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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (3012)	12/31/2005 4:43:56 AM
From: energyplay	Read Replies (2) \| Respond to of 217780

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....