MALAYSIA 2015 ASEAN SUBMIT NEW COINS ISSUE 27TH APRIL 2015

This is the first 10-sided polygon shaped coin with coloured images on both sides and the flags of the ten ASEAN countries are depicted circling the centre of the coin and this is the most beautiful coins ever produced by BNM thus far.

The mintage of this issue are exceptionally high because Malaysia as the chairman of Asean are giving away as gifts to the visiting foreign delegates from ten asean countries that came for the submit in Kuala Lumpur.

The mintage for this issue are :-

1)Single gold : 500pcs (remain the same)
2)Silver coloured proof : 5000pcs (increase from 2000pcs)
3)Set of 3 : 2000sets (increase from 750sets)
4)Set of 2 : 2000sets (increase from 750sets)
5)Nordic gold coin card : 25000pcs (remain the same)

Nordic gold coin card

Nordic gold coin card

Many collectors include myself love the design especially the coloured proof silver coin very much, however the coin/banknotes dealers were hesitated to buy their normal quotas considering the high mintage.

BNM Penang @ 5.45am not a single soul (image courtesy by Lee Boon Beng). 

The above picture speak a thousand words. There are not a single person queuing up in front of BNM Penang at 5.45am this is an unbelievable scene. For every new issues people starts to queue up from 3.00pm the day before until the following day 9.00am when BNM open for business. This was how crazy the collectors are through out Malaysia where BNM branch are located.

BNM has significantly increases the mintage for the new issues from 2009 onwards due to the overwhelming demand from collectors. Now everyone wonders is this the new normal of higher mintage coming from BNM for future issues ?

Another worthy point to ponder, how many sets are left to the public after deducting the gifts to those foreign delegates and our own Malaysian government officials, BNM and museum archives ?

For those dealers that refrained from buying this issue considering the high mintage and are afraid the price would not rise perhaps you're right or maybe you're wrong. Well, only time will tell.....

Happy Reading.

Andrew

PENANG BANKNOTES & COIN FAIR 25TH & 26TH APRIL 2015

The Penang coin fair at Komtar was organized by SP Xinxiaolang by the organizer Mr. Bert Chang and Khoon Huat Lim. This was the first and the largest coin fair ever held in Penang over the weekend. It was deemed successful with over 6000 people young and old from all walks of life attended the fair with over forty one dealers. Penang is just a small economy and having 6000 people attended the fair considered very commendable. Normally large banknotes and coin fairs are held in big economy place like in Singapore and the capital Kuala Lumpur where the power of "disposable income" of the financial standing per capital basis are strong.

On the first day of the fair many have complained the air-conditioning was not cold enough and was too hot and humid as it was too crowded throng with people and it was immediately rectify by adding a powerful air cooler on the back end. Another suggestion by most of the dealers are to have a larger bourse table hence they could display more items.

The key to the success attributed to the well-known dealers from as far as West Malaysia to the south of Malaysia - Singapore. It also attracted the attention of print media where it provide wide publicity coverage to the general public.

List of well known dealers

Master Saran Singh was among the crowd (image courtesy by Boson Goh)

The love birds 

Who's that guy ?

Some activities are going on literally behind the fair. The price here are cheaper than "the other side".

Hopefully the fair will be bigger next year. 

Congratulations and well done to the organizers - Mr.Bert Chang and Khoon Huat Lim.

Happy Reading,

Andrew

COLLECTIBLES AUCTION ASIA # 5/2015 IN SINGAPORE PART 2

Part 2 on Malaysia Banknotes

Exchange rate : SGD1.00 = RM2.70
Buyer's Premium : 15% for live bid & 18% for internet bid
Singapore's GST 7%

I'm now highlighting those Malaysia paper money that worth to take a second look. However for the general market as a whole the Malaysian paper money market are still in consolidating mode and prices are remain weak whereby many lots passed without a bid, these shows collectors are less enthusiast on paper money.

Besides the gloomy picture comes a few silver linings where those laggards are now slowly rising. This is like a rotational play that shows collectors had change focus.

