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41
General Discussion / Re: Silver Prices
« Last post by KeepOnTrying! on May 28, 2021, 10:47:21 PM »
Serial or theme collectors who missed the coin at Mint launch may be one of the main buyers in the aftermarket. The same could be happening to serial Panda (gold) collectors in the USA with regards to the 2020 and 2021 offerings as a result increased tariffs following the political imbroglio of the past.
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General Discussion / Re: Silver Prices
« Last post by KeyDate1/2ozPandas on May 28, 2021, 03:31:44 PM »
Arif, are you talking about these coins? It says product limit of 175000, but I have no idea if that is low or high compared with the collector base.
https://catalog.usmint.gov/morgan-2021-silver-dollar-with-cc-privy-mark-21XC.html?cm_sp=LP2-_-mgp-21xc-privycc-_-042221&scp=MORGANPEACE


It had a product limit but the mintage limit was left blank, so I don't know exactly what to believe.  Some dealers say the product limit will be the mintage limit.  175,000 is small compared to how many silver BU eagles they make (20-30 million) and silver proofs are (30K-700k), but not small enough to justify a $200-$300 price tag in the aftermarket.  This is one of those coins where you buy and flip and never look back because it will be back to the issue price after a few years.  Now with the delay, they may issue more coins in the following releases of different mint marks, which may make these more valuable or they may put a household limit of 1 on future releases which will make those more valuable.  It is all a gamble with new releases.
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General Discussion / Re: Silver Prices
« Last post by KeyDate1/2ozPandas on May 28, 2021, 12:16:28 AM »
US mint says demand for silver exceeds the supply. 
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Modern Chinese Coins / Re: WOW of the day
« Last post by pandamonium on May 27, 2021, 11:51:38 AM »
DNYUZ  "Biden to propose $6 Trillion budget to boost middle class & infrastructure".   

USA Watchdog  "Dollar is going to collapse". by Peter Schiff

My past crazy comments;   "1 oz silver = $1,000."    I am moving into the camp of 1 oz silver = $10,000.

"The world will wake up to Chinese money."    China owns the US manufacturing, military tech, gold, etc....

This means the Yuan will soon be the World reserve Currency.   Remember the billboards posted here that say the Yuan or RMB will be the next world reserve currency?    I do not like being a online genius, wish i was wrong.   But the evidence was online over 15 yrs ago and now it is all coming true.   Do you know what is coming after this?...

Photo of those that will "lace them up" to get the $6 trillions passed and end our lifestyle, permanently....
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Modern Chinese Coins / Re: 2002 Gold China Panda 1/4
« Last post by pandamonium on May 25, 2021, 05:13:50 PM »
Looking at the BU gold panda chart numbers i wonder where all the gold pandas are as NGC pop is very low in comparison to chart numbers.   I assumed many would have graded by now but there must be thousands sitting in safes somewhere....

Also, the chart numbers in comparison to the Proofs (1986 - 1994 & 95, 96 1 oz) is a no brainer.    The proof numbers are very small.   

1986 & 87 10,000 planned
1988 & 89   8,000 planned
1990 5,000 planned
1991 3,500 planned
1992    806 actual
1993 2,500 planned
1994    854 actual
1995 1 oz  550  Mr Gee   2,000 plan Panda Book
1996 1 oz  1,500 plan  both books

Any year proof gold panda looks like a good buy in comparison to the BU...
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Modern Chinese Coins / Re: 2002 Gold China Panda 1/4
« Last post by KeyDate1/2ozPandas on May 25, 2021, 01:27:52 PM »
Most of the jewelry and damaged pieces have been melted, how many nobody knows.  Today only 3-5% of the coins that I see or get offered are below MS66 quality.  Most of the jewelry coins were 1/10 and 1/20, those were the ones that had mintages that were multiples of 1/2oz size, so even if 75% of 1/10 and 1/20 were melted, put jewelry or damaged, they still wouldn't be the key coin to the set. 

There is a lot of selective hoarding in the market which creates large price differences, whether it should be called price manipulation or investor preference is irrelevant, either way, if the hoarder is sophisticated the market will never know.

The mintage chart below for those that haven't seen it before was published in early 2007 by the China Mint.  At some point the mint will publish updated numbers for 2007-2021, when those numbers come out possibly 40th year anniversary, 45th anniversary or 50th anniversary then expect the market to go crazy for not just newly released years but even prior years as they are most rare.

Notice in 2002 1/4 has lower mintage than 1/2.  I sold my 2002 1/4 to a forum member this morning, but I paired it with 1/2, I never sell 2002 1/4 by themselves.
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General Discussion / Re: Silver Prices
« Last post by KeepOnTrying! on May 25, 2021, 01:11:50 PM »
They have a large collector base and the coin is not priced as bullion. The curious thing is why they did not impose household limits. That is how they usually control the froth where they don’t allow more than two coins per household.
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Modern Chinese Coins / Re: 2002 Gold China Panda 1/4
« Last post by KeepOnTrying! on May 25, 2021, 01:06:01 PM »
You have to factor in the coins that were used for jewelry. Coins were also manhandled in the early years of panda coin collection.

How real is the “price manipulation”? Even if some try, is it effective?

It is an important point you raise anyway. Only time can tell.
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General Discussion / Re: Silver Prices
« Last post by xc on May 25, 2021, 10:49:32 AM »
Arif, are you talking about these coins? It says product limit of 175000, but I have no idea if that is low or high compared with the collector base.
https://catalog.usmint.gov/morgan-2021-silver-dollar-with-cc-privy-mark-21XC.html?cm_sp=LP2-_-mgp-21xc-privycc-_-042221&scp=MORGANPEACE
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Please check it out on the scans below and let me knows what you think later there


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