Author Topic: LOTS of 1 oz Gold Pandas at Apmex  (Read 2300 times)

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Offline Hippanda

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LOTS of 1 oz Gold Pandas at Apmex
« on: July 24, 2013, 01:14:18 AM »
Suddenly quite a lot of 1 oz Gold Pandas listed for sale at Apmex.
And holding at pre-drop high prices. Encouraging to see.

But Very sparse listings of fractionals. Also encouraging to see. If and when listed, prices may be even higher?
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline BChung

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #1 on: July 24, 2013, 07:10:53 AM »
http://www.apmex.com/product/13403/1998-1-20-oz-gold-chinese-pandas-sealed-small-date

this is one really weird picture... or someone just didn't realise that they found a new rare panda.

Offline Flegend35

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #2 on: July 24, 2013, 09:40:12 AM »
Your right..they haven't had any for quite sometime..

Offline Hippanda

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #3 on: July 24, 2013, 01:55:13 PM »
http://www.apmex.com/product/13403/1998-1-20-oz-gold-chinese-pandas-sealed-small-date

this is one really weird picture... or someone just didn't realise that they found a new rare panda.

Apmex has been seen caught touching up and altering stock panda photos with "artistic liscense" before, for whatever weird reason known only to them. Doesn't make sense as there are tons of photos available of all legitimate sizes without having to do this.  Sometimes they have had slip ups like this.
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Offline Hippanda

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #4 on: July 24, 2013, 02:46:02 PM »
This old thread discusses that mis-photoshopped 1998 1/20 coin at Apmex:


http://china-mint.info/forum/index.php?topic=2357.0
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline exchange

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #5 on: July 24, 2013, 03:04:59 PM »
Suddenly quite a lot of 1 oz Gold Pandas listed for sale at Apmex.
And holding at pre-drop high prices. Encouraging to see.

But Very sparse listings of fractionals. Also encouraging to see. If and when listed, prices may be even higher?

I did notice that the other day. I'm assuming a private collector needing to liquidate. Only explanation why so many became available in one shot, also they did not bother to get them graded. They seem to sell just as well as the graded ones...... from the looks of it, even better. Its seems to be the graded ones that sale last.

I have a friend who just does not believe in anything that is a collectible and is an anti gold person. Meaning he does not want to buy gold because he has no reason to own it....
In any case, the last couple of months he's been really trying hard persuading me to sell because gold is going to $400! and kept explaining him that many series, especially the gold pandas are still priced at pre drop levels. I just couldn't prove it to him because a major dealer such as apmex just never had any until the other day.  He doesn't trust ebay, so I just had to go with it until....... :)

Well, he still would not buy any!


exchange

Offline Birdman

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #6 on: July 26, 2013, 02:28:04 PM »
Suddenly quite a lot of 1 oz Gold Pandas listed for sale at Apmex.
And holding at pre-drop high prices. Encouraging to see.

But Very sparse listings of fractionals. Also encouraging to see. If and when listed, prices may be even higher?

APMEX just listed a small batch of better-date OMP G1/2.  Don't expect any bargains, though, as their OMP 1995 G1/2 is $5,000 and their 1982 G1/2 OMP is $3000.

Offline exchange

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #7 on: July 26, 2013, 03:16:00 PM »
APMEX just listed a small batch of better-date OMP G1/2.  Don't expect any bargains, though, as their OMP 1995 G1/2 is $5,000 and their 1982 G1/2 OMP is $3000.

Its been a while since apmex were quite loaded on the gold pandas 1ozs in OMP. So I did a rough calculation of what it would cost to buy a 1oz gold panda from each year regardless of date size from apmex.
Putting them all in the shopping cart and estimating the ones they do not have.............. ~ $90,000.
A that is with spot at $1300.

It seems that there could be a limit for gold pandas or for that matter high premium coins if spot is very high to begin with. I have been thinking for a while now that if gold goes to $5000, $7000, etc... premiums on the gold panda would have to decrease. I just can't see people paying x3 spot when gold is at $5000.
will people be paying $15,000 to $20,000 for the regular 1995 gold panda.


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Offline Hippanda

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #8 on: July 26, 2013, 03:47:09 PM »
That's why the quickest biggest percentage movers are the common date/ nearer bullion coins, which move up (or down) the biggest following gains (drops ) in underlying bullion value.  The scarcer dates tend to not move as much.  
Factors other than spot price drive up their value fast, and its hard to predict what will move.
Witness recent sudden unpredictable surge in prices on some gold pandas such as 1997 1/2 oz.

If spot goes to 5k, 7k, ...whatever, would that mean paper money is awash and investors will want to get into the rare and uncommon and bid up premiums the same or even more?

...what is the "spot value" of canvas wood and pigment for the Mona Lisa?
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Offline mook

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #9 on: July 26, 2013, 03:59:42 PM »
There has only to look at the price of U.S. coins, many Chinese coins have much lower print runs with a pool collector 4 times.
Due to the transfer of wealth from west to east, it is not silly to think that the Chinese coin has a great future ahead of her.

Offline Hippanda

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #10 on: July 26, 2013, 04:12:30 PM »
On the other hand it may not be fair to consider the pool, since basic needs need to be met first before investor collectors are willing to pay high premiums.  It is after all, the richer who pay the big prices.  Many developing countries middle class only want preservation of wealth, bullion, and scoff at premiums.  
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline Silver bullion boy

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Re: LOTS of 1 oz Gold Pandas at Apmex
« Reply #11 on: August 24, 2013, 09:57:11 AM »
If spot goes to 5k + the premiums will not rise to silly levels as hardly anyone could afford to buy them