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Gold pandas - should I get them graded?


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I have some gold pandas, the largest being 8g. Most are 1g and I have a couple of 3gs. All are in original sealed packaging.

They range in date from 2016 - 2020

I was thinking of possible selling them in the future, but wondered if I should get them graded first?

Any advice on how much grading costs and where I can get it done in the UK would also be appreciated.

Thanks

 

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If you get ms70 grade then hypothetically it's worth it on a panda, but I sincerely doubt you will on a mass produced bullion coin.

Personally I'd imagine due to the nature of how they are minted/stored before purchasing, you will achieve a ms68 or less. Then you have just wasted the grading and postage costs.

Your panda's will still sell very well on here if priced correctly. Just my personal opinion obviously and others may offer a differing view.

I like to buy the pre-dip dip

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16 minutes ago, LittleMan said:

I have some gold pandas, the largest being 8g. Most are 1g and I have a couple of 3gs. All are in original sealed packaging.

They range in date from 2016 - 2020

I was thinking of possible selling them in the future, but wondered if I should get them graded first?

Any advice on how much grading costs and where I can get it done in the UK would also be appreciated.

Thanks

 

I should add that @GoldDiggerDave on here offers a grading service, so he will be able to answer costs involved etc.

I like to buy the pre-dip dip

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Just now, Mtaybar said:

I have a silver coin currently being graded using @GoldDiggerDave. £65 using his service. I assume that's the standard rate regardless of coin but he could correct me if I'm wrong. 

Proof I assume?

I like to buy the pre-dip dip

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I wouldn't worry about grading them for the reasons @James32 mentioned. They'd sell well as they are if priced right. If you were dead set on grading then maybe pick the best one or two and take it from there. 

1 minute ago, James32 said:

Proof I assume?

Yeah, a 2oz silver gothic portrait 

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13 minutes ago, Gordy said:

I personally wouldnt bother, stick them in a nice fitting cap and enjoy them, I have a couple of fractional pandas and they're fab as they are... 

Agree 100%

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26 minutes ago, James32 said:

If you get ms70 grade then hypothetically it's worth it on a panda, but I sincerely doubt you will on a mass produced bullion coin.

Personally I'd imagine due to the nature of how they are minted/stored before purchasing, you will achieve a ms68 or less. Then you have just wasted the grading and postage costs.

Your panda's will still sell very well on here if priced correctly. Just my personal opinion obviously and others may offer a differing view.

 

Thanks guys. So basically - No dont get them graded.

I did not realize pandas had to grade so high to make it worthwhile! Or that grading was so expensive.

To know they will always sell well here is reassuring.

All coins are sealed in original packaging are are free of any obvious defects (to my untrained eye).

What are the "correct prices"? Most the online gold shops just seem to offer spot for them.

The chards prices seam very low to me:

https://www.chards.co.uk/blog/sell-gold-panda-coins/290

I dont see many gold pandas selling on eBay so dont really know what they are worth. From what I could see I would estimate somewhere around, £75-95 1g, £180-200 3g, £450-500 8g.

I found this place:

https://www.burlingtons.ltd/what-we-buy/coins/sell-gold-panda-coins/

I have asked for some prices, so it will be interesting to see what they offer compared to the going rates here and my own guesses from eBay research.

So if anyone knows what the rough going rates here are?, that would be that would be great.

Thanks again.

 

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4 minutes ago, LittleMan said:

 

Thanks guys. So basically - No dont get them graded.

I did not realize pandas had to grade so high to make it worthwhile! Or that grading was so expensive.

To know they will always sell well here is reassuring.

All coins are sealed in original packaging are are free of any obvious defects (to my untrained eye).

What are the "correct prices"? Most the online gold shops just seem to offer spot for them.

The chards prices seam very low to me:

https://www.chards.co.uk/blog/sell-gold-panda-coins/290

I dont see many gold pandas selling on eBay so dont really know what they are worth. From what I could see I would estimate somewhere around, £75-95 1g, £180-200 3g, £450-500 8g.

I found this place:

https://www.burlingtons.ltd/what-we-buy/coins/sell-gold-panda-coins/

I have asked for some prices, so it will be interesting to see what they offer compared to the going rates here and my own guesses from eBay research.

So if anyone knows what the rough going rates here are?, that would be that would be great.

Thanks again.

 

Not really sure on price tbh but always go cheaper than the cheapest UK dealer ( in stock ) price and they will sell.

For example chards have an 8g in stock right now for £434 so depending how quickly/appealing you want to make your one, I would list for £410-£420....only an example and entirely you're perogative.

I like to buy the pre-dip dip

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Just now, James32 said:

Not really sure on price tbh but always go cheaper than the cheapest UK dealer ( in stock ) price and they will sell.

For example chards have an 8g in stock right now for £434 so depending how quickly/appealing you want to make your one, I would list for £410-£420....only an example and entirely you're perogative.

Selling to a dealer has its perks...no hassle valuation ( likely spot) but you will always achieve more on here.

I like to buy the pre-dip dip

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8 minutes ago, James32 said:

Not really sure on price tbh but always go cheaper than the cheapest UK dealer ( in stock ) price and they will sell.

For example chards have an 8g in stock right now for £434 so depending how quickly/appealing you want to make your one, I would list for £410-£420....only an example and entirely you're perogative.

That is a very straight forward way of valuing coins, thanks. 

