Author Topic: 2003 and 1987 Gold Panda  (Read 779 times)

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Offline tater

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2003 and 1987 Gold Panda
« on: December 01, 2016, 11:58:43 PM »
I was at my LCS today and he had some gold pandas in OMP.  I am curious what the present value of the coins would be over spot.  I do understand that they are common gold pandas.  He had two 2013 1/2 oz coins 1 1987 1/4 oz coin and a sheet of 10 1/20 1987 coins he also had a 1 oz 1985.

Any potential on the 2013 half ounces?

Offline Birdman

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Re: 2003 and 1987 Gold Panda
« Reply #1 on: December 02, 2016, 07:36:48 AM »
I was at my LCS today and he had some gold pandas in OMP.  I am curious what the present value of the coins would be over spot.  I do understand that they are common gold pandas.  He had two 2013 1/2 oz coins 1 1987 1/4 oz coin and a sheet of 10 1/20 1987 coins he also had a 1 oz 1985.

Any potential on the 2013 half ounces?

Hi tater,

Just one opinion here, but if the mintage of the 2013 G1/2 is 600,000 you are quite right to ask how much over spot you'd be paying.  In my opinion they are essentially a bullion play.  Especially if they are OMP, there will be limited numismatic upside.  Unless it is a small margin over spot price, perhaps it would be better to just get generic bullion or look to find an ebay auction for a 2013 G1/2 MS70 and put in a cheap bid and roll the dice on a few auctions.  I don't have any gold pandas after 2010 because of the high mintages. I just buy Mexico 50 pesos if I want gold bullion close to spot price.  I don't follow these things enough to tell you exactly how much over spot price you should pay for a 2013 to be safe.