Hi everyone, I'm new here. I'm not a coin collector, per say, but rather a collector of metals. I posted this question over at RonPaulForums hoping to get an answer but no one had one. After a quick Google search I found this site and I would like to pose my question here... I went to my first coin show this weekend. I am still relatively new to collecting PM's and I wanted to go to the show as I figured there would be lots of silver/gold as well as cheap prices due to competition (which there wasn't) plus I wanted to look for an interesting 1/10 gold coin to add to my collection. Well I decided on the Gold Panda as I don't see many of them and I figured it would be fun to have. Well, apparently gold panda's have quite the markup and many are much more expensive than spot. After looking for a while I found a guy who offered me a 1999 1/10oz panda for $115. He told me that it was the second lowest mint date for that particular coin and that that year typically went for roughly 50% more than spot on ebay. After some discussion I bought the coin. I went home and did some research. Sure enough, the coin was minted in the year that had the 2nd lowest mint. http://reviews.ebay.com/Mintages-of-China-Gold-Pandas-1982-2006_W0QQugidZ10000000003517751 However, I am unable to find this particular coin anywhere on the internet so that I can see how much the coin sells. If I could sell the coin for a nice markup and then go replace it with another 1/10 gold coin I would probably do it (and would even invest the profit into some silver rounds) as I am really only interested in the metal and not really the collectors value of the coin. The coin is in a hard plastic case which is then located in what appears to be sealed manufacturers soft plastic shell. I'm not sure what the specific coin conditions actually mean, but, I looked at the coin with my magnifying glass and I don't see any scratches, marks or blemishes. Anyone have an idea of the value?
I'm not sure of the whole mintage thing and if it adds any value. But a 1/10 ounce gold coin (of any sort) should sell for around $110+
I've checked around all those sites. I can't specifically find the 1999 1/10 Gold Panda. According to the document that I read, only 25,501 of the coins were produced (which might explain why I can't find any of that specific year). Panda America says to call for a quote but I was just hoping that someone on one of these coin forums would be familiar with this specific year and coin. [FONT=Arial, Helvetica, sans-serif][/FONT] [FONT=Arial, Helvetica, sans-serif]China 1999 Panda 1/10 oz Gold BU Coin [/FONT] [FONT=Arial, Helvetica, sans-serif]Please CALL 1-800-4PANDAS[/FONT] [FONT=Arial, Helvetica, sans-serif]Metal: Gold[/FONT] [FONT=Arial, Helvetica, sans-serif]Denomination: 10 Yuan[/FONT] [FONT=Arial, Helvetica, sans-serif]Weight: 0.10 oz[/FONT] [FONT=Arial, Helvetica, sans-serif]Mintage: 25,501[/FONT] [FONT=Arial, Helvetica, sans-serif]Purity: .999[/FONT] [FONT=Arial, Helvetica, sans-serif]Grade: BU[/FONT] [FONT=Arial, Helvetica, sans-serif]Item ID: 1329[/FONT]
There is a problem with your assumption - low mintage does not necessary mean high value if there is a lack of demand. There are quite a few macro nations that issues coins of less than 500 gold coins, very affordable but not a lot of markup and premium. Some countries can do the complete opposite, strike a lot of them and yet manages to market them at a high price. You probably have to wait around for a bit if you want to maximize your profit.
