As far as ROI, I wonder to what extent grading is worth doing, and over what periods of time. For example (just throwing out numbers), perhaps the extra investment yields 50% within 180 days, but then drops to 25% over the following year.
Actually, at current ebay prices, my $2000 investment is worth $5000. My question is....Do I sell now or will I be able to do better down the road?
Hey, Bat Poop, the sales figures simply don't support your contention. And, since Pandas are made in China, how do you know you're getting what you paid for? Have you tested their purity? I'll bet there's a ton of Pandas out there that are plated. Then with all the counterfeits coming out of China, I guess we should be checking all the bullion.
So far, we only have antidotal data on TPG grading results from the 2011 Anniversary sets that have been submitted so far. However, looking at the Reverse Proof in particular, based on reports here on this forum and elsewhere, it appears that 50% or more are coming back from NGC as PF70. Granted, only 100,000 were minted, but when compared to the 2006 Reverse Proof (250,000 minted), the numbers are quite telling. According to NGC’s Coin Explorer, the 2006 PF70 represents only 19.2% (9,255) of the 48,168 in total graded to date. So, having a 2011 NGC PF70 Reverse Proof pricing about the same as a 2006 NGC PF70 ($450- $500 range) might be a fair proposition.
Looks like the numbers say there are the same number of 2006 RP70’s as 2011 RP70’s, approximately 50K. Based on the much lower mintage of the 2011, seems to be a deal if you can get it for the same price. But then since the percentage of 2011 70's is so high, the difference between 2011 69’s & 70’s should not be significant – final price 69 Set, at least $1,500 – 70 Set, at least $2,000). Of course, until the sets dry up, who knows were the bottom is.
You're using the Mints total sales of bullion, doesn't really help your case at all. How much is a MB of 09 Silver Pandas vs 09 ASE...?...or any year for that matter. Both mints work under way different rules and regulations, if you want to compare look at the secondary market not the Mints sales.
The level of sales shows the popularity. Looks like the individual Panda prices are nothing special. Those Pandas are cute, but simple compared to the level of art on the ASE obverse.
Looks like the ASE's finally ran outa juice. Saw two sets with buy now prices of 1500+ not sell last night.
The mintage for Panda's is a set number, ASE arn't. Don't go buy MB price because Pandas haave 100 more ounces per box. http://www.apmex.com/Category/164/Silver_Pandas___1_oz_2011__Prior.aspx http://www.apmex.com/Category/160/Silver_Eagles___Uncirculated_2011__Prior.aspx Premiums are way more for Panda's.
I was just checking prices on ebay and one thing is for certain- if you break up a set and sell individual coins you will make more $
It's a set number because that's all they can sell. Since the Pandas are proof, compare to ASE proofs. If you're not talking proofs, another reason to stay away from Pandas and the mintages aren't all that low for a coin not collected as widely as the ASE.
The scheduled mintage of the Panda series has gone up from 600k in 09, 1.5 Million in 2010, 6 Million in 2011 and now "China has reported that it will mint roughly 11% of it's annual silver supply into 2012 1oz Silver Pandas. This will equal 80million 1 oz coins" Chine wasn't importing enough silver to waste on bullion, they're now net importers of silver instead of exporters.
It's a cycle, they'll go back up when the suppy dries up. The ones that sell aren't much lower than the high before so many were available. Since the price is still up there, makes one think maybe some of the unsold ones are deals made outside eBay.