Author Topic: New Hong Kong Coin Show Panda  (Read 7897 times)

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Offline Mirkkanen

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Re: New Hong Kong Coin Show Panda
« Reply #15 on: November 01, 2016, 01:29:14 AM »
I plan to ignore them ;)

If they are so handsome, why such a low mintage?  Oh, right. Because nobody wants them :)

Offline xiaohei99

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Re: New Hong Kong Coin Show Panda
« Reply #16 on: November 01, 2016, 02:31:38 AM »
I plan to ignore them ;)

If they are so handsome, why such a low mintage?  Oh, right. Because nobody wants them :)

Agreed. I'm sick of so many newly issued so-called "official medals" to celebrate some shows, despite some seasoned forum members even got involved in selling or promoting.
They might have some desirable designs, but considering their hefty price compared to other coins readliy available, I don't see why choose these medals.
No offense, just my 2 cents.


Offline Tao-Panda

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Re: New Hong Kong Coin Show Panda
« Reply #17 on: November 01, 2016, 03:35:21 AM »
Agreed. I'm sick of so many newly issued so-called "official medals" to celebrate some shows, despite some seasoned forum members even got involved in selling or promoting.
They might have some desirable designs, but considering their hefty price compared to other coins readliy available, I don't see why choose these medals.
No offense, just my 2 cents.

I agree at 100% !

Offline pandamonium

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Re: New Hong Kong Coin Show Panda
« Reply #18 on: November 01, 2016, 06:21:45 AM »
The China mint stated they will begin to produce many more new issue, low mintage medals so this is the beginning.    I do not think all will be Show Pandas.    Again, the collector's attention should be given to early issue, low mintage medals.    Maybe this new issue medal run will begin a discussion in China of Medals VS Coins.    Medals are gaining acceptance but it is not acknowledged yet.    Once the cultural barrier is broken then medals may be on equal ground w/ coins, maybe....... I really like all the new designs but so many to choose from......

Offline KeepOnTrying!

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Re: New Hong Kong Coin Show Panda
« Reply #19 on: November 01, 2016, 07:39:29 AM »
Fact: The world of MCC is large enough to accommodate every type of collector.
KeepOnTrying and Never Give Up!
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Offline Honus

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Re: New Hong Kong Coin Show Panda
« Reply #20 on: November 01, 2016, 10:20:25 AM »
I've been open to show medals in the past - I have golds from several of the late '80s shows - and the idea of "too much" is purely person and subjective but right now it just feels like too much.  When they are issued too frequently to keep up with and you can't even try to keep track, it feels like too much.  Notice I'm including the word "feels" in there, because I'm sure some of you are rocket scientists who can remember 30-digit numbers and know how to bend time using a clothespin and jar of apple sauce, so for the geniuses here there's no such thing as too much.  But when I say to myself, "forget it, they're coming out too fast to even try to remember them, just stick to pandas" that's my brain's way of saying it's too much. 
Eric Liquori
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Offline 1003

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Re: New Hong Kong Coin Show Panda
« Reply #21 on: November 01, 2016, 11:34:24 AM »
I started to feel bad or not so positive about panda medals from the ANA Anaheim issues this year. There is almost no announcement in advance describing how many medals will be issued for a certain show. Later on, the 50 gram silver medal popped up in MCM's promotion email, selling at $495 with an original price of $1495. Wow, what a discount! I immediately feel this kind of trick is often used to promote something that is less desirable or far below the claimed value. Though all panda medals are coming from the official mints of China, but I believe some of the medals are "less official" in nature than others. I believe individuals or dealers can ask these mints to do a medal program if they pay the mint a certain manufacturing cost and reach a minimum mintage. I think this Hong Kong panda is definitely less official since  its COA does not even mention which mint it comes from but certainly, it comes from one of the four mints in China. The 2016 Hong Kong panda is promoted by a company called Shouxi back in China. It also plays another trick on their webpages, stating that the actual mintage is 570 even though the COA says 888.

Offline 1003

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Re: New Hong Kong Coin Show Panda
« Reply #22 on: November 01, 2016, 11:35:40 AM »
I've been open to show medals in the past - I have golds from several of the late '80s shows - and the idea of "too much" is purely person and subjective but right now it just feels like too much.  When they are issued too frequently to keep up with and you can't even try to keep track, it feels like too much.  Notice I'm including the word "feels" in there, because I'm sure some of you are rocket scientists who can remember 30-digit numbers and know how to bend time using a clothespin and jar of apple sauce, so for the geniuses here there's no such thing as too much.  But when I say to myself, "forget it, they're coming out too fast to even try to remember them, just stick to pandas" that's my brain's way of saying it's too much. 
I agree. There are definitely too many panda medals, at least in 2016.

Offline KeepOnTrying!

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Re: New Hong Kong Coin Show Panda
« Reply #23 on: November 01, 2016, 12:01:16 PM »
I've been open to show medals in the past - I have golds from several of the late '80s shows - and the idea of "too much" is purely person and subjective but right now it just feels like too much.  When they are issued too frequently to keep up with and you can't even try to keep track, it feels like too much.  Notice I'm including the word "feels" in there, because I'm sure some of you are rocket scientists who can remember 30-digit numbers and know how to bend time using a clothespin and jar of apple sauce, so for the geniuses here there's no such thing as too much.  But when I say to myself, "forget it, they're coming out too fast to even try to remember them, just stick to pandas" that's my brain's way of saying it's too much. 

I buy medals too but I decide on what makes sense to me and ignore the rest. There are people out there who may like those that I don't like and I leave it up to them. Yes, those medals are coming fast and furious but it is free world.

