Author Topic: Small proof gold pandas  (Read 6211 times)

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Offline KeyDate1/2ozPandas

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Re: Small proof gold pandas
« Reply #60 on: February 10, 2021, 10:14:42 PM »
G100Y is 888 mintage.  I turned down an offer from pandaguy212 for like $34K back in 2011 when the coin was spiking from $4K (2009) to $30K (2011).  Had sold 7-8 coins in 2011 and could not replace it at any price by August 2011 so kept my last one.  Today it is $12K coin.  Always sell when prices go parabolic, you will get another chance to buy it back.

Offline pandamonium

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Re: Small proof gold pandas
« Reply #61 on: February 11, 2021, 08:53:25 AM »
A member sent me this photo of page in book of 1993 Fu Lu Shou gold...

5 oz       99 plan         102 actual mint        NGC    I don't know
1 oz       888 plan        303 actual               NGC   148 total pop
1/4 oz    20,000 plan   3,003 actual             NGC   217 total pop
1/10 oz  10,000 plan   4,002 actual             NGC   129 total pop

I wonder why the 1/10  has the lowest NGC pop.    Prices are about $600+ in MS 69 so that should be incentive to grade.    Like Keydate's reply, prices are not cheap....


Offline KeyDate1/2ozPandas

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Re: Small proof gold pandas
« Reply #62 on: February 11, 2021, 03:14:22 PM »
I have that book and never even bothered to look up actual mintage for that coin; thanks for the info.  It is hard to believe 50% of them are graded; usually, the number is around 15-25%.  I don't remember that coin coming double sealed, every one I got was capsule only, so that might explain why so many were graded.

In 2009 I bought two pieces from Nick B at 10% above the last sale and his inventory was down to zero and I had built up 8-9 pieces.  One came up for auction and Nick asked if I was going to bid, I said, of course, I have to protect my inventory, he said you can't win.  At the time coin was $4500 and I had paid him $5000 for his coins.  I figured Nick would bid at least $5500 just to freeze me out, so I put in a bid of $6350 just to rattle him up, I ended up winning the coin at $5855 with Nick as the underbidder, that transaction started the move in that coin because next one went for $7700 which Nick won and at that point, I stopped bidding because the hot money started coming in.  That is how a coin gets hot, it takes to two crazies to clash which creates a step jump in price, and then those that are observing jump in.  The same dynamic is playing out in the stock market, except in the coin market supply so limited the trend can last years vs just days in stocks.

Offline PandaAccumulator

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Re: Small proof gold pandas
« Reply #63 on: February 11, 2021, 05:30:13 PM »
I have that book and never even bothered to look up actual mintage for that coin; thanks for the info.  It is hard to believe 50% of them are graded; usually, the number is around 15-25%.  I don't remember that coin coming double sealed, every one I got was capsule only, so that might explain why so many were graded.

In 2009 I bought two pieces from Nick B at 10% above the last sale and his inventory was down to zero and I had built up 8-9 pieces.  One came up for auction and Nick asked if I was going to bid, I said, of course, I have to protect my inventory, he said you can't win.  At the time coin was $4500 and I had paid him $5000 for his coins.  I figured Nick would bid at least $5500 just to freeze me out, so I put in a bid of $6350 just to rattle him up, I ended up winning the coin at $5855 with Nick as the underbidder, that transaction started the move in that coin because next one went for $7700 which Nick won and at that point, I stopped bidding because the hot money started coming in.  That is how a coin gets hot, it takes to two crazies to clash which creates a step jump in price, and then those that are observing jump in.  The same dynamic is playing out in the stock market, except in the coin market supply so limited the trend can last years vs just days in stocks.
Arif, thank you for sharing your interesting story. I assume you were talking about the 1oz Fu Lu Shu, is that correct?
PA.

Offline KeyDate1/2ozPandas

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Re: Small proof gold pandas
« Reply #64 on: February 11, 2021, 07:53:55 PM »
Yes, 1oz gold fu lu shu.  I did buy and sell several of the 5oz silver, they are almost impossible in 69.  The smaller size gold was common at the time and very hard to sell.  The 5oz gold was beyond my price point. 

My most prized coin from 1990s 1oz gold series is 1993 Sun Yat Sen NGC PF69, that coin hasn't lost or made a penny in 10 years, it very tough coin to find in 69 because of the high relief of the nose.  I bought mine in HK and have never been offered one in the US and probably will never see another one in the US.  I thought it would be $150K by now, but that market is still sleeping on it. There are only 12 in PF69 out 84 graded, a true collector coin.  https://www.yjzx.com/history/181586_1_213143.html


Offline pandamonium

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Re: Small proof gold pandas
« Reply #65 on: February 11, 2021, 08:56:42 PM »
I have that book and never even bothered to look up actual mintage for that coin; thanks for the info.  It is hard to believe 50% of them are graded; usually, the number is around 15-25%.  I don't remember that coin coming double sealed, every one I got was capsule only, so that might explain why so many were graded.

In 2009 I bought two pieces from Nick B at 10% above the last sale and his inventory was down to zero and I had built up 8-9 pieces.  One came up for auction and Nick asked if I was going to bid, I said, of course, I have to protect my inventory, he said you can't win.  At the time coin was $4500 and I had paid him $5000 for his coins.  I figured Nick would bid at least $5500 just to freeze me out, so I put in a bid of $6350 just to rattle him up, I ended up winning the coin at $5855 with Nick as the underbidder, that transaction started the move in that coin because next one went for $7700 which Nick won and at that point, I stopped bidding because the hot money started coming in.  That is how a coin gets hot, it takes to two crazies to clash which creates a step jump in price, and then those that are observing jump in.  The same dynamic is playing out in the stock market, except in the coin market supply so limited the trend can last years vs just days in stocks.



Usually the graded numbers are 15 % to 25%?    I thought the dealers bought up supply and graded most of Chinese coins/medals years ago.     Not many OMP out there that i know of.      I assumed that most Chinese have been graded...

The small Fu Lu Shou should do well in the future too.    That gold Sun Yat Sen i do not recall ever seeing....

Offline pandamonium

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Re: Small proof gold pandas
« Reply #66 on: February 12, 2021, 08:57:17 AM »
Past articles here said most OMP Chinese have been graded.   Is this true?    If so then NGC pop could give us a rough estimate of surviving pop?      Hard to believe a gold Fu Lu Shou w/ about 4,000 actual mint could only have a NGC pop of about 120.     Could the surviving pop be about 200 to 300?   I don't know...
   
The 1989 You You has a low NGC pop of about 70.    However, there seems to be a good supply of OMP cards.    Could the NGC pop double to about 140?     Even common 1980's gold proof pandas have NGC pop of 300 plus.
 These surviving pop numbers cannot be close to this low can they?.....


Offline pandamonium

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Re: Small proof gold pandas
« Reply #67 on: February 23, 2021, 05:12:09 PM »
Some recent sales.   Small 1993 gold pandas are getting scarce...

2000 1/10 MS 69 Frosted  $349   SOLD
1993 1/10 MS 68 SD   $320    best offer?
1993 1/20 MS 68 SD   $275    best offer?
1984 G100Y   $949.99   SOLD    2 photos

For sale
1993 5 X 50Y 1/2 gold I & D   $24,881 + ship    Ebay 391874004285   Germany   402 plan mint Rare  26 watchers
(2) 1993 1/10 gold pandas  OMP    $520/0ffer    Ebay 254870172778   no photo

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