THE RETURN OF MAY SHIPMENT FROM NGC

Sharing with you guys the unboxing of May shipment from NGC / NCS received today 26th June 2015.

There are more Malaysian collectors are sending their coins to NGC and NCS currently as they have realize the important of coins preservation and conservation by NGC/NCS to preserve the lustre of your coins that will last for many years.

Every Malaysian coin collector knows the quality of the commemorative proof silver coins and nordic gold coins are dreadful (especially the nordic gold coins). Perhaps the planchet used are lower quality to mint the coins and after one year you could see a very faint white layer started to grow on the coin surface and some coins may have develop some white spots. These are symptoms of oxidization. If you ignore the symptoms the white spots will grow larger and soon cover the whole coin and it is too late for NCS to restore your coin back to its original condition.

Malaysian commemorative coins are of very low mintage from the year 2003 onwards and most of these coins are oxidized hence many collectors now are rushing to conserve these proof coins with the help of NCS service. There are very few that could achieve high grade of PF69 to PF70.

1976 Conservation proof series are highly sought after by collectors now because of the huge amount of interest in the gold proof  Cipan (Tapir) even though the silver proof has high mintage of 7500 sets of 2 but it has an international theme and was minted by Royal Mint U.K. (better quality compare with the modern issues).

I could remember very well during the issue of 2010 Jupem coins there were very few collectors want to keep this issue because it was not a popular theme and the design are awful but the mintage are extremely low only 200sets issued for set of 2. But after five years the scenario changed with the new Gen-Y collectors came in and start chasing all the low mintage coins and the price surged to unchartered territory.

Pefect score PF70 !!! Highly sought after by collectors.

These are extremely low mintage and considered extremely rare or rated as "RRR".

(Left) 2010 KTM mintage 300pcs, (Center) 2008 TUDM (Airforce) mintage 350pcs, (Right) 2009 Astronomy mintage 350pcs

PF69 trio and highly sought after by collectors.

These are extremely low mintage and considered extremely rare or rated as "RRR"

(Left) 2008 St.John mintage 350pcs, (Center) 2009 TLDM (Navy) mintage 300pcs, (Right) 2004 TAR mintage 200pcs.

2015 Asean Submit. I decided to send this latest commemorative coins set of 2 to NGC for grading now because i want to avoid sending to NCS later after a year.

ERROR COINS

These are very high grade of error coins belong to one of my client (Mr. Sapeli A.Malek) I was very surprise that these error coins could achieve such high grade. Congratulation to you. 

Happy reading.

Andrew

THE RETURN OF APRIL SHIPMENT FROM NGC

Just sharing with you the unboxing of the return of April shipment from NGC received on the 13th June 2015.

Malaysia commemorative proof coins are extremely hot due to its low mintages especially the set of 2 which have been collectors favorite and are affordable even for entry levels. It is very challenging to obtain high (PF70) grade for the nordic gold coins in the set of 2 thus making scarce in high grades.

 

3pcs with wrong labeling

1883 Queen Victoria 2pcs "Authenticity unverifiable"

NGC are very strict with "ancient coins" like Queen Victoria, British Trade Dollar, King George V. It is quite often to get "Authenticity unverifiable" from NGC.

NGC has made a mistake of mis-labeling the 3 pcs of silver coins and i got to return back the coins to NGC for correction.

Happy Reading.

Andrew

MNP AUCTION 14TH JUNE 2015 COMMENTARY

With the recent concluded MNP auction on the 14th June 2015 at Hotel Istana, Kuala Lumpur.
Everyone remembers MNP auction were famous for auctioning "solid numbers" with beyond imagination prices at its inaugural auction last year on behalf of BNM (Bank Negara Malaysia) and singlehandedly driven up all the prices of solid numbers banknotes to the unchartered territory.

Whereas for this time the items (banknotes) were consigned to MNP by collectors and not BNM.
Many solid numbers from the 11th series 2000 of RM1 with a reserve price between RM500 to RM1500, RM10 with a reserve price of RM700 to RM3000 and RM50 with a reserve price of RM900 to RM3000 lots were "passed" without a single bid.

Many collectors were left wondering comparing last year's MNP remarkable inaugural auction all the 12th series banknotes (current series 2012) were bidded from the lowest amount of RM2500 (ungraded) to the highest RM20,000 per piece (ungraded) were sold. How could a current issue 2012 12th series Zeti could fetch higher price then the 2000 11th series Zeti ? It doesn't make any sense in numismatics because generally speaking it should rightfully be the oldest banknotes fetch the highest price than the newest banknotes.

Ironically you can still find the 11th series solid numbers banknotes available in Ebay Malaysia priced between RM1000 to RM1500 of RM1 ungraded were priced lower but no buyers. The situation are very mind boggling i can't help but to think that MNP auction has created an artificial demand in the inaugural auction or the so called "feel good factor" on behalf of BNM last year.


Happy Reading,
Andrew