Would a 4 or 5 year run attract any premium if sold a a set?

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14 minutes ago, James32 said:

Selling to a dealer has its perks...no hassle valuation ( likely spot) but you will always achieve more on here.

yep, sell on here, so take a 1g for instance, i'd go for the £75.00 mark, 3 grams will sell for the same as 1/10ths on here, around £165.00-£175.00 and like James said, think of the 8 gram as being like a pur gold sov and look for £over £400

Dealers will buy off you at a lower price as they then have to sell them on and make their bit too... 

It does not matter how slowly you go so long as you do not stop.

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5 minutes ago, LittleMan said:

That is a very straight forward way of valuing coins, thanks. 

Would a 4 or 5 year run attract any premium if sold a a set?

keep looking at the sales on here and if you go the ebay route to sell, bump the price up

It does not matter how slowly you go so long as you do not stop.

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34 minutes ago, LittleMan said:

https://www.burlingtons.ltd/what-we-buy/coins/sell-gold-panda-coins/

I have asked for some prices, so it will be interesting to see what they offer compared to the going rates here and my own guesses from eBay research.

So if anyone knows what the rough going rates here are?, that would be that would be great.

Thanks again.

be interesting to see what they offer you

It does not matter how slowly you go so long as you do not stop.

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Just now, LittleMan said:

That is a very straight forward way of valuing coins, thanks. 

Would a 4 or 5 year run attract any premium if sold a a set?

Possibly but you then have narrowed your prospective buying audience from ( many ) to ( very little) 

Most can afford a 1 gram coin..a large number can afford a 3g coin...on a 8g your audience is dwindling and on a 15g or 30g we are talking a couple of dozen people at best ( not just affordability, but are they even in need/want of a panda?)

Now put all the coins/prices together in a set and your audience is half a dozen who want/can afford that lump in one go.

Honestly selling singles will be most straightforward although more trips to the post office.

 

I like to buy the pre-dip dip

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I don't collect pandas but I do follow the chats!

Don't take them out of their original packaging, I can't remember why but it's important to keep them as they were issued.

We have a couple of panda experts here who may wish to add something.

@Agpanda

@DavePanda

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live, and It's  Britannia, with one t and two n's.

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Thanks again guys.

Don't threat, I would not remove them from the packaging.

 

1 hour ago, Gordy said:

be interesting to see what they offer you

"Our private buying service is the best way to sell gold panda coins at the best possible price" 🤔

I will let you guys know what they come back with....

Its nice to know what they can sell for here should I decide to part with some. I thought the dealer rates were low, and tbh dont like selling expensive things on eBay as I have been stung on a few high value item sales in the past (not pm related).

 

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Pandas are not really that popular here on the forum for some strange reason. 

A mini date run may attract someone who will be willing to pick it up in one go but it's highly unlikely in my opinion. Your best bet is to sell them individually. 

With regards to prices on here at the forum I would say 1g about 70ish, 3g £165ish and 8g £400 ish. 

I too would keep them in the OMP. 

 

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I like panda's thanks for the shout @Mtaybar if anyone needs grading I can do it for them.  There are plenty of reasons for and against grading I'm sure this has been covered in numerous threads before.  

It is difficult for bullion coins to get the very high numbers due to the they way they are manufactured, stored and handled, handled especially if they have been bought on the secondary market.   I am currently grading a bullion 2oz Queens Beast for @Gruff as part of an auction deal I did with him.  I'm sure @Gruff will show this on Today I received once he gets it back, I am hoping this will well as there not many in the population reports.

If you have grading questions I'm happy to offer my help.

 

 

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38 minutes ago, GoldDiggerDave said:

I like panda's thanks for the shout @Mtaybar if anyone needs grading I can do it for them.  There are plenty of reasons for and against grading I'm sure this has been covered in numerous threads before.  

It is difficult for bullion coins to get the very high numbers due to the they way they are manufactured, stored and handled, handled especially if they have been bought on the secondary market.   I am currently grading a bullion 2oz Queens Beast for @Gruff as part of an auction deal I did with him.  I'm sure @Gruff will show this on Today I received once he gets it back, I am hoping this will well as there not many in the population reports.

If you have grading questions I'm happy to offer my help.

 

 

Of course, I'll be like a puffed up peacock showing it off on here for the laughs and comments alone it'll be gold! :D 

The closer the collapse of an Empire, the crazier it's laws - Marcus Tullius Cicero

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. - Egon von Greyerz

https://www.thesilverforum.com/topic/83864-uk-bank-regulations/

 

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Agree with the sentiment on here..

Newer huge mintage Pandas are not worth grading IMHO, most should be ms69, with a large %age getting ms70, very little benefit, however if you are going to keep them ungraded, keep them in OMP. Chinese collectors generally will appreciate that, once again with these large mintage coins it wont make a huge difference in price when selling, however it may make it easier to sell.

 

Cheers

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On 26/05/2022 at 23:25, LittleMan said:

I have some gold pandas, the largest being 8g. Most are 1g and I have a couple of 3gs. All are in original sealed packaging.

They range in date from 2016 - 2020

I was thinking of possible selling them in the future, but wondered if I should get them graded first?

Any advice on how much grading costs and where I can get it done in the UK would also be appreciated.

Thanks

 

If you have to ask the question, then the answer is "probably not"!.

😎

Edited by LawrenceChard

Chards

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