2015 Chinese Panda Gold & Silver Coins WITHOUT Weight & Composition

[DailySilverStacker]

What do you guys think about the new changes to the 2015 gold and silver Chinese Panda?

The decision to remove the markings from the coin could prove to be a major mistake.

[youtube]http://www.youtube.com/watch?v=JaE9MDoyZxY[/youtube]

 

[Altima]

Right now looks like a mistake. But who knows?

 

[darkclark]

yeah bit concerned, its been my favourite yearly issue but given its already well documented problems with counterfeiting I might be wary of buying many in case theres problems selling them later if I need to

 

[Danny-boy]

yeah bit concerned, its been my favourite yearly issue but given its already well documented problems with counterfeiting I might be wary of buying many in case theres problems selling them later if I need to

I don't really see the difference, the counterfeiters coins are identical(ish) at present, and they will be the same once they start making the 2015 coin.

It's not as if the counterfeiters don't stamp the weight and fineness on them at the moment, so the risk of buying fakes will likely be exactly the same.

 

[goldpelican]

I'm aware of one bullion dealer who will be seeking a private ruling on these to determine their GST status in Australia. VERY interested in hearing the outcome and seeing the reason either way.

 

[Gatito Bandito]

I hate it.

Not that I usually buy many Pandas, anyway, but I'm going to boycott the 2015, as well as any subsequent years or countries which follow suit. Even if that means I end up missing out on some potential numismatic profit down the road. (Besides, plenty of other things to buy for that, instead.)

Others may view that as a nice play, and gobble them up. And with enough people doing that, all of a sudden they become not-so-rare, after all.


True, there are plenty of old coins that don't list either weight or composition on them -- but those were issued as currency to be used as such.

The 2015 Pandas certainly don't fall under that category.


I think it's a stupid move for them. If they wanted to do this for a non-Panda line, to sell alongside regular Pandas, that would be different.

But they're not getting my money because of this. Like I said, plenty of other pieces to buy, instead.

 

[barsenault]

i don't like the look anyway. i may buy a few for kicks, but not interested, especially with a mintage of 8 million. I know yennus will kick my arse for that comment, because after all there are a billion people in china clamoring for the 8 million oz's which will drive up premiums. ))

 

[Justfishin]

I love pandas, doubt I'll buy any though. No fineness or weight? Too much headache.

That being said, there is the talk of this being such a bomb that it could wind up being a key year........so ..???

 

[barsenault]

I love pandas, doubt I'll buy any though. No fineness or weight? Too much headache.

That being said, there is the talk of this being such a bomb that it could wind up being a key year........so ..???

Watch the opposite happen, because everyone thinks it will be a 'bomb...' And then they'll mint the next year, and everyone will think the same thing...but eventualy it will be a 'bomb.'

 

[Justfishin]

Think I'll just get bombed instead

 

[barsenault]

Think I'll just get bombed instead

Be careful with the 'bomb' thing. That's a political hot potato around these parts. You may get lambasted by some on this board for being a sympathizer to us crazy americans.

 

[andrewlee10]

I just buy and keep some in case it become a key date.

 

[csyip]

I just buy and keep some in case it become a key date.

Same here, I am guessing this will be the only panda without weight and composition

 

[1for1]

http://forums.silverstackers.com/forum-54-panda-forum.html

FYI - there is a sub forum just for Pandas.. ideal place for this post.

Even easier to fake now.. don't have to worry about repercussions about faking Yuan sign (which was a punishable offence).

seems like a regression to me but i am definitely not the target market, thought it was to get away from westernised weight systems, why remove the fineness.. hope people vote with their pocket and send a strong signal we like our bullion assayed stamped.. else its just a coin (that no longer has a monetary value - so round, with no purity so medal? souvenir?)

Buying something with a decent premium and crossing your fingers about some possibility of it being a 1yr type based on the fact its rubbish and unpopular seems non-nonsensical to me (but that matters not.. the 1937 crown was deeply unpopular and got pulled so there is precedent.. but the premiums are hardly worth hoarding them for 80 years.. but investment vessels.. and the past is no guarantee of the future.

141

 

[Shippeevt]

Think I might get a couple... I doubt there value would go down. Do they still come in an air tight case?

 

[Silver Saver]

I will just buy a sheet and a few loose ones.

 

[Justfishin]

Think I might get a couple... I doubt there value would go down. Do they still come in an air tight case?

yes

 

[Gatito Bandito]

True, there are plenty of old coins that don't list either weight or composition on them -- but those were issued as currency to be used as such.

The 2015 Pandas certainly don't fall under that category.

Been thinking about this..


Here's a wild idea: Suppose this is actually just a small step closer towards China having a (at least partially) precious metals-backed/-based currency at some point in the future, ala the Swiss, et al.?

Might just be dipping their toe in the water.

 

[itrainsdogsandcats]

I've already ordered 1/4oz, 1/10oz, 1/20oz 2015 gold panda and a sheet of 1oz 2015 silver panda in Hong Kong last week, wanna see them ASAP.

 

[andrewlee10]

Hope to know the price for 5 oz silver soon.

Dec my 5 oz 14 panda grading result will out.