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Does established coin community shun Pandas

Discussion in 'PM's - Coins - Numis - Base Metals' started by eyeball, Sep 20, 2013.



  1. eyeball

    eyeball New Member

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    Does any one think buying Panda coins are un american. I notice that old time collectors do not collect these coins, and kind of shun away from them. they seem to only colect US coins I was wondering why? Is it because they are Chinese, or that they don't have a very good resale value.

    Thx
     
  2. Usc96

    Usc96 Gold Member Gold Chaser

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    They are pretty, but I would worry that they either are counterfeit, of that I would have a hard time selling them because folks might fear they are counterfeit.
     
    bemac and GOLDZILLA like this.
  3. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    I'm not an old time collector by any means. I thought about gettin a few when I first started collecting but that is where it ended.
    I decided that I will not buy the Chinese stuff. But that's just me. Right now I'm putting together rolls of Franklins and JFK's. The old 90% pure American money is the cats meow. Imo.
     
  4. EO 11110

    EO 11110 He Hate Me Mother Lode

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    same here -- avoid them because of their roots
     
  5. smooth

    smooth Gold Member Gold Chaser

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    I had a few fractionals a couple years ago that i traded to a fellow I know for some Eagles. I came out ahead in weight, and he never showed any concern about fakes. I love it when someone has to have something.:s1: Just my small experience
     
  6. EO 11110

    EO 11110 He Hate Me Mother Lode

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    those rolls, circulated or unc? been kicking around the idea of picking up some uncs :confused:
     
  7. birddog

    birddog Gold Member Gold Chaser

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    I wont buy their coins because of the counterfeit issues.
     
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  8. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    mostly circulated. I did however snag 8 bu franks on the bay a couple weeks back. Paid 9.35 each after shippin...will add pics as I was pretty proud of what I got.
     
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  9. EO 11110

    EO 11110 He Hate Me Mother Lode

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    nice score. I haven't been able to pull the trigger on any uncs, the premiums...
     
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  10. hammerhead

    hammerhead Not just a screen name Gold Chaser

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    Don't ever ever ever buy any off of ebay. :afraid:
     
  11. The_Head

    The_Head Seeker Seeker

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    I think I looked at the gold Pandas on Provident once and they seemed to have a higher premium than other 1/10, 1/4, 1/2, 1 oz bullion coins, so I didn't go for it.
     
  12. curmudgeonista

    curmudgeonista Banned

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    1) There was a time Pandas carried a high premium. Not sure if they still do. I haven't looked at them in years.

    2) Then the rampant counterfeiting, as has been mentioned by others here, became a concern.

    3) And, personally, I have too many other things on my wish list.
     
  13. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    I know. Folks have been payin 20 and 30 or more a pop for these jokers. I got lucky...fuzzy pic from seller and he didnt ever bother to mention the great condition. I got one 49, 50, a 51 and 5 52's. sory for the less than Tom quality on the pics that don't do em much justice.

    001.jpg
    014.jpg

    And a lil peak at a poor man's stack...
    003.jpg
     
  14. pay dirt

    pay dirt Gold Member Gold Chaser

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    Most everything that is associated with made in China is cheap cr@p. They make knockoffs of knockoffs.

    Those UNC franklins are nice, being pre 55 they will only go up in collector value, a person cant go wrong picking them up at junk prices.
     
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  15. TomD

    TomD It blowed up, y'all Platinum Bling

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    I buy 1 Panda a year from Apmex for my personal collection. Every fake coin, gold or silver, that I've bought has been a Panda.

    A Panda or two bought from Apmex (or other major dealer) for your collection is fine.

    [​IMG]
    2009 Panda by TomD77, on Flickr
     
    Last edited: Sep 20, 2013
  16. Zed

    Zed Size doesn't count! Midas Member

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    It will all go for spot on a melt and assay basis near the top of the market.

    2c
     
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  17. eyeball

    eyeball New Member

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    Well if you go online to the big dealers they are paying like $5.00 over spot for silver Pandas.. There are huge collectors around the world. I cant see the problem of buying slabbed pandas knowing they are real. Chinese coins have a huge following, just not among long term US collectors.
     
  18. Shortstack

    Shortstack Bain of the Authoritarian Follower Gold Chaser

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    I wish more people thought that way about Wallmart or the other big stores.
     
  19. Zed

    Zed Size doesn't count! Midas Member

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    So do I, then we wouldn't buy that cheap US crap you keep trying to dump over here.
     

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