lunaticg banknote & coin: September 2008 | coin

Tuesday, September 30, 2008

Do you wish to go back to the past

Sometimes, do you wish you can go back to the past and do something that you like. Looking at coin and banknote will make me wish something like that.

If can, I wish I can go back 50 years at 1958 only for one day should be enough. Why? Certainly because I want to go back and keep as many banknote and coin during that time. No need to keep $1, $5 or even $50 denominations.

This 1 sen coin also enough to make me happy millionaire today. This brilliant uncirculated 1 sen coin is priced at $45 Malaysia Ringgit. I just need around 25,000 pieces of this coin which been mintaged for 10,500,000. It will only cost me $250 Malaysia Ringgit. Do you wish to go back to the past now?

Monday, September 29, 2008

Do you have Malaysia 1971 coin?

Do you have Malaysia 1971coin? Some people say that you maybe struck a fortune if you own one. Some seller put a million ringgit price for 1971 coin but is it really a pot luck?

Many people who wasn't acoin collector doesn't know the real story of 1971 coin. Most people think malaysia 1971 $1 coin is the much sought by collector. This $1 coin got a mintage of 2,378,995 and the price for brilliant uncirculated is just around $10 malaysian ringgit.

The real lucky pot is the 10cent domination. On the obverse is parliament house on a background of a moon crescent that represent Islam as the official religion in Malaysia. The fourteen pointed star represent the 13 states and the federal territory in Malaysia. On the reverse are the denomination of the coin, the year it was minted and on the sides are stylised design of the national flower, the hibiscus flower.

Why this 1971 10cent coin is a much sought after denomination for that year? It only has 32,236 mintage and the price for brilliant uncirculated is just around $200 malaysian ringgit. You need to sale at least 5,000 of this coins to become a millionaire.

For sellers out there who want to be a millionaire. Please make sure it wasn't a wrong denomination or collector like me will be laughing to a stupid daylight fraud you try. Please asked any long time collector or read a books about collecting.

Friday, September 26, 2008

Do you have $10 ringgit denomination right now

Do you have Malaysia $10 ringgit denomination with you right now? Please look at the upper left corner of the banknote. Do you see two dots for that banknote? Do you know what that dot for?

The dot is the Braille feature for the disabled people. The round Braille markings feature a layer of tactile ink printed in intaglio that can be felt by touching. This feature been implemented in
Malaysia currency starting from the 5th series banknote. Malaysia banknotes before that don’t have this kind of feature. You can read more from bank negara website:
http://www.bnm.gov.my/index.php?ch=23&pg=452&ac=22&security=1

I don't really know about the braille code but is something wrong with all the codes in Malaysia banknotes denomination? If you can see up here, this is a code for the 5th series $50 ringgit denomination. It got 5 dot and current $50 denomination only got 2 dot.

You can read more about braille here:
http://www.afb.org/braillebug/braille_deciphering.asp

Am I reading a wrong code or got different braille code for banknotes? Why banknotes that been issued in 1981 got different code? Is any of you collector out there know about this?

Thursday, September 25, 2008

Tun Dr. Mahathir; the forgotten Malaysia Prime Minister

Tun Dr. Mahathir Mohammed is the long serving Malaysia Prime Minister from 1981 until 2003 but is he already forgotten? Some people think he is a dictator and strongly related to ISA. While some other very grateful to him for the development of Malaysia.

Do you know that Tun Dr. Mahathir is the only Malaysia Prime Minister who isn't been feature in Malaysia Commemorative Coin? Even the current Prime Minister Dato' Seri Abdullah Ahmad Badawi already been feature in Ninth Malaysia Plan commemorative Coin series.

Malaysia 1st Prime Minister, TunKu Abdul Rahman been feature in at least 3 Commemorative Coin series. Prime minister Commemorative Coin series issued in 1971. 25th Anniversary of Indepence Commemorative Coin Series issued in 1982. 100 Years Of Tunku Abdul Rahman coin series issued in 2005.

Malaysia 2nd Prime Minister, Tun Hj Abdul Razak been feature in 2 Commemorative Coin Series. His potrait been feature in 3rd Malaysia Plan Commemorative Coin series issued by Malaysia Central Bank on 15 December 1976.

Malaysia 3rd Prime Minister, Tun Hussien Onn also been feature in 1 Commemorative Coin Series. His potrait been feature in 4th Malaysia Plan Commemorative Coin series issued by Malaysia Central Bank on 1 December 1981.

I wish Tun Dr. Mahathir Mohammed will be feature in a new commemorative coin. He is also the longest serving Prime Minister in Southeast Asia. Maybe he don't want to be features in any Malaysia Commemorative Coin. Who know?

