1986 RM20 JAFFAR HUSSEIN STACK

Currently everyone has gone bonkers over graded banknotes and coins and are competing on grades with each other. As i have mentioned before on my previous post that Malaysian numismatics has evolved and the Gen-Y collectors are demanding high quality stuffs for their collection unlike those days of our fore fathers. The atmosphere of collecting has changed and even the "old-timer" dealers are "panic" seeking and buying for graded banknotes/coins to keep for their inventory otherwise they themselves will be "phased" out too.

Now every dealers are looking to buy banknotes in "stacks" or hundred pieces because this is the only way able to achieve high grades. Nowadays it is not cheap to buy in stacks to keep for your inventory and it will cost you a fortune or the price of a house or an apartment. Try to imaging how much it would cost you for a stack of 1961 $10 Malaya and British Borneo (red buffalo) and a stack of 1999 RM1 Ali Abul Hassan (prefix CR). 

Hence for myself to keep abreast with time and demand from buyers i will be sending this pristine stack of RM20 1986 Jaffar Hussein prefix "TG" to PMG for grading. This banknotes was printed by Thomas De La Rue, UK.

I'm keeping my finger crossed to obtain high grades from PMG.

Happy reading.

HOW MUCH ARE YOU WILLING TO PAY ?

How do you define a fair value if you want to buy a certain things be it banknotes, coins, gold coins and other numismatics stuffs ? Of course everyone would like to buy below market price or below catalogue price. But that is not necessarily the best method to gauge your buying strategy.

Just to give you one example, back in 2010 there was one collector who refused to buy the 50th Anniversary of Independence (Merdeka Goldline) for MYR350.00 each because the market price was around MYR320.00 during that time. So he was looking to buy below the market price between MYR280.00 to MYR300.00 and he criticized the seller of trying to rip him off so he didn't buy any.

Then in the following year 2011 he was still on bargain hunting for the Merdeka Goldine. During that time the market price shot up to MYR450.00 and he was offered by the same seller at the price of MYR480.00. He again turned down the seller and refused to buy at that price because he was searching for a bargain price at between MYR400.00 to MYR420.00 and once again he criticized the seller of wanting to rip him off hence he didn't buy any at all as he was fed up that he couldn't find any at his desire price.

2007 50th Anniversary of Independence (Merdeka Goldline)

Now at the time of writing this article the price of the 50th Anniversary of Independence (Merdeka Goldline) has shot up to MYR1200.00 for 2 zeroes (raw ungraded) and MYR1800.00 for 3 zeroes (raw ungraded).

Today the same collector is currently still searching to buy at MYR800.00 for 2 zeroes and MYR1200.00 for 3 zeroes. He has said he "doesn't mind" to pay MYR800.00 for 2 zeroes !

So sometimes it does not matter to pay a little higher even above the market price to obtain the item, otherwise you will miss the boat. Don't worry on the higher price you have paid now eventually the price will catch up and exceeded your cost in the foreseeable future.

The same goes for the 1961 $10 Malaya and British Borneo (Red Buffalo) and etc....

If you think your fate is similar like the above "one collector" you ought to change your buying pattern/strategy and dont make the same mistake or miss the boat.

"Time and tides waits for no one"


Happy Reading !

1961 $10 MALAYA AND BRITISH BORNEO PMG 65EPQ SOLD FOR MYR10,815.12

The 1961 $10 Malaya & British Borneo banknotes or "Red Bufffalo" are really red sizzling hot ! As i have said before on my previous post (below) that collectors does not hesitate to pay top dollar for a nice piece of high grade UNC.

And this has proven i was correct. There was a piece of the "Red Buffalo" graded by PMG 65EPQ was auctioned on Ebay US and the auction has ended today morning (Malaysia local time 6.28am) with a realized price of USD3338.00 X 3.24exchange rate = MYR10,815.12 + USD40.00 shipping cost X 3.24exchange rate = MYR129.60 with 43bids and the seller were from New Hampshire,US. This piece of banknote was the common type of "Small serial number" and was less expensive compared with the scarcer ones such as "B" prefix variety and "Large serial number" variety.

There are total of 241 pieces were graded by PMG as of today with 13 pieces for 65EPQ and 1 piece for 66EPQ is the highest graded thus far.

With the record breaking prices i expect more collectors to send for grading and more "Red Buffaloes" will come out for sale in the near future.

Happy Reading !

1961 $10 MALAYA & BRITISH BORNEO PAIR

Currently the 1961 $10 Malaya and British Borneo locally known as Red Kerbau (red buffalo) are sizzling hot among collectors. The price has been sky rocketing lately and breaking new highs every time when there are nice UNC piece condition up for auction.

Well i also have a pair of consecutive numbers in AUNC (1piece) and UNC (1piece) condition but with slight foxing and i will be sending this pair to PMG for grading.

Besides this red kerbau pair i will also be sending some Straits Settlements banknotes in the era of King George V 1935 reign to PMG for grading as well. 

Happy viewing !