Silver Pandas to the moon ?

Dunno. In the Chinese Coin Forum, PandaAmerica posted to buy large quantities of Silver Pandas from 2003 thru 2014. Kinda weird that a panda distributor would be looking to buy to augment their inventory from the secondary market. :/
 
So that's why lately there's so many people wanting to buy pandas.

Is there a genuine demand or just a distributor creating a false demand due to low spot prices?
 
Altima said:
So that's why lately there's so many people wanting to buy pandas.

Is there a genuine demand or just a distributor creating a false demand due to low spot prices?
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I would NOT think that a distributor wanting to buy large volume of previous year issues is enough to affect the prices. More likely they have first hand info on a real demand they want to cash in on. :|
 
Well that could be true but it has already achieved its desired effect. In the local forum in Singapore alone, so many people are suddenly looking to buy past year pandas. Makes for an interesting observation!
 
Thanks for posting that. Seems to have some effect on the prices somewhat :

The price of exchange funds at Nanjing Exchange has dropped significantly since 5/27. Most coins are down from 20% to 50% with the exception of 2010 silver panda which has increased from RMB 1628 to 2403, up almost 50%. The IPO date for 2010 silver panda was 2/7/2015 with a valuation of RMB 360 and the peak price was RMB 2590.

Just for information:
The coins stored at Nanjing Exchange have to pass the authenticity test by PCGS. For circulated coins, the grade has to be 65 or better and for PM coins, the grade has to be 68 or better.
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it is the Nanjing exchange driving prices in some part ..but also I think we have turned a corner on pre 2009 panda,s for sure. the 2010 price as far as I'm concerned at apx $60 each isn't that much more than it should be even though price is driven by speculation .when silver spot was $30 that is what the coin sold for .IMHO there will be some folks 5 years from now saying to themselves "damn I should of bought that stuff in 2014,2015:)" you normally know when a bottom is when it passes you by:) waiting to pick that absolute moment in time and getting it right is extremely difficult.
 
I just can't wrap my head around 12 million minted (what I've hear it may be this year??) and the price for a 'normal bullion coin.' But, I could be the guy that the train left on...oh well. :-))
 
barsenault said:
I just can't wrap my head around 12 million minted (what I've hear it may be this year??) and the price for a 'normal bullion coin.' But, I could be the guy that the train left on...oh well. :-))
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Once you go sub 1,000 mintage, all coins begin to appear like a mass produced ASE bullion coin. :lol:





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