Author Topic: Caught the bug, wanting to start from the beginning  (Read 1844 times)

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Offline scanusa

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Caught the bug, wanting to start from the beginning
« on: August 31, 2016, 02:05:16 AM »
So I been going through what I have, or should I say, had started in collecting silver Pandas in early 2000. So far so good, then I stopped for several reasons.

But I am back at it again, but this time I really want to start with the first silver panda, which is the 1983 panda. So, reading up, learning, and it seems to be a rare coin. Am I barking up the wrong tree, as will this be a fruitless voyage/goal on my part?

Also, would this be a good time to start collecting the older pandas, seeing that spot prices are still relatively low?

thoughts, opinions?

thanks in advance!

Offline Mirkkanen

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Re: Caught the bug, wanting to start from the beginning
« Reply #1 on: August 31, 2016, 02:42:56 AM »
1983 is the key date. Prices for it have been lower, but they have been higher as well. Now is not a bad time to pick one up. Since the market has been completely focused on gold pandas for several years now, silver panda prices are 20-50% lower than their most recent peaks.

If you are looking to find an NGC MS69, expect to pay in the $2700-$3200 range. If you'll consider a PCGS coin, you might find one slightly cheaper. For an NGC MS68, $1800-$2000 seems to be the current range. For 67s, $1500-$1750 should be your buy zone.

Be selective. Get a nice example from that year, don't settle for any example. Try to find a coin with non-cloudy mirror surfaces.

If silver pandas ever reignite, the 1983 should pop and return to prominence. When? I don't know.

Offline scanusa

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Re: Caught the bug, wanting to start from the beginning
« Reply #2 on: September 01, 2016, 02:07:06 AM »
Mirkkanen, thank you so much for the suggestions and price points, I appreciate it!

i am going to embark on my goal!

Offline Bluefin646

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Re: Caught the bug, wanting to start from the beginning
« Reply #3 on: January 22, 2017, 08:05:32 AM »
Those prices are for a 1983 silver panda?

Worth more than gold?

Offline Mirkkanen

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Re: Caught the bug, wanting to start from the beginning
« Reply #4 on: January 22, 2017, 02:02:33 PM »
1983 silver pandas are relatively tough to find in excellent condition and they command a very large numismatic premium. They are a proof coin, the first year of silver Panda production, and they are notorious for having clouding in the fields. Current value for an NGC MS69 1983 silver panda is about $2600- $2700, while 68s are valued at about $1800- $1900. A 67 can be found for $1550-1750. OMP around the 1500 mark, unless it is a pristine coin. Then, the seller may want more, and deservedly so.

Offline MrOrganic

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Re: Caught the bug, wanting to start from the beginning
« Reply #5 on: June 12, 2017, 12:32:50 PM »
BUY what you LIKE

Low mintage

if graded....buy TOP of the pop
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