The second summer youth Olympic Games gold and silver commemorative coins will be issued soon, and the planned small circulation makes it the target of market attention. “Controlling circulation has become an important reason for the market to rise.†But market participants question whether the reduction in circulation can save the market? Is it worth collecting for a collection with a small circulation? Experts believe that it is necessary to see whether there is continuity in the “shrinkage policyâ€. “In addition to the small amount of the collectors, the collectors must also consider the importance of the subject matter.â€
The circulation of gold and silver coins collectively “shrinksâ€
According to the announcement of the central bank, the second summer youth Olympic Games gold and silver commemorative coins include a maximum circulation of 10,000 pieces of 1/4 ounce round gold commemorative coins, the largest circulation of 2,000 pieces of 5 ounce round silver commemorative coins, the largest issue A 1/2 ounce round silver commemorative coin of 20,000 pieces each is a refined coin (2 pieces).
“The 5 ounce silver coins are only issued 2,000 pieces, even less than the circulation of some 5 ounce large-size gold coins.†Mr. Wu, who has been collecting gold and silver coins for many years, was surprised. “It can be said that the circulation has never been so low. In fact, the "shrinkage" is the "main theme" of the 2014 precious metal commemorative coin issue. Observing the official 2014 release plan, we can find that there are many highlights in the 10 series, including the series of zodiac, panda, Buddhist shrine, bronze, world cultural heritage, etc., and the first set of memorials with foreign countries. The release of precious metal commemorative coins and the high-profile varieties such as "falling moon".
“Comparatively, the theme of the zodiac, Buddhism, and bronzes is basically the same as that of the pre-release series of the same series, but there are also varieties that have significantly reduced the circulation with the same series.†Yan Bing, manager of a commemorative coin company in Guangzhou Compared with the "Big Dipper" which was released in the aerospace series last year, "the moon is released", "the number of coins and silver coins issued by the Big Dipper is 30,000 and 60,000 respectively, and the 'falling moon' is only 10,000 and 30,000 respectively. I can say that it is a 'dramatic reduction'."
A small amount of circulation does not mean that the price must rise.
Strong and powerful controls have a direct effect on the market. From the post-holiday gold and silver coin market, the prices of the varieties headed by the 2014 horse year gold and silver coins and the lunar gold and silver coins have risen steadily. "Reducing the circulation is indeed a measure that is conducive to the recovery of the gold and silver coin market." Yan Bing said. Although an important reason for not being able to ignore the market recovery is the stabilization of international gold and silver prices, the sharp decline in circulation has directly stimulated the nerves of the market. “The precious metal commemorative coins are supported by the price of gold and silver materials, but the size of the circulation is still The impact on the acceptance price of its market. The reduction in circulation, coupled with the original demand of the market, led to a tight supply and demand relationship, rising prices. In addition to the consumption of the pre-holiday gift market, the inventory of the market decreased, and finally the price continued to appear. The phenomenon of rising."
However, in response to the market's stimuli, some businesses are worried that once this policy of shrinking is changed, it may cause the market to fall into a trough: "Now no one can say how long this policy will last, next year is not It is also such a policy."
What Yan Bing is more worried about is that some collectors will blindly pursue a small circulation variety: “The quantity is not equal to the price will increase.†In his view, the gold and silver coin collection has an important feature, that is, the theme itself. Cultural, technological and connotation. “A variety that is not favored by the market and accepted by collectors can't be a condition to support its price increase even if it is small.†He explained that the number of color coins issued in 2014 was 120,000 and the number of colored silver coins was 220,000. A piece can almost be regarded as a "day volume" variety, but its price has risen from 3,000 yuan/set at the beginning of the release to 4680 yuan/set at the current retail market, and it is difficult to find a large number of sources. “Circulation is only one aspect that collectors should refer to, supporting the rise of precious metal commemorative coins, as well as the subject matter, craftsmanship, connotation, innovation, market acceptance, etc.†He suggested that collectors can choose what they consider to be fine and scarce. At the same time, it is necessary to pay close attention to the future market conditions, and it is impossible to carry out a blind collection of "paper talks".
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