Golden Coin Croaker fish maw, also called small-whiskered Golden Coin Croaker fish maw, comes from the yellow-lipped fish and is known in the trade as the 'king of fish maw.' It is exceptionally rare and usually collected rather than eaten. The source quotes historical prices from hundreds of thousands to more than one million per catty for very large, thick pieces, without identifying a currency or current valuation date.

The yellow-lipped fish associated with Golden Coin Croaker fish maw is native to Chinese coastal waters and favours brackish estuaries. Historically cited areas include the Guangdong coast, southern Fujian fishing grounds and Nan'ao Island near the meeting point of the East and South China Seas.
The source describes the fish as scarce and difficult to catch, noting that generations of fishers might never encounter one. It also states that the species is protected in China and endangered; this historical account should not be treated as current legal guidance for trade or possession.
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Key points for photographing fish maw before selling
Before selling fish maw, take photos of the front, back, side, and packaging information, and send via WhatsApp to allow the expert to preliminarily assess the variety and preservation status.
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