The results of the lottery for the Chinese banknotes millennium gold and silver commemorative coins have been decided, and the high-profile 30-gram rectangular silver coin has undoubtedly become the hottest focus in this draw. According to statistics, the number of participants in the final draw was as high as 38,234, which is basically in line with yesterday's estimate, indicating the strong interest of collectors in this variety. At the same time, the number of participants in the millennium gold and silver set of banknotes was slightly deserted, with only 3,885 people, failing to break the 4,000 mark. This phenomenon may not come as a surprise, but some collectors are cautious about the market prospects of the millennium gold and silver set, fearing that it will break down.
The large set of gold and silver commemorative coins of the millennium banknotes is even less popular, and the number of participants is only 121. Of the 121 participants, only 56 managed to get the Millennium Set of banknotes, which undoubtedly reflects the lack of enthusiasm in the overall market.
Judging from the number of draws and the winning rate, the number of Chinese banknotes millennium gold and silver commemorative coins 30 grams of rectangular silver coins can be drawn is 2490, despite the large number of participants, but the winning rate still reached 6.51%, which is relatively high in the gold and silver commemorative coin lottery. In comparison, the number of draws for the millennium gold and silver set of banknotes was 2,450 sets, the number of participants was 3,885, and the winning rate was as high as 63.06%, which is also staggering. Thankfully, there was no 100% embarrassment in this draw, which made the whole lottery process more fair and just.
Although the winning rate seems to be high, it is not easy to win the lottery. Taking my 1/3 winning rate in the Beijing Center as an example, I also failed to win the Chinese banknote Millennium 30-gram rectangular silver coin. This also shows to a certain extent that despite the high winning rate, it still takes a certain amount of luck and strength to successfully win the lottery.
For collectors who are interested in participating, the bank channel is also conducting lottery activities one after another, which undoubtedly provides them with more opportunities to participate. However, collectors still need to be cautious in the face of current market conditions. The 30-gram rectangular silver coin is a good performance in the millennium gold and silver commemorative coins, and its overall market can still be maintained at about 650~750. However, the market price of the millennium gold and silver set of banknotes is not ideal, and basically remains fluctuating around the issue price. As for the large set of gold and silver commemorative coins of paper money, its market performance is even more lackluster.
I thought that the circulation of 150-gram rectangular gold coins for 150 millennium banknotes would only drive the overall market situation, but this was not the case. Judging from the lottery of the millennium set of banknotes, the number of participants is not large, which also reflects the lack of overall popularity. Therefore, we may need to maintain a more cautious attitude towards the direction of the market in the later period.
In general, the results of the lottery for the millennium gold and silver commemorative coins of Chinese banknotes have been settled, and the reaction and popularity of the market also reflect the current situation of the collection market to a certain extent. For collectors, rational participation and cautious collection may be the wisest choice.