MALAYSIA SILVER PROOF COINS

Just want to share with all of you to witness the unboxing from NGC of my silver coins received from Fedex recently.

19pcs graded NGC PF70 & 1pc graded NGC PF69

I'm very pleased to have achieved 19pieces perfect grade PF70 except for 1piece PF69. You should not take it for granted that all Malaysian proof coins will "automatically" achieve highest grade, you're recommended to screen through all coins before send them for grading. It is not easy to achieve PF70 as a slightest imperfection will down grade the marks.

Sending and receiving coins to and from NGC are very expensive due to the weight of the coins sending to the United States and doubled the weight once it was slabbed by NGC while returning back to you. Fedex cost from Penang to US is RM320.00 and the return from US to Penang RM600.00. Once the package arrived at Penang airport there are Customs Duties and Sales Tax total 17% of the invoice value i need to pay before the package can be cleared out and release from the airport customs department. On top of that there are insurance for the coins to be paid as too.

So all of these are unforseen charges need to be incorporated as cost into the individual coins and that was the reason for dealers to sell at high price once it was graded. Matter of fact the dealers does not earn so much as what you might think but because of the high cost incurred.  

Happy reading.

Andrew

MALAYSIA COMMEMORATIVE COINS

Collecting commemorative is all about mintages. However i find many of our own Malaysian commemorative coins and coins sets are too cheap to ignore ! Collectors doesn't realize the small mintage they carries versus the large pool of collectors in Malaysia and Singapore however i dont have the exact numbers of collectors for the two countries combined but given the fact that Malaysia's population of 28millions + Singapore's population of 6millions equal to 34millions. Assuming there are just 3% (percent) of collectors that work out to be 1.020million collectors for both countries combined.

The modern commemorative coins especially from 2003 to 2012 are extremely small in numbers issued by Bank Negara Malaysia (BNM). The single gold have the least mintage of all then follow by set of 3 (comprises of gold+silver+nordic gold) and Set of 2 (silver & nordic gold) and lastly single proof silver coins.

Generally the numbers issued for single silver proof coins are between 200pcs to 350pcs and the Set of 2 are between 150sets to 300sets only. Many collectors were unhappy and complaint to BNM for not able to get them because of the small numbers issued. Thus from 2013 onwards BNM increases the mintage to 1000pcs for silver coins and 750sets for Set 2.

Furthermore in 2013 BNM start to introduce colored silver coin with full one ounce with pure .999 silver from previous 25gms of .925 silver. The issue price have also increased by RM50.00 for that reason.

However the Set of 2 and single proof silver coins are the favorites because they are more affordable and the jump are the most incredible on the secondary market.

2003 LIMA set 2 mintage 300sets. Single silver mintage 300pcs only.

2006 Songket single silver 250pcs. Set 2 mintage 150sets only.

2004 100th Year of TAR single silver 200pcs. Set 2 mintage 300pcs only.

2007 50th anniversary of Merdeka single silver 200pcs. Set 2 1000sets only.

2007 Installation of Agong XIII single silver 200pcs. Set 2 300sets only.

2007 200th Year anniversary of Police Force single silver 350pcs. Set 2 200sets only.

2008 50th anniversary of RMAF single silver 350pcs. Set 2 200sets only.

2008 100th anniversary of St. John ambulance single silver 350pcs. Set 2 200sets only.

2009 International Year of Astronomy single silver 350pcs. Set 2  200sets only.

2009 50th anniversary of BNM single silver 400pcs. Set 2  3500sets many were given as gifts to VIPs.

2009 75th anniversary of NAVY single silver 300pcs. Set 2  200sets only.

2010 50th anniversary of Bungaraya single silver 400pcs. Set 2  600sets only.

2010 125th anniversary of JUPEM single silver 300pcs. Set 2  200sets only.

2010 125th anniversary of KTM single silver 300pcs. Set 2  200sets only.

2011 50th anniversary of WWF single silver 350pcs. Set 2  300sets only.

2014 40th anniversary Malaysia-China Diplomatic relations single silver 2000pcs. Set 2  750sets.

(Currently very hot issue !!!)

Hope that you are able to find what you are hunting for.

Happy collecting !

Regards,

Andrew

MALAYSIA 2014 40TH ANNIVERSARY OF MALAYSIA-CHINA DIPLOMATIC RELATIONS COMMEMORATIVE COINS

While the Malaysian numismatics slow down somethings are slowly heating up under the radar, that is the 40th Anniversary of Malaysia-China Diplomatic Relations commemorative coins issued on 27th June 2014. The set of 2 (proof silver coin & nordic gold coin) as always in high demand for every issues because of its low mintage of 750sets minted and has made some remarkable price jump especially for this issue followed by the single silver proof coin (1oz.) with 2000pcs minted and the set of 3 (gold (7.96gm) + silver + nordic gold coin).

Set of 2 and Single silver proof coin

Set of 3

The current market price for the Set of 2 is around RM650-RM700 and Single silver proof coin is RM350-RM380.

Set of 3 graded by NGC PF69 for all 3 pcs

Based on the past result from the MNS auction 161 on 28th Sept 2014 exactly after 3 months from the date of issuance the realized price for the set of 3 is RM3400 (issue price RM2100.00) with mintage of 750sets minted. The performance was astounding due to strong demand particularly for this series.

One important trend that become more pronounced in 2014 is the proliferation of colored proof "one full ounce" silver coins and exquisite details that makes it attractive to collectors.

Many dealers are accumulating a.k.a. hoarding this series as it yields high prices to the chinese collectors in China.  

There aren't many available stocks left in the market place if you are searching for it.

Happy hunting !
Andrew

MALAYSIA 1972 RM100 "Z/1" ISMAIL ALI "ERROR" REPLACEMENT BANKNOTE

Happy New Year 2015 to all the readers of my blog and i hope you have enjoyed your well deserved holidays with your loved ones.

Well this is my first article for year 2015 and i will feature an extra ordinary piece of extremely rare bank note to kick start the year.

A replacement banknote are meant for replacing a banknote that are printed in error at the stage of printing. But have you seen an obvious printing error occurred on replacement banknote itself ?

Therefore in this week article i shall feature an extra ordinary rare replacement error banknote from the Malaysia second series 1972 Ismail Ali RM100 "Z/1". The note itself are considered rare and coupled with printing error on it's back thus making it extremely scarce with only one piece in existent ever known.

However the condition of the note is in "EF" condition with few folds but original splendour - non wash, non press/iron, no pin hole, no tear and NO BULLSHIT !.

Happy reading.

Andrew