1967 RM1000 1st SERIES SA-RIBU SELLING FOR RM32,500 (UNGRADED)

The Star 26th Feb 2016

Just some high lights from the recent numismatics fair at Megamall, Penang - a single piece of RM1000 1st series 1967 bank note ungraded (however grade were not mentioned) are selling for RM32,500. The seller claimed the current retail price for this piece of banknote is almost doubled.

Monetarium auction 24th Oct 2014 

Mavin auction 14th Nov 2014

Let's look at the past auction results, during the Monetarium auction on 24th Oct 2014 for a single piece of SA-RIBU with 50EPQ AUNC asking for SGD21,000 but the lot was passed. Then comes the Mavin auction there were 2pcs of AUNC 55EPQ & 55 consecutive notes asking for SGD42,000 however the lot was passed without a single bid. Are the asking price too high ?

So question goes back to the above article from the seller Michael Chew asking price for just RM32,500 for and ungraded RM1000 SA-RIBU is it too cheap ?

However, collecting numismatics banknotes are certainly better than keeping money in the bank for sure.

Happy reading.
Andrew