Live Business Chat
2015 Sep 12, 08:23:54 pm *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News: Several registration problems were fixed on 2015-03-17, including one potential account security issue. If you had difficulty registering before that date, please try again, and contact badon in the business chat if it doesn't work for you. Hotmail is having problems, so try another email service if you never receive any activation or notification emails from the forum. If you succeeded in registering before 2015-03-17, it is recommended that you login and change your password immediately on your profile page using the Account Related Settings link.
 
   Home   Help Search Calendar Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Recommended modern Chinese coin investments #28  (Read 1598 times)
0 Members and 1 Guest are viewing this topic.
badon
Administrator
Capitalist Pig
*****
Online Online

Posts: 10314


badon™


« on: 2011 Jan 06, 08:47:55 pm »



More and more sellers worldwide are starting to use the words "invest", "investment", or "investing" in their offerings of modern Chinese coins. Many sellers have been pulling coins from the market when they've been seeing the record prices that coins have been earning lately, but ebay is still doing a promotion on free auction listings, so more supply is hitting the market. Many sellers have not caught on to the new prices that have been established since this recommendation list began almost a month ago, and so many EXCELLENT coins are coming available at what I consider to be bargain prices.

It's not hard to be the top bidder, if you're not afraid to overpay. If you stay within my estimated prices, you're in a fairly safe range, but you might not get the coins you want. The people making the most money are the ones who own the coins, not the ones who are chasing them at higher and higher prices. Dealers are advertising to buy coins at above-market prices, but they're not offering to sell them at ANY price. This new supply that's hitting the market is a gift, so I hope you take advantage of it.

Many of the Buy-It-Now prices are less than the prices being asked in China, and less than the prices being offered by dealers in the West who buy up the coins and ship them over to China as fast as they can. The faster you can put your cash into the rare Chinese coins, the further ahead you'll be in this game. It's a bonanza folks. People are buying, buying, buying as much as they can, as fast as they can.

Huge prices are being paid for rare coins, and coins that used to be cheap are now costing significant sums of money. Many people are coming to me and saying "I sure wish I had bought the coins you recommend for $150, because they cost almost $1000 now!". Don't get stuck looking backwards, you haven't missed anything. This market is roaring to life, and so far, it hasn't paused for more than a few moments - literally just days.

I predicted a slowdown for precious metals, and emphasized the importance of accumulating cash for 2011. I also said that coins MAY NOT DROP in price, they may just simply disappear from the market. Precious metals are starting to drop in price, and coins are starting to disappear from the market. New records are being made for coins every day. If you own precious metals, you may want to consider dumping them in favor of coins. That's what I did!

I have publicly posted many predictions on this site, and each one has been accurate. I'm not fool. But guess what? I sold my precious metals BEFORE they made their big move near the end of 2010. Did I sell too soon? NO! I knew what was going to happen. I always know, even if I'm not telling you, I still know. I sold because I knew I would make more money by putting the cash into coins instead. So, I sold even though I KNEW the best was yet to come for precious metals.

But guess what? Now they're slowing, and even dropping in price. Do I care? NO! My money is in coins, which continue to make new highs every day. I made the right decision to move my cash out of precious metals, and into rare modern Chinese coins, and I'm telling you right now, to do the same. Precious metals are not losing investments, I think they're going to do quite well - but coins will do vastly better, in the long term.

Don't pull your hair out with dropping prices in precious metals. Dump them, and get coins. They've decoupled from the precious metals markets, which means their value isn't dependent on what they're made of anymore. If silver goes down, that won't matter for a rare silver coin. The coin will continue to go up in value.

As always, diversification is good, but I recommend diversification in different types of rare modern Chinese coins, since that market moves in spurts in different areas at different times. Aside from coins, you need cash...and that's about it. You don't need stocks, real estate, etc. You need coins and cash. That's my recommendation.

NCS and NGC refuse to help buyers find conserved coins for long term investment

I've talked a lot about NCS conservation of silver coins, especially the ones with the highest grades that were graded in the past. Coins that were not conserved before grading could degrade over time as invisible residues corrode their surfaces. That could make your investments virtually worthless!

There are nuances to which coins are worrisome, and which aren't, so I've recommended coins that look good despite not knowing whether they've been conserved or not. For example, an old silver coin that still looks good after many years is probably OK, and a newer panda that came from modern PVC-free packaging is probably OK too. But, the only way to know for sure is to only buy coins that have been conserved before grading.

Sadly, NCS and NGC continue to refuse to indicate on the holders if a coin has been conserved, even if requested. I have begged them to let me buy coins that I know will not become hunks of scrap metal over time, and they won't listen to me - just one person - but they will listen to the market as a whole. That means you. Everyone needs to contact NCS and tell them you want to buy coins that you know have been conserved. Tell them that you want to buy coins that NGC marks as conserved on their holders. Here's the person to contact:

Craig Fiumara
Numismatic Conservation Services
Operations Manager
Phone 866-627-2646  Ext. 145
Fax 941-360-2559
CraigF@NCScoin.com

Once we persuade them that we want to know that our coins are safe, they will obey our demands and start marking the conserved coins. Only then can we be reasonably certain (but never 100%) that our investments will not become worthless over time.

