If the price of gold goes to $2000 per ounce the extreme Panda premium could disappear.
If I had 10 one ounce older Pandas I could sell at $ 800+ each,
I might consider selling 6 to get $ 4800 and then with a few more bucks get 9 or 10 new Pandas or Maple Leafs ---- or maybe diversify with some silver bullion coins, palladium, or platinum.
(My opinion) Unlike the collector premiums on old Roman coins, or very good condition collectible coins, or complicated watches, I think the premium for Bullion coins of certain years is fragile.
Almost every one ( > 95%) of the Panda coins is likely to be excellent condition with ZERO damage. The collectors are paying a premium to fill out a book, and want all the years and all the animals, or the specific animals they care about,
With the collectible coins, they have three other pulls to various degrees - history, beauty, and rarity, especially the rarity of examples in very good condition.
I believe the collector base for the know collectibles - Roman, Greek, US Double Eagles, etc. is broader and has deeper pockets than the Panda year collectors.
As an example, there's a noted HK based collector who has a wide interest in standard, known collectibles, but who is surprised by the high premium of certain Panda years.
So I would try to capture the premium while it still exists.... |
