The market for ordinary commemorative coins and commemorative banknotes for the Year of the Dragon in 2024 has been like a turbulent sea recently, making many coin collectors overwhelmed. The market performance of ordinary commemorative coins for the Year of the Dragon is particularly stable compared to the violent fluctuations of commemorative banknotes, like a calm captain, maintaining its course in the waves.
The reason why the market trend of this ordinary commemorative coin is stable is that its price has not soared like a commemorative banknote, but has been like a trickle of water, gently maintaining a level of about 13 yuan. This steady trend not only reflects its intrinsic value as a collectible, but also reflects the market's recognition and trust in it. Collectors are attracted not only for its exquisite design and far-reaching cultural connotations, but also because of its stable price and long-term investment value.
The market performance of the Year of the Dragon banknotes is thrilling like a roller coaster. At one time, the market had high hopes that it was expected to break through the high price, however, the cruelty of reality was a big surprise. Not so long ago, the market was filled with pessimistic expectations that it could fall below $50, but now, this expectation has become a reality in a short period of time. The loose banknote market has fallen to about 49 yuan, which makes people sigh. Although the market of the standard ten consecutive can still be maintained at more than 50 yuan, according to the current market trend, its downward adjustment is only a matter of time, which undoubtedly brings huge psychological pressure to collectors.
Overall, there is a clear divergence between the 2024 Chinese New Year commemorative coins and commemorative banknotes after the second exchange. As the number of bullish collectors gradually decreases, a market correction is inevitable. Despite the high circulation of 100 million commemorative banknotes, the market performance is already impressive. However, compared to the 70th anniversary banknote in the past, its fate seems to be more bumpy. The 70th Anniversary Banknote, despite its equally large circulation, is now close to a face value collection, which undoubtedly makes people lament the ruthlessness and unpredictability of the market.
In the current coin collecting market, many varieties are showing a trend of correction. According to the issuance plan, the issuance of new varieties of ordinary commemorative coins will also slow down in the next few months, which undoubtedly brings some uncertainty to the market. However, it is worth looking forward to the fact that plans for the issuance of ordinary commemorative coins in the Northeast Tiger and Leopard National Park have surfaced. It is reported that the issuance of the commemorative coin will be reduced to 60 million, which will undoubtedly inject a new vitality into the market. Perhaps, the release of this new product can alleviate the market correction pressure to a certain extent and bring new investment opportunities for collectors.
However, for collectors, the collectible value of ordinary commemorative coins varies from person to person. Some people choose to deposit back to avoid risks, while others hold their ground and wait for the market to turn around. In this volatile market, everyone is interpreting their passion and dedication to collecting coins in their own way. It is always difficult to predict the changes in the market, but it is precisely this uncertainty that makes the road to collecting full of challenges and surprises.