Recommended reading

Here's some recent articles of mine that can provide some guidance for investing in the current and coming market conditions:

* Wealth preservation: USA vs. China (By Zerosum)
* Coins are the hot new investment
* How high will the Chinese coin market go?
* 5 criteria to determine if a coin is a good investment
* 13 coin facts to learn for beginning investors of modern Chinese coins
* My First Chinese Panda Coin Purchase (By Tamo42)
* Modern Chinese coin investment strategy
* Don't be the "whale" that pays too much for an investment coin
* Modern Chinese coin commentary and market predictions - 2010-Dec-15
* What makes people buy up all the Chinese panda coins?
* Investing in rare modern Chinese coins, some questions answered
* Cash is king for 2011 - Get ready for the coming bargain hunt
* Foresight: Gold, silver, coins, etc will weaken after January or February 2011
* Rumor: Modern Chinese coin charts coming out soon
* Why does this business site talk so much about investments?
* The chess game of rich vs. poor

If you have questions about investing in any of these coins, please ask. If you find a coin that seems like it should be listed here, but isn't, please tell me about it. I frequently wait to list a coin here until I've had time to do the proper research on it that's needed for me to give you the basic facts on each coin. If you'd like to see info faster on a particular coin, I can make it a higher priority for you. I've noticed people don't like asking questions, because they don't want anyone else to know they're thinking of buying a particular coin. People don't want to talk about the coins they're interested in due to "coin snatchers" grabbing them. Competition for the investment-grade coins listed in these articles is fierce!

People are making a lot of money investing in the coins on these lists. You can see the coins that have sold here in the articles themselves, and you can see the coins making their buyers rich in the LBC makes me rich thread. It's exciting to find out who's buying the coins in these recommendation lists, and it's fun to share your successful buys!

My choices

The top coins in this article that I would buy first are, in order, the 2007 1/4 oz silver proof 25th anniversary pandas, then if I've got money left after buying ALL of those, I'd get the 1990 1/10 oz gold proof panda, 1995 and 1999 1/20 oz gold MS 70 pandas, and 1990 1/10 oz platinum panda. I'd throw out some bids on the silver proof pandas that have hit the market in auctions to see if I could get a few of those. If the auction prices get really high, I would probably start buying up the ones that are in Buy-It-Now listings.



Perfect 70 coins



Common silver 70 graded coins are very popular with "the masses" who are not serious collectors or investors, but since they're not rare, their valuations can be fickle. I recommend that once you've gained a comfortable profit, you should sell and reinvest the cash into rarer coins.

I've noticed sellers jacking up their prices on these coins once they get listed here, so I'm going to have to list them more carefully, with a mention of the price at the time they get included.

I have decided not to list the common, recent date gold 70 pandas because the rich vs poor market dynamics do not support the high prices that the common silver 70 coins can gain. In short, I've changed my mind that the gold counterparts are good places to put your investment money, even though they're significantly underpriced compared to silver coins. I don't think the comparison between gold and silver will hold up to enough of a degree to make it worthwhile to sink a good quantity of money into the common gold coins. The numismatic premiums will probably never reach the levels of the silver coins.

One of the gold coins listed in the wrong category was bid up to a level that no longer makes it an undervalued good investment, so I've removed that one too.

1993 1/2 oz gold panda PCGS MS 70

$3000 Buy-It-Now. Early date 70 coins are very rare.

1995 1/20 oz gold panda NGC MS 70

$1595 auction starting price. Early date 70 coins are very rare.

1999 1/20 oz gold panda NGC MS 70

$1595 auction starting price. Early date 70 coins are very rare.

NEW 2005 1 oz silver panda NGC MS 70

This has sold recently for $149.99 and $169.95. Those were Buy-It-Now listings, and I suspect they would have sold for more than that in auction listings. My estimate for this coin is $180, but I think it could go above $225. I would not pay more than $190 for it, because it's not rare, and it's a coin for profit taking.

NEW 2008 1 oz silver proof panda NGC MS 70

This has sold recently for $150 and $185. Those were Buy-It-Now listings, and I suspect they would have sold for more than that in auction listings. My estimate for this coin is $180, but I think it could go above $225. I would not pay more than $190 for it, because it's not rare, and it's a coin for profit taking.

NEW 2009 1 oz silver panda NGC MS 70

2009 1 oz silver proof panda NGC MS 70

$169.95 Buy-It-Now. These aren't rare, but I feel they're good investments that you should take profits on when the opportunity arises. They're popular with unsophisticated buyers, so their prices are usually higher than normal, compared to their rarity. In essence, it's a combination of high grade, low price, and popularity that makes these common coins worthwhile investments.



Non-proof BU pandas



2009 1 oz silver 30th anniversary panda NGC MS 69

Starting price is $0.99, but they usually sell for about $50 to $55. If you can get it for under $50, then you've got a good bargain. There were only 300,000 of these coins minted.



Large date and small date pandas



Investment grade large date and small date pandas

Pricing information is very immature for panda varieties so here's a search, not necessarily a list of recommendations, that shows you what I might have put in this article if there were more information available. Pricing is erratic, with no one quite sure what a fair price should be, not even the sellers themselves. That usually means everything is selling too cheap. Good luck, and get them while you can.



Proof pandas



All the early proof pandas are what I like to call $10,000 coins, because I firmly believe within the next decade, you will have to pay $10k+ to obtain one. coins here meet at least 4 of the 5 criteria to determine if a coin is a good investment. The only one they may not meet is the one about conservation, which is less important as long as the coin looks good despite its age, and not very important at all for gold, platinum, and palladium.

If any of the silver coins you buy have white spots when you receive them, you should probably return it for a refund. The white spots may be correctable through conservation, but that's the seller's problem, not yours.

Now that the issue of which silver proof panda coin is the rarest seems to have been settled, the 1994 and the 1996 have increased rapidly in value. However, it turns out that all three of the top coins - the 1994, 1995, and the 1996 - have similarly small actual mintages. There's no one coin that is dramatically rarer than any of the others. The information I have says that all of them have mintages of around 7000 to 8000 coins. So, buy them all up whenever you can, as your cash holdings allow.

