock)

    compared with
    1985 1 oz Gold Chinese Panda (Sealed) US$1,747.50
    1987-Y 1 oz Gold Chinese Panda (Sealed) US$$1,757.50
    1986 1 oz Gold Chinese Panda (Sealed) US$$1,757.50
    etc etc

    Thoughts? Nothing to see here, move along?

    http://www.apmex.com/Product/59976/2011_1_oz_Gold_Chinese_Panda_Sealed_.aspx

    Thanks :)
     
  2. fishball

    fishball New Member Silver Stacker

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    Looks like a quirk/mispricing to me.

    Although maybe they bought those 2011s when spot was much higher so they don't want to sell at a loss?

    Just a guess, most dealers move on volume but not sure how APMEX does it.

    APMEX, sometimes they are just plain weird.
     
  3. Anthony

    Anthony New Member

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    May also be a supply and demand thing.

    I would expect the 2011's to still be popular for buying at the moment, 21 in stock is not that many of a popular coin, so they could have just boosted their prices.

    We all know that APMEX don't just work on a fixed mark-up over their buy prices for everything, as they had the 1oz PM dragons at $99 a few months ago during dragon fever and they would have paid half of that when buying direct from the mint.
     
  4. yennus

    yennus Well-Known Member Silver Stacker

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    Yep, 2011s are still hot... especially since the 2012s are currently crazy overpriced at the moment in Shanghai.
     

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