Author Topic: WOW of the day  (Read 568874 times)

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Offline PandaOrLunar

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WOW of the day
« on: April 07, 2011, 04:38:50 AM »
1985 China International Year of Women Silver Coin

Current bid US$1,735.00 with 13 hours to go.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=350452142880&ssPageName=STRK:MEWAX:IT


Offline PandaOrLunar

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« Last Edit: April 11, 2011, 09:52:46 PM by PandaOrLunar »

Offline PandaOrLunar

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Re: WOW of the day
« Reply #2 on: April 16, 2011, 11:07:51 PM »

Online PandaCollector

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Re: WOW of the day
« Reply #3 on: April 17, 2011, 12:41:40 AM »
I found another one advertised for $608.00. It looks like it's in better condition, too.

Best wishes,
Peter Anthony
http://www.pandacollector.com

Offline BChung

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Offline Panda Halves

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Re: WOW of the day
« Reply #5 on: April 17, 2011, 11:40:11 AM »
Yes, seller au3000 has several gems for sale at ridiculous prices. Sellers like this are horrible. Inexperienced sellers and buyers see coins offered for 3 to 7 times market price and think their coins are worth more than they are. That is the difference between what coins are offered at and what they actually sell at. I notice he also quotes Jay from rare panda coins in a dishonest auction. This sucks on several levels. People should not give business to this kind of seller. But hey, the dishonestly priced 1/10 gold 2001 coin is 5% off for a limited time only! If you wait too long it will be back over $25,000. What a joke.

Offline sbeverly

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Re: WOW of the day
« Reply #6 on: April 24, 2011, 10:36:23 AM »
China Panda Gold and Silver Coins Hardcover Book

Wow... I got one of those on my bookshelf. The pricing on anything Panda
related sometimes astounds me.

Offline Grip

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Re: WOW of the day
« Reply #7 on: April 24, 2011, 06:50:45 PM »
http://cgi.ebay.com/ANOTHER-NGC-ERROR-2001-GOLD-PANDA-PROOF-LIKE-CHINA-/350456363652?pt=LH_DefaultDomain_0&hash=item5198d3ba84#ht_2055wt_954

Check this out... another unhonest seller
I wouldn't say he's necessarily dishonest, just opportunistic and fishing for clueless whales. If anyone buys this coin, they are :(1)- Rich and Insane, (2)-  Rich  with nothing else to  buy but oddities they don't understand (see #1),  3) Rich and know something we don't. If this coin sell's (it won't) I'm gonna list my recently mislabeled (1 oz gold LD 96 that is actually a SD ) for 1,000,000.00. If I get any takers (I won't) I'm moving to Hawaii to harass KJ. Go see Soul Surfer-great flick!!  
« Last Edit: April 24, 2011, 07:06:27 PM by Grip »

Offline BChung

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Re: WOW of the day
« Reply #8 on: April 24, 2011, 11:23:03 PM »

Online PandaCollector

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Re: WOW of the day
« Reply #9 on: April 25, 2011, 12:02:56 AM »
The seller makes some statements about the rarity of the 1998 Large Date Pandas that strike me as questionable. For instance, how did he arrive at the less than 600 mintage for the 50 Yuan coin? I am also not in agreement that the 10 Yuan is the rarest of all 1/10 oz. Panda varieties. In any case it is an outstanding set of coins he is selling.

Best wishes,
Peter Anthony
http://www.pandacollector.com


Underbidder

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Re: WOW of the day
« Reply #10 on: April 25, 2011, 03:12:40 AM »
Working off your figures, Peter, there seem to be quite a few 1/10 oz gold pandas rarer than the 1998.
Obviously, the 2000 Mirror, the 1999 Serif, some Proofs, 2001-D,  But what I am intrigued by, is both quite a few of 1990 decade BUs which you have listed lower than your 1998 BU estimate of 11,000, but with a reported 1998 mintage of 8,502? Typo?
Sticks out as odd..... :confused1:

KonaJim

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Re: WOW of the day
« Reply #11 on: April 25, 2011, 03:14:52 AM »
An ungraded 1998 large date set sold in Chicago in a private sale for I think it was $ 28,000.00.  Several people witnessed the sale.  If someone could get this set for $ 22,000.00 more, and all in a 69 grade from PCGS, that would be a large premium over the ungraded set, but you are not going to get a lot of opportunity for these coins in this grade.

The 1998 Panda large date set is by far the most sought after set in China.  It is more desirable than the 2000 mirror set, or the 1999 large date serif 1 set.  I'm not saying it is the rarest set, maybe nobody knows for sure, but it is the most desirable set right now.

I will defer to Peter's expertise on populations but 600 coins seems reasonable given that the total population is 4,168 for both large and small dates.  In October I was offered a set in this grade for $ 20,000.00.  I wish I had taken that offer.  

Online PandaCollector

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Re: WOW of the day
« Reply #12 on: April 25, 2011, 03:49:08 AM »
Working off your figures, Peter, there seem to be quite a few 1/10 oz gold pandas rarer than the 1998.
Obviously, the 2000 Mirror, the 1999 Serif, some Proofs, 2001-D,  But what I am intrigued by, is both quite a few of 1990 decade BUs which you have listed lower than your 1998 BU estimate of 11,000, but with a reported 1998 mintage of 8,502? Typo?
Sticks out as odd..... :confused1:

Yes, there is a typo (oh, the pain!) for the 1/10 oz BU coin. The true estimate is around 6,000.

Jim, you are correct that there is far more demand for the 1998 than any of the other perhaps rarer varieties. The market will always have favorites and that's part of the fun. But here is the rub with the 4,168 revised mintage figure: there are reasons to doubt its accuracy. That makes it tricky to base other population estimates on it and have confidence in them, especially when quite a bit of money may ride on their validity.

Best wishes,
Peter Anthony
http://www.pandacollector.com

KonaJim

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Re: WOW of the day
« Reply #13 on: April 25, 2011, 03:46:12 PM »
I've spoken a lot on "popularity" versus "rarity".  A good example would be my recent sale to a Forum member of my 1993 gold 1/2 oz. Invention & Discovery set.  The price was $ 26,000.00, all coins in NGC PF69UC.  How does this set compare in "rarity" to a 1998 Panda large date set?  I think the I&D set is a much better buy.

Offline pandaguy212

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Re: WOW of the day
« Reply #14 on: April 25, 2011, 04:28:04 PM »
I think the 1998 LD graded 69 is pretty rare. The Invention and Discovery series came double sealed from the mint(I think but am not sure) and was well protected, while the 1998 LD came out as bullion. So to find a 98 LD in good enough condition that it will grade 69 is pretty difficult.