Excuse me, did you throw the wrong coin?

There are many kinds of contemporary banknotes in China, except serial number, conjoined currency, birthday currency and special mantissa currency. Recently, there are "misprinted" hundred-dollar bills, asking hundreds of thousands or even millions. So, is there a "wrong edition" coin? Do they have a recycling function? How valuable is it for collection?

Recently, the reporter found on some collection and trading websites that some collectors showed the "wrong version" of the 1990 version of the hundred-dollar bills that they had collected for many years, mainly the "long coins" with creases and inverted watermarks. Mr. Qin of Binyang, Guangxi has a 1990 version of a hundred-dollar bill with the number BQ69642855. This 100 yuan note has two obvious white printed creases, which pass through the head of the great man respectively, and are about 3 mm longer than ordinary coins with the same edition and face value. Mr Qin quoted 400,000 yuan online.

Mr. Li from Zaozhuang, Shandong Province, said that he accidentally got a "rare" hundred-dollar bill before 180 degrees-1990 version of the great man's watermark head is 1800 RMB, and the hundred-dollar bill number is EU0 1786825. Mr. Li said that he has been certified in the bank. His quotation is as high as 2.8 million yuan.

● Voice of the Bank

The probability of wrong edition is very small, and the collection value is difficult to determine.

The relevant staff of the People's Bank of China pointed out that the so-called "wrong version" currency in the above two cases may be the fourth set of RMB. Long coins with creases belong to defective products, but the inspectors did not find them in time, so they flowed out of the banknote printing factory. However, its quantity is very small, because a coin must go through seven strict checkpoints before leaving the factory, and all the wrong coins detected are sealed. Relevant personnel from the Ministry of Security, the Ministry of Public Security and the Mint of the State Bank were present, and the wrong coins were taken out, counted and destroyed. The whole process is recorded, and the video is sealed and archived. Bank staff also told reporters that the hundred-dollar bill in the case was called "white ticket" in the collection. Because the white paper in the banknote printing factory is automatically transported and operated in the production process, there are many processes from white paper to finished products. As long as the paper is folded in one process, the banknotes will be exposed.

"White tickets are by no means counterfeit and can be used in normal circulation. If the other party doesn't accept it, you can go to the bank and exchange it for the same amount. As for the investment value, it is hard to say. " The relevant staff of China People's Bank said.

The staff also told the reporter that a few years ago, the People's Bank of China also found that there were so-called wrong editions of RMB circulating among the people, and specially organized an expert investigation in a banknote printing factory, and found that the so-called wrong editions were all fake and artificially made. The probability of RMB "wrong edition" is extremely low, especially the printing technology of the fourth and fifth sets of RMB in circulation has been greatly improved, and so far I have never heard of the real wrong edition of RMB. Therefore, it is even more impossible to make low-level obvious mistakes such as watermark inversion, such as the fourth set of RMB 100 in the case 1990. He added that the first set to the third set of RMB may be the wrong version because the printing level was not high at that time, but how valuable the collection is, because there are almost no auctions of the wrong version of RMB in the international and domestic auction markets, so it is difficult to determine how valuable the real wrong version of RMB is.

● Expert interpretation

Misprinted coins have no cultural heritage value.

Wang Banghua, Deputy Secretary-General of China Collectors Association, told reporters that the collection pays attention to rarity, novelty and strangeness, that is, rare and peculiar things have certain collection significance. The RMB in the above case has a certain collection value. The first collection value is: the probability of wrong coins is only one in a million or one in a million, so the wrong coins are different from normal coins, and their values are naturally different; The second collection value of the wrong coin is that after the authenticity of the wrong coin is verified, it has the "identity" similar to cultural relics and naturally becomes the "darling" sought after by collectors. However, the valuation of the wrong version of RMB is really unfounded and it is difficult to draw a conclusion. However, the "sky-high price" expected by the collectors in this case is a bit outrageous, because the appreciation space of the wrong edition RMB collection is far from that level, and the price of a general private collection is several thousand yuan.

