BU - The last investment Panda Coin for Average Joe

Dynoman

Dynoman

Active Member
I'm astounded by the massive increase in value of the Proof issue Pandas.
Only a year ago I could pick up nineties series proofs for around the $2-400 mark. Now I see them regularly trading around the $8-900 region. Unfortunately my wages haven't increased by 100%. This means I now have to concentrate my efforts on the BU Pandas. With this massive exponential growth we may soon see the affordability of even the BU versions out of reach within a couple of years. This makes it somewhat of a headache to insure my coins. Hypothetically - How do I explain to my insurer my collection is worth $50K at the moment, but next year I expect it will be worth $100K ?

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here in the US most insurance companies (mine for sure) mandates an itemized list of values (appraisal) from a certified coin dealer
 
Not sure how you would insure it, how do you insure silver bullion when it can be $45 or $30 or $50/oz in a couple of months?

Or a house which can double in prices over 5 years?

Insurance, bah! Pandas are my insurance ;)
 
comeaux said:
here in the US most insurance companies (mine for sure) mandates an itemized list of values (appraisal) from a certified coin dealer
Click to expand...

That could be a problem here, no coin dealers for a few hundred miles of bush !
 
Bury them, old school style! :)

Oh that's a different topic, sorry. Insurance, interesting... I don't currently have any for my coins, hasnt crossed my mind to be honest. OOOOPS?
 
fishball said:
Not sure how you would insure it, how do you insure silver bullion when it can be $45 or $30 or $50/oz in a couple of months?

Or a house which can double in prices over 5 years?

Insurance, bah! Pandas are my insurance ;)
Click to expand...

Many collectors do insure numismatics

Many things of value are insured homes, cars, bullion, human life, diamond rings, numismatics, rolex watches, etc

I do it for peace of mind for the very low cost of insurance I feel it's worth it ... others do not.

It's one of those "preference" issues but I understand your position and why you and others would not.
 
Oh I've got insurance for a lot of things, its just harder to get decent insurance (if at all) for coins and precious metals that's all. At least down here it is.

And I was being sarcastic with the house prices thing ;)
 
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