Can someone tell me more about this coin?

Discussion in 'Bullion Investing' started by Eminem, Jan 20, 2015.

  1. Eminem

    Eminem Active Member

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  3. fretboard

    fretboard Defender of Old Coinage!

    Overpriced hoopla is what I'd call it. If you want a silver panda get a real one, they don't cost that much.
     
  4. Eminem

    Eminem Active Member

    This isn't a real one? Is this particular one issued by the USA or China? It seems to me this is a USA coin because it doesn't say 10 yuan
     
  5. fretboard

    fretboard Defender of Old Coinage!

    Yeah, it's real silver and all but I wouldn't own one. Looks like the ANA had some minted privately, ho hum=boring.

     
  6. Markus1959

    Markus1959 Well-Known Member

    Love the line in the auction page :"People pay a big premium for high grade Panda coins like this one."

    No they don't - usually only worth the bullion content. But people asking outrageous prices for it. One person sees someone asking 200$ then they ask 220$ and so on and so on. Never will get what you paid for it if needed to sell! And the shipping adds to the cost. Hope you didn't buy!!
     
    Last edited: Jan 20, 2015
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  7. Eminem

    Eminem Active Member

    I didn't buy. I still need to get a 2013 panda
     
  8. krispy

    krispy krispy

    First of all you should learn to do research yourself as it's exceedingly easy, particularly for a piece like this.

    You SHOULD know that it's not a coin. It says right on the slab insert, it's a medal. Panda coins have a denomination, this does not.

    Further reading of the label provides you with sufficient details for understanding the piece, when and what it was minted and certified for, the 2012 Worlds Fair of Money held in Philadelphia. It amounts to a promotional piece.

    Go to the NGC website (here) and there are populations for how many are certified.

    Visit Provident metals* (here) and you can find them selling for about $99 in OGP, and GASP! An explanation of what they are!!!

    *"Limited to a worldwide mintage of ONLY 10,000 pieces.

    These pandas were released for purchase to attendees of the 2012 Philadelphia ANA World's Fair of Money as well as a select number of dealers. Each (coin) is struck with proof fields and arrives in original government packaging as issued which includes a capsule, certfifcate of authenticity and deluxe wood display box.

    Each 2012 ANA Panda contains 1 Troy Ounce of .999 Fine Silver and was struck at the Shenzehn Guobao Mint under direction of China Great Wall Coins Investments Limited."
     
    gbroke likes this.
  9. sodude

    sodude Well-Known Member

    It's minted in China. There's no denomination because it is a medal not a coin.
     
    krispy likes this.
  10. fretboard

    fretboard Defender of Old Coinage!

    wow.gif I never realized those Panda's sell for such a high premium over spot!
     
  11. Markus1959

    Markus1959 Well-Known Member

    I guess you can ask any amount you want - getting it is another story
     
    krispy likes this.
  12. krispy

    krispy krispy

    Seems they do to, suckas! ;)
     
    gbroke likes this.
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