马年币钞秒光！二手平台大量溢价出售，专家提醒警惕这类风险

Core Viewpoint - The demand for the Year of the Horse commemorative coins and notes has significantly outstripped supply, leading to rapid sellouts online and high premiums on secondary markets, driven by emotional factors rather than fundamental value [1][6][7]. Group 1: Demand and Supply Dynamics - The Year of the Horse commemorative coin has a face value of 10 yuan, with a total issuance of 100 million pieces, while the commemorative note has a face value of 20 yuan, also with an issuance of 100 million pieces [2]. - Online reservations for both the coins and notes were fully booked within minutes, with reports indicating that many users encountered "0" availability when attempting to reserve [3][4]. - The overwhelming demand has led to a situation where individuals are seeking to purchase these items on secondary platforms, often at premiums of several tens of percent above their face value [5]. Group 2: Secondary Market and Pricing - On secondary trading platforms, the prices for the commemorative coins and notes are significantly marked up, with examples showing a 69% premium on a roll of 20 coins, priced at 338 yuan compared to the original 200 yuan [5]. - The phenomenon of high premiums is attributed to a temporary imbalance between supply and demand, fueled by emotional responses rather than intrinsic value [6][7]. Group 3: Expert Analysis - Experts suggest that the current market behavior resembles a short-term liquidity frenzy rather than a genuine value discovery process, warning collectors against misinterpreting these items as stable investments [6][7]. - Historical trends indicate that the prices of commemorative coins and notes typically experience a rapid decline after initial speculative trading, returning to their intrinsic value [7].