This one is the hottest commemorative coin issued by Malaysia Central Bank in recent years. Malaysia Day is celebrated on 16 September every year to commemorate the establishment of the Malaysian federation which comprises 11 states in Malaya and two states in Borneo, namely Sabah and Sarawak.
Collectors were seen queuing since 6pm the day before until the bank was open at 9.00am the next day for the sale of the coins. Within two hours everything were snapped up.
The proof set of 3 with mintage of only 500sets minted were the favourite of the collectors.
The single proof 1/4oz. (7.96gms) gold coin with mintage of 750pcs minted wasn't in high demand among the collectors mainly because of the high premium over spot (USD1320.00 per ounce, exchange rate RM3.30 = USD1.00) against the issue price RM1800.00. This single coin were deemed too expensive and over valued.
The proof set of 2 (silver & nordic gold) with the mintage of 1000pcs minted were clearly the favourite by the collectors and dealers. Dealers were able to flip with almost 100% profit on the secondary market immediately. And it was sold out within 30minutes of opening.
The proof single silver with the mintage of 10,000pcs were the first coloured silver coin and with .999 pure silver minted in one ounce (31.10gms) ever produced by Malaysia. Usually the silver coins come in 21gms and contains .925 silver for every commemorative issues. I was told that up to 5000 pieces of this silver coins was given as a gift to VIPs during a function held in Sabah & Sarawak (East Malaysia) on the 16th & 17th Sept 2013 by the Prime Minister to mark the occasion of Malaysia Formation Day celebration.
The Nordic gold coin or coin card with the mintage of 25,000pcs was the most popular among the young and amateur collectors as it was the cheapest entry level into this hobby of numismatics thus making everyone affordable to collect. And it was not surprising that it was sold out within two hours upon opening of sales. I was told that this coin card was also given as a gift to every attendees during the function in Sabah and Sarawak.
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