Proof pandas are STILL underpriced even at $1000+

I had a great discussion with groovemachine in the chat about the enormously increased prices of silver proof pandas since they were initially listed in this article. In short, he expressed concerns that prices have increased so much - from a few hundred dollars to $1000 or more - that if someone were to buy one today, they would end up having to sit on it for a very long time before they could sell the coin for what was paid for it. This is very likely a common concern amongst my readers, and for some coins, I would agree - but not for the proof pandas. Here's why:

They're all still very much underpriced. The highest mintage proof pandas that I have listed here are the 1989 1 oz silver proof pandas with a mintage of 25,000 and the 2007 1/4 oz silver proof 25th anniversary pandas with a mintage of 30,000 (or less!). The 1989 is the cheapest of the 1 oz proof pandas,  with the highest price yet seen of $399 for a graded 69 specimen. People are shouting from the rooftops that the last sale prices of $199 for that coin were way too much, yet the prices keep rising.

The equivalent coin to compare to is the 1995-W 1 oz silver proof American Eagle, which has a mintage of 30,000 and sells for $3000. $399 doesn't seem like a lot of money anymore, does it? On top of that, there are many pristine specimens of the American coin - virtually the entire 30k mintage is available in top grades - but the 1989 Chinese panda may have a lower mintage than the official 25k figure, and on top of that, many were probably damaged or lost.

Most interestingly, when I first started posting my article, the American coin was worth $3000, and today, it's still worth $3000. Anyone who bought any of the recommended proof pandas during that time has seen asking prices at LEAST double since then. The American coin would have been a worthless investment, with no profits at all.

The other proof pandas are rarer than the 1989. Some of them have topped the $1000 mark. Are you "overpaying" for the hot coins? Probably. Does it matter in the long run? Heck no it doesn't. Will prices drop? I hope so, then I can buy more! Should you be worried if you "overpaid" AND prices drop? No, buy more and stop asking questions - I'm serious - Brain-dead easy investments like this don't come along every day. Ordinary people will only become aware of them perhaps 1 or 2 times in their entire lifetimes.

Do not wait to buy these coins. The silver proof pandas have, and are going to continue to perform the best of all the pandas. They're rare, hard to find, and very popular. Everyone who knows coins knows pandas. That makes them STILL a good investment, despite their strong increases in value since I began including them in this article. The secret is out, and I'm not going to remove. I toyed with the idea of letting them cool off for a while, but in the end, nothing has changed. If prices go up, I recommend you buy. If prices go down, I still recommend that you buy.

There are a lot of good investments in the modern Chinese coin market right now, but few are as certain as the silver proof pandas. As long as they're priced under $3000 for the most common ones, and under $5000 for the rarest ones, I will continue to call them underpriced.

What about the 2007 25th anniversary proof pandas I mentioned earlier? The last one I listed sold for $53! FIFTY-THREE DOLLARS! That's peanuts for a coin that's almost as rare as the 1989 1 oz silver proof panda that has sold several times for $199, and is now being offered for $399. I used to buy the 1989 1 oz silver proof pandas for $15 to $50 around 5 years ago. When I tell people that, they feel queasy, and wonder if they're too late to get into this market, but that's where the market is for the 2007 25th anniversary pandas. If you think the 1989 to 1996 1 oz silver proof pandas are the ones that got away, then get your hands on as many 2007 25th anniversary silver proof pandas as you can. You haven't missed that boat - No matter how you look at it, you're not too late in the market for those.

1986 5 coin gold proof panda set NGC PF 69 UC

1987 1/2 oz gold proof panda PCGS PR 69 DCAM

$1098 Buy-It-Now.

1987 1 oz silver proof panda NGC PF 69 UC

1987 5-coin gold proof panda set NGC PF 69 UC

1988 5-coin gold proof panda set NGC PF 69 UC

1989 1 oz silver proof panda NGC PF 69 UC

$250 auction, $300 Buy-It-Now. These have recently sold for $199, and is currently being offered for $350 in other listings.

1989 1 oz silver proof panda NGC PF 69 UC

$350 Buy-It-Now.

1989 5-coin gold proof panda set NGC PF 69 UC

NEW 1990 1/10 oz gold proof pandas PCGS PR 69 DCAM

$298 Buy-It-Now. With a mintage of only 5000, this coin is rarer than the 1994, 1995, and 1996 silver pandas that are selling for close to $1000 right now. The $298 price on this coin is a no-brainer.

1990 5-coin proof gold panda set NGC PF 69 UC

1990 1 oz silver proof panda PCGS PR 69 DCAM

This has recently sold for $268, $305.02, $299, and $298. I expect this coin to sell for $300 to $400, but could go much higher while demand greatly exceeds supply, pushing prices ever-higher.

1990 1 oz silver proof panda NGC PF 69 UC

The mintage is 20,000 and 212 are known graded 69 at NGC, and they have sold recently for $268, $305.02, and $299 (all from this list).

1990 1/10 oz platinum proof panda PCGS PR 69 DCAM

With only 4500 coins minted, this coin is very rare. Add to that the fact that a huge portion, if not most of them, were used in jewelry or melted down, then there are probably very few surviving specimens in high grades. With a price of only $699, and half the mintage of a silver proof panda that sells for almost twice as much, this is a highly recommended investment, even though it's platinum, which is less popular than either silver or gold, and will make it more difficult to sell.

