Core Viewpoint - The high-risk nature of the secondary market for commemorative coins and notes is highlighted, with concerns over authenticity and potential price drops due to large issuance volumes [1][3]. Group 1: Market Dynamics - The total issuance of commemorative coins and notes is 100 million pieces, with regional distribution varying significantly, such as 6.3 million for Beijing and 7.5 million for Liaoning [2]. - Despite the large issuance, online reservations were extremely competitive, leading to a surge in secondary market activity as buyers sought alternatives after failing to secure items through official channels [2][3]. - The commemorative coin has a face value of 10 yuan, while a complete set of 20 coins is priced at 200 yuan; the commemorative note has a face value of 20 yuan, with a complete set of 20 notes priced at 400 yuan [2]. Group 2: Investment Risks - The secondary market is characterized by significant emotional and speculative premiums, which may not accurately reflect the long-term value of the items [2][3]. - Buyers are advised to clarify their intentions—whether for collection or speculation—and to be cautious of impulsive decisions made in emotionally charged environments [1][3]. - The lack of physical items available for immediate trade and the absence of authoritative verification channels in the secondary market increase the risk of fraud and misrepresentation [1][3].