Author Topic: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998  (Read 1124 times)

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Offline bonke

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #15 on: August 27, 2020, 03:30:03 PM »
Why assume the gold Master Sets are now limited to BU coins?  Many proof coins have been used to complete gold Master Sets.  If the coin dealer is unable to fill all of the denominations for a given year with BU coins, he or she uses proof coins to do so.  Isn't this correct?  [The wealthy recipient of the Master Set will normally not have the sophistication and experience necessary to notice the "P" on a particular coin.]

Mark Bonke

Offline storm

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #16 on: August 27, 2020, 05:22:31 PM »
Why assume the gold Master Sets are now limited to BU coins?  Many proof coins have been used to complete gold Master Sets.  If the coin dealer is unable to fill all of the denominations for a given year with BU coins, he or she uses proof coins to do so.  Isn't this correct?  [The wealthy recipient of the Master Set will normally not have the sophistication and experience necessary to notice the "P" on a particular coin.]

Mark Bonke

I don't know where you got this information, but what you said is totally wrong. None of the proof coins were used in master sets. If you don't know the truth, please don't assume you know.

Offline bonke

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #17 on: August 27, 2020, 05:45:43 PM »
Storm

Ouch!

I do apologize to you personally for making a statement which you believe to be untrue.

Mark Bonke




Offline storm

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #18 on: August 27, 2020, 06:58:52 PM »
Hi Mark,

Don't worry. Normally I don't post a lot here. I was worried your information might mislead other collectors. Based on what I know, till now, no dealers use proof panda to replace BU panda coins. The main gift company which distribute the master set, check all the coins very carefully. Occasionally some dealers would put one or two low grade coins into the master set and sell it at a lower price. I will try to explain the proof panda situation in a separate post.

Thank you! N40 N40

storm

Offline pandamonium

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #19 on: August 27, 2020, 10:50:56 PM »
The mintage for 94 1/2 P is 903, majority of that number has survived, as people paid higher price back then and like to keep the set.

The survival mintage for BU is around 2000 or less. Right now, BU is worth more b/c master set demand. P is a sleeper, if there is a day for proof master set demand, the price will skyrocket.




PF are a sleeper and prices will skyrocket as the market matures/PF master sets.     Expect more surprises as the market changes.     PF are undervalued for now.....

Online KeyDate1/2ozPandas

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #20 on: August 27, 2020, 11:58:44 PM »
Pandora thread has been hijacked to the point of no return so I might as well chime in.  BU and proof coins have separate supply and demand profiles as Pandora mentioned.  Here are some recent transactions to get the discussion going:

1990 1/2 MS69 SD sells for $2200 (NGC 90) while 1990 1/2 PF69 sells for $1300 (NGC 163) - makes sense
1991 1/2 MS69 sells for $1600 (NGC 266) while 1991 1/2 PF69 sells for $1700 (NGC 133) - proof appears to be undervalued
1992 1/2 MS69 sells for $1250 (NGC 246) while 1992 1/2 PF69 sells for $3000 (NGC 64) - makes sense
1993 1/2 MS69 sells for $1500 (NGC 274) while 1993 1/2 PF69 sells for $1250 (NGC 131) - proof appears to be undervalued
1994 1/2 MS69 sells for $6500 (NGC 301) while 1994 1/2 PF69 sells for $5500 (NGC 86)- proof appears to be undervalued

Many proof don't fit into master set demand at this moment and so they look cheap relative to their rarity, if future master sets include proofs or a dedicated set with only proof coins is demanded then prices will adjust upwards for the proofs, if proof master set doesn't emerge then eventually the proofs will be more common relative to BU because all the BU coins are stuck in master set.   Nobody can predict the future but one can make the future simply buy accumulating enough proof coins and then marketing a master set. 

I cover my bases and accumulate both coins, not trying to outsmart the market when supply for both is so limited right now.

Offline dynamike51

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #21 on: August 28, 2020, 12:07:26 AM »
Thank you, Arif. That makes much better sense.

Now where can I get a 92 PF69 for $3000 ?  :001_wub: N16

Online KeyDate1/2ozPandas

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #22 on: August 28, 2020, 10:11:11 AM »
Thank you, Arif. That makes much better sense.

Now where can I get a 92 PF69 for $3000 ?  :001_wub: N16

You buy when you can not when you want to.  In June I had one for sale at $2000 and at the start of the month for $2500.   Forum members bought both of them so maybe they will flip at some point.

This post has one of the two hardest coins to find at the moment, 1996 LD, but nobody is buying it.  When it doubles everyone will be looking for it. That is the nature of the game.

Offline Pandora

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #23 on: August 28, 2020, 11:38:26 AM »
Pandora thread has been hijacked to the point of no return so I might as well chime in.  BU and proof coins have separate supply and demand profiles as Pandora mentioned.  Here are some recent transactions to get the discussion going:

1990 1/2 MS69 SD sells for $2200 (NGC 90) while 1990 1/2 PF69 sells for $1300 (NGC 163) - makes sense
1991 1/2 MS69 sells for $1600 (NGC 266) while 1991 1/2 PF69 sells for $1700 (NGC 133) - proof appears to be undervalued
1992 1/2 MS69 sells for $1250 (NGC 246) while 1992 1/2 PF69 sells for $3000 (NGC 64) - makes sense
1993 1/2 MS69 sells for $1500 (NGC 274) while 1993 1/2 PF69 sells for $1250 (NGC 131) - proof appears to be undervalued
1994 1/2 MS69 sells for $6500 (NGC 301) while 1994 1/2 PF69 sells for $5500 (NGC 86)- proof appears to be undervalued

Many proof don't fit into master set demand at this moment and so they look cheap relative to their rarity, if future master sets include proofs or a dedicated set with only proof coins is demanded then prices will adjust upwards for the proofs, if proof master set doesn't emerge then eventually the proofs will be more common relative to BU because all the BU coins are stuck in master set.   Nobody can predict the future but one can make the future simply buy accumulating enough proof coins and then marketing a master set. 

I cover my bases and accumulate both coins, not trying to outsmart the market when supply for both is so limited right now.

Thank you Arif, Storm and all. Excellent discussion. Great for all members.

Offline baron88

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #24 on: August 28, 2020, 05:22:27 PM »
This post has one of the two hardest coins to find at the moment, 1996 LD, but nobody is buying it.  When it doubles everyone will be looking for it. That is the nature of the game.

Hi Arif, which is the other hardest to find coin?

Offline pandaccumulator

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #25 on: August 28, 2020, 07:37:47 PM »
Hi Arif, which is the other hardest to find coin?

My guess is either 95 1/2 LD ,94 1/2 LD or 98 1/2 LD, I am anxious to see Arif's response  N67 N67

Offline Pandora

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #26 on: September 19, 2020, 10:22:48 AM »
This thread is closed.

Online KeyDate1/2ozPandas

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #27 on: September 19, 2020, 11:01:24 AM »
Congrats.

Offline Pandora

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Re: Selling rare key Gold Panda 1/2 coins 1996, 1994, 1998
« Reply #28 on: September 25, 2020, 09:59:30 PM »
Thanks Arif.