此次马年纪念币作为第二轮生肖纪念币收官之作，兼具艺术价值与收藏意义，预约阶段便呈现"秒光"热 度。工行南通崇川人民路支行以风雪中的暖心服务，既满足了市民的收藏需求，更彰显了"客户至上"的 服务理念。 江南时报讯 2026年1月20日，2026丙午马年生肖纪念币、纪念钞线下兑换正式开启，南通遭遇寒潮降雪 天气，市区普降大雪并伴有道路结冰预警。然而风雪严寒未能阻挡市民的收藏热情，工行南通崇川人民 路支行门前早早就排起了长队，一场"瑞雪迎祥币"的暖心兑换服务在风雪中温情上演。 为保障兑换工作平稳高效，支行提前谋划、周密部署。兑换前一周，支行行长室实地勘查网点布局，针 对兑换窗口设置、业务流程优化、排队引导方案等关键环节反复研讨确认。通过全员业务培训，确保工 作人员熟练掌握纪念币预约信息核查、多渠道支付等操作规范，同时备足热水、防滑垫等便民物资，为 市民打造安全舒适的兑换环境。 1月20日清晨，大雪纷飞中，不少收藏爱好者冒着严寒赶来，有的市民甚至提前一小时到场等候。"每年 生肖纪念币我都不会错过，马年寓意'马到成功'，这套纪念币的剪纸马图案特别精美，一定要第一时间 兑换收藏。"手持刚兑换的纪念币的市民难掩喜悦。随着客 ...

Core Viewpoint - The upcoming release of the 2026 Year of the Horse commemorative coins and notes has generated significant interest, leading to long queues at banks for exchanges and a surge in prices in the secondary market, reflecting their perceived investment value [1][9]. Group 1: Exchange Process - The exchange process for the commemorative coins and notes is organized and efficient, with dedicated points for reservations and staff assisting customers [3]. - Customers experienced high demand, with many banks' apps crashing during the reservation period, indicating a strong interest in the limited availability of the items [7]. - The exchange process takes approximately 15 minutes, with staff guiding customers through each step, although some customers faced issues due to forgetting necessary documents [7]. Group 2: Market Demand and Pricing - The secondary market for the commemorative notes has seen prices soar, with a set of 40 notes valued at 2588 yuan and 10 consecutive notes reaching 9288 yuan [9]. - The high prices are attributed to the cultural significance of the items, as well as speculative trading, with some individuals quickly reselling their notes for a profit [9]. - Experts emphasize that while the commemorative items have collectible value, the market can be volatile, and they should not be viewed solely as investment tools [9].

Core Insights - The issuance of the "Horse Year" commemorative coins and notes has generated significant public interest, with long queues observed at banks on the first exchange day [1][5][15] - The "Horse Note" refers to the 20 yuan commemorative note, made of plastic, with a total issuance of 100 million pieces [10][12] - The "Horse Coin" is a 10 yuan commemorative coin made of bimetallic copper alloy, also with a total issuance of 100 million pieces [3][12] Group 1: Issuance and Demand - The issuance of the 2026 New Year commemorative coins and notes began on January 13, with a total of 100 million pieces (coins and notes) available nationwide, distributed through a regional quota system [5][15] - Despite the large issuance volume, online reservations were extremely competitive, leading to reports of system overloads and rapid sellouts [5][15] - Analysts suggest that the intrinsic value and cultural significance of the commemorative items, along with auspicious meanings, have driven high demand [5][16] Group 2: Secondary Market Dynamics - The secondary market for the commemorative items has seen significant price inflation, with the complete set of commemorative notes being quoted between 800 to 1000 yuan, representing a 100% to 150% premium over the original price [6][17] - Special serial numbers in the secondary market have been reported to sell for multiples of their face value, indicating speculative trading behavior [6][17] - Concerns have been raised about the sustainability of high premiums in the secondary market, as the large issuance may lead to price corrections once the items are widely available [18] Group 3: Trading Practices and Risks - Secondary trading platforms have emerged, utilizing pre-sale strategies through images and videos, despite the lack of physical items at the time of reservation [18] - The absence of physical verification channels in the secondary market poses risks for buyers, including potential fraud and misrepresentation [18] - Experts advise collectors to differentiate between genuine collection and speculative investment, emphasizing the importance of using reputable platforms for transactions [18]