1991 5-coin proof gold panda set NGC PF 69 UC

1991 1 oz silver proof panda NGC PF 69 UC

$399 auction, $450 Buy-It-Now. This has recently sold for $300.02 in only one auction, and has not sold in other listings. With fewer listings than the other pandas, I expect this coin to be taken off the market by either a buyer or the seller, or have its price increased soon.

1991 1 oz silver proof panda NGC PF 69 UC

This has recently sold for $300.02 in only one auction, and has not been available in other listings. With fewer listings than the other pandas, I expect this coin to sell for a higher price of $350 to $450, but could go higher.

1992 1 oz silver proof panda NGC PF 69 UC

$399 auction, $450 Buy-It-Now. These have recently sold for $399, and $449, and is currently being offered for $499.99 in other listings. I expect this coin to sell for $ to $, but could go higher. Many were destroyed. See below for more details on why this one is so expensive.

1992 1 oz silver proof panda NGC PF 69 UC

The official mintage for the 1992 coins is 20,000 but is probably lower, as is often the case for early coins. Prices have been steadily increasing, and this one has sold for $278 and $399 for a 69 specimen, and up to a whopping $738 for a damaged, ungraded coin. The $738 price was ridiculous, but it's a clue as to how crazy people get sometimes. The damage on the $738 coin is a torch sloppily engraved into it by a private coin dealer in Germany when the coin was first released. 3000 of them were damaged by the torch engraving, and word hasn't quite made it to all the collectors in China that the torch isn't supposed to be there. The Chinese dealers seem to be making good money by not telling them too!

So, we know that 3000 of these coins were damaged right when they were released, and I suspect that the Chinese dealers may be getting greedy, and they could be carving their own little torches into the surviving coins to try to score a $700+ price tag on a damaged coin. That means that, in addition to probably having a lower mintage than the official figures suggest, we already know that at least 3000 coins have been damaged. That makes this coin a good investment, because it doesn't cost more than coins that weren't damaged on a large scale.

I would grab this coin before word spreads that the little torch coins are actually damaged coins, and pristine coins are much rarer than people have thought. Only 109 have been graded a 69, which is about half as many as expected - but the coin does not cost twice as much! This coin is underpriced, and a good investment. Buy them when you find them.

NEW 1993 5 oz silver proof panda NGC PF 69 UC

$2000 auction starting price. There were 3000 planned to be minted of this coin, but only 8 total have been graded. Of those, only 5 have earned a 69 grade. Large size coins are very often damaged by mishandling at the mint, so it's always a rare treat to see one in a 69 grade. The last time 5 oz silver pandas made it to this list, they had a mintage of more than 3 times the mintage of this coin, and they only cost around $800 to $1000 when they sold on December 12, 2010. This coin is priced expensively, but where else are you going to get one in a 69 grade? There are only FIVE!

NEW 1993 1 oz silver proof panda NGC PF 69 UC

$699 Buy-It-Now.

1993 1 oz silver proof panda NGC PF 69 UC

These have recently sold for $550. I expect this coin to sell for $400 to $1000, but could go higher.

1993 1 oz silver proof panda PCGS PR 69 DCAM

$988 Buy-It-Now.

1993 1/4 oz gold proof panda NGC PF 69 UC

This is one of the most expensive sellers on ebay, but they always have the best coins. The other proof gold pandas I've listed here are priced way too low, but this one is much more fairly priced at $4985. It also happens to be one of the rarest with a mintage of only 2500! This coin will easily reach $10,000 levels within the next few years, or less. It could do it tomorrow! Once you've bought up all the bargains, get this coin. Rarities like this don't turn up often, so pay what you have to pay.

1994 1 oz silver proof panda NGC PF 69 UC

These have recently sold for $888, $648, and $1188. I expect this coin to sell for $1000 to $1200, but could go much higher. This is the rarest of the top three key dates in the proof panda series: 1994, 1995, and 1996.

1995 1 oz silver proof panda NGC PF 69 UC

These have recently sold for $655, $749, $799.99, and $799. I expect this coin to sell for $900 to $1200, but could go higher because this is one of the top three key dates in the proof panda series: 1994, 1995, and 1996.

1995 1 oz silver proof panda NGC PF 69 UC

1995 1 oz silver proof panda NGC PF 69 UC

The price of these has zoomed from around $450 to the present $1099 price on this listing. Sellers increased the price, and buyers keep buying them. If sellers don't drastically increase their prices, they won't have any inventory left. These are HOT!

1996 1 oz silver proof panda NGC PF 69 UC

These have recently sold for $500, $569, $400, and $888, and is currently being offered for $999 in other listings. I expect this coin to sell for $900 to $1000, but could go higher.

1996 1 oz silver proof panda NGC PF 69 UC

NEW 2007 1/4 oz silver proof 25th anniversary panda 25 coin set

$749.95 Buy-It-Now, or best offer.

2007 1/4 oz silver proof 25th anniversary panda 25 coin set

Search for 2007 1/4 oz silver proof 25th anniversary pandas

As a policy, I don't list coins that are not graded and authenticated by NGC or PCGS. However, this deal is too good to pass up, so I'm making an exception for it. I've seen the 2007 1/4 proof pandas sell for as cheaply as around $15 lately, but they're as rare as the other pandas selling for hundreds of dollars. There are many original sets of all 25 of the 2007 proof panda coins available on ebay right now. The lowest priced ones are about $900, and the highest priced ones are about $1300. At the highest price, that translates to only about $52 per coin! Compare that to the 1989 1 oz silver proof panda that has a similar mintage, and sells for $199 in a 69 grade.

