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 Replies: 6 / Views: 3,320 |
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Valued Member
United States
104 Posts |
hi guys, sorry if this isn't the best forum to post this at. maybe the world coins? not sure. but anyways. I just picked up this 1 oz. silver 1999 panda from my LCS. I was wondering if anyone knows about how much these guys are worth. I paid more for it than I have for any of my other silver coins but I'm hoping I didn't do too bad. From what I can find researching, it is a large date with a serif on the 1. If I am wrong, someone please correct me. sorry the pictures suck but if anyone can tell me about how much it is worth and if it is worth getting graded that would be great.     |
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Pillar of the Community
United States
2543 Posts |
It is definitely a large date with serif. This means that it was minted at the Shenzhen GuaBao mint. The 1999 large date without serif were minted at the Shenyang mint and the 1999 small date was minted at the Shanghai mint.
The total 1999 mintage, like a few late ninties years, was never released. A good estimate is @100,000, of these, only about 7000 are large date with serif. Even thought the 2000 frosted ring sells for more, I think this coin is the scarcest of the series. Probably worth @ $500.00 to someone trying to complete their series
Edited by denco7
05/25/2013 10:29 pm
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Valued Member
 United States
104 Posts |
Wow. I think I did pretth good then. I dont,necessarily collect pandas in particular, I just like their design. I paid $60 for him.
Do you think its worth getting it graded? I'm not sure what it would grade at.
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Pillar of the Community
United States
2543 Posts |
It is hard to tell from the pictures what it would grade at, but an MS68 or 69 could add $200 to $300 to the value. For what you have invested, I would invest another $20 or so to have it graded.
That's a great score . You would think coin dealers would be a little more informed than that.
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Valued Member
United States
104 Posts |
He just got it in, im,assuming he bought it for silver value,from someone. It caughts my eye and I knew older pandas were a little harder to find but never imagined scoring like this.
Thanks for your help.
Which grading service would you go with or does it really matter which of the big 3.
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Pillar of the Community
United States
2543 Posts |
The most increased value would come from PCGS or NGC.
If it was a $100 coin graded, I would have said don't bother, because you would have $85 invested in a potentially $100 coin, or if you see an obvious big scratch on it don't bother, because many times people surprisingly are more apt to pay for a raw Panda than a poorly graded one.
Also Pandas are one of the most counterfeited coins, so when you get a scarce coin that cheap, you always wonder. Your coin looks genuine, it has none of the markers that would indicate that it is counterfeit.
The upside of getting it graded is you get it authenticated and you could add another $100-$300 in value for another $20 investment. If you don't like the grade, crack it out and put it back in the capsule and you are only out another $20 on this great find of yours. ( if you can't tell I'm really jealous, I don't have one of these in my collection )
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Valued Member
United States
104 Posts |
Thanks so much for your help.
I just really lucky on this deal..
Honestly, once I get it graded I will probably sell it.
I dont really collect the pandas in particular, I just enjoy their designs
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Replies: 6 / Views: 3,320 |
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Posted 05/25/2013 6:04 pm