Wednesday, September 24, 2008

Malaysia 1st commemorative coin

Malaysia commemorative coin isn't a good investment if you are looking at their price value nowadays. Especially true for the coin that using nickel. Do you know what is malaysia 1st commemorative coin?

$1 1969 10th anniversary of malaysia central bank is the 1st malaysia commemorative coin. Malaysia central bank was established on 26 january 1959. On the obverse is a potrait of the 4th DYMM Seri Baginda Yang Dipertuan Agong, Tuanku Ismail Nasiruddin Shah. On the reverse is the crescent moon representing Islam as the main religion in Malaysia and the 14 pointed star. Which represent the 13 states and the federal territory. At the bottom is a string of hibiscus flowers, malaysia national flower.

It have a mintage of 1,000,000 for nickel. The silver 0.925 proof have a mintage of 1,000. The current price for nickel brilliant uncirculated is RM20 and the price for proof is RM1,800. It is minted by hamburg mint, germany.

Tuesday, September 23, 2008

Malaysia banknotes: The most beautiful $5 ringgit

Malaysia don't have many design of banknote or coin. From 1967 until today, Malaysia $5 ringgit banknote only have 4 different design. Which one do you think the most beautiful $5 ringgit design?

For me Malaysia most beautiful $5 Paper money is the design of 5th series $5 ringgit banknote. It started been circulated on 16 january 1984 until 1985. It signed by Malaysia central bank governor Tan Sri Abdul Aziz bin Haji Taha. The short period of circulation is because it have some religious issue and people asked to stop the circulation. Is this true?

On the obverse is the potrait of the first DYMM Seri Paduka Baginda Yang Dipertuan Agong, Tuanku Abdul Rahman. The overall is based on ''kain songket'' design. On the reverse is the official palace for first DYMM Seri Paduka Baginda Yang Dipertuan Agong, istana negara. On the top is a design taken from silver ring ornaments used by kadazan ethnic in sabah. At the lower right corner is a spray of morning glory flower Ipomea Calriea.

Monday, September 22, 2008

Do you know this celebrity?

Do you know this celebrity? Its been 30 years but people still mistaken him for another person.

Do you have Malaysia 1977 20th years of independence commemorative $1 coin? On the obverse got a face that some people think is the face of Malaysia 1st prime minister YTM Tunku Abdul Rahman Putra Al-Haj. The face exactly is Malaysia 1st DYMM Yang Dipertuan Agong Tuanku Abdul Rahman Ibni Almarhum Tuanku Muhammad. The coin been issued on 30 august 1977 in conjunction with the 20th indepence of Malaysia.

Friday, September 19, 2008

A quest for 1 dollar straits settlement coin

Sometimes, when you really want something, it will be very hard to achieve or get them. That's also happen to me in my quest searching for banknote and coins. I start collecting because of strait settlement coin.

One of straits settlement coin that still don't have in my possesion is 1 dollar king george V 1919-1920. I have been looking this particular item in internet, lelong, auction, coin trader, coin collectors, and currency collectors. This happen when I start working in penang in 2000. The best I could find is year 1919 at RM950 in AUNC condition in 2004. A very expensive price and overprice item. The seller knew I am looking for that particular item.

This year, I am lucky because stumble upon this coin again at a much cheaper price and better condition. I bought this 1920 king george V 1 dollar coin at RM450 in Amcorp Mall, Petaling Jaya, Malaysia. After 8 years, finally my quest to own this coins ended with a happy ending.

Monday, September 15, 2008

My first banknotes collection

I start collecting banknotes and coin at the age of 15. That is 15 years ago. I start collecting coins especially Strait Settlement series and world coins. That time I really Don't know my coin value, what is numismatic, where to find coin dealers, coins auction or even proof coins. Most of my collection is based on coins that been given by family and friends.

This Board of commisioner of currency malaya and british borneo $10 dollar notes is my first banknotes that I buy. This is an old british money that I buy from a weekend market or tamu in Kota Kinabalu, Sabah. You can see the the banknotes condition is considerably worn and circulated. With creased folds, wrinkles, dirt and minor tear. It been used in 1961 after Malaysia has been declared its independence in 1957.

I bought this banknotes for Malaysia Ringgit RM30.00 during that time. This Fine condition banknotes values right now already goes up at Malaysia Ringgit RM200.00 according to standard catalogue by Steven Tan. This show that currency collecting is a good investment for your money and can tell you the history of the country.

Collecting banknotes and coins from zero.

Some of you maybe already have a banknotes or coins in your possesion but you're not an avid collector yet. You don't know what to do with your collection. You don't know the value of your item.

