THE EMERGENCE OF FAKE "CR" 1999 RM1.00 10TH SERIES ALI ABUL HASSAN

Not "if" but "when" was the question of the the emergence of fake prefix "CR" RM1.00 will surface in the market ? You dont have to wait for long and now you have the answer.

It was issued in the year of 1999 by the then governor Ali Abul Hassan of Malaysia. Fake numismatics items will emerge be it coins or paper money once the price is high and just becareful of what you buy especially those ungraded ones. There are many high quality fake items emerged in the market and you can't hardly tell the differences unless you're very well verse in knowledge because of the availability of high tech equipment to make them.

These are the screen shots taken from MUDAH Malaysia another e-commerce platform (similar to ebay) from the seller's page. He/She was selling these fake "CR" solid # 4 and low number # 8.

The genuine serial number was issued from CR 7200000 to CR 7250000 and there were 50,000 pieces issued unintentionally by Bank Negara Malaysia and released to commercial banks for circulation but were too late to retrieve back from the public. It was reported the bank released the CR was from Bukit Mertajam, Penang.

It is wiser to buy graded coins/banknotes to eliminate any doubts you might have in your collections.

This will be my last post before Hari Raya Puasa and i would like to wish all my muslim friends "SELAMAT HARI RAYA AIDILFITRI" on 28th & 29th July 2014 and drive safe during "balik kampung" and to those non muslim friends "HAPPY HOLIDAY" !   

Happy reading.

Andrew

WHERE DO YOU WANT TO PUT YOUR MONEY ?

Revised on 2nd May 2014.

Regret for not updating my blog after 2 weeks as i was quite busy with preparation of my personal and company income tax submission.

There are many (average) collectors were asking for advice what items to buy ? So i decided to put it systematically for you to have a clear perspective on where to put your money.

The current high profile numismatics items that collectors are busy chasing after are :-

1)1999 10th Series Ali Abul Hassa RM 1 Prefix "CR" (unissued)

2)1971 10sen Parliament coin

3)2007 12th Series Zeti Aziz RM50 50th anniversary of Malaysia independence

These three items are currently the most sought after by collectors.


1)1999 10th Series Ali Abul Hassa RM 1 Prefix "CR" (unissued). Mintage estimation 50,000pcs unintentionally released to commercial banks for circulation but were too late to retrieve back from the public. The serial number found were from CR 7200000 to CR 7250000.

Based on KN Boon 7th edition catalogue it was priced as RM3500.00 (UNC raw ungraded). For this graded piece 67EPQ the market price is around RM8000.00 - RM8500.00

2)1971 10sen Parliament coin. Mintage 32,236pcs minted.

Based on KN Boon 7th edition catalogue it was priced as RM500.00 (UNC raw ungraded) & RM800.00 (BU raw ungraded) respectively. However the current market price for this piece graded MS66 is around RM1500.00

3)2007 12th Series Zeti Aziz RM50 50th anniversary of Malaysia independence. Mintage 20,000pcs issued.

Based on KN Boon 7th edition catalogue it was priced as RM950.00 (UNC raw ungraded). And here is the current market price as follows :-

1)Prefix AA 00 XXXXX (2 zeroes) = RM900.00 (UNC raw ungraded) and RM1800.00 for 67EPQ

2)Prefix AA 000 XXXX (3 zeroes) = RM1500.00 (UNC raw ungraded) and RM2500.00 for 67EPQ

3)Prefix AA 0000 XXX (4 zeroes) = RM ?

4)Prefix AA 00000 XX (5 zeroes) = RM ?

Since i have high lighted the most sought after by collectors and i will also be fair to high light the most laggard and ignored by collectors.

2012 12th Series Zeti Aziz Premium set of 6 pieces from RM1 to RM100 (all denomination) with same prefix and serial number. Mintage 50,000 sets issued. Issue price RM300.00

Based on KN Boon 7th edition catalogue it was priced as RM400.00. But the current market price is between RM300.00 to RM350.00. Currently Bank Negara Malaysia still have some stocks left for sale till today at issue price.

This set was deemed the best set ever issued by Bank Negara Malaysia with its complete denomination from RM1 to RM100 with all same prefixes "AA" and serial numbers in one set. And many dealers had hoarded this set at very much higher price around RM400.00 to RM500.00 each set when it was launched to the public and the market price quickly surged to RM800.00 during the initial launching period.

Many dealers were caught at higher cost and some were seen to have cut-losses.

When will this Premium set price start to move up ? I do not know the exact time frame but based on history of the past commemorative banknotes with limited mintage like the RM50 50th anniversary of Independence of Malaysia it took 6 years (from issued date in December 2007) to 2013 to inch up slowly and then accelerated in 2014 this year. 

So if you take another 6 years for this Premium set to start moving up it will be in 2018 !

Where do you want to put your money ? It is all depending on your "holding power".

Editorial note : the prices quoted above are valid at the time of writing this article.

Happy Reading !