Granted, almost none of these are graded. You'll have to know what you're doing to buy these, but I think you should be able to double your money on them easily once word gets out that you can still buy proof silver pandas for about the same price as an ungraded 2010 non-proof panda. Think it over - 2010 boring panda with a mintage of 3 million for $50, or a 2007 proof panda with a mintage 30,000 for $50. Don't be a fool, buy them up before sellers realize what they've got.



palladium pandas



NEW 2004 1/4 oz palladium panda NGC PF 69 UC

$895 auction starting price. These are usually being offered for over $1100. Projections on the price of palladium suggest that these will remain popular.



Rare gold BU pandas



1982 1 oz gold panda NGC MS 69

1982 gold panda set NGC MS 69

1982 1/2 oz gold panda NGC MS 69

I've been ignoring 1982 pandas for a long time, but I can't ignore them anymore. When they first came out near the end of the 1980's gold bubble, and before the numismatics boom of the late 1980's and 1990's, they were meant to be just ordinary bullion. China just wanted to make a gold bullion round to sell some of their gold production, so not much effort was put into the the design. The coins were frequently handled, dropped, scratched, dented, etc because no one thought they would end up being valuable in high grades.

It's technically only a medal, not a coin, because it has no face value. When it became more popular than expected, collectors requested that China put a face value on all the standard series pandas that followed. The Chinese government later retroactively insisted that the 1982 pandas are legal tender, though I don't know exactly what the face value is supposed to be.

The reason why a face value is so important is because legal tender anti-counterfeiting laws protect collectors by harshly punishing anyone that makes a fake. Medals have no such legal protection. However, China has had many governments during its history, and many different currencies. I have suspected that the details about whether a collectible metal disc is still legal tender or not matters comparatively little to Chinese people who have a long history of just using gold and silver in standard weights, instead of government-created things like dollars, yuan, renminbi, etc. However, medals without a face value have been slower to increase in value than the legal tender coins, so I haven't recommended them much in the past.

All that is changing. A few days ago, a medal sold for over $15,000 when it was expected to sell for $10,000. The bidding competition was unusually fierce, and coming from experienced collectors and investors with serious money to spend on coins. I have noticed the 1982 pandas have doubled in value during the last few months, and although they still don't seem to be increasing as fast as the other coins, I think that's actually an illusion. The other coins increase in spurts, as their popularity increases or decreases. The 1982 coins have always been popular, and they've been steadily increasing in value almost unnoticed.

When looking at the NGC grading populations for these "coins", it's clear they're rare in high grades. There are only 76 1/10 oz, 214 1/4 oz, 64 1/2 oz, and 79 1 oz coins graded in MS 69. Of those 4 sizes, the only one that isn't very rare is the 1/4 oz coin. The mintages for all of them are somewhat high compared to the mintages on the other coins I've been recommending, but for all but the 1/4 oz coin, they have good "grade rarity" and enormous popularity that makes them good investments. They're all extremely hard to find in a 69 grade, and complete sets are rarely seen. The 1/2 oz coin is the rarest overall, but the 1 oz coin has the most "grade rarity".

These prices are high, but where else can you find them in a 69 grade? There's just not enough of them out there. The 1 oz gold coin, for example, should have around 2500 coins on the entire planet that would grade 69 or better. That's NOT a lot of coins! I believe the 1982 pandas are a good investment. They may or may not perform as well as legal tender coins over the long term, but I think you'll have no trouble at all taking a profit and putting your money into something else if the high demand for medals does not continue. 1982 pandas are fortunately very easy to sell due to their high popularity.

1998 1 oz gold large date panda NGC MS 69

The seller of this coin has a reputation for occasionally overpricing coins to ridiculous values. This coin was one of those coins. WAS! The value of this coin is rising so fast, $10,000+ is becoming a fair price to pay. It's investment grade, individual, and most importantly, it's available. The 1998 large date coins also happen to be the rarest of all BU pandas. I know who has these coins, and I know they're not selling until the sets reach $30,000+. That will probably happen within 18 months or less, and although people will tell you this coin is ridiculously overpriced now, in a few months it will seem like a bargain. Pay the price you have to pay, it's worth it. A complete set of 1/20 oz to 1 oz coins will someday cost you $100,000 or more. $10k for the largest piece in the set (but not the rarest) is no big deal. Buy them when you find them, pay what you have to pay, and hold them tightly.

1999 1 oz gold large date serif 1 panda NGC MS 69

This is an extremely rare panda with an extremely high price. It was initially offered for $5999, and I ignored it. The seller dropped the price to $4999, which makes me wiling to recommend it here in this list. This is so irritating with all of these high prices on rare pandas, but this seller is the only one that is offering this coin. So, whatever they want for it, that's the price. If you want the best investment-grade coins, you have to pay what you have to pay. Don't worry about overpaying, as long as you get the coin, and you can hold it for the long term. In due time, you will be RICHLY rewarded. When it comes time to sell, you will be glad you're selling a coin that you can ask any price you want for it.



Rare lunar coins




NEW 1992 15 g silver lunar monkey NGC PF 69 UC

These are quite rare, especially in investment grades. None have been seen recently, and I expect it will sell for $200 to $300, but it could go higher.

NEW 1994 1 oz platinum lunar dog NGC PF 69 UC

$22,000 Buy-It-Now, $19,800 auction starting price. This has an official planned mintage of only 300 coins, which makes it an elite-level investment-grade coin. Probably fewer coins were minted, and rumors are circulating that many of them were melted by refiners during platinum price peaks.

