Can anyone tell me why the 2014 Silver Pandas are selling in only the $50-60 range? The mintage of 8,000,000 (which is greatly less than the ASE) has been the same for a couple of years now. I'm fairly new to coin collecting and was wondering if some one might be able to help me with an answer. Should I go out and by a slew of them and wait for them to appreciate, or could this be the first year that I know of that they would depreciate?
Actually, there were more than 43 million American Silver Eagles, not to mention Maples, so 8,000,000 is relative low.
No idea. Supply and demand? Any time you are referring to a numismatic coin, (and by changing your question from 2014 pandas to TPG graded MS70 2014 pandas), you are now asking a numismatic question. My suspicion is everyone is always in a hurry to get their new coins for the year, so prices spike early and fall later on. Wait a few months. 8 million might sound small in comparison to some other numbers, but that is a LOT of coins.
I'd bet about 80% of them, if not more, are MS70's, so thats little impact on pricing. Maybe the Chinese mints just aren't as gouging as the US mint.
On ebay, the 2013's sell for about the same as the 2014's. If your patient, it looks like you can get them under $50. My guess is that dealer / speculator inventory is still flush. Once it clears, the price may rise. I'd expect the 2013's to rise before the 2014's. The 2012's aren't worth much more maybe $10. I think you are taking a risk though, the mintages have escalated fast. 2001-2002 500,000 each year 2003-2009 600,000 each year 2010 1,500,000 2011 6,000,000 2012-2014 8,000,000
Personally, if I was going to speculate in this series, I would go with the 2010. They sell $70-$100 compared to $200-$250 for the 2009. The 2010s have 18.75% of the mintage of the 2014. The 2009s have 7.5% of the 2014.
