Hess Fine Art

Fine Art, Auction, Watch and Antique Experts Since 1984.
1131 4th Street North
St. Petersburg, FL 33701 (map)
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What's It Worth? Is Bullion Ever Collectible?

What's It Worth? Is Bullion Ever Collectible?

Everyone likes to have silver or gold in their portfolio, but 99 percent of bullion coins are just that — bullion only — and worth only the gold value. At any given time, it can be worth from 5 percent under to 6 percent over gold value. These bullion gold coins are minted and sold by most countries. South Africa has krugerrands, China has pandas and Austria, Mexico, Canada and other countries mint 1 oz. coins from their reserves and sell to investors who believe gold pricing is going up.

Now that gold value has been declining since 2008, many are disposing of these underperforming assets and using the money for stock market investing or to fund vacations.

Today we will discuss some of the sleeper dates on these coins. In this industry, ‘sleeper’ is defined as value that most people don’t think is value. For instance, most 1 oz. panda coins are worth their gold value, which at the time of this writing is around $1,280. However, there are certain key dates that bring considerably more than the gold value — which is a little secret most dealers don’t share. The Chinese panda began in 1982 and in the late 1990s, theseth coins were plentiful. In times of crisis and high gold value, many were melted — as a result, low-mintage years like 1997 and 199899 experienced a bump in value. These twot years, along with the date of origin (1982) often bring significantly more than just bullion value. A 19982 1 oz. panda typically sells for double the gold value — and extremely high grades can bring even more. Even a half oz. from 1982 will often bring $1,000 to $1,500. A 1997, 1 oz. panda in good condition will go for $100 to $500 over gold value. A 1998 1 oz. panda, depending on variety, can go to $200 over gold value or as much as double the gold value. Please note that damaged or worn coins, even if a good date, are only worth their gold value.

We are experienced in bullion of every kind and urge you to visit us if you have questions or want to buy or sell. If you are interested in buying or selling gold bullion, please give us a call.
You have seen us in Forbes Magazine, The Wall Street Journal and The New York Times. All rights reserved.

Stop in or call 727.896.0622 for an appointment. 

Comments, questions or suggestions for this column, please send to jeffreyphess@aol.com. ALL RIGHTS RESERVED.

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Hess Fine Art - Fine Art, Auction, Watch and Antique Experts Since 1984

Whats It Worth - Is Bullion Ever Collectible.PDF

Whats It Worth -  Is Bullion Ever Collectible.PDF

Publication Name: 
Publish Date: 
January, 2019