I got into stacking a couple of years ago and although my tastes and plan has changed a lot since then i bought quite a lot of pandas cause i liked the designs and thought they would be a good investment. Now even though I bought them from a reputable dealer and no they are genuine i still look them as duds cause nobody is going to want them. What does everyone else think?
Tarnished pandas
- Thread starter darkclark
- Start date
barsenault
Well-Known Member
What makes you think they are not a good investment? What years do you have? I think they are a great investment.
Sell to me at spot rate since you view it as worthless
darkclark said:
I think you should consider expanding your horizons a bit
You should visit this expo: http://sgcoinfair.com/
http://forums.silverstackers.com/topic-73204-2016-singapore-coin-show-photo.html
It's pretty much a Panda festival
There are also some pretty amazing coin shows in China - and entire buildings dedicated to Panda collectibles in almost every major city (e.g. BeiJing, Shanghai, Guangzhou, Hong Kong, etc).
Here is a write-up from an Aussie Silverstacker that went Panda/MCC hunting in China:
http://forums.silverstackers.com/topic-20908-shanghai-part-i.html
Tarnish means toning if I am not wrong. I will buy it as say in thread. I have been offer him in this thread
barsenault
Well-Known Member
Don't believe us, do your DD. Here's an interesting article on toning/tarnishing. I'll buy your pandas spot plus 3.00. I'd say they're horrible (if I wanted to scam you), but they're not. Plus, if they are the rare pandas, you can get them conserved, and presto, they are back to pristine state (minus white spots, but that was NOT your question).
http://www.coinnews.net/2007/09/03/...ow-does-it-affect-coins-and-their-value-3565/
http://www.coinnews.net/2007/09/03/...ow-does-it-affect-coins-and-their-value-3565/
Plenty of interest in pandas here on the forum if you dont want them
TasAg said:
Yes, if it's from NGC or PCGS, it is probably just as valuable as any other 2001 Small D - from my understanding, the value of the coin is based on its total condition.
Toning is probably a better description than 'tarnish'. Toning doesn't necessarily lessen the coins grade or value - and may sometimes increase the coin's appeal.
Toning can also be reversed in some instances. NGC frequently does this through their conservation process.
TasAg said:
is the question from you or the original thread writer? This make me confuse.
Post a high resolution photo if you would like to demand a more accurate answer otherwise :lol: just sell me
TasAg said:
Sine nice toning like rainbow for old mcc will fetch even higher value than normal one.
Does post 13 give you this information ?
By the way I am not good at panda coin. That not my areas of knowledge. The rainbow toning might not applicable to panda coin
picturefun
Member
barsenault said:
The problem is NO one could get ANY panda silver coin, especially early years, at $3 above the spots. So buyers still suffer a loss, maybe a HUGE loss.
I bought a set of BU 2001-2009 Panda from ebay back in 2010, as well as a set of BU Kooks (1990 -2010), before the Silver started crazy move to $50. It was a good deal, but still about 85% higher of the spot price, then or now. The previous owner put all his coins in a dansco folder. I took them out as soon as I got them, still NO help. Now every single coin is toned, some are pretty bad. They were ok when I just got them. Yes, I may still be able to get the original investment back, especially for those Panda coins. But I still feel pretty bad. after all, I already hold them for almost 6 years. And for toned Kook coins, my bet is have to take a loss if I want to sell them now.
So for Ebay buyers, the coins you bought have a big deal to do with how the previous owner(s) stored them. The toning may develop after you bought them.
KeepOnTrying!
Member
Enclosing your coins and slabs in intercept archival bags is supposed to prevent or slow down the rate of coin surface deterioration.
picturefun said:
Take notes my good friend. Nature tone and artificial tone of MCC price is different. white spot and tone is different.