Commemorative banknotes Commemorative coins issued in large quantities, will there be room for appreciation?

In China, commemorative coins and banknotes are not only financial instruments, but also part of cultural inheritance. Whenever festivals or major national events occur, the People’s Bank of China will issue a series of souvenirs with special significance, which are not only the hobby of collectors, but also a unique carrier for ordinary people to place their emotions and historical memories.

With the passage of time, the value of these commemorative coins and commemorative notes bearing special significance has shown a trend of polarization.
In recent years, due to the surge in circulation, the value of many commemorative coins has gradually returned to the face value, which has dampened the enthusiasm of some collectors to a certain extent.
Taking the zodiac series commemorative coins as an example, although the Tiger Zodiac commemorative coins issued this year can still maintain a price of about 18 yuan in the market, this is obviously inferior to the buying boom caused by those rare varieties in previous years.
The reason is nothing more than the market law of “things are rare and valuable”. When the circulation is controlled, the value of commemorative coins can often be better reflected; Otherwise, it may lead to a decline in its market price.
Take the space commemorative banknotes as an example, the reason why it eventually fell to face value is mainly because the number of issues is too large, more than the market demand can absorb the degree. In contrast, some commemorative notes issued later have shown better appreciation potential, which shows how important it is to strike a balance in quantity control.
The mass issuance of commemorative coins and banknotes has met the collection needs of more people, but it has also brought new challenges. On the one hand, many successful people find that the market price does not rise as expected, and then give up exchange, resulting in waste of resources.
On the other hand, since the exchange requires the use of identity documents, it also increases the difficulty of operation for ordinary collectors. However, for older people who are unfamiliar with modern technology operations, increasing circulation is actually giving them more opportunities to participate in cultural experiences they might otherwise miss out on altogether.
When discussing the appreciation potential of commemorative coins and commemorative notes, we cannot ignore the role of supply and demand. In theory, the higher the quantity, the smaller the premium space for a single item; Scarcity, in turn, drives up prices.
In practice, collectors often face the problem of limited reservation and difficult to monetize their personal collections. Therefore, although some commemorative coins may have a brief premium period on the day of exchange, it is not easy to make a high profit.
There is a delicate balance between the value of commemorative coins and banknotes and the number of them in issue. For collectors, understanding market dynamics and grasping the rhythm of issuance may be the key to achieving investment returns.
For issuers, how to find the sweet spot between meeting public demand and maintaining the value of souvenirs is still a task worthy of careful consideration. Only when the circulation matches the market demand, these souvenirs bearing cultural memory can truly exert their cultural and economic value.