Tuesday, October 30, 2012

Most expensive Malaysia commemorative coin

What is the most expensive Malaysia commemorative coin won in auction so far? A Malaysia RM500 Cipan (Malayan Tapir) Conservation Proof 1976 gold coin (KN6) graded PCGS PR69 DCAM with a realized price of SD6400 at Monetarium Auction in Singapore on 26-10-2012. The total price for the coin including 15% auction premium will be approximately RM18,403. The highest price paid so far in auction for any Malaysia commemorative coin or Malaysia gold coin. Some people were saying that the price is still lower then Malaysia market price since it is very hard nowadays to find RM500 Tapir gold coin and the PGCS PR69 grade for that coin.

tapir gold coin

Technical Specifications:
Face value: RM500
Alloy: Gold .900 proof
Diameter: 34mm
Weight: 33.437g
Thickness: 2.6mm
Mintage: 508 pieces

In 1975-1976 the Royal Mint UK together with the WWF (World Wildlife Fund) and IUCNNR (World Wildlife Fund, and the International Union for Conservation of Nature and Natural Resources) issued a 12 pieces collection of silver proof coins, two each from from six different countries (Malaysia, Mongolia, Pakistan, Sudan, Venezuela & Zaire). In 1974-1976, 24 countries mint 1 gold and 2 silver coins (In total 24 gold coins & 48 silver coins) for Wildlife conservation series with each coin featuring an endangered species from that country. The countries that were invited to issued conservation coins: Afghanistan, Botswana, Colombia, Costa Rica, Ethiopia, Fiji, Falkland Islands, Gambia, Indonesia, Jordan, Malawi, Malaysia, Mauritius, Mongolia, Nepal, Oman, Pakistan, Seychelles, Sudan, Tanzania, Thailand, Venezuela, Zaire and Zambia.

For a list of top 5 world most expensive coin, you can read here; World's most expensive coins.