Featured Chinese vs Australian Bullion..WOW!

Discussion in 'Bullion Investing' started by Gam3rBlake, Dec 5, 2020.

  1. Old World Coins

    Old World Coins Well-Known Member

    I totally agree with you on this one. I lived there for several years and there is no such thing as business ethics. Contracts are one way for employers to hold people accountable but not visa-versa. I can say they dont just cheat with coins its with everything. They found several bridges in inspection where the metal support that suppose to run thru the cement was cut after a foot on each side to appear as that. Companies shortcut everywhere and dont care the cost. Many things are found after accidents and catastrophes.
     
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  3. Blake Davis

    Blake Davis Well-Known Member

    Very typical for this country which is engaged in a cold war with the United States (if not the rest of the world) only the US and elsewhere do not seem to realize it - I would be very happy if I could never buy anything from them ever again - but due to lots of things including bought off politicians and corrupt companies that is not possible. And I apologize for inserting politics on a site that I go to in order to escape that kind of thing - no need to respond.
     
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  4. Gam3rBlake

    Gam3rBlake Well-Known Member

    You’re right. It’s the government & politicians that make China a deceptive & dishonest country. I know for a fact that the general population of people in China are good people. Many of them are just doing what they can to get by because ya know..Communism.
     
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  5. Blake Davis

    Blake Davis Well-Known Member

    I could write up a lengthy response (agreeing with your points although among other things) but....better not...
     
  6. Everett Guy

    Everett Guy Well-Known Member

    I havent read this whole thread but I have collected pandas in 2009. The guy I bought from back then told me to be carefull and weigh each coin and that they too are counterfited often. My question was why didnt the orignal big named dealer weigh the coins? Also are you sure they are all solid silver and not silver plated counterfit? I would have one tested just to make sure if you bought alot of them.
     
    JCKTJK likes this.
  7. Gam3rBlake

    Gam3rBlake Well-Known Member


    I can assure you all of these Chinese pandas are legit and APMEX does indeed check everything for authenticity. But there is nothing they can do if the Chinese government is lying.

    APMEX is a well known international brand with over a billion dollars in sales per year. They’re not going to be selling fake pandas. They’re selling pandas they get directly from the Chinese Mint.

    If they come from the Chinese Mint and APMEX is told they are genuine 1 troy oz pandas that’s what APMEX says they are.

    I’m sure APMEX doesn’t bother testing stuff they get directly from government mints. They buy dozens of monster boxes with 500 coins each straight from the various national mints of the world and they’re not going to bother testing all of them if they know they are straight from a government Mint.

    Like if you buy an American Silver Eagle from the US Mint website you’re going to assume it’s genuine just because of where it’s coming from.



    The difference is unlike all the other Mints the Chinese Mint is dishonest.
     
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  8. JeffC

    JeffC Never buying coin tubes with pull-off caps again. Supporter

    Nope. My coin budget is less than $30 per month. LOL. I collect mostly for fun.
     
    GoldFinger1969 likes this.
  9. rbh110

    rbh110 New Member

    2015 mintage = 8,000,000 X .5g = 4,000,000g /31.1 = 128,617ozt
    128,617 X $16 (rough avg price 2015)= $2,057,877 additional cash into CCP coffers.
     
  10. Gam3rBlake

    Gam3rBlake Well-Known Member

    Don’t forget the other years.
     
  11. Everett Guy

    Everett Guy Well-Known Member

    I never dealt with Amex, they are one of the biggest. If I buy online I go with silver.com. one good thing is the price of older pandas has a good premium, for resale
     
  12. Gam3rBlake

    Gam3rBlake Well-Known Member

    Yeah that’s why I know they’re legit. Because APMEX is just too big and reputable to be selling fake stuff.

    It’s not worth it to them to sell fake pandas and risk their reputation.
     
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  13. Gam3rBlake

    Gam3rBlake Well-Known Member

    Well I think we can both agree that just because a nation’s government is corrupt or totalitarian does not mean the people are “bad”.

    Take a look at North Korea. It’s run by Kim Jong Un and he is a crazy, violent, dictator but the people of North Korea are mostly good people who have no choice but to do what the government tells them.

