How many of you would pay nearly $104 an Oz for theres 5 Oz 2012 pandas? Yeah there's a limit of 50,000...but $100+ an Oz, that's crazy. I don't think I would spend the money for this even if I did have it. http://www.providentmetals.com/2012-5-oz-chinese-silver-panda-coin-with-box-and-coa.html
People are paying $100 an ounce for the 25th anv ASE set and Panda's have way more demand and collectability. People on this site will disagree but thats because this site has a strong American bias. There's more Chinese with investable income then the entire American population and the chinese government is encouraging gold and silver investing. That being said I wouldn't pay that price unless you're a die hard Panda collector and if you were you wouldn't have started this thread.
The people that buy the Panda coins are collecting them. Even if the buy it as an investment they are looking to sell to other collectors when they sell. I see the normal investors buying bars and large amounts of junk silver instead of coins.
I would never pay even a 50% premium for modern coin that has mintage of 50k let alone 300%+ premium for it. If you wait it out and bargain hunt you can actually get these coins for cheap when it ends up in secondary markets like a local pawn shop. Only matter of time before some Chinese shop gets a hold of the die and start cranking out legit silver pandas to get in on this.
I started collecting the Australian Silver Kangaroo Series about 3 yrs. ago. At that time, they were going for about $35 each. The series started in 1993, all 1 oz. coins with an extremely low mintage, most in the 20,000 range. Now they're around $80. The 2007 is commanding a price of $260.00 and more. In 2010 they came out with the Ultra High Relief Boxing Kangaroos Coin and raw, it goes for $129-$159. Found a 2011 UHR on EBAY currently, and it's $116.95. So, I don't know. I guess it depends on how much a person really, really loves the series of anything out there. As far as this collection, I'm current thru 2010. But wow, it's gettin a little spendy for this little boy.
If you like the panda thing, this is not a bad price. Ebay has them listed for about $700.00, so $500.00 is great in comparison. Sometimes when you purchase a bullion coin, you have to factor in much more than the metal value. That is the case with these. As Guano said earlier, people were paying $140.00 an ounce for the 2011 Silver Eagle Anniversary Set and didn't think anything of it. That had a mintage of 100,000. The 5-ounce pandas have a maximum mintage of 50,000. Relatively speaking, the panda is a much better deal. They hold their value very well.
10 years down the road do you think it will be selling for these prices once people have moved to other issues? IMO i don't see that happening once hype dies down you can pick these sets up for a bargain.
Not tree hugger. But 2010 a completed Panda set with all silver types made sold for a 104k MS-69DCam+PR-69DCam
A25 (100,000) mint price was $299 or $59.80/oz. The ATBs (30,000) are now $204.95 or 41/oz vs. 5oz Pandas (50,000) @ 512.05 or 102/oz. Value described by Yakpoo is "collector base / population" and Fatima said "rarity doesn't mean much if there is no demand." Now you must consider acquisition price as the last factor. To date, A25 is the clear winner!
IMO a lot of panda buyers now (atleast in state side) are in it due to hype and $$. And do not collect any other coins other than Pandas'.
It's a matter of time before there are Chinese counterfeits of real Chinese coins??? The irony is soooo delicious!!!
I believe that within China, if one actually counterfeits a Chinese coin, you become exposed to the death penalty. It's a dis-incentive to this sort of activity. The fake Pandas that are produced there deliberately flawed so one doesn't mistake them for the real thing. Most of the time the denomination is missing. I don't think the same restrictions apply to foreign currency.
If only they would apply those same disincentives to counterfeiting other coins. In a command economy, there may not be a whole host of laws you can rely on, but when the people in power decide to do something, they aren't known for exercising restraint either...
Hmm some recent fake Pandas' are identical to the real deal i can't say if they are produced in China or not...
Personally I wouldn't pay more than 5% over spot for any modern coin, especially with that high of a mintage (yes, to me even 50,000 is extremely high), but like was mentioned, if you collect these then it's probably not a bad price. I've spent more than that on a worn-out tiny piece of copper and thought I got a superb deal. It's a matter of what you like. Guy
