1987 Silver Proof Panda

The 1987 Silver Proof Panda coin the the first 1 troy ounce Silver Panda coin being produced.

Diameter - 40 mm

Planned Mintage - 31,000

Actual Mintage - 30,720

Mint - Shen Yang Mint

Transacted Prices:

Coin in capsule - S$274.29 (US$188.13) (6)

Double-sealed coin - S$231.77 (US$159)

NGC PF66 UCAM - S$188.87 (US$110.58)

NGC PF67 UCAM - S$249.65 (US$168.66)

NGC PF69 UCAM - S$491.77 (US$317.50) (2)

PCGS PR68 DCAM - S$304.76 (US$202.50)

It is not surprising that the double-seal costs less than the coin in capsule as there was only 1 transaction. From March to September, there were 6 coins in capsule transacted with prices ranging from S$248 to S$345 (nearly 40% increase). The graded coin prices may not be a good judgement for current prices as those were transacted from January to June. No transactions were made after June. However, it can be a good indication for good buy if you manage to find one selling at these prices.

The 1987 Silver Proof Panda was also issued as a set of 1 and 5 oz box set with COA.

Average Transacted Prices:

Set without COA - S$489.10 (US$354.21) (3 sets)

Set with COA - S$565.91 (US$397.89) (23 sets)

Price range (Jan- Nov 2010): S$440 - 857

Based on current prices, S$550 and below indicates a good buy.