Is this a better investment over tha ASE? I looked at Provident to see the sell prices and these go up each year with design changes. I used Provident as measure 2012 for 25.73 2011 for 31.73 2010 for 31.73 2009 for 57.00 2008 for 70 2007 for 70 2006 for 72 2005 for 70 2004 for 72 2003 for 115 Am I missing something. This seems a better investment over ASE over time Anyone buys these in tubes or more?
To be honest almost any bullion coin that has unique designs every year will command higher price for past-year issues. That is the reason why I do not stack any maples and eagles. I prefer lunars, kooks, koala, and panda. That's just me.
Just be careful buying pandas. The counterfeits have become exceptional. I think it also depends on where you sell them though. My LCS buys everything as regular .999 with the exception of Eagles. So it is actually cheaper for me to buy foreign bullion when he has it.
So you are saying this is essentially a thing of the past for big increases over time. In 10 years the 2013 won't be sitting at triple the spot because of huge jump in mintage?
That is correct, they are minting more then x10 more now. Some of the earlier mintages were as low as 50,000. Looking at your figures you can tell when they started minting more in 2010.
Personally, I won't give one cent to anything chinese when it comes to bullion or numismatics, considering china is the #1 threat to the hobby with its refusal to take even minimal action against the blatant counterfeiters. My opinion is based on 1) complete mistrust over getting ripped off by counterfeit coins, and 2) pure spite over #1.
It's safe to buy them from Provident right? It would hurt deeply if my 2010, 2011, 2012 and 2013 Panda are all FAKE. HAHAHA
The last time i bought pandas they were double sealed with the correct rope border for the soft plastic. I bought them then had doubts. i showed them to a few other dealers they thought they were legit. I finally cut them out and weighed them, they were perfect. Then I tested them. I think they are made out of nickel. So I'm with Taribor.
One of my local coin stores. Another thing you can look for is the slanted reeded edges they started using i THINK in 2003/4
I try to avoid getting into the numismatic side of the precious metal coins. I prefer to invest in bullions for their metal content; return on their intrinsic value is a plus.
A large percentage of the expensive Chinese coins I buy are slabbed. I ease up and focus on seller rep with cheaper coins like 20 cent Dragons. Still, I admit Chinese coins are a minefield. I love the Pandas, though!
Arguably, the Chinese are providing a floor on prices as the biggest buyers of gold bullion (I believe they surpassed India).