Liu Wenhe, executive director of the Beijing Coin Society, said that collecting so-called "wrong coins" is basically not among the coin societies. In the field of coin collection, the "misprinted coins" in collection and circulation are only the sideline of collection, and these people are the collection groups bred by market speculation. This kind of collectors often have no stable collection quantity and long-term collection experience, mainly driven by curiosity and interest, and have no cultural or inheritance significance.

Deputy Secretary-General Wang Banghua stressed that although the wrong version of coins can be collected, whether they can be bought or sold is not expressly stipulated in the law. The wrong coins are generally recovered by the national bank, but the probability of recovery is only one in a thousand, and most of them are collected by some folk collectors. According to the reporter's understanding, Shanghai Hongsheng Auction Co., Ltd. sold a group of three RMB (batch number: 122) on June 26, 2007, of which two RMB 10 coupons were misprinted and one RMB 5 coupon was misprinted (Note: the front pattern of the first RMB 10 coupon moved up, and the back pattern was normal; The front of the second ten-dollar bill is punched and printed with ink, so that the front part of the pattern is printed on the back, while the front part of the pattern is blank. After penetrating the hole, it is completely restored, which is extremely interesting. The third five-yuan coupon is 7.8cm white on the back), all of which are well preserved, and the transaction price is 1 120 yuan (including commission). The reporter interviewed Beijing Huachen, Rongbao, Bandung, Red Sun and other auction companies, all of which said that they had never auctioned such a collection.

● Risk warning

The wrong version of the coin "Gui Li" needs to be guarded against being cheated.

Ye Hui, a coin appraiser, said that most of the "wrong coins" he had seen were fake and really rare. The real "misprinted coins" are called "residual coins" according to the explanation of the person in charge of the People's Bank of China. Changing a wrong coin of 100 yuan can earn 3,000 yuan, while some criminals make fake wrong coins by hollowing out, pasting and laser numbering the real coins in order to make money. From a technical point of view, there are: digging, which is a very clever counterfeiting technology, is to dig down the words "China People's Bank" on the paper money and then restore it on the paper money in turn; Another example is to uncover the head watermark paper in the paper money, reverse and restore the watermark, or simply make a watermark and put it in; There is also the pattern reversal of the corner line, which is a "major mistake"; Missing printing means that the color is missing. It was originally red, but it turned yellow after fake printing. Others smoked with chemical raw materials, turning the paper money that was originally purple sauce into red.

After counterfeiting, some collectors who don't know the truth spend high prices to buy fake "wrong coins", which brings unnecessary economic losses to collectors and causes adverse social impact. At present, more than 99% of the so-called "wrong coins" are artificially made on the basis of the original coins. If you carefully observe the so-called "wrong coins", or with the help of magnifying instruments, you will find traces of cutting, pasting and scraping, so you must pay special attention when collecting them.

In addition, artificially creating the wrong version of RMB is an act of deliberately damaging RMB. According to Article 43 of the People's Bank of China Law of the People's Republic of China, "Whoever intentionally damages RMB shall be given a warning by the public security organ and fined less than RMB 1 1,000". Those who use "wrong coins" for fraud will also be punished by relevant law enforcement departments according to law.

Collect interesting stories

● The "secret" in the button of the great man's coat.

If you are careful enough, you will find a very interesting phenomenon on the 100 yuan banknote: the buttons of the tunic suit above the 2005 version of the 100 yuan banknote are crossed by double lines (in the shape of "X"), while the buttons of the 1999 version are stitched by double lines in parallel (in the shape of "="). Some people think that the 2005 version of 100 yuan counterfeit money is forged on the basis of 1999 version, so when you get the 2005 version of RMB, look at the buttons of your clothes with a magnifying glass (which can be basically distinguished by the naked eye). If the two lines are parallel, it must be counterfeit money. However, the People's Bank of China has no clear conclusion.

