KWONG WAH YIT POH 10th December 2013

Here I am appearing in Kwong Wah article today whole page.

Happy Reading !

IMPORTANT KEY DATES FOR MALAYSIAN NUMISMATICS, GRADED COINS AND BANK NOTES PART 1

Many newbies (new collectors) have similar questions in their mine. What to buy be it banknotes, coins or gold coins. Certainly you can't buy "everything" from the first year of issue till today. But some useless "junk" today may turn out to be "precious gem" in future.

Some commemorative issue price have surge sky high whereas some are stagnant. Let's look at the factors that drove the prices upwards.

1)Mintage - the least number of issue (Key Dates)

2)Popularity - even though the mintage aren't the lowest but the commemorative are popular.

3)Errors - in minting / manufacturing

* I will elaborate on each category for Bank notes, Coins and Gold Coins on my next posting.


Many newbies did not actually know what they are buying, they tend to believe what the seller tell them. Many unscrupulous dealers tend to over grade their items and sell them at higher price to the unsuspecting newbies.

Some banknotes are "washed" and "pressed" and claimed they are "UNC" condition and were selling them at exorbitant prices. Some notes have some faint fold due to counting marks or rounded edges (four corners) still claimed to be UNC. Some may have yellow stains due to foxing or aging are still graded as UNC. These are some of the examples of "over grading" by unscrupulous dealers.

If you can't distinguish the difference between the original banknotes and "modified" (washed and pressed) banknotes please refrain from buying until you have learn the know-how. But on the safest side you can still protect yourself by buying only "graded" banknotes or coins by world recognized third party grading company "NGC" & "PCGS" (for coins) and "PMG" & "PCGS" (for banknotes).

Of course there are price difference between graded and non graded banknotes and coins. When you decided to sell your collections (graded ones) you will be rest assured the demand are more even from foreign collectors and the price are higher compare with the non graded ones.

Examples of graded coins and banknotes as below :-

1st Series 1967

An Exceptional Paper Quality (EPQ) note is, in the opinion of PMG graders, original and has not been physically, chemically, or materially processed to lend the appearance of a higher grade. 

 

1999 10th Series Ali Abul Hassan centre signature "ZA" replacement note.

An Exceptional Paper Quality (EPQ) note is, in the opinion of PMG graders, original and has not been physically, chemically, or materially processed to lend the appearance of a higher grade. 

Very tough to achieve the grade of MS67 (Mint State) and is considered as Brilliant Uncirculated (B.U.)

Malaysia Parliament Coin series in NGC Edge View "new" holder

 

Malaysia Tapir .900 gold coin PF69 (Proof) in NGC "old" holder

 

Reverse

 

 

China pure .999 gold coin PR69 (Proof) graded by PCGS

 

 Reverse

 

China 1923 5 Yuan Provincial Bank Honan Tientsin Rainbow Technicolor graded by PCGS 66PPQ. The definition of PPQ is similar with EPQ by NGC

 

Reverse

 

For those who want to send your collection for grading, you are recommended to personally deliver to Mavin Singapore (authorized agent for NGC,PMG and PCGS) and let them send your collections to these three grading companies of your choice located in the Unites States on your behalf.

MALAYSIA 1976 1SEN COPPER

Obverse

It was another record sale for the 1976 1sen with an error planchet that made of copper. It was recently auctioned on Ebay US with a realized price of USD2975.00 or RM9371.25 (exchange rate 3.15 = USD1.00) on the 10th November 2013 with 29bids.

Reverse

 

 

NGC population report

 

There were only four pieces achieved the highest grade of MS66 RD (Red) according to the NGC population report thus far.

On 27th March 2013, the exact same coin but with one rung lower of MS65 RD (Red) graded by PCGS was auctioned by Singapore Monetarium Auctions with a realized price of SGD3017.30 or RM7694.11 (exchange rate 2.55 = SGD1.00) inclusive of buyer's premium and GST in Singapore.

 

According to Steven Tan's catalogue it was stated that there were no more than 100pcs minted.

 

Steven Tan catalogue

 

So what's so special about this 1sen 1976 copper coin ? It was an error planchet material used. The correct metal should be copper-clad-steel.

 

FYI, the 1sen coin was minted from 1967 to 1973 using copper but then it was changed to a different material with less expensive metal "copper-clad-steel". Because the cost of raw commodity - copper went up hence making a one cent coin more expensive than the price of 1sen. So in the year 1973 half of the entire mintage of 21,400.385 million pieces of 1sen coins were made by copper-clad-steel and copper.

