Name Card 1

Name Card 1

NGC AWARDS FOR YEAR 2014

NGC AWARDS FOR YEAR 2014

Friday, September 6, 2013

MALAYSIA 1st PRIME MINISTER TUNKU ABDUL RAHMAN COMMEMORATIVE GOLD COIN 1971

This is the most classic gold coin for young and old collectors to collect with rich of history it carries through the years from 1971 for the reason begin the first gold coin ever issued by Malaysia to commemorate the first prime minister of Malaysia. This is a "must have" for those who collect Malaysia coins.

Even with the high mintage of 100,000.00 pieces were issued for B.U condition but you can't easily find them in good condition today and many were melted when the price of gold went up from 1971  and some were made into the form of jewellery. During the time of issue those collectors purchased them for RM100.00 (MYR) as the same face value of $100.00 it carry, thus many collectors during  those times realized the gold coin was not worth the value of RM100.00 because the gold content it carry were .917 and with the weight of 18.66 grams coupled with the low price of gold making it not worth keeping, those collectors using the gold coin to trade and paying for purchases since it was legal tender for the same value of RM100.00. Hence this gold coins was in "circulation" during those years since it was legal tender and was accepted as payment method, this resulted many of these coins condition with scratches and worn. There are not many good condition of this coin these days in UNC condition. Good luck in finding one.

Specification :-

Year of issue : 1971 
Face Value : RM100
Gold Purity : .917%
Standard Weight : 18.66grams
Diameter : 27.7mm
Condition : Brilliant Uncirculated 



 


Please contact me if you are interested. My email id : junetle28@gmail.com or h/p : +6012-4316178.


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