● "Red corner" and "green corner" are expensive.

The "Red Corner" coupon was printed on 1960, which was the first and third set of RMB coupons issued by 1962 on April 20th. Because of its purplish red color, it is often called "Red Corner". Compared with other third sets of RMB coupons issued later, this coupon is not harmonious in terms of pattern structure, color matching and the number position of the crown. Therefore, since 197 1 year 1 1 year, banks began to only accept and not pay, and this coupon became one of the third sets of RMB coupons that left the circulation field early.

The "Green Corner" coupon is printed on 1962, and the front is dark brown, which is the same as the ordinary third set of RMB corner coupons, but the back part is dark green, so it is called "Green Corner" by coin collectors. Because the chrysanthemum pattern on the back of the coupon is brown in the middle and dark green on both sides, it is a bit like a butterfly spreading its wings. Some people call it the "butterfly version". "Green Corner" has two formats, one with a five-pointed star watermark and the other without watermark, because the banknote paper used for printing is different. Shortly after the release of "Green Corner", people found that its back color was similar to the third set of RMB dark green corner coupons, which was easy to be confused and wrong in circulation. Therefore, the People's Bank of China adjusted the color of the back of the coupon on1967 65438+February 15, that is, changed the color from dark green to brown, and reissued it, which is the common third set of RMB 10-cent coupons. At the same time of issuing brown dimes, the bank also adopted the measure of accepting only green dimes. Like the red dime, the green dime has also become a kind of coupon that has withdrawn from the circulation field in advance, thus forming a rare situation of two kinds of coupons.

At present, the prices of "Red Corner" and "Green Corner" have skyrocketed in the market in recent years due to the scarcity of commodities. At the beginning of 2000, the price of "Red Corner" was only 100 yuan, and now the latest market price has reached 350 yuan; At the beginning of 2000, the price of "Green Corner" without watermark was only one in 80 yuan, and now the latest market price has reached 270 yuan; But the "green corner" of the watermark has really become the "king of money" in the third set of RMB, and the increase is the most amazing in recent years. This coin began to climb from 150 yuan, and rose to 1300 yuan in the spring of 2003. The collection price soared to 7,000 yuan at the end of 2007. Experts believe that for the vast number of coin collectors, it is worthwhile to collect "red corners" and "green corners" from the perspective of collection and investment.

"Wrong coins" are rare. Experts say it is risky to forge and collect them.

A rare misprint of 500,000 maps of RMB market valuation in 50 yuan.

Recently, many domestic media reported that someone in Lanzhou collected a "wrong coin" of 50 yuan with an inverted portrait watermark on it. Because it is extremely rare, the market valuation is as high as 500,000 yuan. For several days in a row, many citizens in Chengdu also called the newspaper's collection hotline, saying that they had similar "wrong coins" in their hands. So, how much can they be worth?

A few days ago, the reporter saw a paper bill called 100 yuan from a citizen. 1There is an obvious blank on the front of 990 yuan paper bill, which seems to be caused by wrinkling during printing. If it is much larger than the normal RMB after stretching, and the portrait watermark has a dislocation of about 4 ~ 5 mm, the RMB is indeed true after bank identification.

Although the citizen regards this banknote as a rare treasure, coin experts believe that this banknote is not really a "wrong version of the coin", but only a defective RMB. It is understood that because coins have to go through many strict checkpoints before leaving the factory, the probability of errors is between one in a million and one in a million, and most of them are missing printing, white folding, corner folding, shifting, offset printing, dislocation, watermark inversion, watermark offset, etc. This kind of coin is considered to be defective people's currency.

