I was wondering if anyone here collects the Panda's? I was looking at this set on Ebay- http://cgi.ebay.com/China-2007-Pand...35QQihZ011QQcategoryZ4368QQrdZ1QQcmdZViewItem I love the yearly Panda's, although i only have a dozen or so. I was wondering what others think this set might do in the future. They are minting 30,000 sets. PandaAmerica is selling the set for $600, so Ebay prices i doubt will get that high. Is this a set that might go higher? or is 30,000 more then enough to satisfy demand, and the price will fall in the future....
I dont but I think they are nice. I found another site selling that set for 599.00 http://www.pandaamerica.com/sresult.asp?keyword=China 2007 Panda&sortby=priceasc
Many years ago when I was collecting coins, I did collect panda silver and gold coins. At 30000 sets of mintage, the prices will not get any higher for many many years. I used to collect other China commemorative animal series in gold and silver. Even for lower mintage such as 15,000 pieces, it is still not moving. These coins required some form of speculative buying. If someone decided to keep the momentum of buying up all the coins for a certain series. the market will start moving. Just like stocks and shares. China have been producing many silver and gold coins for the past years. The early Chinese horoscope animals series of coins is still the best as they have lower mintage. I still have some in my collection but just waiting for the right time to sell them away. I think i still have 20 pieces of the silver coins with a traditional horse design and a large 5oz year of the horse silver coin.
Give China another few more years and it will be like another Russian market - prices will rocket although I will have to guess that common panda coins will raise quite slowly compared to other ridiciously low mintage coins. Perhaps the unusual panda coins, i.e. not just plain precious metal bullion coins but coins such as 5oz, bimetal, kilo etc will remain pretty high. But please don't quote me on that. Like what see323 said, perhaps the Zodiac series will raise pretty fast since the current Chinese market doesn't have enough coins - Canada, Australia, Singapore, Hong Kong are all minting zodiac coins and a fair percentage go to China. Remember Chinese can be quite patriotic so perhaps one day, they will start looking for their own national coins instead of foreign. A few years ago, especially 10 years ago, the Russian economy pretty much fell to the lowest in history and coins coming out from that country were virtually priced worthless. 10 years later now in 2007, low mintage coins of what used to be hundreds have easily tripled. Perhaps one of the best example right now is the Chinese 1980 Olympics coins that was commemorated of the Winter Olympics if I am not mistaken and prices are starting to move gradually in particular due to the Beijing Olympics occuring next year. But again, but if you look carefully at the old Chinese coins in particular the period of 1850s-1900s where China was virtually torn apart by various nations, genuine silver and gold coins are starting to head towards prices that was never heard before. This is particually beacause of a fair amount of rich Chinese enterpreurs are starting pop up as well as finding genuine coins from the mass amount of counterfeits is starting to be quite a challenge. Now as for such, this is one example that I have: Comes with the original box and some paper documentation - around 10USD including shipping. That's simply because silver was just at 7usd ish. I wouldn't complain
i too have about a dozen and get one when the price is OK they are a beautiful coin the main erasion though is that my wife likes them and i am trying to get her interested so she will up my allowance lol.
Thalia Elizabeth has one silver panda from the year 2000 (what else?) that was purchased while visiting with my dad in NJ. I am staying away from these otherwise, since I can't be sure whether they are genuine and there are other silver coin choices (including those with Thalia's Favorite Monarch!).
a co-worker of mine has a son-in-law who does business in china several times a year. I talked with him about this set, and he talked to his son-in-law. He is going to have his son-in-law pick up a few sets from mainland china He seems to think the sets will be less then 1/2 the price they sell for here... If they are that much cheaper, i will have some ... my fingers are crossed!!!
Good luck! My understanding is that the Pandas are strictly for international markets, and are not available domestically. I hope I'm wrong, but . . .
well, i dont think thats entirely true.... I read an article once about the Panda's, and they showed a variety between 2 Panda's that were the same year, one (which was meant for domestic sales) had an extra leaf when compared to the other coin (which was meant for over seas sales) I am NOT sure that is the case on every Panda coin, but at least for that year they had some for domestic sales. I hadnt even thought they wouldnt be sold there, my only thought was that if they DID sell them domesticly, that they would not be allowed for exportation..... well, im hoping that 1) they have some for sale domesticly, and 2) they allow some to be brought back to the states!!!
They used to export and sell the panda silver coins to overseas distributor for foreign markets. Now they probably sell to their local people due to popularity and demand. Once there is a demand in China, the overseas dealers dealing in silver coins will buy back from overseas collectors. They are sold and shipped back to China if there is a big demand for them. Naturally, the prices of panda coins may be higher in China than in other countries.
