Author Topic: Influx of Chinese Pandas in the market??  (Read 6607 times)

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Offline moosician

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Re: Influx of Chinese Pandas in the market??
« Reply #15 on: July 12, 2016, 09:22:47 AM »
@1668Chris

 :001_tt1:
I think those majority are halves ...  :drool:

Offline KeepOnTrying!

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Re: Influx of Chinese Pandas in the market??
« Reply #16 on: July 12, 2016, 09:51:39 AM »
I think you're 100% right.  There's an unprecedented amount of quality pandas which suddenly flooded the market.  I've never seen so many available like this. Not even when MCM has those MCC auction events.

Looking back at the May rankings, Arif referred to this chart and stated that he believed we were in the optimism phase.  Let's take another look.

http://china-mint.info/forum/index.php?action=dlattach;topic=12498.0;attach=36608

I believe we are now at the thrill stage on 1/2 oz pandas. We've had a massive run. Astute investors are already taking profits and are setting up the next run in the newly discovered semi-key dates.

As a collector I can't even decide which coins to target as the opportunity cost has exploded. These coins don't pop up often and there are plenty of priced to sell items.

"We're an empire now, and when we act, we create our own reality. And while you're studying that reality — judiciously, as you will — we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors… and you, all of you, will be left to just study what we do." Dick Cheney

That quote applies to this market.


This ”thrill” phase could paradoxically represent an ”anxiety” phase for others, who know what is coming next. Whenever the market lights up after-burners and heads for the sun it is only a question of time before it starts heading south. The only uncertainty is how far it will fall before finding a bottom and I don’t believe anyone knows.

A market correction may not affect much those who bought a long-time ago when the semi- and key-date coins were multiple times cheaper. The story is different for Johnny-come-lately who needs to make critical buying decisions either for collection or investment purposes.

And it is not just a fear of prices tumbling; it is also a fear of further escalation of prices. For example, I hear the 1995 1/2oz gold panda coin sold for about $4000 just a few short years ago. That would have been quite a lot of money then especially in comparison with the price of other 1/2oz gold panda coins. Now the same coin is currently worth about 7x more!

I am not an MCC veteran and by no means an expert in any of these issues; I am neither thrilled nor anxious. I am just watching with morbid fascination how things are playing out. Exciting times? Yes. Scary? Yes. But still a wonderful learning experience!

Hang on to your hats!

Postscript: It is possible that a market correction for the gold panda coins will not be a precipitous off-the-cliff type of fall given what KD1/2P presented in the second chart. But who knows!
KeepOnTrying and Never Give Up!
That lion is also after you!

Offline silverpv

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Re: Influx of Chinese Pandas in the market??
« Reply #17 on: July 12, 2016, 11:47:13 AM »
Thanks for the input guys. I tend to think that the coins are out due to the high prices and will eventually be absorbed. Several of them have already been swooped up. The question becomes is if theres more room to ride or if we're near a peak. A while ago i figured the pricing would taper off as more people began wanting to cash in or cash out. I do find it interesting that I see dealer interest is strong from my own sales and collector buying is a little slow.

Offline KeyDate1/2ozPandas

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Re: Influx of Chinese Pandas in the market??
« Reply #18 on: July 12, 2016, 04:55:09 PM »
From a wholesale perspective the real influx of material came in from late April to early June, from mid June to till now very little has come into the market.  Since gold spiked above $1300 almost nothing has come in except 1oz gold tied to melt. June 20-July 30 is vacation time for most buyers and sellers, very few transactions occur in any given year.  August kicks off with ANA, then 2 HK shows, then Long Beach that is when we will see real transaction volume. 

Offline scanusa

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Re: Influx of Chinese Pandas in the market??
« Reply #19 on: August 04, 2016, 09:48:09 PM »
I am thinking that with rising gold and silver prices and at yearly highs, buyers trapped underwater, possibly, are selling out now, thinking this is a great spot to unload coins they been holding for 4 years since the slide in gold and silver.. just my thoughts.


Offline KeyDate1/2ozPandas

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Re: Influx of Chinese Pandas in the market??
« Reply #20 on: August 04, 2016, 11:29:03 PM »
I was hoping people would take advantage of higher gold and sell, it turns out most of them sold out when gold was in the $1200s, with few coming in recently.  Overall July was a very, very slow month for people selling coins, just fraction of the volume in prior months. My inventory for sale is at 1 year trough due to so few coins coming in during the last 45 days.  Even 1oz which have been easy for me to acquire were non-existent during late June and July.