SGD240 + 15% BP + 7% GST

SGD150 + 15% BP + 7% GST

SGD440 + 18% BP (internet bidder) + 7% GST

SGD420 + 18% BP (internet bidder) + 7% GST

SGD1900 + 18% BP (internet bidder) + 7% GST

SGD600 + 15% BP + 7% GST

SGD60 + 15% BP + 7% GST

Enjoy your reading.

Andrew

COLLECTIBLES AUCTION ASIA # 5/2015 IN SINGAPORE PART 1

Part 1 Malaysia Commemorative coins

Exchange rate : SGD1.00 = RM2.70
Buyer's Premium : 15% for live bid & 18% for internet bid
Singapore's GST 7%

The recent concluded Collectibles Auction Asia # 5/2015 on 18th April 2015 in Singapore saw the rise of Malaysia Commemorative proof coins. Many times i have mentioned on my previous posts that our Malaysian commemorative proof coins were under valued and are laggards compare with the Parliament circulation coins. I hope you have heed my advice and have bought earlier before the start of the rise.

Now it seems that the collectors are starting to realise how rare was our commemorative coins are and so inexpensive compare with Singapore's commemorative coin issues.

In numismatics you must have a good foresight to know what is coming next and immediately buy first and hedge against the future before the rise.

I'm now highlighting a few of the commemorative coins which stands out.

SGD650 + 18% BP (internet bidder) + 7% GST

SGD1200 + 15% BP + 7% GST

SGD320 + 18% BP (internet bidder) + 7% GST

SGD240 + 18% BP (internet bidder) + 7% GST

SGD12,000 + 15% BP + 7% GST

SGD300 + 18% BP (internet bidder) + 7% GST

SGD3200 + 18% BP (internet bidder) + 7% GST

SGD1000 + 15% BP + 7% GST. "VARIETY 3"

SGD2200 + 18% BP (internet bidder) + 7% GST.

Malaysia, 1967, Official Proof set of 5pcs. All graded by NGC: 1 sen, PF 63 BN; 5 sen, PF 63; 10 sen, PF 64; 20 sen, PF 61; 50 sen, PF 61. Mintage 500 sets

SGD260 + 15% BP + 7% GST

SGD650 + 15% BP + 7% GST

SGD440 + 15% BP + 7% GST

SGD300 + 15% BP + 7% GST

SGD150 + 15% BP + 7% GST

I will continue with more highlights on Malaysia banknotes, Malaya and Strait Settlements banknotes on my next posting.

Happy Reading,

Andrew

SINGAPORE COMMEMORATIVE COINS VERSUS MALAYSIA COMMEMORATIVE COINS

Singapore is issuing its latest commemorative coins on 28th May 2015 to mark its 50th Independence (Merdeka).

Set of 3 price SGD1100.00, mintage 500sets

Single silver 1oz. price SGD133.00, mintage 15,000pcs

Single Cuorpo-Nickel BU coin price SGD28.00, mintage : On Demand (unlimited)

Single gold 1/4oz. 999.9 pure gold (7.776grams) price SGD890.00, mintage 2000pcs

Commemorative coins last issued by BNM

Set of 3 price RM2100.00, mintage 750sets

Set of 2 price RM250.00, mintage 750sets

Single proof 1oz. silver price RM200.00, mintage 2000pcs

Single proof 99.99 pure gold 1/4oz. (7.96grams) price RM1800, mintage 500pcs

Nordic god coin price RM10, mintage 25,000pcs

Just comparing the prices and the quantity issued by MAS (Monetary Authority of Singapore) versus BNM (Bank Negara Malaysia) last issued in 2014.

In term of pricing and mintages between these two central banks there are vast different. And now let's compare the population of Singapore of 5.47million people (latest survey done in 2014) against Malaysia population of 30.644 293 million people (latest survey done in 1st Jan 2015). 

Furthermore Singaporean collectors are also collecting our Malaysian commemorative coins. Do you still think our commemorative coins mintages are high ?

Let me simply put it to you our Malaysia commemorative coins prices are too "cheap' comparing with it's low mintage. 

Malaysian collectors tend to have the herd mentality always like to chase up the price when they are too late. So you're advised to buy first before the supply are depleted.

Happy collecting.

Andrew