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