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Source: First Golden Net
The scheduled exchange of commemorative coins for the Year of the Rooster has ended. According to the issuance data released by the Central Bank, there are 99.38 million commemorative coins that have not been exchanged nationwide. A total of 500 million commemorative coins of the Year of the Rooster were issued in 2018, but nearly 100 million of them were not exchanged. Is there any value in collecting commemorative coins of the Year of the Rooster when it is cold?
Senior collectors said that the commemorative coins of the Year of the Rooster issued this year are very cold in the collection market. At present, the value is close to the face value. "There is no power and opportunity to rise in the short term, nor in recent years."
Some coin dealers and coin collectors in Yiwu also believe that with the support of a large number of issues, the appreciation space of the coin is difficult to fluctuate significantly.
"If citizens want to collect, they can buy a small amount; if they want to invest, they'd better not put their hopes on this variety." According to the analysis of coin collector Zou Guohua, in the second round of ordinary commemorative coins for the Lunar New Year, the "second round of sheep" issued the year before last has the effect of "leading variety", so even if the circulation reaches 80 million, it can be well digested by the market, Make its market price stable between 80-100 yuan. When the "second round monkey" was issued last year, its number rose to 500 million, which greatly affected its investment value. The current price of a single monkey is basically between 13 and 16 yuan.
The price of the "second round chicken" (that is, the ordinary commemorative coin of the Chinese zodiac in 2018), which also has a circulation of 500 million pieces, will not be much higher.
Tong Xiao, the head of the collection department of Yiwu Qianxie, said that recently the price of the "second round chicken" was about 12 yuan, which was basically the same price for consumers whether they bought a single piece or a whole roll (40 pieces in a roll). If the money dealer does not have a first-hand source of goods, there is no profit to sell at this price.
In online coin shops, the price of "second round chicken" has also fallen further. Randomly browsing several coin stores, we can find that the price of the coin has dropped from RMB 189 to RMB 10.8-13. In order to promote sales, a small number of sellers also put up advertisements similar to "purchase more than one piece and exchange the first one at the original face value".
Experts in the industry believe that ordinary collectors lack a keen grasp of the market price, so it is meaningless to collect hundreds or thousands of commemorative coins. Unless rare varieties like the first round of Chinese zodiac coins are encountered, they should be collected in a moderate amount with a calm mind. It is worth noting that experts who hold a cautious view believe that in the future, the issue of commemorative coins may become normal. At that time, the enthusiasm for collecting commemorative coins may continue to weaken. The commemorative coins issued by Tianliang will even be used as mobile currency, and the collection value will be greatly reduced.
Editor in charge: He Kailing
