By SRSrocco:

In less than two years, the Chinese Mint has increased the production of its 1 oz Chinese Silver Panda 1233%, from 600,000 per year to 8 million in 2012.

Even though this is certainly a massive increase in just two short years…. this may only be the beginning of something really big that is being planned by the Chinese Mint.

According to Louis Golino’s article China Strives to Make Silver Pandas as Popular as American Silver Eagles“, we have just begun to see just how many Silver Pandas the Chinese plan on minting.

If we take a look at the chart below, we can see that the Chinese Silver Panda production figures have increased substantially since 2010:

 

According to Jim Orcholski who runs J & T Coins LLC Blog.com, quoted from the article above:

The main reason the mintage of these coins was increased so much starting last year is that it became legal in 2011 for Chinese citizens to own silver coins. This means that a lot of 2011 and 2012-dated coins remain in China.

Jim went on further to say:

Despite the major increase in mintage the coins are not getting any easier to locate in the U.S. Mr. Orcholski said supplies are tight and that he was only able to secure one-third of the quantity he requested. He added that his distributor was unable to say when more coins might be available.

———————–

I had an email exchange with Jim over the past few days and I asked him what he thought might be the 2013 mintage forecast for the Chinese Silver Panda. He stated they he and a few other coin dealers thought it would be at least 10 million.

If the Chinese want to make their Silver Panda as popular as the American Silver Eagle, I would imagine they would want to increase its production to over 40 million eventually… and this may be just for starters.

We must remember the Chinese Population is three times that of the United States. Once silver becomes popular in China, demand for the 1 oz coin could reach an easy 75-100 million in a single year. Of course, I doubt this would occur in the next few years, but I could possibly see these sort of figures within the next 4-5 years.

This chart is part of my upcoming SILVER ARTICLE. It is only one aspect of many showing the HUGE INCREASE of SILVER INVESTMENT DEMAND…. over the past several years, and onwards.

    • It depends on how high silver will be. In the next four or five years, if it is between 100$ to 200$, then there will be still a lot of people who would be able to afford it but if it 300$ to 500$ or higher, then it will be rare to see people buying some silver. At least I’m sure that silver will be a lot cheaper than gold.

  1. Crissy… this may be true, but I wouldn’t be surprised to see at least 50 million coming out of thet Chinese Mint by 2016-2018. 

    SilverAlert.. I just sent the Doc, the correct link.  It should be fixed soon.   Thanks for the input.

    According to the new GOLDCORE article on Zerohedge, it looks as if Chinese Silver demand will reach 7,700 metric tonnes.  This is a staggering 247 million oz.  Mine supply in 2011 was 762 million oz.  This was 32% of all global mine supply.  Of course we have recycled silver supply, but we can see that the Chinese mean business.

    Furthermore, I can just imagine what the total INDIAN DEMAND for silver will be in 2012. 

    • XC Skater… I bought some 2003 Silver Pandas back in 2005.  I think I paid $139 for lots of 10.  They are now going for $100+ a piece.  I really don’t care if they keep their value… I just love the quality of the coins.

  2. The most recent stat on Chinese silver absorbtion at 250 MOZ is double what people were talking about even 6 months ago.  250 MOZ is 25% of world annual production.  India is still on tract to take 125MOZ   Got silver?

  3. My burning Question: 

    WOULD YOU BUY PANDAs???

    I would suspect fakes, coming out of China, and I know these are govt. issued coin.  0.0 

    If proven trustworthy, I would buy. Nothing against China, as far as buying stack/smack! ;)

  4. Chinese coins have proven one of the hottest tickets in numismatics over the past decade. Prices got so out of control in 2011, I was quadrupling my money every month by simply buying raw Chinese coins, certifying them through PCGS, and selling them on eBay. Towards the end of that rally, most of the demand towards sky-high prices was driven by deep-pocketed American and German collectors, who were bidding up prices in anticipation of future demand from the Chinese mainland. This rally ultimately fizzled, and prices now for almost all varieties of Pandas are substantially less than they were just one year ago.

    Fakes Pandas are rampant, and I have seen them for sale as genuine at local coin shops before. Some of these counterfeits are very convincing, you have to know what to look for. I have thus far been able to avoid buying a single fake by purchasing my Chinese coins through a primary dealer who purchases directly from the Chinese Mint, and then certifying them through PCGS.

    • I wish I could obtain that opportunity. If I had it, I would of bought more silver, gold, copper pennies, nickel nickels, ammunition and weapons with the extra dollars received by selling Chinese coins. There are still other opportunities left today. :)

  5. undeRGRound, To answer your question – NO I WILL NOT BUY CHINESE COINS.

    Fvck the chinese!  Don’t give them your money.  Every cent that the West sends to china helps enable them to build up their military.  To counter this military buildup will take more US resources, since the PTB are intent on keeping the US #1.  And where do these US resources come from?  Look in a mirror.

    And then there are all the fakes coming out of china, as you and Superior Bullion have already alluded to.  

    • Great point MAMMOTH old Bud!
      I guess I would only buy these if that is all I could get and still needed to stack more.
      At that point it will likely be more needful to PREP 

    • If I were independently wealthy, I would get an order of Pandas
      and make them divisible rounds, if you know what I mean! 
      Bandsaw those cutesy bears into at least 4 pieces!  Or better 
      yet, I guess one could get them tested non-destructively, and
      make the results public. But I’m pretty wary of Chinese PMs.

      Buy AMERICAN!!! FTW!  

