Any of you wishing for a mega sales on buying your coins, banknotes or stamps collection? Last Sunday, I have a meeting with some of my local coins friends. Someone brought an issue of Malaysia mega sale carnival 2010 (MMSC 2010) that already started on Saturday. The most awaited mega sale will be running for 55 days. It will ended on 16 September 2010. The annual sales already in its 11 years. This year, the sale focus on fashion but shoppers can also shop for, among others, designer goods, home decor items, computer peripherals and electrical appliances. The event is one way to promote tourism by The Ministry of Tourism Malaysia.
For this year MMSC 2010 is having MasterCard as their official card. Mastercard will be rewarding its cardholders with attractive weekly prizes worth up to RM100,000 through its ‘MasterCard Spend and Win Programme’. Every week for eight weeks, MasterCard cardholders will stand a chance to win a MasterCard Priceless Eco travel package to East Malaysia. Aside from this priceless experience, MasterCard will also be giving away two Apple iPad 3G, weekly for eight weeks. Each transaction charged by a MasterCard cardholder during the promotion period entitles the cardholder to one chance to win one of a total of 24 prizes. Cardholders will automatically be entered through their transactions and the selection process will be done via a computerized system. You can read more about it in their official website.
Why do we talk about this event? That friend is asking why do Malaysia coin dealer never participated in this events? Imagine if there are mega sales for your banknote, coin and stamps. Its sound like a jokes but that kind of sales are possible. Most dealer buy them at 50% lower then market price. Some even buy them 200% lower then market price. A 70% sales for some of their items are possible. Participating in mega sales will bring new batch of collector. New collector will remember you and talk about you if your item is cheaper then what others offer them. Word of mouth from this new collector will bring new buyer too. Mega sales will help sellers doing their sales and clearing their old stock.
But that most probably a wish that will never be came true for all coin and banknote buyer. Why? The main reason most probably because collectible item price will be going up every year. As long as the items condition are taken care of. The price most probably will be going up, if you can stand the waiting years it will take. Some friend were saying, collecting banknotes and coins are far much better then buying silver and gold. But you need to know what to collect and how to check your items for fake or counterfeit or cleaned notes. 5 years ago, Malaysia 1 ringgit Ali Abul Signature banknote cost only RM80 for the circulated notes. Today, it cost at least RM350 if you know where to look for them. Making a cheap sales most probably not an option since not every item are hot items in Malaysia collector market. We have a very small market. Most of my new buyer is people who want to find some Malaysia banknote because it give them a little bit of nostalgia.
Malaysia coin dealer doing a mega sales sound like a jokes after that but I do think most of us dreaming the same dreams. Certainly to a new collector who still trying to find a good and fast way to complete their collection. Anyone of you dreaming about the same thing?
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