My main concern is with the endemic silver spotting problem which makes silver coins and medals potentially problematic buys. So I buy gold when I can or antique silver. There is a suggestion out there that the silver spotting problem is less with certain mints and more with others but definitive proof is lacking (AFAIK).
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Offline Honus

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Re: New Hong Kong Coin Show Panda
« Reply #24 on: November 01, 2016, 12:11:15 PM »
Yes, those medals are coming fast and furious but it is free world.

And I don't think anyone here is preaching the ways of Mao or Stalin, or arguing for regulation or restriction of medal production.  It goes without saying that this is a free world, and nobody on this forum is lobbying otherwise.   My comment - and while I don't presume to speak for anyone else here, I think I understand the gist of where others are coming from - and the comments of others are merely to be taken as buyer feedback.   The mints/dealers/show promoters etc. are free to heed/ignore our feedback as they see fit.
Eric Liquori
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www.anvilfinewares.com

Offline bonke

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Re: New Hong Kong Coin Show Panda
« Reply #25 on: November 01, 2016, 06:12:19 PM »
As a collector of modern Chinese coins and medals, I am always struggling with many issues.  Do I like the design?  Is the condition of the coin or medal acceptable?  Is the price "low enough" when I consider the condition, the planned mintage and the unknown surviving mintage?  Will NGC authenticate, grade and encapsulate the coin or medal for me?  Will the coin or medal deteriorate over time (white spots, red spots, unattractive haze vs attractive toning, etc.)?

As a collector, I do not care much about the label (first strike, early release, official mint issue, official show panda, etc.).  These labels help the dealers sell coins or medals for an added premium soon after the item is released.  These labels do not help collectors resell the items to dealers in the future.

This year, I wanted to purchase the gold ANA Anaheim "official show panda," the gold Honolulu "official show panda," and the bimetal Honolulu "official show panda."  The designs were attractive (to me).   The condition of items for sale was excellent.  Planned mintage was acceptable.  Price was too high (again for me).  In contrast, my analysis of the gold panda medals commemorating the new Hong Kong Coin Show led me to purchase three for my collection.  Was this a correct decision?  Probably, not.

There is no easy answer for any of us, whether we are collectors, investors or dealers.

If anyone ever asks my advice, I never tell them to do as I do, but to follow the sound advice given to us by Arif. 

Mark Bonke 

Offline 1003

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Re: New Hong Kong Coin Show Panda
« Reply #26 on: November 01, 2016, 06:21:06 PM »
As a collector of modern Chinese coins and medals, I am always struggling with many issues.  Do I like the design?  Is the condition of the coin or medal acceptable?  Is the price "low enough" when I consider the condition, the planned mintage and the unknown surviving mintage?  Will NGC authenticate, grade and encapsulate the coin or medal for me?  Will the coin or medal deteriorate over time (white spots, red spots, unattractive haze vs attractive toning, etc.)?

As a collector, I do not care much about the label (first strike, early release, official mint issue, official show panda, etc.).  These labels help the dealers sell coins or medals for an added premium soon after the item is released.  These labels do not help collectors resell the items to dealers in the future.

This year, I wanted to purchase the gold ANA Anaheim "official show panda," the gold Honolulu "official show panda," and the bimetal Honolulu "official show panda."  The designs were attractive (to me).   The condition of items for sale was excellent.  Planned mintage was acceptable.  Price was too high (again for me).  In contrast, my analysis of the gold panda medals commemorating the new Hong Kong Coin Show led me to purchase three for my collection.  Was this a correct decision?  Probably, not.

There is no easy answer for any of us, whether we are collectors, investors or dealers.

If anyone ever asks my advice, I never tell them to do as I do, but to follow the sound advice given to us by Arif. 

Mark Bonke 
What was the issuing price of the Hong Kong panda medals at the show?

Offline bonke

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Re: New Hong Kong Coin Show Panda
« Reply #27 on: November 01, 2016, 07:29:18 PM »
Great question!  And I do not know the answer.  I saw the gold and silver medals at the show.  I liked the design, the condition and the mintage.  All were ungraded.  I saw a silver medal with a COA #011 and, for some unknown reason, I liked the COA #.  I asked the price for the silver medal.  It seemed reasonable.  I asked the price for the gold medal and, for the low mintage, seemed reasonable.  Unfortunately, I did not have any money.  I had paid for items purchased at the Stacks Bowers auction and had used almost all of my cash.  I went to an ATM machine and my bank refused my request for money.  Reality struck. 

After the Hong Kong Coin Show, I sent an email to Chen Haomin with Coin-In-Coin in Guangzhou, PRC, and arranged to purchase the gold medals.  For some unknown reason, I did not purchase any silver medals, although the two which I saw at the coin show were in excellent condition and were free from white spots.

Possibly, Peter Anthony knows the prices for the medals.  If I remember correctly, he did attend the coin show and he did see the medals at the show.

Mark Bonke

       

Offline silberschatzimsee

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Re: New Hong Kong Coin Show Panda
« Reply #28 on: November 03, 2016, 03:20:25 PM »
I avoid medals and i am not into this labeling-business.for me a coin has to be flawless and omp.
If there is now a kungfu-panda or some other critter on the label i dont care. Imho this are tricks to attract more clueless to pay stupid prices.

And that the father is head of an gradeing agency where the son is a major dealer is just the topping of the cake :/

Offline KeyDate1/2ozPandas

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Re: New Hong Kong Coin Show Panda
« Reply #29 on: November 03, 2016, 08:22:32 PM »
Forget labels, check out new red core.  I have few gold pandas with the red core and they actually look great. I wouldn't pay more than the reslabbing premium of $15.

https://www.ebay.com/itm/301860438346