This is the last post from three of Malaysia Numismatic Society (MNS) auction no.143. The auction held on 28 March 2010 at Jabatan Muzium Malaysia, Malaysia National Museum, Kuala Lumpur. The auction start at 10.45am with MNS president Mr. Thenakaran Nadarajah himself as a auctioneer. Mr. Lawrence De Souza (guy sitting with the bidders card) act as a bidder for mail bidders. There are only around 45 members of the society who participated in the bidding process.
This year, the crowd are very small compare with the last auction held by this society in 2005. Only around 70 people are watching the auction session. Most of them are almost the same age with me or a bit older. I can only see two kids brought by their parents in this auction. look like, kids nowadays really doesn't interested on coins or banknotes collecting. Most of them were really interested on video games and social network like facebook. I start my collecting at the age of 15. With all the travelling and hunting around Malaysia, it is a rare sight, looking that kids participating in this kind of hobbies. One day, we can only see this kind of stuff in the museum.
Back to the auction, I cannot stay for the full auction that day. I am also cannot take the full video of the auction. I am sorry, will try to do better next time. This is the first time I am doing a post about any auction. Look like my digital camera is a bit slow. Look like the Malaysia 10th Series RM1 CR 7204131 Ali Abul Hassan signature with a reserve price of RM1650 ended up with no single bid, there is one seller at the bourse table selling the same CR prefix banknotes at RM1150 that day. That mean, to anyone who still looking for UNC CR Ali Abul signature, you still can get it for RM1000 this year.
The Malaya $10 1941 D/60 019898 extremely fine condition and with nice number too, end up at RM850. That is consider a way cheaper then the market price. Only two bidder, make a bid on that item. Malaysia 1st Series RM100 A/1 323396 Ismail Ali’s signature end up at RM4000. The United States Replacement $1 B 00098644 notes, end price is RM50. If any of you, MNS members have the complete auction list sale price, it will be a little bit of help to send the link in here or e-mail it to me at email@example.com.
One suggestion to MNS committee members, it is better nowadays if live online auction been done, instead of offline sale like this. It will be a bit hard to start with the website but in the end, it will benefit the society more. Most collector are not in Kuala Lumpur. It will added transportation cost for members from Penang, Kedah, Sabah or even Sarawak come to Kuala Lumpur, simply for the auction. More people bidding, means a good and healthy auction for the society. Many people also email me asking if any website is holding auction for coins and banknotes in Malaysia. This society can help member sale their items with accurate grading and reasonable reserve price. This is also one way to promote the society to the public and make people interested on joining the society. No pun intended but right now, what I see is that this society trying to hide their activity to the public (or maybe there is no activity at all). This society exist since 1968, why not make a change? For the benefit of the society and Malaysia Numismatic.
Please correct me if any of the information in here is wrong.