This morning seems to be very happening at Bank Negara Sasana Kijang, the road pass by the Sasana Kijang normally have little traffic but you can see cars starting parking road side and the number of people are building up from as early as 7am, any special occasion for today, yes, it is the retail sale for the RM60 Commemorative Banknotes and also 2 other types of Nordic Gold Coin.
Today most people are targeting the RM60 Commemorative Banknotes, it seems member of public are very excited on this issue until we noted that the one who q at the first place is actually waiting from 3am, and the retail sale is actually only start at 10am.
To recap of the story of this issuance, Bank Negara Malaysia (BNM) first announce on this Commemorative Banknotes on the 14th December 2017, which they have 3 types of it, single piece of RM60, 3 in 1 uncut of RM60, and the world largest banknotes of RM600, which open for balloting application and to be collect at various branches of BNM.
Details of the issuance price and issuance quantity can be found here.
The first batch of successful applicant under the balloting process is been inform to collect their Banknotes from 25th January 2018 to 28th February 2018 in various BNM branches which they selected during their application, the balloting process had restrict one person can only apply for 5pcs of single piece RM60, 1pc of 3 in 1 uncut and 1pc of RM600.
When the collector thought that all notes are sold of, on the 28th February itself, BNM have an announcement that the retail sale of the remaining single piece RM60 will be start from 5th March 2018, the announcement can be seen here.
For some reason, we can understand the situation, as the quantity of single piece RM60 issue are 60,000pcs and unlike other 2 types with 6,000pcs issued each. And the retail sale only last for 3 days which again most collector thinking it is the end of stock from BNM.
And the best part is coming up, there are quite a lot of collector fail the ballot application for the 3 in 1 uncut and RM600 for the Kuala Lumpur area, it is heard that the 3 in 1 uncut and RM600 allocate to BNM branches outside Kuala Lumpur is not taken up, and all is collect back to the Kuala Lumpur headquarter and re-allocate for those who fail in their first balloting process, BNM inform the success applicant via SMS to collect their banknotes on 23rd June 2018.
Ok, well that will be the end of the story for 3 in 1 uncut and RM600, anyway, 6,000pcs issued quantity is not a problem for the market to absorb, but......wait a minutes, it seems the unsold stock from BNM branches is not only 3 in 1 uncut and RM600, there are RM60 unsold stock as well.
And again, this time BNM announcing for the retail sale of RM60 on 25th June 2018 and the sale date is today which causing a huge Q at Sasana Kijang.
The huge crowd is finishing the remaining RM60 available in BNM, judging from the overwhelming respond from member of public, is this piece of RM60 have a potential of value gain as the RM50 Commemorative Banknote issue by BNM 10 years ago? During that time the RM50 issued quantity is 20,000, but the RM60 issued quantity is 60,000.
Anyway the 6,000pcs of 3 in 1 uncut and RM600 definitely have its own potential. It is heard the the huge crowd turn out today also helping the Sasana Kijang souvenir shop to finish up the stock of the RM50 SUKOM 98 Commemorative Banknotes which issued 20 years ago in conjunction of Malaysia hosting the 1998 Commonwealth Games, it is also the first polymer banknotes in Malaysia, but taking 20 years to sold out, it may consider hard to accept by the collector who bought it 20 years ago.
The 2 photos of RM60 and RM600 with PMG grading is taken from the website for your viewing purpose only, and those are not my items.