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 Replies: 8 / Views: 2,007 |
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Pillar of the Community
United States
5832 Posts |
I order a NGC graded 2012 1 oz. gold Panda from Ampex, price wise is cheaper than the regular uncirculated 2012 1 oz. by $30+, anyone know what the difference are?
The recent drop in PM, I also order a sheet of 2012 1 oz. silver Panda along with the gold Panda, hoping that it would be a wise investment, more collectors worldwide like these cute Panda's.
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Pillar of the Community
United States
3670 Posts |
I am guessing it is a MS-69 grade, which really hold zero premium over a raw uncirculated version, at least with ASE's anyway. Still, seeing as how it cost money to slab a coin, you would think they would be priced 10 bucks more then the raw coins.... Also, not often can many of us afford to own a 1 oz. gold coin, an when we can I think many people wanna be able to hold that amount of gold in hand, it is ust our desire to be connected to it somehow.... |
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Pillar of the Community
United States
808 Posts |
Well, APMEX is one of the reliable big online dealers so I'd have confidence in your purchase. Lacking more information, I can't guess the reason for the price difference. However, if a gold Panda doesn't come sealed in it's original plastic, buying a graded and slabbed Panda is the next best choice since you know it's well protected and professionally authenticated. Sounds like a great pick up! Congrats! |
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Pillar of the Community
United States
759 Posts |
I would suspect one of these 2 reasons or both:
1) they have more graded than ungraded and it's inventory management
2) the probability of an ungraded one being a 70 is greater than zero
Pandas are indeed nice. Wish I had one.
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Pillar of the Community
United States
1454 Posts |
I believe Hawk and Coinwatch have it right. I've seen this a lot with boxed coins that come with all their paperwork. They are usually more desired than MS69 or lower slabbed coins. If the higher priced ones are double sealed like some of mine, people are willing to pay a premium for coins in their original sealed packaging. I also prefer the non-slabbed over slabbed, myself.
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Pillar of the Community
United States
2269 Posts |
Quote:
If the higher priced ones are double sealed like some of mine, people are willing to pay a premium for coins in their original sealed packaging I completely agree. I prefer to have an ungraded example with the original paperwork and box over a slabbed coin any day. |
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Pillar of the Community
 United States
5832 Posts |
I am not sure how the 1 oz. gold Panda comes in what form of packaging, so I can't comment on that, but I would want to be sure that is authentic due to many fake Panda out there, forgers have known even to mimic the packaging.
pandaamerica.com have sources and information which help collectors to check whether the coin is real or fake.
Googling around only shows that unless I buy it in a set, it only come sealed in a thin plastic cover, I think even for the 1 oz. gold. The 30 silver Panda also comes in a sheet of sealed plastic sheet. I am wondering now if its save to archive.
Edited by macmercury
05/11/2012 10:25 pm
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Pillar of the Community
United States
2269 Posts |
I think the safest bet would to buy from a reputable dealer. You can also do an internet search to find what the reviews are.
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Pillar of the Community
United States
5854 Posts |
I think I remember reading an article a while back about a similar situation but with proof AGE. I think the article said something along the lines of certified proof AGE were not allowed in IRA's because the IRS considered them to be collectibles and as a result people were buying up those in OGP to put in their IRA's. I don't know much does this situation relate to the one that you mention. My guess would be that they have too much inventory from sending out lots of pandas out to be graded hoping to get some MS-70's which they can sell at a higher price.
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Replies: 8 / Views: 2,007 |
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Posted 05/11/2012 7:28 pm