1999 1/2 oz gold lunar scallop plum blossom flower rabbit PCGS PR 69 DCAM

This coin is too expensive at $4300 - but it's the only one available. I posted about others that were available for half as much just a few days ago, but they're gone, so $4300 is your new price for those who weren't the lucky buyers of those other recommendations. This coin has a mintage of only 2300 coins, so I have no doubt you'll be able to sell it for $10k+ within a few years or sooner, though I do not recommend planning on selling it at that price because it could go FAR higher. You "overpay" now for a good coin just to get it, and then make your profits later. It's frustrating this price is so dramatically higher than the last coins that sold, but you won't get good coins if you don't pay what you have to pay to get them.

In short, is $4300 an unfair price to pay for a coin that was selling for around $2500 to $3000 only one week ago? No, it is not unfair at all. Expensive, yes, but if you have the cash, buy this coin. It will only cost you more later.



Other investment grade coins



1979 1/2 oz silver matte year of the child NGC MS 69

This is a great coin being offered at a fair price. Cheapskates keep offering low-ball prices, but this coin is worth every penny of the $15,000 asking price. The last coins sold for increasingly high values of $7000 to almost $10,000 recently, and none of them were graded. This coin has a high 69 grade, a low mintage, and is extremely popular. Don't be a cheapskate, pay the full asking price and grab it before someone else does. It is worth it.

1993 1/2 oz gold Mao Tse-Tung NGC PF 69 UC

This coin is expensive. It has an official mintage of 5000, but probably fewer pieces were actually minted. The pricing information out there says it should be priced about $1000 lower than it is. People have made many offers on this coin, trying to get it at a cheaper price. The problem is, the price information people are relying on is for ungraded coins. This coin has a high, investment-quality grade. I think that makes it worth the extra $1000. The unusually high number of offers made on this coin leads me to believe that the coin is very popular, and priced close to what people think it should sell for - but people are just being cheap. The best coins require aggressive buying, and $1000 here and there won't matter in the long run.

NEW 1996 1/4 oz platinum unicorn NGC PF 69 UC

$17,300 Buy-It-Now. This coin has an official planned mintage of only 500 coins, but as usual, probably fewer were made, and even less survived in investment-grade.



Helpful searches



These are helpful searches for coins, not necessarily a list of recommendations, like the other items in this article. If you didn't see anything you like above, you may find coins on your own here that I have ignored or overlooked. I've included an ebay search widget to show you a sample of search results, when possible (they don't always work, so I leave them out).

I'm not going to be able to keep track of when stuff in these searches sell, so you'll have to let me know if you invest in something from these automated searches, so I can include it in the list of other coins that have sold. It would also be appreciated if you posted your coins in the LBC makes me rich thread. Thank you very much!

Search for Chinese coins in 69 grade

Search for Chinese coins in 70 grade

Search for all Chinese coins

Search for proof pandas

Search for panda coins of all types



Sold recommendations



Total recommendations sold: $88554.30

Coins sold from the Recommended modern Chinese coin investments #27 article, total: $18595

1989 8 g gold lunar snake NGC PF 69 UC for $800 Jan 06, 2011
1998 1 oz gold large date panda NGC MS 69 for $5500 Jan 06, 2011
2004 1/2 oz palladium panda NGC PF 69 UC for $895 Jan 06, 2011
2008 5 oz gold panda NGC MS 70 for $11,400 Jan 06, 2011

Coins sold from the Recommended modern Chinese coin investments #26 article, total: $869.95

2007 1/4 oz silver proof 25th anniversary panda 25 coin set for $700 Jan 04, 2011
2005 1 oz silver panda NGC MS 70 for $169.95 Jan 04, 2011

Coins sold from the Recommended modern Chinese coin investments #25 article, total: $823

1998 2/3 oz silver lunar scallop plum blossom flower tiger NGC PF 69 UC for $770 Jan 03, 2011
2007 1/4 oz silver 1989 25th anniversary panda NGC PF 70 UC for $53 Jan 02, 2011

Coins sold from the Recommended modern Chinese coin investments #24 article, total: $2408.11

2008 1 oz silver olympic kite flying NGC PF 70 UC for $88.01 Jan 02, 2011
2008 1 oz silver olympic goat jumping NGC PF 70 UC for $87.10 Jan 02, 2011
2008 1 oz silver olympic shuttlecock NGC PF 70 UC for $81 Jan 02, 2011
2008 1 oz silver olympic hoop rolling NGC PF 70 UC for $82.01 Jan 02, 2011
1996 1 oz silver small date panda NGC MS 69 for $99.99 Jan 01, 2011
1986 1/10 oz gold proof panda NGC PF 69 UC for $280 Jan 01, 2011
1986 1/4 oz gold proof panda NGC PF 69 UC for $540 Jan 01, 2011
1986 1/20 oz gold proof panda NGC PF 69 UC for $150 Dec 31, 2010
1986 1/2 oz gold proof panda NGC PF 69 UC for $1000 Dec 31, 2010

Coins sold from the Recommended modern Chinese coin investments #23 article, total: $2178

1996 1 oz silver small date panda NGC MS 69 for $85 Dec 31, 2010
1996 1 oz silver large date panda NGC MS 69 for $85 Dec 31, 2010
1992 1 oz silver proof panda NGC PF 69 UC for $449 Dec 31, 2010
1990 1/20 oz gold proof panda NGC PF 69 UC for $298 Dec 31, 2010
1989 1/4 oz gold proof panda PCGS PR 69 DCAM for $598 Dec 31, 2010
2010 1 oz silver panda PCGS MS 70 for $95 Dec 31, 2010
1989 1/4 oz gold proof panda NGC PF 69 UC for $568 Dec 30, 2010

Coins sold from the Recommended modern Chinese coin investments #22 article, total: $600.11

