Saturday, October 9, 2010

Malaysia Circulation Proof Coin Series,1981(Proof Set of 6)

Type: Malaysia Circulation Coins (Parliment Series)
Condition: Proof in original tablet
Year of issued: 1981
Minted by: Franklin Mint, US
Mintage: Unknown, Rare

This series of coins are not alike to our daily circulation coins, it are proof coins. Proof coinage means special early samples of a coin issue, historically made for checking the dies and for archival purposes, but nowadays often struck specially for coin collectors (numismatists).

Furthermore, Circulation Proof Coin Series, 1981 is rarely be found in numismatic market as Bank Negara Malaysia did not launch it officially at the year 1981. It was believed due to the technical problem of coinage minting which the edge $1 and 50sen coins within the set were not engraved with the term "BANK NEGARA MALAYSIA" so BNM had revoked the issuing. Only certain small quantity be leaked out into market caused by unknown factors.

According to the 5th edition of KNBOON catalogue 2010, the book value is estimated RM800. However it is assummed as highly underestimated relatively to the unknown and rare number of sets available. If you see it, grap it fast while it is still cheap!

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