A few days ago I stumbled across an article regarding purchasing graded Pandas as a long term investment. What surprised me is the recommendation was strongly in favor of MS69 coins. I would guess the argument would be the growth potential of the MS69 is better since the coin is so much cheaper than a MS70? Personally I collect for the joy of collecting and for long term investment. Considering the average cost of current MS69 Pandas is about 35.00 to 36.00, I'm thinking it's time to load up on some. What say you? ***I'm invested in traditional investment vehicles(401k, Roth, etc..) so please, lets stick to the subject at hand.***
I'm curious as to why you might think paying twice the spot value for a bullion coin would make a good investment. Just about every Panda minted is automatically a 69 Another question to ask yourself is has any graded bullion ever increased in value excluding the general rise in silver spot value? Stay away from graded modern coins and bullion. That stuff will go nowhere
Depends - some of these have went up in value quite a bit. A modern Kennedy Half say a MS 69 1995 will net you quite a profit if you got it at the right time. Some moderns are good and if made of precious metal you are somewhat hedged.
I don't really care for them-I'd rather gamble on Zombucks. But Pandas sound like a pretty good speculation considering they've been around for awhile and seem to be pretty popular.
I wouldn't, the price on old Chinese silver pandas is very high but they were low mintages. The new ones are being minted in large numbers, i think last years silver mintage was 8 million. I'd actually buy just about any silver product over a 2014-2015 MS69 panda for more than double spot. There are lots of silver coins that go for about $2-$4 premiums over spot that could become collectible in the future, I'd go with one of those as the risk is much less. (since you'd be paying such a smaller premium)
Also to add almost every coin minted now is at least a 69. So you are paying an extra $14 per coin for the protective case. (over the normal $6 premium)
If the price of silver rises, that premium will get smaller and smaller until it disappears altogether. Why bother? I'd rather buy one extraordinary type coin than a whole handful of Maple Leafs, Britannias, Philharmonics, etc. Everybody's got them, and at $50 silver, they'll all be worth the same -- bullion content.
Very few "coins minted now" will achieve the grade of MS69 from a top tier grading company. For some years and mintmarks there will be none graded at MS69.
Almost every single silver American eagle is either a 69 or 70. A 68 is so undesirable that the big shops ask for those to get sent back without being graded.
So I have a chance to buy either a 1988 or 1989 1/4 ounce gold panda for about $325 from my father or a 1986 or 1989 1/2 gold panda for about $650. What's your thoughts on these coins? All four are ungraded and in the original flips from when her bought them back in 89. If you ask me which one I like, I think its the 88.
