1 Ounce Chinese Panda Silver Bullion Increase

To participate in the forum you must log in or register.

Author	Replies: 8 / Views: 2,941
SilverTracker Pillar of the Community United States 589 Posts	Posted 02/13/2014 2:09 pm Hi All, I have noticed that the 1 ounce Chinese Silver Panda Coins are being sold at a higher amount on E-bay by a host of different sellers for more than its introduction amount 5 weeks ago? I have bought 3 of the 2014 Panda's within a week of each other for between 26.00 to 28.00 roughly. Now I see them in the ballpark of 30.00 to 32.00. Are these going up faster than other world bullion 1 ounce silver coins for a reason? Also does every silver 1 ounce coin like the Chinese panda's are actually minted by their own country or do they have another do it for them? Thanks John Report this Post to the Staff

Biancasdad Pillar of the Community United States 1045 Posts	Posted 02/13/2014 4:01 pm A popular type and silver spot is up over 6% in the past 2 weeks. Report this Post to the Staff
yingyang Pillar of the Community Canada 1823 Posts	Posted 02/13/2014 4:21 pm Always a premium for the pandas plus silver on the market is $20.50 a ounce but you can not get it for that price add another premium. http://en.m.wikipedia.org/wiki/Chin...Silver_Panda Edited by yingyang 02/13/2014 4:25 pm Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 02/13/2014 4:27 pm The Panda's have always been one of the most popular bullion issues in the world. They were also one of the first gov't issued silver and gold bullion coins starting in 1982. They are minted by 3 different government run mints in China. The Shenzhen, Shanghai and Shenyang mints as well as other smaller mints. I have collected these for years and have an on going Dansco set and a slabbed set The earlier mintages were anywhere from 10,000 to 500,000. The last few years the mintages have been increased to 8 mil. I have always said, (and have been chided by the silver bullion know it all's here) that even though the mintages have increased, the market for these has just begun. Prior to 2011, the Chinese populus was forbidden to own bullion or bullion coins. Post 2011, there are now approx. 2 billion more people who are now able buy these coins. Do the math. Now the naysayers can tell me how the #2 economy in the world is not going to be a jingoistic market for these coins. Report this Post to the Staff
nalaberong Pillar of the Community Canada 2805 Posts	Posted 02/13/2014 4:32 pm Some countries outsource their bullion coins (Armenia, Fiji...) while others are domestic (most of the well-established ones). Report this Post to the Staff
davec13 Pillar of the Community United States 757 Posts	Posted 02/13/2014 5:42 pm I've won 2 so far this week, both of them were $28. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 02/13/2014 6:26 pm Quote: Post 2011, there are now approx. 2 billion more people who are now able buy these coins A significant percentage of which could never afford one even if they wanted one. 2011 wasnt exactly yesterday, theres been a couple years now for that aspect to influence the market yet in 2014 were discussing a later dates price moving UP to 30 dollars. Theres always going to be a premium here over Maples or ASEs simply because logistically it costs more to get them. However pushing the mintage into the millions has significantly watered down their numismatic premium. You cant find an early date for anywhere close to 30 or 40 or 50 ect. They have a pretty design but it really is as simple as you cant go from making a couple hundred thousand to almost 10 million and expect them to be treated the same by the market. Report this Post to the Staff
traevin Pillar of the Community United States 1454 Posts	Posted 02/13/2014 7:35 pm Gotta agree with BB. All my early to mid 2000's sell for $60 and up, unslabbed. The newer Pandas probably will never carry that kind of premium, IMO. The Chinese simply watered down the market, too much, which was a good idea for them. Not so much for the collector. Nevertheless, I'm still buying. After all, tradition is tradition. Report this Post to the Staff
Okie1987 Valued Member United States 105 Posts	Posted 02/13/2014 11:45 pm Silvertowne has them for just under $28 and it's free shipping. Report this Post to the Staff
	Replies: 8 / Views: 2,941

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.29 seconds to rattle this change.