Core Viewpoint - The exchange of the Year of the Horse commemorative coins and banknotes has officially begun, attracting significant public interest and participation in the collection market [1][9]. Group 1: Exchange Process - The exchange period for the Year of the Horse commemorative coins and banknotes runs from January 20 to January 26 [1]. - Banks, such as China Construction Bank, have opened early to accommodate customers, indicating high demand [1]. - The introduction of mobile banking pre-payment options by banks like Industrial and Commercial Bank of China and China Construction Bank has optimized the exchange process and improved efficiency [7]. Group 2: Public Interest and Market Dynamics - A long queue of approximately 20 people was observed at a bank branch for the exchange, highlighting the popularity of the commemorative items [1]. - Many citizens are collecting these items for personal enjoyment and as gifts, with some expressing excitement over their successful reservations [3][5]. - The market for these commemorative items has seen the emergence of resellers, with prices for "lucky numbers" reaching up to 900 yuan, indicating a strong demand for specific items [7]. Group 3: Collectible Significance - The Year of the Horse commemorative coin is the final piece in the second series of zodiac coins, while the banknote is the third zodiac banknote issued by the People's Bank of China, making them particularly significant for collectors [9]. - The cultural significance of phrases like "马到成功" (success comes swiftly) and "龙马精神" (spirit of the dragon and horse) has contributed to the heightened market interest [9]. Group 4: Issuance Details - The total issuance of the Year of the Horse commemorative coins and banknotes is set at 100 million each nationwide, with 4.76 million issued in Zhejiang Province [10]. - Citizens must present valid identification to exchange their reserved items, and specific procedures are in place for those collecting on behalf of others [10].

Core Insights - The issuance of the Year of the Horse commemorative coins and banknotes by the People's Bank of China has sparked a nationwide buying frenzy, with both types of items selling out within minutes of their online reservation launch [1] Group 1: Market Demand and Characteristics - The demand for the commemorative coins and banknotes reflects a significant increase in public interest in physical assets backed by national credit, which are low-cost and emotionally resonant [1] - The popularity of zodiac commemorative items is attributed to three key characteristics: cultural scarcity, price anchoring effect, and social currency attributes, which are amplified by the festive season [1] Group 2: Secondary Market Trends - On secondary trading platforms, the commemorative coins and banknotes are being listed at significant premiums, with examples including a "coin and note" set priced at 78 yuan and a set of 20 banknotes listed for as high as 2000 yuan [1] - The current premium pricing is largely driven by short-term speculative sentiment, with a warning that most items may revert to face value in the long term due to the high issuance volume of 100 million banknotes [1] Group 3: Fraud Risks - As the market heats up, there is an increase in fraud risks, with scammers targeting collectors through various schemes, including pre-purchase scams and impersonation of bank officials [2] - Collectors are advised to purchase commemorative items through official channels to avoid counterfeit products and scams [2] Group 4: Recommendations for Collectors - Legal experts recommend that collectors should use official bank channels for reservations and verify any successful reservation notifications through official sources [3] - It is advised to maintain a rational assessment of the value of high-priced commemorative items and to report any fraud incidents to the authorities while preserving transaction records [3]

Core Viewpoint - The release of the Year of the Horse commemorative coins and banknotes has led to a rapid sell-out across multiple bank branches within 24 hours, with prices on secondary markets skyrocketing, indicating strong collector interest and potential investment opportunities [1][2][3]. Group 1: Product Details - The Year of the Horse commemorative coin is made of bimetallic copper alloy, has a face value of 10 yuan, and a total issuance of 100 million pieces (including 10,000 for historical records) [2]. - The commemorative banknote has a face value of 20 yuan, is made of plastic, and also has a total issuance of 100 million pieces (including 20,000 for historical records) [2]. - Each individual is limited to a maximum of 20 coins and 20 banknotes, with only one reservation allowed per person [2]. Group 2: Market Response - The commemorative coin and banknote were fully reserved on the first day of availability, with many bank branches reporting zero availability shortly after the release [2]. - The secondary market has seen prices for the Year of the Horse commemorative coin and banknote increase several times, with sets of 20 banknotes being listed for prices between 1,000 to 2,000 yuan [3]. - Factors influencing the high demand include the coin being the last in the central bank's fourth series, previous market performance of similar items, and the auspicious symbolism associated with the Year of the Horse [3].