 

For those "layman" who want to search for this 1976 1sen copper just use a magnet. The copper-clad-steel 1sen coin are attracted to magnet whereas the copper 1sen are NOT attracted to magnet.

 

Happy hunting !

KWONG WAH YIT POH 20th Novemeber 2013

Today your's truly (that's me) has appeared in Kwong Wah Yit Poh newspaper together with Mr.Lee from Picton Numismatics.

 (I'm the one on the left with Mr.Lee on the right.)

1969 milled edge

1969 milled edge



Happy reading !

MALAYSIA PARLIAMENT COINS

MALAYSIA Parliament coins are sizzling hot especially for UNC and BU condition only. Its Parliament series started from 1967 to 1988 that mean ranging from 46yrs to 25yrs ago. No interest was given to Parliament coins last three year ago, but came 2011 collectors started to take notice these coins were laggards compare with their peers - banknotes ! Malaysia 1st series banknotes starting from 1967 until 4th series 1983 banknotes are surging through the roof. Thereafter the Parliament coin series were much sought after by coin hunters.

Recently on 19 October 2013, a new record for the most expensive Malaysia circulation coins sold in Singapore auction (Numismatic Society Asia Auction at Landmark Village Hotel) a 1969 50 sen Milled edge coin sold for SGD4012 or RM10,253 (including buyer premium) was graded a low NGC MS55 (AU).

And not too distant ago in 29th Septemeber 2013 a 1969 50sen with Security Edge in UNC condition (non graded) was auctioned at MNS (Malaysiam Numismatics Society) in Kuala Lumpur for a realized price of RM2800.00 ! That is how hot you can feel and see in Malaysian numismatic scene.

And today I was extremely delighted to have received high grades for my Parliament coins from NGC. I sent 5 coins and came back with 3pcs MS67, 1pc MS66 and 1pc MS64. It is extremely tough to achieved MS67 grade.

 

 

 

 

 

 

Happy viewing !

MALAYSIA 1970 20 CENT PARLIAMENT SERIES COIN

This is the most sought after "the most important" key date by collectors in the Parliament coinage series, the 1970 20sen of having the least mintage of 1.054million pieces and was minted by Royal Mint UK. No doubt its mintage may seem huge but as for circulation coin it was considered the least mintage. Furthermore where can you find in BU condition after 44 years ? (as the time of posting this article 04/11/2013).

If you don't belief how rare to find a used or circulated 1970 20sen try breaking your piggy bank after years of "dumping" loose change into it. Tell me by commenting below how many pieces have you found ? Don't be disappointed if you can't find any (you are not the only person though). Make this a challenge for yourself since it is now school holiday season.

FYI, the Royal Mint UK have minted Malaysian coin in the period of 4 years from 1967 - 1970 thereafter it was minted by local our producer the Kilang Wang Malaysia.

Contact me if you're interested in this coin. You can either call me (for local Malaysian) or send me an email.

MALAYSIA COMMEMORATIVE $1 COINS FROM 1969 - 1987 SET OF 16 PIECES

This complete set of denomination of $1 (Ringgit) comprises of 16 pieces in BU condition are difficult to collect in similar condition but it was not as rare as the silver proof version. The first coin was issued in 1969 in the span of 18 years to 1987, it was made of copper-nickel for BU composition and there're also proof set issued in .925 silver with the mintage of 1000 sets only.

Weight : 16.80gram to 17.00gram each coin
Diameter : 33.40mm
Thickness : 2.45mm
Minted by : The Royal Mint UK & Franklin Mint USA

Below here are the chronology of years of issues :-

1969 : 10th Anniversary of Bank Negara Malaysia
1971 : 1 Ringgit Copper Nickel
1972 : Kuala Lumpur City
1976 : 25th Anniversary of EPF
1976 : 3rd Malaysia Plan
1977 : 9th SEA Games
1977 : 20th Anniversary of Independence
1977 : 100th Anniversary of Rubber
1979 : 20th Anniversary of Bank Negara Malaysia
1980 : 15th Century of Hijrah - 1401 Hijrah
1981 : 4th Malaysian Plan
1982 : 25th Anniversary of Independence
1986 : 35th Anniversary Conference of PATA
1986 : 5th Malaysia Plan
1987 30th Anniversary of Independence