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Nanjing Cultural and Art Assets Exchange Square
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Bullish Market
On October 21, 2013, the Nanjing Cultural and Art Assets Exchange Square opened its online center for coin and stamp trading. The center first listed six types of coins including colored gold coins themed on the novel Journey to the West, and colored silver coins themed on China’s table-tennis team or with images of dragons and snakes. One special stamp with the painting Ode to the Goddess of the Luo River was listed at the same time.
The initial batch of listed collections has the following features. First, six out of the seven items are commemorative coins. Second, multicolor coins are in the majority. Third, the themes are diverse, including Chinese zodiac animals, classical masterworks, and sports, to name a few. Fourth, prices can meet different demands according to collectors’ budgets. A stamp can cost tens of yuan, silver coins a few hundred yuan. Prices of colored gold coins range from thousands to ten thousands of yuan. Lastly, average prices are lower than market prices.
These coins and stamps have seen reasonable levels of distribution, having been circulating for years. Each boasts a distinctive feature and investment value. The colored gold coin themed on the “Havoc in Heaven” story, from Journey to the West, won the honor of the most popular precious-metal commemorative coin of China in 2002. It was minted in Switzerland, and combines the art forms of classical literature and Beijing Opera. The colorful silver coin themed on China’s table-tennis team contains design flaws. Therefore, the coin is expected to keep increasing in value, but its current price is still affordable to a wide range of collectors. Silver coins with images of the dragon and snake are moderately priced. The zodiac animals theme is especially popular in China. A stamp with the painting Ode to the Goddess of the Luo River was once selected as the best printed stamp and a top special stamp, while its price is attractive to most people.
Some insiders believe that the current assessment value of China’s stamps and coins market is around RMB four trillion. Millions of people have been investing in coins and stamps. As works of art, stamps and coins may be high in artistic value but low in their investment threshold. They are the collectibles that garner the highest number of participants and the greatest social influence.
In the past, barter trade in coins and stamps had several disadvantages since it is difficult to cash in and to distinguish genuine from fake. But today, these problems are expected to be solved through electronic transactions, which meets the needs of the times.
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