Is this considered a proof?

Also, what source would you use to price it?

 

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It's a bullion piece. It's worth silver melt plus a premium.

Edit - 1989 Chinese pandas are selling on apmex for $109.99-$114.39

 

Would you consider the proof version?

 

As I said, yours is a bullion piece.

 

Bare with me I'm new. They made a proof of the 1989 panda. If it's not a proof it's just called a bullion?

 

No worries. Yes, they made proofs and regular bullion pieces. I'm not an expert on the series, but it seems as though the proofs came in boxes and the regular bullion pieces came in the plastic like yours. Also, proofs tend to have frosted designs. If you google 1989 Proof China Panda and 1989 China Panda you should be able to see the difference yourself.

If I may ask, where did you get this from? Just curious.

 

A local coin dealer. He let me have it for $17. I was going to throw it in a trade for a Morgan but I was asking $40 for the panda. Think I should hold onto it!

 

Hopefully it's real.

 

Is apmex a good site to base prices?

 

I can weigh it. It's in a capsule though.

 

They are a respected bullion dealer.
I wouldn't expect to get the prices they are asking when you go to sell.

Provident is selling them for $89.95
http://www.providentmetals.com/1989-china-1-oz-999-fine-silver-panda-brilliant-uncirculated.html

 

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Good deal. That helps me out. Thanks

 

I would check the weight of yours as well as check it with a magnet. Pandas are faked a lot (It's China we're talking about...) If you managed to pick yours up for $17 that makes me wary. Either that, or your local coin dealer doesn't know what he's doing and you should go get more

 

Biggest smile I've had all day! thanks, furry!

Steve

 

He paid silver price so he gave it to me and made $2. He's just trying to eat.