Gainesville Coins Begins 2012 Silver Panda Pre-Sale

It's interesting to see the premium for these is remaining around $8.00 early in the release cycle, as in past years, even though the mintage is being increased this year by over 30%. Let's see if it holds. Ebay is pre-selling 70-grades for about $200.00. No joke. Mike Mezak must secretly be behind it.

 

Log in or Sign up to hide this ad.

treehugger,
I believe you like your bullion naked, no slabs. But many members have expressed concerns with counterfeit pandas. Is this a liability when reselling raw pandas? :rolling:

 

Krup,

I have only ever purchased from larger dealers and sold to smaller coin dealers. The issue has never been initiated by them when I was selling to them, so I guess the short answer for you is "no". I have never sold a Panda to an everyday Joe, so I don't know the answer to that side of it.

 

I always enjoy your post - they're informative. Thanks!

ps: when i read your past blog, your silver collection style is very similar to mine. are we related? Lol. How old are you? ..... Btw, you don't have to answer the later

 

You would would have to be pretty dumb to not be able to if it's real or not.

 

Gainesville SOLD OUT. So are the other three places i just checked.. hmm

 

No dealers in the U. S. have even received any 2012 Pandas yet and are not due to until the end of March at the earliest. Apparently, the Chinese Mint has been delaying shipping them because they purchased the silver blanks when the spot price was higher and they have been waiting for it to increase again. The projected mintage for 2012 is 8,000,000, so I don't think getting some will be an issue. Some dealers don't pre-sell coins, so if you see "temporarily out of stock" on their website it indicates they will not show quantity until they actually receive their shipment.

 

Yup you're right I did more digging after I made my post and read about that same rumor

 

I am not worried about getting these. Plenty to go around in a few months. TC

 

If anyone is looking for 2012 silver pandas, GoldMart have them now: http://www.goldmart.com/bullion-1/silver-bullion/chinese-silver-pandas-2012-prior.html

 

I usually buy from Provident Metals, but at times GoldMart has best prices, though their shipping may be slower. However, that should not matter, since you will get your item at lowest prices.

 

-Doesn't matter? The reason they take so long? Sounds like they have little capital and need the customers money first before they can place the order, then they are essentially using customers money as their line of credit to conduct business. Having been a buyer of bullion for several years, I've seen this game and for example, 2 large and well respected companies filed bankruptcy and left some customers, vendors, and creditors out to lunch on their money. One is in Newport Beach, California the other in Lutz, Florida. They are both back in operation right now and most people have no idea. I won't name them publicly as I have no beef but it is public information that can be seen in the newspapers online if one digs.


--- Back to subject matter. Any thoughts on where the 2012 Silver Panda's may trend the 2nd half of the year and into next? Mintage is high, but they are beautiful coins. Anyone know of a good spot to pick a few up at a good price so I can further ponder a larger investment? Something about holding them in my hands that helps me think. :smile

 

If you want to read charges, counter-charges, bankruptcy findings, court records, slander, and some VERY salty language about a company in Lutz, Florida, see:

http://www.topix.com/forum/city/tampa-fl/TSL0G6JNCG1S1G5O4

It is so hard to determine the truth that I simply removed this Company from my list of possible sources of silver coins, and will reluctantly pay more to deal with a local coin shop face-to-face. 'Nuff said.