    • I looked at my mirror and it says “Made in China”, lol. Just kidding! I actually don’t know where mine is made. By buying cheap Chinese products, we are all going to pay very expensively the result when all the Western countries are going to collapse and the Eastern countries are going to rise.

  6. I see we got the HATE THE CHINESE going on in the blog here.  I would just like to remind you all that the U.S Treasury and Fed are printing $trillions in worthless Treasuries, Bonds and Federal Reserve Notes.  Of course the USA doesn’t do any COUNTERFITTING… its only the Chinese….RIGHT?

    I don’t think anyone was telling anyone in this blog to BUY CHINESE PANDAS.  The jest of the post was the HUGE INCREASE IN MINTAGE of the Silver Pandas.  You should be happy that the Chinese Mint wants their Panda to be as popular as the Silver Eagle.  

    Anyhow… thats my two cents.

       

    • SRSrocco What I was writing is not grounded in hate for the Chinese and I’ve done it in a tongue-in-the-cheek manner. It is grounded in the reality that a substantial portion of the gold and silver products that comes out of China are fakes. I see it as a clever strategy on their part, especially given all the fraud and corruption in the world. In fact, I own a couple of Silver Pandas, but this doesn’t mean that I will back up the truck to load silver out of China or advise others to do so.

      “the U.S Treasury and Fed are printing $trillions in worthless Treasuries, Bonds and Federal Reserve Notes.  Of course the USA doesn’t do any COUNTERFITTING… its only the Chinese….RIGHT?” – I think you’re over stretching here. It is common knowledge that the Chinese are the main counterfeiters when it comes to gold and silver products, bullion and otherwise. Furthermore, nobody has claimed that there is no counterfeiting going on in the States, why do you think we’re stacking silver? lol We were writing specifically in reference to the Chinese counterfeiting of gold and silver. We’re trying to escape the full-blown devastation of U.S. counterfeiting and corruption by stacking silver, does this now mean we’ve got to look the other way when it comes to Chinese counterfeiting of gold and silver? I don’t think so. If you’ve got any doubts what we’re in reference to here, be sure to read the article located here: http://goldinvestment.co.za/how-to-reduce-the-risk-of-buying-fake-gold.html

      “I don’t think anyone was telling anyone in this blog to BUY CHINESE PANDAS.  The jest of the post was the HUGE INCREASE IN MINTAGE of the Silver Pandas.  You should be happy that the Chinese Mint wants their Panda to be as popular as the Silver Eagle” – We’re happy about the huge increase in Silver Panda sales, but this doesn’t mean we’ve got no right to drag Chinese counterfeits into the equation. In fact, google “fake silver pandas” and you will know why we’ve brought it up. Yes, “the Chinese Mint wants their Panda to be as popular as the Silver Eagle”, so what? How does it change the fact that hundreds of fake Silver Pandas are flooding the market out of China? Yes, the Chinese are even faking Silver Eagles, this is why it is best to avoid buying gold and silver from the Chinese altogether. It is not a full-proof strategy, but it reduces the risk of buying fakes immensely. 

      Just my two cents.

      P.S. Great article by the way.

    • Because of Chinese propensity to tolerate tungsten fake coinage, I would never acquire any with a cent of ‘numismatic value added’. In fact, I’d want to immediately melt it down with a pocket torch. Worse still, of course, is accumulation of ANYONE’S Plantation Scrip. When I ask myself if I’d go dig up any of my silver to exchange for Chinese ‘gold’ in the ‘aftermath’, the conclusion is a resounding … NO! More than that, when everything settles out, I’m increasingly inclined to melt down ALL government ‘guaranteed’ coinage to remove the taxable ‘benefit’ inherent in their damnable indicia. As is ALWAYS the case, the cost of those ‘benefits’ far exceeds their true value.

    • @ Patfields I would like to compliment you on your command of the English language. It is authoritative to say the least. This is coming from a descendant of Z.A.R. Bur General, Manie Maritz. lol

    • As far as hating on China, I don’t. In fact, I can see their side of the “currency war” and HOW IRRESPONSIBLE IT IS for the issuer of the World Reserve Currency (USA) to devalue said reserves! Not saying the Chinese are faultless, but that I do see their point. It’s a sad day when one realizes that they cannot blindly have faith in their home country. Sad but needful. The founders never intended it to be that way,  TRUST BUT VERIFY! That is the only way that works.  

    • According to the US Constitution, the creation of US dollars today is the biggest counterfeiting move in the world because the US dollar is the reserve currency and it is related to all other currencies so it touches everyone’s life at least one way.

  7. If that happens, the cartel is going to get hit so badly and they will because it’ll be harder for them to manipulate silver’s price. The Chinese citizens weren’t allowed to own silver coins before? I didn’t know that and I wonder why weren’t they allowed to do so. It’s good that there are a lot of mintage of silver Pandas so that this way, the premiums of them are going to drop. I always wanted to own some of these silver coins because they have nice designs.

    • They prolly had some silver, but not having a govt. approved and minted form was slowing them down. Hold over from the overtly communist days, I suppose? Over there, the govt. might try a “Roosevelt” when they need the Yuan or Renminbi back in the treasury.

    • @undeRGRound Maybe that’s why the Chinese government is encouraging its citizens to buy gold and silver. When all fiat currencies are going to collapse, the Chinese government will say that he warned everyone about it so he’s a good governor. To thank him, all Chinese citizens must exchange their gold and silver for a new currency that is backed by precious metals.

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