The 2024 auspicious cultural gold and silver commemorative coin reservation lottery is about to come to an end today on the gold coin cloud business platform. Judging from the registration situation, the overall enthusiasm is not as high as expected. In particular, the number of pre-applicants for the 30-gram silver coin was less than 14,000, and the number of pre-registrations for the heart-shaped 30-gram silver coin did not exceed the 20,000 mark. Such a figure obviously failed to meet the expectations of many collectors and market observers.
Previously, in the fan base, I mentioned the decision not to participate in this appointment lottery. In the subsequent exchanges, I also found that many collectors who had already signed up also chose to cancel their reservations. Behind this is undoubtedly a deliberate consideration of the current market situation. In fact, the performance of the auspicious cultural gold and silver commemorative coin series in the secondary market has been mediocre, and there is even a risk of breakage.
Looking back on the past, the issuance of Chinese banknotes millennium gold and silver commemorative coins was once favored by the market, but unfortunately, its market performance did not meet expectations. In particular, the market price of the 1,000-year-old 30-gram rectangular silver coin has been declining, and it has not even made much waves in the numismatic market. Such market feedback has undoubtedly cast a shadow on the issuance of auspicious cultural gold and silver commemorative coins in 2024.
So far, in the issuance process of gold and silver commemorative coins, there have been three varieties of gold and silver commemorative coins of Chinese polar expedition, gold and silver commemorative coins of Chinese banknotes for millennium, and gold and silver commemorative coins of auspicious culture in 2024. Among them, the Chinese polar expedition gold and silver commemorative coins have been widely regarded by the market as broken varieties before the issuance, and the market performance after the issuance also confirms this.
However, the issuance of Chinese banknotes for millennium gold and silver commemorative coins has experienced a very different fate. Before its release, the market generally had high hopes for it, but as time went on, its popularity gradually decreased, and eventually only the paper banknote Millennium 30-gram rectangular silver coin took its place in the market. However, with the increase in the supply of goods, its market performance is also becoming weaker, and the risk of breakage is increasing.
As for the 2024 auspicious cultural gold and silver commemorative coins, their issuance has sparked extensive discussions among collectors. Especially for its design, some people praise it for its exquisiteness, while others think that it is far from the concept of auspicious culture. Such a divergence has undoubtedly exacerbated the market's wait-and-see attitude towards the series of commemorative coins. Despite this, there are still some collectors who are optimistic about its potential value and participate in the reservation lottery.
In general, the collectible market is unpredictable, and the release of each variety is fraught with uncertainty. For the 2024 auspicious cultural gold and silver commemorative coins, it is still up to the market and time to give an answer to what its future market performance will be. But in any case, as collectors, we should remain rational and cautious and make wise choices based on our preferences and financial situation.