In this regard, coin experts believe that if RMB defective products are used for investment and collection, the risk is extremely high, and it is basically "valuable without market". Experts also said that such defective coins are not uncommon in some private trading markets. Even if someone really wants to collect it, the market price is at most two or three thousand yuan. As for Lanzhou's so-called "wrong edition coin" worth 500 thousand yuan, experts think it is also defective. "It can only be a joke in the collection world to say that it will sell 500,000 yuan."

In addition, experts from Chengdu Coin Society pointed out that when the mint prints coins, it prints them with templates as a whole, and there is no possibility that local patterns or characters are inverted during the printing process. Therefore, most of the wrong coins appearing in the market are forged by criminals. As long as you look at it with a magnifying glass, you can find the clues of cutting beads, pasting beads and scraping beads. In addition, some people deliberately cut the conjoined banknotes into "wrong editions" and let some collectors who don't understand fall for it. Generally speaking, the conjoined banknotes themselves have a certain collection value. After being cut into "wrong editions", the value soared, and criminals made huge profits from it. At the same time, some coins also have the so-called "wrong edition". For example, after the coins were damaged by sulfuric acid, they were mistakenly collected as wrong coins by collectors.

In fact, as early as the end of 2005, the central bank made a special public statement, saying that there were no "wrong editions" of all the issued versions of RMB, only "defective products" caused by quality defects. It is understood that the so-called "wrong coins" found at present include not only RMB banknotes and coins, but also commemorative coins and even foreign currency. The central bank stressed that the printing plate used by the banknote printing factory and the steel mold for making coins are a whole, and there is no possibility of partial inversion in the printing process. Therefore, the so-called "wrong coin" does not exist, let alone any collection value. (Li Weiming)

Overlapping with numbers, the wrong version of RMB watermark moves down three centimeters (Figure)

Mr. Chen, a citizen of Suqian, has a distinctive RMB in his hand. This 1990 version of RMB 100 looks normal, but when the coin is erected and carefully identified under the light, it will be found that the watermark of Chairman Mao on the front of the RMB has moved down by three centimeters, basically at the lower left of the front of the banknote. On June 1 1, this banknote was appraised by Suqian Central Sub-branch of China People's Bank, which was a rare misprinted RMB and could only be exchanged in banks.

This misprinted coin in Mr. Chen's collection is the fourth set of hundred-dollar bills in version 1990, numbered PH3 1482442. Mr. Chen took the paper money in his hand and went to the window to look at the light. He saw that Chairman Mao's watermark, which was originally in the middle of the left side of the banknote, "ran" down, about three centimeters from the normal position, basically in the corner of the coin, overlapping with the number "100".

The reporter noticed that Mr. Chen cherished this misprinted coin very much. Paper money is wrapped in a piece of white paper, and there is a layer of newspaper outside. Although more than ten years have passed, this coin is still quite well preserved, neither folded nor wrinkled. According to Mr. Chen, his 100 yuan banknote was paid by the company in one lump sum five years ago. At that time, he built a house at home. After receiving his salary, he went to the building materials market to buy steel bars. When he paid the money and wanted to leave, he was stopped by the people in the shop, insisting that his money was fake and asked him to change it again. Mr. Chen took the money and saw that it was really different from ordinary money. Later, it was appraised by several banks and said to be true. Thinking that "scarcity is precious", Mr. Chen took the money. More than a decade ago, someone was willing to pay a high price for his coins, but Mr. Chen was reluctant.

In order to confirm the authenticity of this coin, 1 1 In the morning, the reporter and Mr. Chen came to Suqian Central Branch of China People's Bank with this coin. Mr. Cao from the Monetary Management Section of the Bank carefully examined the coins with a sophisticated money detector, and the final result was: The money is real!

According to Mr. Cao, coins have to go through a series of strict procedures before leaving the factory. Once it is found wrong, it will be destroyed on the spot and rarely flows to the market. For example, the watermark of 100 yuan in Mr. Chen's hand rarely moves down the wrong version. But if you want to exchange it in the bank, you can only wait for the denomination to be converted into 100 yuan.