Recent Posts

1

Modern Chinese Coins / Re: Bull Market - Gold Pandas

« Last post by bonke on Today at 07:29:55 PM »

Arif

In the past, Master Sets were used as "strategic" presents in the PRC.  PRC coin dealers would contact USA coin dealers with a list of gold panda coins which were needed to complete Master Sets.  If the USA inventory is gone or almost gone and if shipping from the USA to the PRC is impossible, we will not participate in this increased demand for coins to complete Master Sets.  Our pricing for gold panda coins in the USA should rise or fall independently of any market activity in the PRC.

Mark Bonke

 

2

Modern Chinese Coins / Re: Bull Market - Gold Pandas

« Last post by pandamonium on Today at 06:41:07 PM »

Interesting.     I see more sales and higher prices on ebay mostly for small gold pandas and proofs that new collectors can or are willing to afford.   However, some weeks prices are up and the next week prices may drop.    That should change soon.

I also post on my topic and others about small gold pandas w/ NGC total pop for 1/4, 1/10 & 1/20.     
The Proof 1/10 have 383 pop 1987 to 109 pop 1994.   1/20 367 pop 87 to 111 pop 94.   
Eventually when 1,000 or more Chinese collectors and 1,000 or more world wide collectors want a small proof gold panda then we can see prices climb quick.     Seeing numbers on paper makes it easier to comprehend....

Keep in mind what the IMF stated over the last few years.   They plan to devalue the USD and increase the value of the Yuan due to fundamentals.   We can imagine what will happen to Chinese money/coins/medals.   

All Chinese will rise in value so now is the time to buy while there is still inventory and low prices.....

Lots of articles say bullion is hard to find too...

3

Modern Chinese Coins / Re: Bull Market - Gold Pandas

« Last post by pandaccumulator on Today at 05:47:56 PM »

Prices, especially on gold pandas are definitely up over the past six months.

As an example, I bid quite aggressively on 11 lots last night and only won 3(3/11= 27%). In comparison, I won 21 out of 34 lots (21/34=62%) in Last Sep's HK auction.

4

Modern Chinese Coins / Re: Bull Market - Gold Pandas

« Last post by Clark Smith on Today at 05:11:00 PM »

The 1995 proof 1oz gold PF69 for $7500 was too low.   
One sold at Heritage HK in 8/2019 for $8400.
Seems to be cheap.   Awesome design, really low mintage....

Who wants to sell me one ?

Shipping to China will get worse in September with the new rules.
I think shipping from China will get easier when using Fedex.

5

Modern Chinese Coins / Re: Bull Market - Gold Pandas

« Last post by KeyDate1/2ozPandas on Today at 05:02:55 PM »

We know why gold pandas are going up, master set demand.  Investors in China know that their currency could get weaker and gold is a great hedge.  We in the US know that supply is non-existent and shipping to China is impossible, so that is driving prices up for US buyers.  I am scared to sell because I know I cant replace coins. 

All the risks are part of the proposition when investing in China.

6

Modern Chinese Coins / Re: Bull Market - Gold Pandas

« Last post by bonke on Today at 04:20:30 PM »

Arif

Do you think this surge in prices will be limited to gold pandas of rare or semi-rare dates?

In 2010 and 2011, we saw movement in the market for modern Chinese coins which may have been related to the financial crisis of 2008 and 2009.  In 2020, we have a collapse of economic activity related to Covid-19, a collapse of the price of oil, trade wars and social disharmony.  With all of these interacting problems in the USA, Hong Kong and beyond, I have trouble understanding the financial impacts and their eventual resolution.

Any insight and predictions for the future will be much appreciated.

Should I sell my modern Chinese coins and medals?  In contrast, should I buy more?  If so, should I limit any purchases to bullion or should I also purchase collectible coins?

Last night, I bid on a few items in the Heritage auction and was outbid by much stronger bidders with "deeper pockets."  Maybe, it is too late to add to my collection.

 Mark Bonke

7

Modern Chinese Coins / Bull Market - Gold Pandas

« Last post by KeyDate1/2ozPandas on Today at 02:11:04 PM »

Heritage auction results were very strong for many coins, especially the gold pandas.

1994 1/2 NGC MS69 sold for $6600, the start of the year the coin was $3500.
1995 1oz omp sold for $5200, the start of the year the coin was $3200.
1995 1oz NGC PF69 sold for $9000, the start of the year coin was $7500.
1997 1/2 NGC MS69 sold for $2600, the start of the year the coin was $1600.

The cultural coins prices were ok, some higher than expect others lower.  The only disappointment was 2016 ANA medal set, 1oz gold, 1oz silver, 50g silver, 1oz copper, 12oz silver sold for only $3400.  Back in 2016 I sold multiple sets for $10K-$13K, the issue price was $3.5K but that was only via lottery, and only 25 were sold that route, the rest were aftermarket $7K+ the day of release.

Very few sellers and many buyers right now.  Gold pandas from 1982-1984, 1990-2003 are red hot.  Normally I grade coins from those years, but now with OMP prices same as 69 there is no need to even grade many coins (82 is the exception).  This reminds me of 2010-2011, prices would increase 10% a month, but back then supply was abundant so you didn't feel bad to sell something a month ago only to see it 20% higher, now you sell it and it may take months before you see it again.

8

Buy, Sell & Trade / Sell - silver 10y coins (2000-2013)

« Last post by bonke on Yesterday at 06:42:58 PM »

I have consigned 21 Chinese silver 10y coins from 2000-2013 to Great Collections.  All coins are in NGC holders.  This includes a set of lunar fan-shaped coins (2000-2011) and some fancy little pandas.  The opening bids are reasonable (from my perspective as a seller) and it may be an opportunity to purchase these coins at below market prices.  The auctions end in 8 days and the bidding is light.  Each lunar coin has one bid and the pandas have zero bids.  Possibly, the market is weak at this time.

Mark Bonke 

9

General Discussion / Re: Why Gold will be flat or GO DOWN!!!!!

« Last post by pandamonium on Yesterday at 08:11:38 AM »

Buy!

G News  "Three Gorges Dam";  CCP ignores warning signs, even wants it to collapse.

See photo.   I am no structural engineer but common sense says it could collapse soon.
What will collapse first?   USD or Three Gorges Dam?......

10

Modern Chinese Coins / Re: 1990 16.5 oz Vault Protector silver

« Last post by pandamonium on July 10, 2020, 09:51:44 PM »

A bit more info on this big silver, see photo.

China;  2 sales each in 2017 & 18.     1 sale each in 2019 & 20.   

Yuan to USD  7,770 Y = $1,109 USD,  7,455 Y = $1,065 USD,  5,775 Y = $825 USD,  9,765 Y = $1,395 USD

Rare & undervalued.    I am convinced now...

Goldseek   "Banking on a bluff;  The biggest gold scam in modern history".     (gilt copper in China)
Gold Review   "60 m oz of digital silver just traded in 15 minutes"             (60 million oz)
The gold/silver price con game will continue until the bitter end.....