Post-holiday coin collection prices have fallen

The newspaper (Reporter Yang Li) sold 5,000 yuan worth of Olympic banknotes on the Wuhan collection market before the holiday and sold it for 5,000 yuan after the holiday season. The price of the dragon banknote before the festival was 3,000 yuan, which is now down to 2,500 yuan. According to industry insiders, prices of various collectibles dropped by nearly 20% after the holiday.

The 10 yuan denomination of Olympic money has risen steadily this year, rising from around 2,500 yuan to 6,000 yuan. The price rose to the highest point due to the National Day gift giving and other reasons. The Dragon Banknote is also due to the year of the Chinese Dragon Year, from thousand yuan. Scoop up to 3,000 yuan. Mr. Chen Yibo, head of the billion-dollar coin in Wuhan’s collectibles market, introduced that because the market had more liquidity and was a pre-holiday market, the price was higher. The recent rumors that the funds in Jiangsu and Zhejiang are relatively tight, and that more funds for speculation come from these places, so the prices have recently fallen. The reporter observed that not only did these two representative collections fall in price, but other collections of coins also fell. Market-related professionals said that the overall price of the fourth set of coins also fell.

Is it a good time for collectors to get involved? Chen Fangxi, a senior professional in Wuhan's collectibles market, said that at present, it has not yet stabilized, and it is not appropriate to intervene. It is also possible to wait and see, waiting for the market to stabilize.

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