For a start, buy and read a catalogue or guide book about banknotes and coin collecting. The standard catalogue book by steven tan is the best book for malaysia, brunei and singapore. If that book is out of your budget, you can try kenali wang anda by eureka metro. This book is for 2006 but still can be a good guide for beginners. If you still cannot understand on how to do grading, books by k.n boon give and easy grading guide for beginners.

Try buy cheap banknotes and coins from your local numismatic sellers. Set a target, Malaysia one ringgit series is a good start for a small budget. Buy at least very fine condition notes and later you can ugrade the item to uncirculated.

If you are into coins, a good quality magnifier is a must. Magnifier is important for coins grading. You need them to check the condition of coins. Don't waste your money on cheap magnifier. After you become an avid collector then you will realize the cheap magnifier power not very good for coin grading. Buy a good magnifier that you can bring along with you.

Don't put your banknotes in normal plastic. In a long term, your banknotes will get an oil mark that come from that normal plastic. Invest on a good banknotes album.

After you buy your banknotes and coins, please don't forget to write down their price. Keep them in a log books. Don't forget to write down from whom you buy that banknotes and coins. All of this is for future references if you want to sale and want to know how much you already spend for your collection. Its also will guide you which seller giving you the best price and quality for your collections.

Sunday, September 14, 2008

Table of Content

PENGANTAR

SISA PARAGRAF SELANJUTNYA

Friday, September 12, 2008

My Tips: Buying banknotes and coins online

This is my tips for anyone out there who want to buy banknotes and coins in lelong.com.my. When buying for banknote or coins online, there are some things you need to consider. Please take note, that this is only my experience on buying and selling banknotes online via www.lelong.com.my.

1. Banknote and coin Seller.

Does the seller have a good rating?

Good rating here mean that the seller has at least over 30 people buying his/her item and give them good rating. Why 30 people? Because some online seller likes to fake the rating by buying their own item using other ID. Make sure that the item they sale or given rating is banknotes and coins and not a same item for different ID. If can, please do not buy from unverified member.

Has any of your friend give rating to the seller?

If yes, asked your friend who give rating to the seller about How Good the Seller on their last deal. Asked if the grading is good or not, How many days seller send the items after payment has been completed? Do Seller take care of the packaging? What posting method does Seller used? How good the seller grading for his/her item?

Browse the Website forum to know if people has been complaining about the seller before.

The Website Forum is a good tool to know if the seller is not very good on completed his/her business online. If you are buying over RM300 items, do search in forum about the seller. Log in to the forum and type his/her name in search.

How long has the seller been doing sales online and how many repeated customer?

You also need to check how longs the seller has been doing business online. The seller maybe do not have many good rating but Seller got Many repeated buyer. This show that the seller has been giving a good service before.

Read the seller terms and condition

Whatever item you buy via online please read the terms and condition first. Some seller do not let buyer do combine Shipping charges, do not give warranty for the item, will only reply via sms or e-mail etc. Please check their terms and condition before buying online.

2. Banknote and Coin that you want to buy

Do the seller give front and back view of the item?

The picture that the seller put in his/her auction, do Seller give front and back view? Do the picture crisps and clear? Is the picture big enough for you to view them? If not do not buy the item because the picture maybe has been polished by software.

Do Seller put clearly what the item grade?

New banknote and coin seller do not put the item grade on their posting. Please make sure Seller put the grade of the item clearly so you do not buy an overprice item. If they do not put grade, asked the condition of the item via e-mail or phone. If they do not give good reply better do not buy.

3. Check offline price of the item

Please check your catalogue (STANDARD CATALOGUE OF MALAYSIA SINGAPORE, BRUNEI BOOK OF COIN AND PAPER MONEY - By Steven Tan), the price of the item you want to buy. Some price of the item in catalogue not a real market price though. Some very hard to find item is been put at a lower price then the market price. Do go out and buy from your local banknotes and coins shops frequently so you will know the accurate price.

4. Start buying cheap item

If you are newbie better start by buying cheap item first. This is to make sure you do not get cheated big time buy irresponsible seller or conman. Just remember, an believable cheap price normally something you need to get away from. Do not tempted on buying only because the item is cheap.

5. Shipping charges

Some Seller does put a high shipping charges and do not allowed combine shipping charges for their item. Before you click the bid button, better check for the shipping charges. E-mail seller if you are not sure about them. Check other seller charges, do people normally charge that much?

6. Please communicate

Online selling is about communicating via online among buyer and seller. If you as a buyer do not do the communication you will most probably the one who will be lost with your deal. The best choice of communication for buying item online is e-mail. If there is any dispute, you can check and send them online easily.

Edit on 24/7/09