    I think most people, regardless of where they live, just want to live a happy life with freedom and without fear.

    Unfortunately many governments won’t even give their people that.
     
    GoldFinger1969 likes this.
  14. Blake Davis

    Blake Davis Well-Known Member

    True. Unfortunately North Korea is one of many countries that proves my history teachers assertion that repression does NOT lead to revolution. Repressed people do not revolt - it is when the government relaxes its repression or is weak thereby creating heightened expectations where you have revolution.

    Not sure what this has to do with coins - did any interesting coins come out of the French Revolution? Blake
     
  15. Gam3rBlake

    Gam3rBlake Well-Known Member

    Well I only mention it because even though the Chinese Mint & government is corrupt as hell doesn’t mean the people of China are bad. That’s all I was saying.

    However some awesome coins did come out of the American Revolution.
     
  16. scottishmoney

    scottishmoney Я люблю черных кошек

    I have to wonder why APMEX didn't weigh the coins and cut off orders if they were determined to have been underweight by .5 grammes.

    Myself, I have avoided bullion that is sold at a premium because of design and demand. I have purchased a handful of silver Pandas as gifts for people in the USA, but in China I gave out good old American ASE's as gifts.
     
  17. Gam3rBlake

    Gam3rBlake Well-Known Member

    Lol I actually have all kinds of silver bullion coins from all over the world that I paid a premium for.

    Not just Pandas and Silver Eagles but also Maple Leaves, Britannias, Kookaburras, Libertads, Philharmonics, Somali Elephants, etc.,

    That’s when I realized that Queen Elizabeth’s face is on like 1/2 the currency in the world.

    I find that they can be a good investment if you wait several years because once each year ends the coins from that year tend to go up in price as the next years coins are minted. Inevitably there are always people out there needing those dates for their collections and willing to pay a premium for them.

    As for China..

    Actually some of them were even more underweight than 1/2 a gram. The lightest one I tested weighed 29.8g which is over 1 gram less than the 31.1g required for a full troy oz.

    My guess though is that APMEX assumes anything that comes directly from a government Mint, with no middle man in between, is authentic.

    They probably don’t crack open Monster Boxes of Silver Eagles for testing either because they assume if it’s coming from the US Mint it’s going to be genuine & legitimate.

    In fact I’ve bought sealed tubes of ASEs from APMEX which means they couldn’t possibly have tested them.

    6554FD39-7600-4DB3-8643-B00566C2F462.jpeg
     
    Last edited: Dec 15, 2020
  18. scottishmoney

    scottishmoney Я люблю черных кошек

    Back in the 1980's some of the 1/4 oz AGE's were a hair underweight. Premiums on bullion are unnecessary. Then it is not so much bullion as a high/overpriced collectable.
     
  19. Gam3rBlake

    Gam3rBlake Well-Known Member

    I think it all depends on the person.

    One could just as easily argue that the premium on a Morgan Dollar isn’t worth it just because it has two little “CC”s on the back.

    I also think most people who buy ASEs and AGEs do so because they want to make sure what they get is authentic.

    When you buy bars and stuff you have to worry about fakes but if you buy silver Eagles in sealed mint tubes they can’t be faked.
     
  20. Blake Davis

    Blake Davis Well-Known Member

    Bet most North Koreans are not bad either - but they have had to withstand decades of misery due to an ideology that some misguided or otherwise damaged and corrupt people would love for the USA to adopt in one form or another. I cannot understand why this proven eater of humanity, this idea that has caused untold harm to millions, that has done nothing - nothing - but cause misery for 150 years, is still talked about favorably by otherwise reasonable but at heart vey corrupt people. Communism is anti-human - whenever it is tried on a larger scale nothing but misery results.

    On the other hand some of these communist regimes have had some interesting coinage - for example the Panda coins of China -
     
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  21. Everett Guy

    Everett Guy Well-Known Member

    The pandas I got for $25 each in 2009 are now worth $60-$70. Alittle better than the eagles I got for $19 same year are worth $35 now. But then there were only 600,000 pandas minted that year. Thats the best part of the pandas besides collecting wise.
     
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