Recently, the zodiac commemorative coin market is very hot. The 120 million commemorative coins of the year of the tiger issued on January 7 are almost empty. Many friends who didn’t buy it were unwilling to ask for another wave of commemorative coins for the year of the tiger on the social platform
Image Source: Sina Weibo
In terms of price, the face value of the commemorative coin of the year of the tiger is 10 yuan. In less than a month, the purchase price on the market has risen to 14.5 yuan to 19 yuan. From the actual exchange point of view, the exchange of zodiac commemorative coins around the country is coming to an end. For example, the business management department of the people’s Bank of China said that as of January 20, 2022, the exchange rate of new year’s coins in Beijing was 94.70%.
Zodiac coin reservation in the year of the tiger is popular
Xiao Shi, a Beijing citizen who is keen on buying commemorative coins, told reporters that he and his family made an appointment for commemorative coins at Industrial And Commercial Bank Of China Limited(601398) , and “waited” at the beginning of the countdown. As a result, he didn’t grab it, and his family grabbed 20. “It’s really slow. I knew to choose a later exchange date and didn’t choose the exchange outlet. I’ll grab it first.” He sighed.
In fact, the Lunar New Year coins launched at the end of each year are the “highlight” of the issue of commemorative coins, which has been widely popular among Tibetan friends. So, why are Chinese Zodiac coins in the year of the tiger so popular?
Industry insiders believe that one of the reasons for the popularity of the zodiac coins in the year of the tiger is the small circulation. The central bank has issued the first round of Chinese Zodiac new year coins since January 2003. At present, it has been issued to the second round. In the second round of Chinese Zodiac coins, although the circulation of Chinese Zodiac coins in the year of the tiger is up to 120 million, it is still less than that in previous years, only more than 80 million Chinese Zodiac coins in 2015.
From the commemorative coins that have been sold before, the current price of the second round of commemorative coins is also similar to the increase of the commemorative coins of the year of the tiger issued this year. A shopping website shows that the current price of the second round of rat year commemorative coins is 19.8 yuan / piece; The current price of the second round of commemorative coins for the year of the pig is 17.5 yuan / piece; The current price of the second round of commemorative coins for the year of the ox is 16.8 yuan / piece.
subsequent commemorative coins are favored
Didn’t grab the year of the tiger Zodiac coin? Don’t worry. According to the issuance plan of ordinary commemorative coins of the people’s Bank of China, three kinds of ordinary commemorative coins will be issued this year.
The issuance plan indicates that in 2022, in addition to the announced issuance of 2022 new year commemorative coins, one world cultural and Natural Heritage Huangshan ordinary commemorative coin, one world cultural and natural heritage Emeishan Leshan Giant Buddha ordinary commemorative coin and one China National Park (source of three rivers) ordinary commemorative coin will be issued
source: People’s Bank of China
For Huangshan coin, the market is still relatively optimistic. For example, Taishan, also a famous mountain in China, has been “favored” by the market. Before exchange, the purchase price of Taishan coins in the market has exceeded 14 yuan / piece, while its issue price is only 5 yuan / piece. After exchange, the purchase price once rose by more than 400%, which is a prominent variety of ordinary commemorative coins in recent years.
In addition, the ordinary commemorative coins and commemorative banknotes of the 24th Winter Olympic Games will be exchanged again. Before February 10, 2022, the branches of the people’s Bank of China will announce the reserved number of local Winter Olympic coins and Winter Olympic banknotes to the public. The undertaking bank will publish on its official website the start time of local reservation, the outlets handling reservation exchange, the currency and quantity of each outlet.
Market participants concluded that the value of commemorative coins such as outstanding appearance and quality, small circulation and series “leading” is often higher. However, investing in commemorative coins does not mean a firm win, and there is still the possibility of falling below the face value. For long-term collection, buying money needs to be rational.
