Chinese Gold Pandas - To Grade or Not to Grade

Hello All,

It's been a little while since I last posted on this site. I've been organizing things and looked into some older Chinese Gold Pandas that were collected several years ago. The majority of these are still in the original government plastic, while others are out of plastic but still preserved very well. These include items from 1/10 of an ounce to 1 ounce pieces from 1982 to 2007. I have sorted these by date, by size, by variety (if any), and by condition (basically either spotless or with minor red spots). Basically I would like to know whether it is worth it or not to grade (through NGC) all or some of these coins.

The item I am most interested in is a 1982 1 ounce gold panda which is effectively PERFECT. This coin is still sealed within the original plastic, except for a tiny cut on a corner of the plastic which might have actually saved it from PVC damage over time. Looking over the entire surface on the obverse and reverse I cannot detect even a hint of a red spot developing. I have seen people paying anywhere from 2,750 to 3,000 each for these as MS68 or sealed. Then I have seen people paying 5,000+ for MS69 graded pieces. The NGC price guide shows an MS69 price of 8,500. Does anyone know what these are retailing for right now??? NOTE: The coin in question may appear perfect on the surfaces, but there are two TINY TINY rim nicks on the VERY EDGE of the coin. I am not sure how picky NGC is on the grading of these. Any comments on whether or not I should sent this in would be greatly appreciated. Is it worth removing from the original plastic? Or will NGC numerically grade it with the two SUPER TINY rim nicks?

On a quick side note: Another NGC grading question.......Does anyone know how NGC grades Chinese Gold Pandas if they have red spots? Small to large, how do they vary their grading according to the obvious pinpoint red spots on a coin?

I have many other Chinese Gold Panda coins, too numerous to list here in this initial post that I question whether or not they should be graded. Hopefully I will get a good response from this, and if necessary I can list the other items I have along with their size, varieties, conditions, etc.

Thank you all in advance for you consideration on this topic. I do not see much on here about Chinese Gold Pandas, so I hope this will spark an interest in perhaps a more prolonged discussion on the series.

-----Steven

 

Log in or Sign up to hide this ad.

Sure why not, if nothing else they'll probably be protected better than they will in their original packaging. If you think it will go 70 or even 69, go for it. If you think it will go 68 or worse, may as well not bother; slabbed at 68 or worse will actually lower the desirability below keeping it in the original package. (I'd say the same thing on silver Pandas too btw.)

I'm not huge on slabbing but I can't deny what I see in the market for how Pandas go. Slabbed 69 or 70's go for a lot; slabbed 68's are worse than just keeping it in the original package. Market has been pretty consistent on this for as long as I've bothered to look.

P.S. Red spots are a detracting mark, and I'd imagine they'd have to cost a least a point in the grading, especially since it can only get worse over time, not better. Maybe not enough to cost it a 69 but I can't see it getting 70 with any spotting. That's why for the longest time PCGS refused to give ASEs 70's, because milk spots may develop later.

Just my 2 cents for whatever that's worth.

 

Post pics

 

There was a rash of counterfeit gold panda coins a few years back that were in the same double sealed packaging as the ones from the mint. I forgot the seller account name, but there was one that unloaded a ton of them on ebay before finally getting banned. I would get them graded for both that reason and also the chance of getting a high MS point which would up the value.

 

Hey, thanks for the responses so far guys. As far as the chance that these are counterfeit, it is VERY unlikely. These were gathered through a collection many many years ago by a wise gentleman that dealt directly with the Chinese.

I would still like some information with regards to my original post as to what the retail value of an MS69 1 ounce 1982 gold chinese panda is.

Also, any other information regarding other items from my original post would be greatly appreciated. If need be, I can provide photographs of the coins and potentially provide a list of coins as well to those interested.

Overall, I would just like to know the best way to proceed at this point.

Thank you in advance,
Steven

 

Hi Steven

I can help since I am a collector of modern chinese coins. edited

Kind regards
Chris

 

I'm not saying that so much because of suspicion about your coins, I am saying that in terms of other people's confidence. This is only if you plan on selling the coins of course.

 

Thank you Numismat. I appreciate that.

And thank you to everyone else who has replied to this post. Any further information would be greatly appreciated. Thank you.

 

Back in the 80's the Chinese Peoples Bank produced 2 books..at the time I collected some Chinese Gold Commem's...
These books are now fairly rare since only a small quantity were produced...
I have the #1 Vol 1979-1988
Edited by China Coins Limited in June 1988

Title:
Modern Chinese Commemorative Gold and Silver Coins And Medals Pictorial
Distributed by the Peoples Bank of China

Very Cool Book.

RickieB

 

Very interesting RickieB, I've never heard of such a book.

 

I will scan the cover for you and post

 

Here ya go...

 

Very nice, thank you for the inclusion RickieB.

 

The Book says that the 1982 coin 1 ounce was 15,971 99.9% pure with OD of 32 mm

 

I believe that is true, but then I have seen on certain sites a "revised mintage" of 13,532. Do you or anyone else know where this revision comes from and whether it is accurate? Also RickieB, do you know of any of these retailing in NGC MS69 and what they have been going for?

 

I wish I could help you.. I went over to the Darkside (Paper Money ) quite a while ago...
Sold all the Chinese Mint Gold and Silver years ago..did well..kept that book though I was told it would be a limited set..wish I had Vol #2

 

Very good, Paper Money has been doing very well here recently. If you find out anything let me know. Thank You.

 

Will do...

Keep that Coin!!

 

The Leading Page for the 1982 Panda