Thursday, August 28, 2008
A recent comment raised a subject that I have been meaning to discuss for a while: I believe that the real surviving mintages for many of the Gold Panda coins of the 1990's is quite low.
The 1990's was a time of very low gold demand. Gold was declining in price and few collectors or investors were buying. Official mint sales limits were not met, and dealers could not sell the inventory of coins they had purchased.
Recent information published by the official Chinese Panda distributor has shown that the number of coins actually shipped by the mint at that time was much lower than what was officially published at the time. Ranging to as low as 4,000 coins for some issues.
I have heard from long time dealers that sales were so poor in those days, that many dealers were forced to liquidate thousands of unsold gold pandas by selling them to refiners to be melted down. It is unkown how many gold panda coins were lost. As one who watches the sales on ebay and other areas, I have observed that the mid-1990's Pandas are less common.
As investors and collectors worldwide move to gold and numismatics as a store of wealth against depreciating currencies, these coins are likely to emerge as unexpected rarities.
Have you got your 1990's Pandas?
Table of 1990s mintages click here