Author Topic: Hello from Colorado  (Read 1029 times)

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Offline Dayute

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Hello from Colorado
« on: April 06, 2017, 09:29:10 PM »
Hello fellow rare coin enthusiasts. Have been lurking your forum a lot lately and figured I'd introduce myself. Im a novice panda hunter and ive been buying any good deals on MCC I come across in small rural stores for about the last ten years with pretty good success. My favorite find is an OMP 91 2oz Silver Piedfort Panda I got for 10 bucks over spot back when silver was 35/oz. My favorite coin is a 1988 1 oz Palladium New York expo Panda I also got for a very good deal. It is OMP and in a box with coa. I will probably never sell it. Most of the rest of my MCC are 1oz Silver pandas. I have a few dozen OMP mostly from before 2004. My purpose for joining the board is because I want to start conserving and grading my silver pandas through ncs>ngc. I have been reading a lot of old posts about the process and may have some questions in the future. Any advice you have on grading 1989-2004 1 oz silver pandas is appreciated.

Offline Birdman

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Re: Hello from Colorado
« Reply #1 on: April 06, 2017, 09:42:15 PM »
Welcome to the forum!

Online Mirkkanen

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Re: Hello from Colorado
« Reply #2 on: April 07, 2017, 12:25:57 AM »
Here is some good advice about grading/conserving silver pandas . . .

don't do it ;) I am not joking

For many reasons, seriously I wouldn't. Here are just a few:
1) silver pandas are notorious for developing spots and exposure to air encourages this process when it otherwise might not happen.
2) the chances of getting 69 grades, the only grades that justify the cost of grading, are very hard to get with silver panda coins; most coins are 68s because of the double seal rattle effect
3) If a silver panda master set ever materializes, your OMP silver pandas will be valued just as much as 68 or 69 grades to master set accumulaters (if history is any guide). Therefore, no need to grade them!
4) You can spend that hard-earner grading money on nice new coins by buying undervalued silver pandad that are already graded. 69 grade coins from 1991-1999 are about 30 to 80% lower cost now than they were 3-4 years ago, which means they can be picked up on the cheap and sold for a profit during the next upswing

If these 4 reasons don't convince you, may God help you :)

Good luck with your decision.

Offline tater

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Re: Hello from Colorado
« Reply #3 on: April 07, 2017, 12:26:26 AM »
Welcome to the group.  Start posting some pics and we can start talking specifics.  I collect the silver pandas also.  They are getting hard to find over here in your neighboring state of Utah.  About all I can find are 2005's.

Offline tater

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Re: Hello from Colorado
« Reply #4 on: April 07, 2017, 12:30:48 AM »
Here is some good advice about grading/conserving silver pandas . . .

don't do it ;) I am not joking

For many reasons, seriously I wouldn't. Here are just a few:
1) silver pandas are notorious for developing spots and exposure to air encourages this process when it otherwise might not happen.
2) the chances of getting 69 grades, the only grades that justify the cost of grading, are very hard to get with silver panda coins; most coins are 68s because of the double seal rattle effect
3) If a silver panda master set ever materializes, your OMP silver pandas will be valued just as much as 68 or 69 grades to master set accumulaters (if history is any guide). Therefore, no need to grade them!
4) You can spend that hard-earner grading money on nice new coins by buying undervalued silver pandad that are already graded. 69 grade coins from 1991-1999 are about 30 to 80% lower cost now than they were 3-4 years ago, which means they can be picked up on the cheap and sold for a profit during the next upswing

If these 4 reasons don't convince you, may God help you :)

Good luck with your decision.


Hey just curious which years you are seeing being over 50% to 80% lower than 5 years ago?  I haven't been looking at the graded stuff that long and back than I was just buying what ever raw coins my local shops had in stock.

Online Mirkkanen

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Re: Hello from Colorado
« Reply #5 on: April 07, 2017, 12:39:05 AM »
1993ld
1994
1995 microdate
1998ld
1999serif
(as well as the more common varieties from those years)

A serif 1 1999 used to cost $600 in MOO and was about $800-$900 in a 69 grade. Today, you can buy that 69 grade for $400-500 I believe. The 1995 microwave was a $1000-$1300 coin at one point, although i never owned one. Now it can be bought on eBay for $600-$700, I think. Just saw a listing recently. The 1998 I'd was a $300-350 coin (if not more), and today it is trading at around $150-175?? Same.for 1994 . . . used to be $200-$250 but now $150-$180 , I believe. 1993ld used to be super expensive in 69, maybe $400, and now . . . $200 give or take $50. Significant changes.

Offline tater

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Re: Hello from Colorado
« Reply #6 on: April 07, 2017, 12:48:27 AM »
1993ld
1994
1995 microdate
1998ld
1999serif
(as well as the more common varieties from those years)

A serif 1 1999 used to cost $600 in MOO and was about $800-$900 in a 69 grade. Today, you can buy that 69 grade for $400-500 I believe. The 1995 microwave was a $1000-$1300 coin at one point, although i never owned one. Now it can be bought on eBay for $600-$700, I think. Just saw a listing recently. The 1998 I'd was a $300-350 coin (if not more), and today it is trading at around $150-175?? Same.for 1994 . . . used to be $200-$250 but now $150-$180 , I believe. 1993ld used to be super expensive in 69, maybe $400, and now . . . $200 give or take $50. Significant changes.

Yeah I see your point I didn't think about the 1999 1 serrif.  My limited research would add the 2000 mirror ring to that list.

Online Mirkkanen

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Re: Hello from Colorado
« Reply #7 on: April 07, 2017, 12:50:20 AM »
Probably so. 2000 mirror used to be $1000+ and now $700-$850??

Offline KeepOnTrying!

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Re: Hello from Colorado
« Reply #8 on: April 07, 2017, 08:17:10 AM »
Same thoughts about not opening your early issue OMPs for now. One needs to find out the antidote for white spotting before risking exposure of these increasingly precious coins to atmospheric trigger factors.

Best wishes.
KeepOnTrying and Never Give Up!
That lion is also after you!

Offline Dayute

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Re: Hello from Colorado
« Reply #9 on: April 09, 2017, 02:35:47 PM »
Thank you for all the replies, and apologies for the slow reply by me. You guys really changed my perspective quickly and i had to really change my goals for collecting. Part of the reason for wanting to get into grading is because ive run out of stuff to buy. I dont trust buying ungraded stuff on ebay and my local markets have all dried up. The problem with grading my stuff is that lower scores are pretty worthless right now. Thinking about that solved my dilemna of not having anything to buy. Im gonna start buying anything i think is highly undervalued in the lower ratings. My thinking is that in 30 years ms68 is not going to be such a low rating. Let someone else spend all the money in the grading costs and just hang onto my omp stuff for the day when omp stuff is impossible to find.

Offline Dayute

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Re: Hello from Colorado
« Reply #10 on: April 09, 2017, 03:12:47 PM »
I really hadnt seen how low pricea have gotten on some of this stuff on ebay.

Online Mirkkanen

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Re: Hello from Colorado
« Reply #11 on: April 09, 2017, 03:45:31 PM »
Or you could try buying undervalued gold pandas . . .