A special 2007 edition of the RM50 note was recently sold for a whopping RM708,000 at an auction in July!
Photo via Free Malaysia Today
According to Free Malaysia Today, the director of Trigometric Auctions, Hann Boom revealed that at another auction last week, a 1929 Sarawak $25 note went for RM212,400 while a 1940 Malayan $1 note issued during the British administration was sold for RM188,800, whereas the weekend auction alone netted a total of RM8 million, with about 700 purchasers.
Photo via Free Malaysia Today
“All these notes were bought by numismatists themselves, probably as an investment. They might keep it for some time and re-enter the market later and sell it for a higher price. The RM50 note was a special edition issued in conjunction with the 50th anniversary of Merdeka,” he said.
As for the Sarawak note, Hann said that there were only 15 such notes available worldwide with nine already graded by an independent company based in the US while another was graded by a Chinese-Malaysian firm.
The remaining five are being held by private collectors and have yet to surface in the market, he added.
Hann said even a 1971 Malaysian 10 sen coin in pristine condition was sold for more than RM2,000 and it was a limited mint, making it a rare coin.
He added that currency printed during the days of the Straits Settlements and currency notes used during the Japanese Occupation of Malaysia fetch good prices, depending on their condition and how they are graded.
Photo via Free Malaysia Today
Hann, himself has been an ardent collector since young, said there were only about 20 serious numismatists in Malaysia, while some 600 or so are known to be casual collectors with hopes of selling them much later on.
Well, guys, if you want to get your hands on some rare coins or notes, the next auction will take place in January next year!
Such an interesting hobby, huh?
By: Aishah Akashah Ahadiat