2007 1/25 oz gold 2004 15 yuan proof panda NGC PF 70 UC for $119.99 Dec 30, 2010
2010 1 oz silver panda PCGS MS 70 for $103.38 Dec 30, 2010
2010 1 oz silver panda PCGS MS 70 for $103.76 Dec 30, 2010
2010 1 oz silver panda PCGS MS 70 for $100.88 Dec 30, 2010
2009 1 oz silver panda NGC MS 70 for $86.05 Dec 29, 2010
2009 1 oz silver 30th anniversary panda NGC MS 70 for $86.05 Dec 29, 2010

Coins sold from the Recommended modern Chinese coin investments #21 article, total: $3975.38

2010 1 oz silver panda PCGS MS 70 for $101.88 Dec 29, 2010
2010 1 oz silver panda PCGS MS 70 for $108.50 Dec 29, 2010
1987 1/4 oz gold proof panda PCGS PR 69 DCAM for $550 Dec 28, 2010
1994 1 oz silver proof panda PCGS PR 69 DCAM for $1188 Dec 28, 2010
1995 1 oz silver proof panda NGC PF 69 UC for $799 Dec 28, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $888 Dec 28, 2010
2003 1 oz silver panda NGC MS 70 for $340 Dec 28, 2010

Coins sold from the Recommended modern Chinese coin investments #20 article, total: $4541.93

1990 1/2 oz gold proof panda PCGS PR 69 DCAM for $1298 Dec 28, 2010
2009 1 oz gold panda NGC MS 70 for $1850 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 for $108.38 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 for $106.50 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 for $104.05 Dec 28, 2010
2010 1 oz silver panda PCGS MS 70 X 10 for $1075 Dec 28, 2010

Coins sold from the Recommended modern Chinese coin investments #19 - Don't buy ungraded coins article, total: $2316.24

1990 1 oz silver proof panda NGC PF 69 UC for $299 Dec 27, 2010
1992 1 oz silver proof panda NGC PF 69 UC for $399.99 Dec 27, 2010
2005 1/2 oz palladium panda NGC PF 70 UC for $1295 Dec 27, 2010
2010 1 oz silver panda PCGS MS 70 for $105.60 Dec 27, 2010
2010 1 oz silver panda PCGS MS 70 for $108.05 Dec 27, 2010
2010 1 oz silver panda NGC MS 70 for $108.60 Dec 27, 2010

Coins sold from the Recommended modern Chinese coin investments #18 article, total: $1716.48

1984 27 g silver panda NGC PF 69 UC for $1613.88 Dec 26, 2010
2010 1 oz silver panda PCGS MS 70 for $102.60 Dec 26, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-24 article, total: $2089.19 (passed $50k in sold recommended investments)

2010 1 oz silver scallop plum blossom flower tiger NGC PF 69 UC for $275 Dec 24, 2010
2010 1 oz silver panda PCGS MS 70 for $105.60 Dec 25, 2010
2010 1 oz silver panda PCGS MS 70 for $108.60 Dec 25, 2010
1995 1 oz silver proof panda NGC PF 69 UC for $799.99 Dec 24, 2010
2004 1/2 oz palladium panda NGC PF 69 UC for $800 Dec 24, 2010

Coins sold from the Recommended modern Chinese coin investments and commentary - 2010-Dec-23 article, total: $1901.60

1995 1 oz silver proof panda NGC PF 69 UC for $749 Dec 23, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $569 Dec 23, 2010
2010 1 oz silver scallop plum blossom flower tiger NGC PF 69 UC for $275 Dec 23, 2010
2010 1 oz silver panda PCGS MS 70 for $103.60 Dec 23, 2010
2010 1 oz silver panda PCGS MS 70 for $102.50 Dec 23, 2010
2010 1 oz silver panda PCGS MS 70 for $102.50 Dec 23, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-21 article, total: $6892.07

1985 27 g proof panda NGC PF 69 UC for $1619 Dec 22, 2010
1989 1 oz silver proof panda NGC PF 69 UC for $199.99 Dec 22, 2010
1990 1 oz silver proof panda NGC PF 69 UC for $268 Dec 22, 2010
1990 1 oz silver proof panda PCGS PR 69 DCAM for $305.02 Dec 22, 2010
1991 1 oz silver proof panda NGC PF 69 UC for $300.02 Dec 22, 2010
1995 1 oz silver pig NGC PF 69 UC for $970 Dec 22, 2010
1995 1 oz silver proof panda NGC PF 69 UC for $655 Dec 22, 2010
2006 1 oz silver panda NGC MS 69 for $61 Dec 22, 2010
2006 1 oz silver scallop plum blossom flower dog NGC PF 69 UC for $280 Dec 22, 2010
2010 1 oz silver panda PCGS MS 70 for $102.50 Dec 22, 2010
2010 1 oz silver panda PCGS MS 70 for $105.54 Dec 22, 2010
1994 1 oz silver proof panda NGC PF 69 UC for $888 Dec 21, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $569 X 2 Dec 21, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-20 article, total: $8762.24

1983 1 g gold Marco Polo NGC PF 69 UC for $402 Dec 20, 2010
1996 1 oz silver proof panda NGC PF 69 UC for $569 X 2 Dec 20, 2010
1997 1/2 oz gold scallop plum blossom flower ox PCGS PR 69 DCAM for $2988 Dec 20, 2010
1998 1/2 oz gold scallop plum blossom flower tiger NGC PF 69 UC for $3551 Dec 20, 2010
2010 1 oz silver panda NGC MS 70 for $66.89 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $97 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $109.50 Dec 20, 2010
2010 1 oz silver panda NGC MS 70 for $119 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $123.50 Dec 20, 2010
2010 1 oz silver panda PCGS MS 70 for $126.30 Dec 20, 2010
2010 1 oz silver panda PCGS MS 69 for $41.05 Dec 20, 2010

