MS-70 2010 Silver Pandas – Too much of a good thing?

[Pandacollector]

Has anyone else noticed how many MS-70 2010 silver Pandas are being offered for sale these days and wondered, “Are these a good buy?” The first 2010 MS-70s appeared for sale in March and brought around $125–$150 per coin. Since then there has been a steady stream for sale (particularly PCGS graded coins) and their auction price has declined to $70-$80. That seems pretty cheap for a MS-70, but is it? A glance at the latest PCGS population report shows it may not be—there are 12,904 MS-70 2010s graded already! That is 60 times as many as in 2009 and more than 500 times as many MS-70s as in 2007.

 

 

With such a large pool of coins to draw on it could easily be years before the market absorbs them all. I wouldn’t be surprised if, before all is said and done, the price of a 2010 MS-70 silver Panda comes down quite a bit from where it is today. So, if you want a perfect MS-70 2010 Panda right now, go ahead. The price isn’t high in Dollars and they are beautiful coins. Anyone who wants a coin that is likely to appreciate in value might consider choosing from among the many reasonably priced older Pandas.

 

Best wishes,

Peter Anthony

www.pandacollector.com

[physics-fan3.14]

I don't know anything about Panda's, but that is a really good website about them. Congrats on all the hard work you have put into it.

[Pandacollector]

Thanks!

 

Best wishes,

Peter Anthony

http://www.pandacollector.com

[World Colonial]

To answer your question, I would say no, absolutely not. they are not a good buy. Almost 13,000 in MS-70? That is a lot for most coins that did not circulate and it's not even a "conditional" rarity since there are so many of them.