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What are commemorative coins?

Author:Site Editor     Publish Time: 09-09-2019      Origin:Site Inquire

The commemorative coin is a legal currency issued by a country to commemorate international or national political, historical, cultural and other major events, outstanding figures, historical sites, rare animals and plants, sports events, etc. It includes ordinary memorial coins and precious metal memorial coins. The quality is universal or refined and limited. Memorial coins are coins issued to commemorate certain events or problems. Although some countries are also issuing memorial coins that are regularly circulated, such coins are only used as collections.

 

Ordinary commemorative coins can be circulated, but precious metal memorial coins cannot be circulated. The Chinese commemorative coin has a specific theme and is designed and manufactured by the China Banknote Printing and Minting Corporation and is the legal currency issued by the People's Bank of China. Memorial coins are usually issued to commemorate China's major political and historical events, traditional culture and other things of special significance. The ordinary commemorative coins have the same functions as the current currency, and are circulated in equal value with the same denomination.

 

In recent years, domestic collectors are very popular with commemorative coins.

 

The commemorative coins of the memorial coins are colorful and unique in design. The specifications and materials are various, the patterns are novel and beautiful, and the denominations vary according to the theme. For example, the brilliant achievements and major historical events of the People’s Republic of China for more than 50 years are concentrated between the squares of the memorial coins. Commemorative coin. These memorial coins are an important part of the RMB series. They have enriched and improved the Chinese monetary system, promoted the Chinese currency culture, and constantly explored and innovated, playing a positive role in promoting commodity circulation and economic development and expanding foreign exchanges.

 

Commemorative coins can be divided into two categories: precious metal memorial coins and ordinary memorial coins.

 

1. Precious metal commemorative coins include commemorative coins cast from precious metals such as gold coins, silver coins, platinum coins, palladium coins or their alloys. The materials are precious metals such as gold and silver. The subject matter is extensive, the craftsmanship is exquisite, the viewing is strong, and most of them are distributed in sets.

 

2. Common metal commemorative coins are divided into common and refined coins. The material of ordinary memorial coins is the paper used to print banknotes or the metal of ordinary coins. The denomination indicates its legal value. It is mainly designed and casted on the theme of major events, festivals, anniversaries and rare animals. It is a legal currency issued by the state that can be circulated but is commemorative.

 

The collectibles market has always been said to be rare. The amount of memorial coins issued is the primary factor determining the value of investment and the potential for appreciation. Generally speaking, the circulation of memorial coins is inversely related to the market price, that is, the quantity is low, the price is high, and the quantity is low.

 

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