Author Topic: 1982 1 oz Gold Panda  (Read 1244 times)

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Offline Mr-Panda

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1982 1 oz Gold Panda
« on: October 08, 2016, 01:18:58 PM »
Hello Everyone.

I have a raw 1982 1 oz gold panda.  It is still sealed in the original plastic, but has a slight quarter-inch opening on one side.  The opening is not enough to slide the coin in and out.  I have had several offers for this piece, but believe them all to be fairly low.  I am considering sending this piece in for grading because it is perceptibly flawless.  Dealers have told me that NGC grades 1982 1 oz gold pandas on a different basis than other pandas, and it will be difficult to get a 69.  I have also heard that the plastic used for the 1982 coins is the type which is harmful to the coin, so that also gives me incentive to get it out.  It has been sealed like it is now for YEARS.  Nearly all dealers in the U.S. I speak to say to keep it sealed and that they would buy it as is.  Does anyone have a suggestion on what I could do with this piece?  Is it best to keep it sealed or remove it and send it in for grading?  Are these pieces actually graded differently than other pandas?  What kind of value should a piece like this have in raw condition?

Any help is greatly appreciated.

Thank You.

Offline jc888888888

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Re: 1982 1 oz Gold Panda
« Reply #1 on: October 08, 2016, 03:00:56 PM »
It is true 1 oz panda,s are extremely difficult to obtain a ms69 grade I have graded 7 or so recently  and zero ms69 all these coins where pristine ,I also know other forum members with the same experience

Offline pandamonium

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Re: 1982 1 oz Gold Panda
« Reply #2 on: October 08, 2016, 03:47:18 PM »
Is this one still on ebay?     1982 MS 69 1 oz Gold Panda    $10,999      Ebay 322282627701      Only 69 on ebay and much higher price than the others...

Offline jc888888888

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Re: 1982 1 oz Gold Panda
« Reply #3 on: October 08, 2016, 04:03:48 PM »
thats is high, but 8k is probably not too out of line for ms69   That speaks volumes to the grade rarity.. an ms 66 2800 to 3300 estimate  when you send in 7 real nice looking OMP coins to NCS and not 1 comes back 69 ..... my experience is echo,d by quite a few other very reputable MCC folks

Offline jc888888888

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Re: 1982 1 oz Gold Panda
« Reply #4 on: October 08, 2016, 04:09:20 PM »
correction ms68

Offline Mr-Panda

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Re: 1982 1 oz Gold Panda
« Reply #5 on: October 09, 2016, 03:48:12 AM »
I appreciate all of the feedback.  Is it best to send to NCS first and let them forward the piece to NGC on the 1982 1 oz gold panda in particular?  I believe that I will send this in for grading, but I need to know the proper way to submit a piece like this.  Should I take the piece out of the original plastic?  Should I send it to NCS and then NGC still sealed?  Should I send it sealed to NGC only?  Also, please note that I have been offered what I believe are dealer prices of 2500-2750 for the piece sealed and as-is.  I feel that is too low, and it would be better off to try sending the piece in to see what it might grade out to be.  IMHO, this piece is perfect and seemingly flawless to me.

So, any notes on whether my dealer offers are generally the ball-park for sealed pieces, or is it low?  What might be the best way to submit a sealed 1982 1 oz gold panda?  As always, any help is greatly appreciated.

Thank You.

Offline jc888888888

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Re: 1982 1 oz Gold Panda
« Reply #6 on: October 09, 2016, 06:52:26 AM »
yes ,send it to NCS and let them forward it ,I believe you will need 5 coins to submit though? you can send it as is in OMP ..your offers are not horribly low ..they are taking into account the high probability the coin will come back ms68 or 67 . I understand you think the coin is flawless .I am not questioning your judgement by no means. NGC for whatever reason in my opinion does not grade this coin fairly .... I dont believe they take into account that it was the first Panda made and the dies are a little rough .That in my opinion adds to its charm. Also many from being in PVC laden OMP holders are slightly damaged. .Again I sent in 7 coins that I am sure where like yours in OMP .IMHO looking at my notes at least 4 where ms69 but my opinion doesn't matter they all came back ms 68, ms67.Before I graded mine I asked the opinion of a highly respected forum member here who has graded more than a dozen of these coins with no ms69 ...His comment "Joe dont get your hopes up "  :)  I will tender you the same advise AND WISH YOU the best of luck.... you have no downside risk really the coin is worth 3k in ms68,and you never know you jackpot a 69 and you elevate the value by 5k at least. Regard,s Joe