Sunday, May 27, 2007

Rare Silver Proof Pandas on Fire

One of the greatest sleepers in the Panda series appears to be taking off. While most of the silver Pandas issued have had mintages in the 200,000+ range, there are several little known issues with mintages from 8000 to 25000 peices. These are the 1983-1985 BU silver coins and the 1989-1996 Silver Proofs.


Mintages:
  • 1983: 10,000
  • 1984: 10,000
  • 1985: 10,000
  • 1989-P: 25,000
  • 1990-P: 20,000
  • 1991-P: 20,000
  • 1992-P: 20,000
  • 1993-P: 20,000
  • 1994-P: 15,000
  • 1995: 10,000
  • 1996: 8,000
The 1983-1985 BU coins continue to increase in price steadily: currently in the $300-$500 Range when you can find them.
Since the BU silver Pandas often have a very proof-like finish, the proof versions have been often overlooked. In fact, the P mintmark may be all that distinguishes them in some years.
The 1995 and 1996 issues, however, have no P mark. The obverse panda design on the proofs is different from the BU coins. I have been amazed at the low prices of these rare coins, until recently. Over the last 8 months the prices have soared!





1995 Obverse:




1996 Obverse:



The 1989-P through 1994-P issues have also started to rise, moving from $30-50 and approaching $75-$100+.
Keep an eye on my Ebay store for rare silver and gold panda coins.

5 comments:

Ldreher said...

First off, It's nice to see somebody blogging about the panda series. I'm in the process of creating a panda forum for discussions of any aspect of collecting pandas. I hope you'll participate.

One minor comment. I know it's subtle but I think we should be consistent... The Panda side of the coins is the reverse. The date side is the obverse. I know it's counterintuitive.

Anonymous said...

I'm confused as to why the 1995 pandas are suddenly so much more expensive than the 1996 pandas, by double, triple, or oven more sometimes. The 1995 has a mintage of 10000. The 1996, 8000. So, if the 1996 is rarer, why is the 1996 selling for around $300, and the 1995 for around $500?

Same story with the gold too. The 1995 has 2000 mintage, and the 1996 has 1500. The relative difference is even larger than for the silver, and once again, the 1995 is substantially more expensive.

One seller says that the Chinese mintage figures are inaccurate, and only 555 of the gold coins were actually produced. If that's true, then it explains a lot, and the difference should probably be even greater than it is.

The 1 oz gold and silver proof pandas are likely to appreciate about 100% per year I think, if they continue at the rate they've been going at.

And don't forget the Lunar animals series. The scallop plum blossom flower types are a GREAT investment. The most common one has a mintage of only 6800, in silver, and 2300 in gold. The early ones have mintages of around 5000 to 20000, depending on the year and metal. They haven't been discovered yet, but they've still been appreciating dramatically. They're so much rarer than the pandas that there isn't the same collector base, and they're just tough to find since there's no common search terms other than "lunar" which not all sellers use.

Why so few posts to this blog? Chinese coins are the Next Big Thing.

Jay said...

I might buy a silver panda from your store. just a heads up.

Alyson said...

Good post.

dudecodybmx said...

hi, i have two silver panda coins that say 1991 .999 on the front showing a panda on all fours and a pic of china on the back that says china one ounce .999 fine silver. is this just a bad fake? it doesnt look like the 1991 panda coins ive seen at all,