Author Topic: "Five-yuan Coins Outstripped Supply"  (Read 1575 times)

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Offline Birdman

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"Five-yuan Coins Outstripped Supply"
« on: September 28, 2014, 08:43:42 AM »
Perhaps of interest to some...

http://english.cri.cn/12394/2014/09/26/3561s845619.htm
2014-09-26 15:09:21    CRIENGLISH.com 

"The new 2014 edition five-yuan coins issued by the People's Bank of China sold well among collectors on Thursday.

Local residents in northern China's Lanzhou queued at the door for hours early in the morning, waiting for the bank to open, local newspaper Lanzhou Chenbao reported.

The limited edition coin is made of brass alloys with a three centimeter diameter. The coin is able to circulate in the currency market with the same denomination as the ordinary five-yuan notes.

One side has the Chinese character "he", which means harmony or peace. The other side's design is similar the one-yuan coins.

It is hard to buy in banks due demand from collectors already outstripping the supply.

The five-yuan coin was first issued on September of 2013 and the character "he" is in Xingshu calligraphy. The 2014 edition has a different Caoshu calligraphy.

The report says the coin will have a total five versions with different calligraphies."