MALAYSIA 1976 1SEN COPPER

Obverse

It was another record sale for the 1976 1sen with an error planchet that made of copper. It was recently auctioned on Ebay US with a realized price of USD2975.00 or RM9371.25 (exchange rate 3.15 = USD1.00) on the 10th November 2013 with 29bids.

Reverse

 

 

NGC population report

 

There were only four pieces achieved the highest grade of MS66 RD (Red) according to the NGC population report thus far.

On 27th March 2013, the exact same coin but with one rung lower of MS65 RD (Red) graded by PCGS was auctioned by Singapore Monetarium Auctions with a realized price of SGD3017.30 or RM7694.11 (exchange rate 2.55 = SGD1.00) inclusive of buyer's premium and GST in Singapore.

 

According to Steven Tan's catalogue it was stated that there were no more than 100pcs minted.

 

Steven Tan catalogue

 

So what's so special about this 1sen 1976 copper coin ? It was an error planchet material used. The correct metal should be copper-clad-steel.

 

FYI, the 1sen coin was minted from 1967 to 1973 using copper but then it was changed to a different material with less expensive metal "copper-clad-steel". Because the cost of raw commodity - copper went up hence making a one cent coin more expensive than the price of 1sen. So in the year 1973 half of the entire mintage of 21,400.385 million pieces of 1sen coins were made by copper-clad-steel and copper.

 

For those "layman" who want to search for this 1976 1sen copper just use a magnet. The copper-clad-steel 1sen coin are attracted to magnet whereas the copper 1sen are NOT attracted to magnet.

 

Happy hunting !

KWONG WAH YIT POH 20th Novemeber 2013

Today your's truly (that's me) has appeared in Kwong Wah Yit Poh newspaper together with Mr.Lee from Picton Numismatics.

 (I'm the one on the left with Mr.Lee on the right.)

1969 milled edge

1969 milled edge



Happy reading !

MALAYSIA PARLIAMENT COINS

MALAYSIA Parliament coins are sizzling hot especially for UNC and BU condition only. Its Parliament series started from 1967 to 1988 that mean ranging from 46yrs to 25yrs ago. No interest was given to Parliament coins last three year ago, but came 2011 collectors started to take notice these coins were laggards compare with their peers - banknotes ! Malaysia 1st series banknotes starting from 1967 until 4th series 1983 banknotes are surging through the roof. Thereafter the Parliament coin series were much sought after by coin hunters.

Recently on 19 October 2013, a new record for the most expensive Malaysia circulation coins sold in Singapore auction (Numismatic Society Asia Auction at Landmark Village Hotel) a 1969 50 sen Milled edge coin sold for SGD4012 or RM10,253 (including buyer premium) was graded a low NGC MS55 (AU).

And not too distant ago in 29th Septemeber 2013 a 1969 50sen with Security Edge in UNC condition (non graded) was auctioned at MNS (Malaysiam Numismatics Society) in Kuala Lumpur for a realized price of RM2800.00 ! That is how hot you can feel and see in Malaysian numismatic scene.

And today I was extremely delighted to have received high grades for my Parliament coins from NGC. I sent 5 coins and came back with 3pcs MS67, 1pc MS66 and 1pc MS64. It is extremely tough to achieved MS67 grade.

 

 

 

 

 

 

Happy viewing !

MALAYSIA 1970 20 CENT PARLIAMENT SERIES COIN

This is the most sought after "the most important" key date by collectors in the Parliament coinage series, the 1970 20sen of having the least mintage of 1.054million pieces and was minted by Royal Mint UK. No doubt its mintage may seem huge but as for circulation coin it was considered the least mintage. Furthermore where can you find in BU condition after 44 years ? (as the time of posting this article 04/11/2013).

If you don't belief how rare to find a used or circulated 1970 20sen try breaking your piggy bank after years of "dumping" loose change into it. Tell me by commenting below how many pieces have you found ? Don't be disappointed if you can't find any (you are not the only person though). Make this a challenge for yourself since it is now school holiday season.

FYI, the Royal Mint UK have minted Malaysian coin in the period of 4 years from 1967 - 1970 thereafter it was minted by local our producer the Kilang Wang Malaysia.

Contact me if you're interested in this coin. You can either call me (for local Malaysian) or send me an email.