MALAYSIA PARLIAMENT COIN BROKE RECORD !

Kwong Wah Yip Poh dated 6th Oct 2014

Once again two of our Malaysian Parliament coins has broken records for the highest paid in the recent concluded Collectibles Auction Asia in Singapore. The auction was held in Landmark Village Hotel, Singapore on the 4th Oct 2014.

The first record broken was the 1969 50sen Parliament coin Milled Edge (ME), NGC MS65 with a realized price of an astonishing RM81,846.00 ! (SGD28,000 + 15% buyer's premium = SGD32,200 X 2.54180 exchange rate = RM81,846.00).

And the second record broken was the 1970 1sen Parliament coin Copper Clad Steel (mintage less than 100pcs) sold for RM46,275.00. (SGD16,000 + 15% buyer's premium = SGD18,400 X 2.54180 exchange rate = RM46,275.00).



Please read here the previous auction for these two coins
( CAA auction 3/2014 )

Another 50sen Parliament coin 1967 NGC MS65 Milled Edge sold for RM7600.00 (included buyer's premium).


However there are also some dissapointments :-

1)Malaysia 1969 50sen Parliament coin Security Edge (SE) NGC MS62 sold for only a mere RM820.00 drastically fell from last year 29th Sept 2013 MNS auction record of RM2800.00 for a raw coin - NON GRADED !

Please read here the previous MNS acution for this coin
( MNS auction 29th Sept 2013 )

2)Malaysia 1971 10sen Parliament coin has cooled down from RM1600.00 for NGC MS66 to several Lot passed of the same grade without any bid. But there was a bid for a low grade 1971 coin graded by NGC "AU Details" for a mere RM295.00 only.


And as usual happy reading.

Andrew