1993 China Panda Gold Proof Set - Need help

[momoftwingles2]

Hi Everyone,

I'm still not ready to take my store off of vacation status as I am still working through many issues with my Dad's estate.

One of these issues is...how do I find the value of a 1993 China Panda Gold Proof Set made by the Washington Mint?

Do any of our Power Sellers in here deal in coins? If not...can you suggest where I may turn for assistance?

Any help would be most appreciated!

Thanks!
Susan
momoftwingles2

[surplusdealdude]

That sounds more like a Franklin Mint-style collectible than an actual coin.

The Washington Mint IS a collectible producer, according to the mail fraud decision here;

http://www.usps.com/judicial/1989deci/30-42.htm

so I would think that this is a very low-cost item. -------------------------------------------------------------------

It is our similarities that make us all human - it is our differences that make us all interesting

[momoftwingles2]

Thanks for your message!

Actually, this is not a very low-cost item. Back in 1993 it was valued at $985.00 US. It's a set...not just one coin and was produced by the Washington Mint and not the Franklin Mint.

My Dad was very much into coins and has, should save HAD, a very large collection from both the US Mint and the Washington Mint...for legal trade and for collectibles. The reason I say HAD is that two of my brothers took the entire collection and I am trying to value them using the receipts that Dad had in his folder.

Some items of course I have no receipts for as Dad had an almost complete collection of US silver dollars dating back long ago.

Thank you for sending the link which I did take the time to read. It seems that in that court case that the courts did not find against The Washington Mint. Interesting reading!

Again, thanks!
Susan

[surplusdealdude]

Well, I just skimmed the beginning of that, but what I got was that the Washington Mint has a nasty habit of calling things money when they have no authority to print or mint money.

If these were stamps, they'd be called "semi-postal" stamps.

Generally, they are vastly overpriced when sold and not worth a lot on the resale market.

Yours may be the exception, but I doubt it. -------------------------------------------------------------------

It is our similarities that make us all human - it is our differences that make us all interesting

[momoftwingles2]

No doubt the Washington Mint, like the Franklin Mint and other places do more than their fair share of advertising! However, these coins ARE real coins. I was able to chat on the phone today with a rep from the Panda American website.

This is a link to what my Dad has. He paid $995.00 for a complete Proof Set back in 1993. The Panda American website has the proof coins sold individually.

Here’s the url to take you to the Panda American website:

http://www.pandaamerica.com/sresult.asp?keyword=China%201993%20Panda&sortby=dateasc

The set Dad had would have been made up on 5 coins: 1 oz, 1/10 oz, ½ oz, 1/20 oz and ¼ oz.

I'm slightly more than shocked at their current value. I'm also seeing sets from different years listed here on eBay...they are out of this world as well.

Susan

[surplusdealdude]

Well, if these are solid gold pieces, they're worth the bullion price at the very least.

I have made money on Franklin Mint items as well - I had the Olympic Silver proof series - sold that the last tome gold went to $800.

Managed to get a bit of a profit out of it at least. -------------------------------------------------------------------

It is our similarities that make us all human - it is our differences that make us all interesting

[recyclemikey]

I find that when in doubt.. $0.99 to start works for me.
Let the market dictate the value.

add a $1500 BIN to see if that pushes up the bidding.

[momoftwingles2]

Actually, I'm not wanting to sell the coins. I was hoping for a reliable source to chat with regarding these coins and many others as well as Presidential medals.

I thought we might have an expert amongst us!

I'll keep looking and making phone calls!

Thanks!