Topic: Perhaps a good deal on a 1/2 oz gold panda?

[Birdman]

In the spirit of freely sharing information, and in treating people the way you'd like to be treated, I'll point out the following.  As I write this, the spot price of gold is about $1715, meaning the spot price of a half ounce of gold is about $858.  I noticed that Apmex is currently selling PCGS MS69 2007 gold 1/2 oz pandas for $958.

http://www.apmex.com/Product/23553/2007_1_2_oz_Gold_Chinese_Pandas___MS_69_PCGS.aspx

The authorized mintage on this coin appears to be 60,000.  I'm not sure of the actual mintage or how many were melted, but if I can pick up a PCGS certified MS69 of a China gold coin of that mintage for 100 bucks over spot, when it is listed by reputable dealers elsewhere for over $100 more, then that seems like a pretty good deal.  I bought two at that price.  It seems like a reasonable bullion play with a numismatic twist.

In the interest of full disclosure, I do own many gold 1/2 oz and 1 oz pandas.  And, there is a downside risk if the spot price of gold plummets...Those individuals who are more knowledgeable than I am are welcome to chime in on whether they think this is, or is not, a good entry point for a long term investment.  I welcome the discussion and the learning experience.

Reciprocally, if one of you all finds what you think is a good deal, let me (us) know.  We can think for ourselves whether we want to make a purchase, but we can help each other out in sniffing out prospects.

[panda]

I always think APMEX is a bad panda recycle bin

[panda]

You can only see "stock picture" instead of actual coin picture.

I bought serveral  NGC MS69 silver pandas from APMEX, half have white spot and 1 even has a huge black spot

[panda]

I will never buy coins from APMEX, but thanks for your sharing.

[dynamike51]

In the spirit of freely sharing information, and in treating people the way you'd like to be treated, I'll point out the following.  As I write this, the spot price of gold is about $1715, meaning the spot price of a half ounce of gold is about $858.  I noticed that Apmex is currently selling PCGS MS69 2007 gold 1/2 oz pandas for $958.

http://www.apmex.com/Product/23553/2007_1_2_oz_Gold_Chinese_Pandas___MS_69_PCGS.aspx

The authorized mintage on this coin appears to be 60,000.  I'm not sure of the actual mintage or how many were melted, but if I can pick up a PCGS certified MS69 of a China gold coin of that mintage for 100 bucks over spot, when it is listed by reputable dealers elsewhere for over $100 more, then that seems like a pretty good deal.  I bought two at that price.  It seems like a reasonable bullion play with a numismatic twist.

In the interest of full disclosure, I do own many gold 1/2 oz and 1 oz pandas.  And, there is a downside risk if the spot price of gold plummets...Those individuals who are more knowledgeable than I am are welcome to chime in on whether they think this is, or is not, a good entry point for a long term investment.  I welcome the discussion and the learning experience.

Reciprocally, if one of you all finds what you think is a good deal, let me (us) know.  We can think for ourselves whether we want to make a purchase, but we can help each other out in sniffing out prospects.

Birdman:

Congrats on your new position !!! Wish you had a better pay rate, though. 

" In the interest of full disclosure, I do own many gold 1/2 oz and 1 oz pandas. "

What you did there is great. Wish all staff members will take note and follow suit.

[Panda Halves]

What you did there is great. Wish all staff members will take note and follow suit.

I don't have any 1oz gold pandas at all....   

[dynamike51]

I don't have any 1oz gold pandas at all....   

PH,

That's because you're the smart one. 1/2 oz denomination is rarer than 1 oz - thanks to you, now I'm starting to collect 1/2 oz varieties.

In any event, my comment wasn't directed at you, PH. You're in the clear.  

[r3globe]

Thanks PH for the good deal alert. I do think it is a good deal, if the coins are clean.

Now, I have a potentially good deal tip on a non-chinese silver coin with a mintage of 900! The seller is running a "Halloween" special that will make the coin even more attractive. Since it is a non-chinese coin, I will not get into details here. If anyone is interested, email me r3globe@yahoo.com. Thanks!

[Josip Broz Tito]

@Birdman

You did god purchase, 200 Yuan 1/2oz Gold Panda 2007 has a Mintage of 42 700 

[Panda Halves]

Thanks PH for the good deal alert. I do think it is a good deal, if the coins are clean.

Now, I have a potentially good deal tip on a non-chinese silver coin with a mintage of 900! The seller is running a "Halloween" special that will make the coin even more attractive. Since it is a non-chinese coin, I will not get into details here. If anyone is interested, email me r3globe@yahoo.com. Thanks!

Not my alert. It was Birdman's : )

[wg]

I don't have any 1oz gold pandas at all....  

however - small pandas have a nice omp  


regards

[Birdman]

however - small pandas have a nice omp   


regards

Is that your stash of gold pandas?!  Lovely :)

[dynamike51]

Is that your stash of gold pandas?!  Lovely :)

That's ONE of the many stashes.  

[Honus]

@Birdman

You did god purchase, 200 Yuan 1/2oz Gold Panda 2007 has a Mintage of 42 700  

I didn't know this updated mintage info had been released for 2007....when was it released and by what source?   Thanks for sharing, that's good to know.

[Birdman]

I didn't know this updated mintage info had been released for 2007....when was it released and by what source?   Thanks for sharing, that's good to know.

Yes, I had the same thought and the same question.  Interesting.