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 core value of commemorative coins and notes lies in their cultural significance and collectible attributes, as well as the demand for gifts before the festival, while the short-term speculation leading to false premiums requires vigilance from all parties [4][5]. Group 1: Market Dynamics - The 2026 Year of the Horse commemorative coins and notes sold out instantly upon reservation, with reports of secondary market premiums exceeding five times the original price [1]. - On platforms like Xianyu, the complete set of horse notes has surged from the original price of 400 yuan to 2000 yuan, with some specific serial numbers trading at extreme rates, such as "one banknote for one gram of gold" [1]. - The issuance volume of the commemorative coins and notes reached 100 million each, which does not align with the reasonable threshold of "scarcity" in the collectible market, indicating limited long-term appreciation potential [5][6]. Group 2: Speculation and Consumer Behavior - Some cultural shops are excessively marking up the prices of low-cost commemorative coins, with a 158% premium on a 10 yuan coin selling for 25.8 yuan and a 240% premium on a 20 yuan note selling for 68 yuan [3]. - The low barrier to entry for the public to participate in reservations, requiring only an ID, has turned the speculation into a "collecting frenzy" accessible to everyone [4]. - The hype surrounding the "sold-out" status and "first-day appreciation" rumors often triggers a herd mentality among the public, further inflating market enthusiasm [4]. Group 3: Regulatory Environment - Regulatory bodies have begun to take action to standardize market order, with the People's Bank of China and the State Administration for Market Regulation issuing guidelines to curb illegal trading of RMB and requiring honesty and fairness in transactions [7]. - An official secondary trading platform has been launched to provide a legitimate channel for the circulation of commemorative coins, aiming to reduce speculation [7]. - There is a need for precise actions against scalpers and false advertising on second-hand platforms, as well as strict checks on the risks of personal information leakage associated with "reservation tools" [7].

Core Viewpoint - The reservation for the 2026 commemorative coins and banknotes began at 22:00 and 22:30 on January 13, leading to significant online interest and discussions on social media platforms, particularly Weibo, where topics related to the "Horse Year Commemorative Coin" quickly became trending [1][4]. Group 1 - The reservation window for the Horse Year commemorative coin was highly sought after, with over 2,917,180 reservations attempted [2][5]. - The topic "Horse Year Commemorative Coin Not Available" reached over 1,057,105 discussions, indicating a high level of frustration among potential buyers [2][5]. - Users reported issues with the reservation process, stating that the system showed "loading" and that by the time they accessed the reservation, the available quantities had already been depleted [3][6]. Group 2 - Multiple banks experienced a rapid sell-out of the commemorative coins and banknotes, with reports of them being "gone in seconds" during the reservation period [3][6]. - The trending topics on Weibo included hashtags such as 抢马币 (Grab Horse Coin) and 马币 (Horse Coin), reflecting the public's eagerness and the competitive nature of the reservation process [1][4].