Wednesday, November 20, 2013

Kijang Emas Gold Bullion History

Do you know who minted Malaysia Gold Bullion Coins, Kijang Emas? The Kijang Emas is minted by the Royal Mint of Malaysia and distributed by Malayan Banking Berhad. On 17 July 2001, the gold bullion was launched by Tun Dr. Mahathir Mohamad, the former Prime Minister of Malaysia. The date marked the beginning of history for Malaysia as one of the country in the world to issue its own gold bullion coin.

kijang emas

The design of the obverse of the Kijang Emas depicts a barking deer ("kijang") in its natural habitat in the Malaysian jungle.

 hibiscus
The reverse side features the hibiscus, the national flower of Malaysia.

The Kijang Emas is legal tender as it is issued and guaranteed by Bank Negara Malaysia.

Kijang Emas RM200 1 Troy ounce
rm200 kijang

Technical Specifications:
Face value: RM200
Gold Purity: 99.99%
Standard weight: 31.105g
Diameter: 37.00 mm

Kijang Emas RM100 1/2 Troy ounces
Rm100 kijang

Technical Specifications:
Face value: RM100
Gold Purity: 99.99%
Standard weight: 15.550g
Diameter: 28.00 mm

Kijang Emas RM50 1/4 Troy ounces
rm50 kijang
Technical Specifications:
Face value: RM50
Gold Purity: 99.99%
Standard weight: 7.780g
Diameter: 22.00 mm

Malaysia gold bullion coins are not not issued every year like some other Bullion Gold Coins. I don't think they produced a new bullion anymore since the Royal Mint of Malaysia stop operating. For the past few years when the gold price is rising, they're shortage of Kijang Emas because everyone want to invest in gold.

Tun Mahathir

Many newbies in Kijang Emas collecting believe that the gold coin were produced by Maybank. Actually it is a product of Bank Negara Malaysia (BNM) under The Royal Mint of Malaysia or now known as Kilang Wang BNM at Shah Alam.

Some people said that The Royal Mint of Malaysia has gone bankrupt, that's why they stop producing new Kijang Emas coins. The Kilang Wang Bank Negara is still there but the management has changed hand from The Royal Mint of Malaysia to Bank Negara Malaysia.

The purchase and reselling price of Kijang Emas is determined by the prevailing international gold market price. The daily market price for this bullion can be found at BNM web site.

You cannot buy the gold bullion directly from Bank Negara Malaysia or Kilang Wang Shah Alam.

For information about where you can get Kijang emas bullion, you can read my post; Where to buy Kijang Emas Gold Bullion Coin.