With the international commodities price for gold seeming to be on a recovery since the low seen on the 6th November 2014 – a time when prices fell as low at 1142 USD/oz – sales of gold bullion coins have been on the rise, with buyers who had been sitting on their hands for a while now getting back into the market. The gold price now stands at an encouraging 1258 USD/oz.
Reports from the coin markets in China attribute flourishing sales of the 2015 Panda series to the strengthening gold market, and online auction houses have seen equally heated activity around bullion coins. It seems this activity may also have been spurred on by the pre-Spring Festival buying season – a phenomenon which occurs each year in China in the run-up to this national holiday.
Zhao Online has recently presided over the sale of a set of ten 2013 1/20 oz gold Panda BU coins, all graded NGC MS70. The auction ended late on the 15th January 2015, and following heated competition between three bidders during the last hour of the sale, it was the Shanghai-based buyer who finally placed the winning bid of 6,800 yuan ($1,096).
Our coin store is pleased to make an equally competitively priced offer. We currently have a small handful of 2013 1/20 oz gold Panda BU coins in stock. Take advantage of our special bulk-buy offer: ten coins for just $999. That’s $100 less than the recent Zhao Online sale, and even better with shipping included!