Author Topic: 1997 1/20 Platinum Panda  (Read 1840 times)

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Offline Mr-Panda

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1997 1/20 Platinum Panda
« on: October 08, 2016, 01:45:02 AM »
Hello Everyone.  I have a 1997 1/20 oz Platinum Chinese Panda graded by NGC as PF 69 Ultra Cameo.  I am looking for more information on this piece.  I was told by a member of Cointalk.com to try this website, so here I am.  If possible, could anyone help with the following:

1. Does anyone have any information on what the actual mintage of this piece may be? Through my research I have noticed that there is an "official" mintage of 5,000 pieces, but the actual number of pieces minted is considered to be "a fraction the stated number". Other sites say that there may only be 100 or 200 in existence today. Does anyone have more information on this? Also, what might have been the cause for such a reduced mintage of these?

2. What would be a good value to put on this piece? The NGC price guide gives a price for a 69 at $6,500. The PCGS price guide gives a price for a 69 at $6,241. I understand that the values given should be somewhat taken with a grain of salt. I also understand that the actual prices of rarities such as this are going WELL ABOVE (sometimes double) the US prices when being traded overseas in China to prospective buyers.

3. I am interested in selling this piece, but every buyer I talk to wants me to give a price first. I understand that this must be an ultra-rare piece, but there must be some basis to come up with a price point initially. Does anyone have any information on what these may be traded at? Has there been a recent auction or sell of this particular coin with an actually sell price listed?

Any help on any of the above questions would be greatly appreciated. Also, any further discussion on the Chinese Platinum Panda series, and this piece in particular, would be very much welcome.

Thank You.

Offline ccl

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Re: 1997 1/20 Platinum Panda
« Reply #1 on: October 08, 2016, 02:04:22 AM »
Hello, recently sold for $6626
http://www.yjzx.com/JingPai/show/sta/1/tid/41929/pid/59945.html

I'll pay 5500

Offline Mr-Panda

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Re: 1997 1/20 Platinum Panda
« Reply #2 on: October 08, 2016, 02:46:04 AM »
I appreciate the offer, but I am not necessarily ready to sell at this time.  I am more interested in answering the questions above and having an idea of what this piece is worth for when i am ready to sell, which might indeed be very soon.

Offline 1668Chris

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Re: 1997 1/20 Platinum Panda
« Reply #3 on: October 08, 2016, 05:25:52 AM »
Just perform a search for 1997 platinum on this site and you can find all the info you need. 

Offline KeyDate1/2ozPandas

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Re: 1997 1/20 Platinum Panda
« Reply #4 on: October 08, 2016, 10:47:26 AM »
NGC price guide seem to have pegged this coin at the right level around $6500 since the price has been flat for awhile.  If want to sell today to a dealer you could get 80-90% of the price guide value, which is about the same you would net if you sold on Ebay for $6600 after fees.  The rarities in 69 grades are easy to sell, it is <69 that become dicey, as collectors all want ms69 or nothing.

I sold the coin in June from my personal collection for $7500, I really didn't want to sell since I bought it in 2009 for $800 as raw, so asked a high price and to my surprise he bought it. Price the coin at a price you are happy with and wait or hit the sell button and get a dealer to pay you $6000, don't over analyze situation for modern coins, because almost every modern coin is replaceable over a year period, most vintage coins in top grade are not replaceable so there you need to realize that once you sell it may be decades before you can buy it back.

Offline Butch

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Re: 1997 1/20 Platinum Panda
« Reply #5 on: October 09, 2016, 09:58:03 PM »
What a great site to have around.  How are these valued in their double-sealed mint packaging?  Same as 69?  More?

Offline Mr-Panda

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Re: 1997 1/20 Platinum Panda
« Reply #6 on: October 10, 2016, 10:49:35 PM »
I have not seen the 1997 Platinum panda sealed in plastic.  You are referring to the PLATINUM panda, not the Gold, correct?  Also, do you physically have the piece?  If so, please show a picture of what you have.

Offline Butch

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Re: 1997 1/20 Platinum Panda
« Reply #7 on: October 10, 2016, 10:55:50 PM »
Yes, platinum.  It was purchased from Xuhong a while ago.  I am kind of wary about posting photos in public.

Offline MrOrganic

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Re: 1997 1/20 Platinum Panda
« Reply #8 on: November 19, 2016, 12:37:59 PM »
$6,650 CP
$6,825 9/16 C
$6,299 1/16 C
$6,292 7/14 C

Panda Pricepedia sold prices
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