The 2024 Chinese New Year of the Dragon commemorative coins and commemorative banknotes have shown a general downward trend since the second exchange. Recently, some keen collectors have even predicted that the price of the Year of the Dragon banknotes may fall further to around 40. However, judging by the current market performance, it seems that it will take quite some time to reach this price level.
At present, the overall market of the Year of the Dragon commemorative banknote varieties is stable at about 52, while the standard 10 is roughly maintained between 55~60. Compared with the market situation before the second exchange, the overall market adjustment is particularly obvious. There are actually many reasons behind this trend.
Recently, the sales of ordinary commemorative coins and commemorative banknotes for the Year of the Dragon in 2024 on major live broadcast platforms are not optimistic. Products with premium premiums are often difficult to achieve good sales results, but those commemorative banknotes of the Year of the Dragon exchanged at equal denominations have received some attention on live broadcast platforms. I noticed that many collectors on the live broadcast platform, after a long time of waiting and fierce spikes, successfully exchanged the face value of the Dragon commemorative banknotes for their favorites.
However, the situation in the live broadcast room is only a microcosm of the market. In various coin collecting groups and professional forums, the market for commemorative banknotes for the Year of the Dragon is also gradually declining. Due to the lack of new capital inflows, the decline in the market is also reasonable when the Year of the Dragon commemorative banknotes circulate in the circle. However, it is worth noting that the circulation of commemorative banknotes for the Year of the Dragon is as high as 100 million, and the current market has risen, and there are not a few quilts. Against this backdrop, who would want to collect on a large scale?
At the same time, the performance of ordinary commemorative coins in the Year of the Dragon in the collector's market is also relatively flat, and the overall market popularity is gradually decreasing. This is mainly due to the fact that it is currently in the off-season of ordinary commemorative coins and commemorative banknotes, and the demand for gift plates has not increased significantly, but may have declined, resulting in an unusually cold market situation as a whole.
The market of ordinary commemorative coins in the Year of the Dragon has basically remained around 12.5~13 recently, but the demand is not large. Nevertheless, considering that the Year of the Tiger and Year of the Rabbit commemorative coins have not performed well in the market after the second exchange, the Year of the Dragon ordinary commemorative coins have been able to maintain the current market price quite well. However, the market is always changing, and we need to keep an eye on what the future holds.