Wuhan market shocked rabbit year zodiac 1 kg silver coin
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September 25, 2025
At the end of the year, as the holiday season approached, the market for gold and silver coin gifts was booming. However, with popularity came a surge in counterfeit products, which left many customers frustrated. A foreign customer recently traveled all the way to Wuhan to verify the authenticity of a commemorative silver coin using its certificate number. Upon visiting a local dealer, they discovered that a so-called "clone" coin was still displayed in the store's cabinet, raising serious concerns about product legitimacy.
On the 18th, an employee from Wuhan Jinheng Company, a well-known gold and silver coin retailer, shared details with reporters. The company had recently received inquiries from a customer who purchased a 2011 Rabbit Lunar New Year 1 kg commemorative silver coin. After checking the coin’s serial number on the China Gold Coin Online platform, the customer found that the number matched one from the company’s 2011 Chinese zodiac collection. However, the company confirmed that all of their stock had been sold out, and upon further investigation, it was revealed that the particular 1 kg silver coin in question was still in the store and had not been sold. This strongly suggested that the coin the customer bought was a counterfeit, and the company had no connection to it.
According to the reporter, the foreign customer had paid 43,000 yuan for the "cloned" coin, which was nearly the same price as an authentic one. This raised questions about how such fake coins were being sold at similar prices, potentially misleading buyers who are unaware of the differences.
Wuhan Jinheng Company has since reported the incident to the China Gold Coin Head Office and urged customers to be cautious. They emphasized that only authorized retailers, recognized by the China Gold Coin Head Office, should be trusted when purchasing precious metal commemorative coins. The company warned that falling for counterfeit products could lead to significant financial loss and emotional distress.
In today’s market, where demand for collectible coins is high, it’s more important than ever for buyers to do their research and ensure they’re purchasing from legitimate sources. As this case shows, even a small mistake can result in a big regret.