The scene of the Year of the Dragon commemorative coin banknote reservation in full swing has exploded the circle of friends, Weibo and major news platforms overnight. As we all know, the Year of the Dragon commemorative banknotes have always attracted the attention of collectors and investors, and the 2024 Chinese New Year commemorative coins and commemorative banknotes are even more desirable due to their unique design and limited issuance. However, the popularity of this appointment after opening undoubtedly exceeded everyone's expectations.
At 10 p.m. on January 3, the pre-orders for the 2024 Lunar New Year Commemorative Coins and 2024 Lunar New Year Commemorative Bills will officially open. Soon, however, the major banking systems had a problem with unresponsive servers. This situation immediately attracted strong attention from netizens, and they posted screenshots of not being able to enter the system. Some netizens even said, "If you can't grab it, you can't grab it at all, you can't grab it in seconds!", describing the intensity of this appointment. The reporter who got up early in the morning found that not only the appointment page of commemorative coins and commemorative banknotes showed that the quota was 0, but even the entire appointment page of commemorative coins and commemorative banknotes was no longer accessible. This situation undoubtedly adds a layer of mystery to this appointment.
On second-hand trading platforms, the price of Year of the Dragon coins and banknotes has also increased significantly. A set of 20 or 20 commemorative coins and commemorative banknotes for the Year of the Dragon has been speculated to nearly 1,000 yuan, and many sellers have even clearly stated "take out and mail" in the transaction information, which shows that its popularity can be imagined.
The 2024 Chinese New Year coin issued this time has a denomination of 10 yuan, is made of two-color copper alloy, and the total number of issued coins has reached 120 million. The reverse of the coin features a dragon depicting traditional Chinese paper-cutting with elements of decorative New Year paintings, while the background is adorned with lanterns and lingzhi. The 2024 Chinese New Year banknote has a denomination of 20 yuan, is made of plastic, and has a circulation of 100 million pieces. The front of the banknote shows the dragon pattern, and the back is designed with a children's dragon dance lantern pattern, supplemented by the decorative pattern of the courtyard houses in Beijing.
According to the unified arrangement of the People's Bank of China, the allocation of 2024 Chinese New Year coins in Beijing is 7.18 million, and the number of 2024 Chinese New Year banknotes is 6.02 million. The exchange is undertaken by the Industrial and Commercial Bank of China and the China Construction Bank. The pre-order period for Chinese New Year coins is from 22:00 on 3 January to 24:00 on 4 January, and the reservation period for Chinese New Year banknotes is from 22:30 on 3 January to 24:00 on 4 January. The verification period is from January 7 to 8, while the centralized exchange period is from January 9 to January 15.
There is a limit for each person during the reservation and exchange period, which is 20 coins and 20 banknotes. After the end of the reserved exchange period, the unredeemed Chinese New Year coins and Chinese New Year banknotes will be exchanged in the remaining amount, and specific information on the method and time of the exchange of the remaining amount and the host bank will be announced separately.
It is well known that the price of a commemorative banknote is closely related to its circulation. According to industry insiders, the 100 yuan denomination of the "Millennium Dragon Banknote" issued in 2000 was 10 million pieces, once as high as 3,000 yuan per piece, and even now the price is still maintained at about 1,600 yuan per piece. In 2008, the 10 yuan denomination of the "Olympic banknote" issued was even less, only 6 million, reaching more than 6,000 yuan per piece at the peak, and now the price is stable at about 2,200 yuan per piece. In contrast, the three commemorative banknotes issued after 2015 have a circulation of more than 100 million, and their premiums are small.
The popularity of pre-orders for commemorative coins for the Year of the Dragon once again proves their popularity and value in the market. As objects with collectible and investment value, they not only show the treasures of Chinese culture, but also have the charm of artworks. However, in the face of such a hot reservation, the competition is also extremely fierce, and those who want to successfully reserve the Year of the Dragon commemorative banknotes need to prepare in advance and remain patient in order to successfully exchange their beloved "Year of the Dragon Lunar New Year".