Author Topic: Champion Macau Auction  (Read 436 times)

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Offline 1668Chris

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Champion Macau Auction
« on: November 23, 2017, 07:13:10 PM »
All I can say is wow...there are virtually no pandas for sale.  Very unusual since I have been following their auctions since 2011.  Is there no supply or did everyone consign to Heritage????

Offline Clark Smith

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Re: Champion Macau Auction
« Reply #1 on: November 24, 2017, 10:54:25 AM »
Supply is very tight.   But also demand is not good.   Demand is particularly bad for common dates.

Offline KeyDate1/2ozPandas

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Re: Champion Macau Auction
« Reply #2 on: November 24, 2017, 12:44:57 PM »
Agreed.  I can't buy anything semi-rare to rare anymore.  Time to be an investor and keep all semi-rare coins for the future. 

Demand for common date material is trending to below melt very fast at the wholesale level.  A year ago I could not have imagined passing on 1oz gold pandas from 85-88 and 2011+ at 103% melt, today at 98% of melt isn't cheap enough to make them viable to deal in.  It is good for the market to have common dates trade like pure bullion to get more people interested in panda coins, once they realize survival over 10,000 for gold and 100,000 for silver are bullion coins (no slab necessary), then a few may move into the numismatic material.  For the first time in a decade I am seeing new silver pandas (2012+) selling at similar spreads as eagles and maples near $2 over melt, probably due to the exchanges dumping all the silver onto the market.