Tuesday, September 17, 2013

50th Anniversary of the Formation of Malaysia Commemorative Coins




















Since when Malaysian is so keen on collecting commemorative coins, for my personal experience, today is the longest waiting queue with most longest hour that I need to reach the counter. Before that let see what is the commemorative coin that drive such a interest.

Bank Negara Malaysia is issuing commemorative coins in conjunction with the 50th Anniversary of the Formation of Malaysia. Malaysia Day is celebrated on 16 September every year to commemorate the establishment of the Malaysian federation which comprises 11 states in Malaya and two states in Borneo, namely Sabah and Sarawak.
Specifications of the commemorative coins are as follows:
1. Gold Commemorative Coin (proof)
This proof coin is made of gold with 999.9 purity and weighs 7.96 grams. It has a face value of RM100 and will be sold at RM 1,800 a piece. The mintage quantity is 750 pieces.
2. Coloured Silver Commemorative Coin (proof)
This is the first coloured coin issued by Bank Negara Malaysia. The coloured Jalur Gemilang is placed on the obverse side of this coin. This proof coloured coin is made of Fine Silver with 999 purity and weighs 31.10 grams. It has a face value of RM10 and will be sold at RM200 a piece. The mintage quantity is 10,000 pieces.
3. Nordic Gold Brilliant Uncirculated (B.U) Commemorative Coin
The Nordic Gold (B.U) coin has a face value of RM1 and will be sold at RM10 each. The mintage quantity is 25,000 pieces.
These commemorative coins are also available in a set of three (3) and a set of two (2). The set of three (3) consists of the gold, coloured silver and Nordic gold proof coins. It will be sold at RM2,100 per set with 500 sets available. The set of two (2) consists the coloured silver and nordic gold proof coins. This set will be sold at RM250 per set with 1,000 sets available.

Technical Specifications
Type
Alloy
Face Value
(RM)
Mintage Quantity (pcs/sets)
Diameter (mm)
Weight (g)
Shape
Gold Proof
Gold (Au999.9)
100
750
22.0
7.96
Round with milled edge
Coloured Silver Proof
Silver (Ag999)
10
10,000
40.7
31.1
Round with milled edge
Nordic Gold (B.U.)
Cu89 Zn5 Al5 Sn1
1
25,000
30.0
8.5
Round with milled edge
Set of 21

10 + 1
1,000



Set of 32

100 + 10 + 1
500



Note:
1Set of 2 consists of coloured silver and Nordic gold proof coins, and
2Set of 3 consists of gold, coloured silver and Nordic gold proof coins.

























After queuing for at least 4 hours, when come near to the counter only left single silver and single gold available for sell, other type like set of 3 and set of 2, even the Nordic Gold also sold out.

From the venue, I know that someone is queue as early as 7:45 am and only get his stuff at 11:30 am, and heard that there are people who queue as early as at 2.00 am. Please note that Bank Negara only open at 9 am to start selling the coin.

I'm wonder how many who queue is genuine collector which will keep their collection as their hobby, most of them may be is just the speculative trader that would like to sell off their items to earn some good margin, is the scenario good for the trader or for collector?

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