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Does established coin community shun Pandas

eyeball

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#1
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
 

stonedywankanobe

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#3
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.
 

smooth

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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
 

EO 11110

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#6
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 but 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.
those rolls, circulated or unc? been kicking around the idea of picking up some uncs :confused:
 

birddog

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#7
I wont buy their coins because of the counterfeit issues.
 

stonedywankanobe

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

hammerhead

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#10
PHP:
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
Don't ever ever ever buy any off of ebay. :afraid:
 

The_Head

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#11
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.
 
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#12
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.
 

stonedywankanobe

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#13
nice score. I haven't been able to pull the trigger on any uncs, the premiums...
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
 

pay dirt

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#14
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.
 

TomD

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#15
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.


2009 Panda by TomD77, on Flickr
 
Last edited:

eyeball

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#17
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.