Our previous market update of the 26th August highlighted the online auction of a 1999 1 oz silver BU Panda coin, graded by the NGC as MS69. The auction has now come to a close, and as the hammer fell the final bid stood at a tidy 4650 yuan.
At the time of writing of the previous article the highest bid was 1520 yuan. Within the last 48 hours of the auction, as expected, several pairs of competitive bidders got involved, propping up the final price well. The cunning winning bidder made their opening bid just five seconds before the auction end time!
Getting your hands dirty in the auction house is no doubt a fun and exhilarating experience, but can lead to disappointment if you miss out at the last minute or end up paying over the odds for a lot. If you are interested in collecting 1 oz silver Panda coins, similar 1999 1 oz silver Panda coins of various grades and types are available in the coin store from $288 (approximately 1770 yuan). These are a genuine bargain – especially when viewed in the context of this latest online auction. To avoid disappointment and secure a great deal, see the coin store.