Our last coin market update of the 10th September highlighted a flurry of excitement around the 2014 1 oz silver bullion Panda coin. Now that the final batches of licensed sets have been issued, the weekend has seen a further surge of activity regarding this coin. Since last week, prices have rocketed from the 166-167 yuan range up to just below 200 yuan. Initial prices are at 198 yuan, and there is hope that the 200 yuan barrier will be broken through, but for now most deals are being agreed in the region of 192-195 yuan.
Unfortunately for the rest of the series, especially the gold coins, values seem to be succumbing to the negative influence of the international gold price, currently at 1233 USD/oz, and which continues to fall under the pressure of a strong dollar. Surprisingly, this environment has been unable to suppress the 1 oz silver Panda, which seems to be effectively sidestepping this.
As highlighted previously, the 2014 1 oz silver Panda is still available in the coin store. This continued enthusiasm in the Chinese coin markets for the 2014 1 oz silver Pandas should be enough to convince even the most reluctant investors of the value of these coins. There may well be a significant potential for a quick profit here. The good news is that the coin store is highly competitive, and in this case is selling below the market price seen in China – and that’s with shipping included!