Coins sold from the Recommended modern Chinese coin investments - 2010-Dec-19 article, total: $16,422

1986 24 g silver empress of china clipper ship NGC MS 70 for $499.95 Dec 19, 2010
1988 1 oz silver dragon NGC PF 69 UC for $565.55 Dec 19, 2010
1988 8 g gold dragon NGC PF 69 UC for $1325 Dec 19, 2010
1989 1 oz gold snake NGC PF 69 UC for $4100 Dec 19, 2010
1989 8 g gold snake NGC PF 69 UC for $965 Dec 19, 2010
1998 1/2 oz gold small date panda NGC MS 69 for $6087 Dec 19, 2010
1999 1 oz gold small date panda for $2351.99 Dec 19, 2010
2001-D 1 oz silver panda PCGS MS 69 for $160 Dec 19, 2010
2001-D 1 oz silver panda PCGS MS 69 for $144.99 X 2 Dec 19, 2010
2010 1 oz silver panda PCGS MS 70 for $125 Dec 19, 2010
2010 1 oz silver panda PCGS MS 70 for $97.50  Dec 19, 2010

Coins sold from older articles, total: $14,463

2008 1 oz silver panda NGC MS 70 for $150 Dec 18, 2010 (LBC makes me rich)
2010 1 oz silver panda NGC MS 69 for $42.05 Dec 18, 2010
2009 1 oz silver 30th anniversary pandas NGC MS 69 X 10 for $510.95 Dec 16, 2010
1986 5 yuan soccer NGC PF 69 matte KM-140A for $3950 Dec 15, 2010
1987 5 oz silver panda NGC PF 69 UC for $800 Dec 12, 2010
1989 5 oz silver panda NGC PF 69 UC for $960 Dec 12, 2010
2000 1/2 oz gold scallop lunar dragon PCGS PF 69 DCAM for $5895 Dec 12, 2010
2010 1 oz silver panda PCGS MS 70 for $105 Dec 10, 2010
2010 1 oz silver panda PCGS MS 70 for $125 Dec 08, 2010 (LBC makes me rich)
2010 1 oz silver panda PCGS MS 70 for $125 Dec 08, 2010
1983 silver proof panda for $1800 Dec 06, 2010
« Last Edit: 2011 Jan 07, 04:55:45 pm by badon » Logged

If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
Backup is not enough. Protect your data with MultiPar.
Writer of LBC Chinese coin investment articles (list).
About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
I type faster on a TypeMatrix.
Use my work. Give credit.
Coin, medal, whatever!
Coin storage advice.
FreeArc is amazing.
User contributions for Badon - Coin Compendium
dobedo
Mogul
****
Offline Offline

Posts: 440


« Reply #1 on: 2011 Jan 06, 09:30:10 pm »

I'll take credit for pushing 1994-1996 proof pandas over the $500 in one day. Yeah, let the fun begin.
Logged
badon
Administrator
Capitalist Pig
*****
Online Online

Posts: 10314


badon™


« Reply #2 on: 2011 Jan 06, 09:35:58 pm »

Haha, it's exciting to be a market driver, isn't it? I'm sure they'll sell for quite a lot more than that though. They may even hit record prices, and cause people to snap up all the Buy-It-Now listings that haven't had their prices adjusted. I'm sure the sellers of those are watching these auctions though, so if someone reading this plans to do that, you'll have to do it fast.
Logged

If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
Backup is not enough. Protect your data with MultiPar.
Writer of LBC Chinese coin investment articles (list).
About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
I type faster on a TypeMatrix.
Use my work. Give credit.
Coin, medal, whatever!
Coin storage advice.
FreeArc is amazing.
User contributions for Badon - Coin Compendium
FanofBadon
Serious Business
***
Offline Offline

Posts: 218



« Reply #3 on: 2011 Jan 07, 04:45:37 am »

Lunar coin section:

CHINA 2006 SCALLOP 10 YUAN YEAR OF DOG NGC PF-69 UC

Edit by tamo42: made link easier to read
« Last Edit: 2011 Jan 07, 08:26:14 am by tamo42 » Logged

All the darkness of the world can not extinguish the light of a single candle.
badon
Administrator
Capitalist Pig
*****
Online Online

Posts: 10314


badon™


« Reply #4 on: 2011 Jan 07, 02:02:58 pm »

I saw that one, but I decided to leave it out because it's kind of expensive relative to many of the other coins here. Last time one showed up, I did the same thing, but changed my mind later. I might do that again. Once the better coins are gone, it might make it into my list. It's rare, but it's not nearly as rare as some of the other coins.
Logged

If families are a problem for the system, then we must reject the system, not the families.
Founder of the Coin Compendium (forum, blogs, calendar, images, donate, contribute).
LBC makes you rich, with a free ebay gift certificate awarded every month!
The Coin Compendium and the china-mint.info forum, censure, disclosure.
Do not PM questions. Answers should be publicly available.
Backup is not enough. Protect your data with MultiPar.
Writer of LBC Chinese coin investment articles (list).
About me: User:Badon - MediaWiki.org
Badon effect: type 1 to 8, type 9.
I type faster on a TypeMatrix.
Use my work. Give credit.
Coin, medal, whatever!
Coin storage advice.
FreeArc is amazing.
User contributions for Badon - Coin Compendium
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.18 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.143 seconds with 19 queries.