Group 1 - The 2026 Year of the Horse commemorative coins and banknotes were officially launched for sale on January 13, with a purchase limit of 20 coins and 20 banknotes per person, and each person could only make one reservation [1] - The demand was extremely high, with many collectors and citizens reporting that the items sold out in less than a minute, causing the topic to trend as the number one search [1] - Users experienced difficulties accessing the reservation platforms of major banks, with the Agricultural Bank of China and China Construction Bank apps showing "0" availability shortly after the sale began [2] Group 2 - Many users reported issues with network lag and manual input errors, which contributed to their inability to secure the items in time [3] - The secondary market saw a rapid increase in prices, with commemorative coins selling at a premium of several tens of yuan, and the commemorative banknotes reaching prices as high as three to four hundred yuan, indicating a significant markup over the face value of 200 yuan [3] - According to the central bank's announcement, the commemorative coins are made of bimetallic copper alloy with a face value of 10 yuan and a total issuance of 100 million pieces, while the commemorative banknotes are made of plastic with a face value of 20 yuan and also a total issuance of 100 million pieces [7]

Core Viewpoint - The 2026 Year of the Horse commemorative coins and banknotes were officially released for sale on January 13, 2026, with a limit of 20 pieces and 20 notes per person, leading to a rapid sell-out within a minute, causing significant online traffic issues and high demand among collectors [1][2]. Group 1: Sales and Demand - The commemorative coins and banknotes sold out in under a minute, with many collectors unable to place orders due to system overloads on banking apps [1]. - Users reported difficulties in accessing the reservation system, with some experiencing delays and errors while trying to input their identification information [2]. Group 2: Market Response - Following the release, the secondary market saw a significant price increase, with commemorative coins selling at a premium of several tens of yuan, and banknotes reaching prices of three to four hundred yuan [4]. - The total face value of a set of ten consecutive Year of the Horse banknotes is 200 yuan, but they are being sold at over double their face value in the market [4]. Group 3: Issuance Details - According to the central bank's announcement, the commemorative coins are made of bimetallic copper alloy with a face value of 10 yuan, and a total issuance of 100 million pieces, including 10,000 for historical archives [9]. - The commemorative banknotes have a face value of 20 yuan, made from plastic material, with a total issuance of 100 million notes, including 20,000 for historical archives [9].

Core Viewpoint - The recent launch of the Year of the Horse commemorative banknotes and coins has led to a significant surge in demand, resulting in high premiums in the secondary market [2][15]. Group 1: Market Demand and Appointment Issues - The appointment for the Year of the Horse commemorative banknotes and coins was extremely popular, causing severe delays and system crashes across various banks' appointment channels [2][7]. - Many users reported difficulties in securing appointments, with some stating that they were unable to complete the process due to system errors or high demand [12][14]. Group 2: Secondary Market Pricing - The secondary market has seen varying degrees of price inflation, with sellers offering a complete set of 20 commemorative banknotes for prices as high as 2000 yuan [16]. - Prices for individual banknotes vary significantly, with standard notes priced between 700 yuan and 2000 yuan, while special numbers like "Dragon Pearl" are being sold for 520 yuan each [16][20]. - Some consumers expressed concerns about the inflated prices, suggesting that the market is experiencing a speculative bubble [18]. Group 3: Investment Perspective - Industry experts note that while the commemorative banknotes may have long-term appreciation potential due to cultural significance, the large issuance volume of 100 million units dilutes their scarcity [20]. - The previous year's snake banknotes experienced a price drop, indicating the need for consumers to remain cautious and avoid chasing high prices in the current market [20].

Core Insights - The price of the complete set of Year of the Horse commemorative coins and notes has surged to 2000 yuan, trending on social media [1] Group 1: Product Details - The Year of the Horse commemorative coin is made of bimetallic copper alloy, with a face value of 10 yuan and a total issuance of 100 million pieces, including 10,000 for historical records [1] - The commemorative note has a face value of 20 yuan, made of plastic, with an issuance of 100 million pieces, including 20,000 for historical records [1] Group 2: Market Reaction - The commemorative coins and notes sold out in under a minute during the initial sale, with many collectors and citizens unable to place orders despite multiple refresh attempts [1] - On secondary trading platforms, prices for the Year of the Horse commemorative coins and notes have increased several times, with a complete set of 20 coins and 20 notes priced between 1100 yuan and 1499 yuan [1] - Different sellers have varying prices for the Year of the Horse commemorative notes, with some offering a complete set of 20 notes for as high as 2000 yuan [1]