2007 2008 RM50 50TH ANNIVERSARY OF MALAYSIA INDEPENDENCE (MERDEKA GOLDLINE) 4 ZEROES AA0000 XXX

These are my collection of 2007 2008 RM50 Merdeka Goldline of 4 zeroes that are very scarce extremely hard to find. There are only 899 pieces available for 4 zeroes in the front of the serial number out of the total mintage of 20,000 pieces issued by BNM (Bank Negara Malaysia) to commemorate the 50th Independence of Malaysia in 2007.

All graded as PMG 67 EPQ

Happy Viewing.

Andrew

RM1 ZB AND RM5 ZB REPLACEMENT NOTES REVISIT

Amazingly the current price of 2012 RM1 Zeti "ZB" replacement note surged to RM700.00 each thus prompting me to review this banknote that i have blogged before please click on the link here ( RM1 ZB ).

Serial no. ZB 0134990

The reason for its rise attributed to scarcity despite the huge mintage of 134,990 pieces issued last year 2013 before Hari Raya Adilfitri. Many claimed it did not came out in a stack of 100pcs but only few pieces was slotted in between stack if you're lucky to find it.

However while i was browsing the web last night and i came across a photo of RM1 ZB in a stack of 100pcs from another blog (as picture shown below).

Does that mean stacks of 100pcs do exist from BNM (Bank Negara Malaysia) that not many people was aware off but only very few people knew about it and was being hoarded or cornered by them since it has low face value of only RM1.00 thus making it very easy to hoard ? And once the price is high it will come out slowly to the market with gradual controlled release only on low serial numbers (of course). This will artificially manipulate you to believe that the mintage was low with "2 zeroes" on the front but in reality it was not ? Well this is only my hunch and I let YOU be the judge.

However the currently price of 2012 RM5 Zeti "ZB" replacement note was consolidating at RM68.00 as at today but before it shot up to RM80.00 two months ago despite having low mintage of 60,000 pieces compare to RM1 ZB. 

The RM5 ZB came out in stacks unlike the RM1 ZB. Could it be because it was not being targeted to hoard because of its higher face value and it takes five times more capital to be hoarded ?

Please tell me your thoughts.

Happy reading.

Andrew 

MALAYSIAN NUMISMATIC COLLECTORS ARE SPECULATORS

Latest update : 13th Aug 2014

Two pieces of RM5 "ZC" was on auction on Ebay Malaysia and just ended with realized price of RM10.25 each and RM10.75 each with 5bids and 6bids respectively.

So by now you should know where you stand in the speculation chain don't you ?




Date : 11th Aug 2014

Generally speaking Malaysian numismatics collectors are pure speculators and they are not collectors at all. Majority of them like to speculate on replacement notes akin to buying penny stocks in the stock exchange and hoping to make quick bucks.

The most recent replacement note which came out to the market was the RM5 prefix "ZC" replacement just days before the Hari Raya Adilfitri on 28th July 2014. The price was sold at RM80.00 per piece (with ordinary serial numbers nothing special) and today at the time of writing the price fell to RM18.00 per piece just barely 2 weeks.  Modern replacement notes carry no numismatics value and the prices are solely base on "demand and supply" and once the demand vanishes so as to the price.

Many collectors like to speculate on replacement notes because they hope to make fast money but not everyone are so lucky. Obviously the last person in the speculation chain will lose out and first person on top of the chain will gain the most. Not everyone could be on top of the chain one must have good relationship with the bankers to receive the supplies with the lowest cost possible close to the face value of the banknotes. Usually these bankers work on "buddy-buddy" system with the dealers and both parties need each other.

Most dealers don't have much numismatics banknotes/coins (eg :- Straits Settlements, Malaya, Sarawak, British borneo and etc.) stocks left in their inventory and it is not easy to replenish your stocks once you have sold them and this dilemma are faced by every full time dealer. But then they still have their monthly commitments and cost to cover and they need to sell something to make profit, therefore to trade replacement notes is a best way to make fast money as there are frequently new replacement notes were issued in a year.

Whereas for collectors the approach are different like myself and time is not against us but time is on our side in contrast, if i don't sell anything in a year i still live happily and my life style still maintain. However i do have an ebay store to sell my excess stocks and to make some profit and so that i could use the money to expand and upgrade my personal collections.

I consider myself to be 70% collector and 30% seller. How about you ?

Happy reading.
Andrew

STRAITS SETTLEMENTS, MALAYA AND BRITISH BORNEO, MALAYA AND BRITISH ADMIN BOARD OF CURRENCY

Straits Settlements 1935 $1 KGV PMG 64  EPQ

There is nothing special about this banknote from the era of Straits Settlements but its "EPQ" designation from PMG make it stand out. It is extremely difficult to obtain EPQ for any Straits Settlements banknotes because of its "old age" and coupled with the tropical climate in Malaysia making it almost impossible to keep its condition pristine. You can only find the good ones from collectors in the United Kingdom. One must remember that once our forefathers were laborers mostly working in tin mines or as farmers with very low salary and could not afford to keep these banknotes as "collection" in their album (there was no such album existed).

This banknote was instantly sold when i listed it on Ebay Malaysia. The buyer bought from me without hesitation because of its rare "EPQ" designation.

Malaya & British Borneo 1953 $100 QE II PMG 30 NET

I couldn't afford to collect the 1953 $100 QE II in "UNC" condition hence i have to satisfy myself with VF condition as a consolation until the day come when i'm ready for an upgrade.

Malaya British Administration 1940 $10 (purple colour) KGVI PMG 20 NET 

This banknote was issued on 1940 before it was phased out by new currency in 1941 (red colour) hence making it very scarce and much sought after by collectors.

The first notes consigned by the Board of Commissioners of Currency Malaya were for the value of $1, $5 and $10 and dated 1st January 1940. Of these issues, a large quantity of $1 notes (1940 Green colour) and $5 notes (1940 blue colour) was despatched to Malaya before the Japanese invation on 8th December 1941 but were all seized by the Germans. 

When British forces reoccupied Singapore in Septemeber 1945, they found all the abandoned notes of this series (1940 series) except for a bundle of one thousand of the notes captured in Penang, in the vaults of the Japanese sub-treasury. Nevertheless, all stocks were destroyed in 1946, as it was feared that the notes seized by the Germans might be handed over to their Japanese allies, ready to be passed into circulation when the notes became current. There is no evidence of these notes ever reaching Malaya. During the Japanese Occupation, the Japanese government issued the famous banana notes to replace the Malayan dollar as legal tender.

British forces landed at Penang and Singapore on 3rd Septemeber 1945 and gradually reoccupied the whole of Malaya. It was decided that no value should be accorded to the Japanese banana money.

However the $10 1940 (purple colour) was uncompromised and eventually went into circulation after the war and remained legal tender until it was phased out by the new currency - 1941 $10 KGVI red colour. This banknote was in circulation for only a year.

Happy reading !

Andrew