Author Topic: Current Pecking Order for 1/2 oz Gold Panda coins  (Read 15092 times)

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Offline Straitssettlementshop

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #30 on: August 02, 2011, 03:07:53 AM »
Jim,

Thanks for your guidance  :thumbup:

Offline ghostrider80811

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #31 on: August 02, 2011, 12:24:28 PM »
Thank you for selling that 98 at that price!  Bless you, KJ!   :thumbup1:  you just raised my net worth, and for that, thanks!

Nice!

Offline Pandora

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #32 on: August 03, 2011, 05:28:35 PM »
The 1/2 oz gold panda series is fast becoming the choice for serious collectors. While the pecking order is sufficiently helpful, it will also help to quantify the relative rareness (or degree of difficulty in obtaining) for them....for example, 1999 SD is more rare than 1996 LD. In comparison, how rare is 1995 LD compared to 1999 SD? So, if we put 2000 Mirror at 1000 points of rarity, where other coins will lie on that scale...?

Offline Obsidian

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #33 on: August 03, 2011, 11:34:58 PM »
One thing I would have to bring up concerning the 2000 gold mirror 50 yuan versus the 1998 gold Large Date.  I am lucky enough to own both of these coins right now.  For the right price I could a 1998 Large Date today.  I just sold one yesterday for $ 14,000.00.  I have no way of buying a 2000, 50 yuan gold mirror.  Therefore I would rank the 2000 mirror first and the 1998 Large Date second.

One comment on this.  Correct me if I'm wrong Jim.  It is my understanding that the 2000 mirrored coins were more widely distributed throughout China.  They were almost like a y2k commemorative.  I was told they are a fair bit easier to get inside China then here in America.  They are no doubt rare but that fact could mean in time they might not be as rare as we think.  Distribution patterns of these coins can make a big difference on how rare we think they are and how rare they actually are.

Offline badon

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #34 on: August 03, 2011, 11:40:57 PM »
Good point Obsidian. One thing is for certain, the ones driving prices up on the 1998 large dates are Chinese buyers.

Offline Obsidian

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #35 on: August 03, 2011, 11:44:27 PM »
With the large date 1998s going for so much what should the small dates be bringing?  Also are the Chinese buyers recognizing the 1999 serif 1 varieties and paying for the rarity?

Offline badon

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #36 on: August 04, 2011, 12:40:15 AM »
The small dates are doing pretty well too, but obviously not quite as well as the large dates. The 1999 large date serif 1 has been slower to catch on.

Offline Pandora

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #37 on: August 04, 2011, 12:49:40 AM »
I have heard 1999 Small Date is very hot in China these days.

Offline KonaJim

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #38 on: August 04, 2011, 12:57:04 AM »
Concerning the 2000 gold Mirror panda, my feeling is if these were more common, or more widely distributed in China more would slip out for the right price.  They would have a distribution pattern similar to the 1998 Large Date.  As I stated earlier the 1998 Large Dates although very scarce can be had at a price.  Is it possible that there is a hoard of 2000 gold Mirror pandas, absolutely.  Is it likely, probably not.  In the year 2000 gold was hovering at it's lows, and gold investment was very low, probably extremely low in China.  My guess along with some other people I know is that they were struck as a test run.  It appears as though some sheets of the 100 yuan coins got out and a few sets got out, but in all likelihood very few were run, or what was run was melted.  I get e-mails from some of the biggest collectors in the world asking for the Mirror pandas.  Right now, there are virtually none to be had in the fractionals.

Underbidder

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #39 on: August 04, 2011, 09:58:42 PM »
So, Halves, watcha think the chances are that folks got loads of those 1990 halves in mint wrap, just laying' around sliding around in drawers after all these years, that might grade 69 if sent in?

Hey Panda Halves, seriously, your thoughts on the 1990.  With so few of them, just 22, can you actually believe there are enough raw ones out there that are still pristine, to be able to be submitted and garner 69?  It occurs to me anybody trying to assemble a 69 set has to get one of the few 1990s.  It is the clog in the pipeline.  People have to go through that in order to make a set, it seems to be the limiting factor way more than the 95, 98 and. 99.  Got figures for the 82 and 84? Are there any other similarly obscure low MS 69 years?

Offline Panda Halves

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #40 on: August 05, 2011, 12:25:33 AM »
1989 and 1990 are kind of fringe years that haven't been treated as anything special. I actually don't think 1990 halves in general are as rare as the rest of the 1990's but they do continue to be undervalued. The market for these is still in the younger stages so I wouldn't rely on NGC population numbers for almost all years just yet. Since 1990 wasn't anything special for a long time there weren't that many graded. They can still be had relatively cheap in the raw. My recommendation for 1990 is to find one you like, evaluate it carefully in the sealed package and grade it yourself. They grade well, unlike a something like 1987Y. As more people begin collecting and more demand enters the market for high graded coins registry numbers will become increasingly meaningful. For most panda half dates they don't currently reflect actual scarcity. I like the MS 1992 for obscure years. I think it is scarcer than is understood, difficult to obtain, and priced less than other 1990 coins.
After looking through jewelry stores in various states for pandas I discovered 1990 to be one of the most common if not the most common fractional to be used as jewelry. 1989/1990 was a transition year in China where the country fell out of favor with much of the Western world due to political issues. The 1990 1/20 and 1/10 pandas have a lot going for them. They were underappreciated at the time of distribution, probably often melted, and.... they became jewelry pieces. 1990 is one of the nicest looking older dates in terms of bold artistic styling. It has eye appeal which creates popularity. So I think it is safe to say that it meets many of the criteria for a good investment. Although I am partial to the 1/2 size as a collector I would venture to guess the smaller sizes to be great investments for the year due to their frequent use as jewelry. 1/2 pandas don't typically end up in ring mounts and earring sets.

Offline badon

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #41 on: August 05, 2011, 01:08:33 AM »
Thanks for that great information!

Offline Birdman

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #42 on: July 17, 2012, 07:44:34 AM »
This is a view of my personal "Current" 1/2 gold MS69 pecking order which is an easier list than my personal "Projected" MS69...  :001_smile:

Top 21 by current market:
1998 LD
2000 Mirrored
1999 LD Serif
1998 SD
1995 LD
1999 SD
1996 LD
1996 SD
1995 SD
1982
1999 LD Plain 1
1994 LD/SD
1992 LD/SD
1993 LD/SD
1997 LD
2000 Frosted
2003
2002
1997 SD
1990 LD/SD
1991 LD/SD

*Top 5 Nicest 1/2 gold panda coins to own specifically due to being high-grade MS69:
1987Y
2002
1983
1984
1985

Thoughts?
PH


I just stumbled upon this interesting thread from about one year ago. I wonder how things have changed since then.  Any more recent data to suggest certain dates/varieties are more/less common than was thought at the time of this discussion?

Offline mook

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #43 on: July 17, 2012, 10:13:35 AM »
I think, 1990 SM is very hard to find, even more MS69

Offline comeaux

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Re: Current Pecking Order for 1/2 oz Gold Panda coins
« Reply #44 on: July 17, 2012, 11:58:15 AM »
I think, 1990 SM is very hard to find, even more MS69

Agreed ... the 1990 Small Date half and quarter ounce are almost nonexistent.