I am 60 years away from becoming a 100-year old man. Haha. However, it does not mean that I should not celebrate something of significance right? Yesterday, I managed to get myself one set of commemorative coins issued by Bank Negara Malaysia. (BNM). Do refer to the image for my own set. I would not say that the crowd was huge but when I was on the way out after buying the set, there were a few minor ‘debates’ between some interested buyers and BNM’s officials on their eligibility to buy. Well, if they had arrived on time, they would have been given the ballot number and be eligible to buy. Simple rules. Actually, it’s pretty nice and this is the first time that I have invested in such a set. Please do not ask me how much it will become next year. Perhaps when my daughter sells it 10 years later, it may give her a nice family dinner? Haha. Inflation will also play a part mah. Let’s look at BNM’s own press release as below:
— start of press release —
100th Anniversary of the Malaysian Palm Oil Industry
Ref No : 08/17/07 07 Aug 2017 Embargo : For immediate release
Bank Negara Malaysia has issued commemorative coins in conjunction with 2017 being the 100th Anniversary of the Malaysian Palm Oil Industry. These commemorative coins were launched by YB Datuk Seri Mah Siew Keong, Minister of Plantation Industries & Commodities at the Museum and Art Gallery, Bank Negara Malaysia, Sasana Kijang, Kuala Lumpur on 27 July 2017.
These commemorative coins will be available for sale from Wednesday, 9 August 2017 at Bank Negara Malaysia’s Museum and Art Gallery (MAG) and offices located in Penang, Johor Bahru, Kota Kinabalu, Kuching and Kuala Terengganu.
Public Balloting
Bank Negara Malaysia will be selling the commemorative coins by means of public balloting to ensure fairness in distribution to intended buyers. Orders will be accepted from 7.00 a.m. to 11.00 a.m. on 9 August 2017 at the sale locations. All orders will have an equal opportunity to purchase these coins through the balloting process. As the sale is not on a First-Come-First-Served basis, members of the public are advised not to queue earlier than 7.00 a.m. Public balloting is expected to begin at 11.30 a.m.
Details of the Sale and Public Balloting
| Date | Wednesday, 9 August 2017 |
| Mode of Sale | Public Balloting (not on a First-Come-First-Served basis) |
| Schedule | 7.00 AM Registration of Orders Opens 11.00 AM Registration of Orders Closes 11.30 AM Balloting 2.00 PM Announcement of Results and Collection |
| Maximum Purchase Limit | 1 unit of Set of 2 (Coloured Silver and Nordic Gold) 1 unit of Coloured Silver (proof) 3 units of Nordic Gold Brilliant Uncirculated (B.U) |
| Payment Mode | Credit / Debit / Charge Cards are preferred and cash |
| Dress Code | Proper attire for office environment |
Coin Specification and Pricing
Specifications of the commemorative coins are as follows:
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- Coloured Silver Commemorative Coin (proof)
This proof coloured coin is made of Fine Silver with 99.9 purity and weighs 31.10 grams. It has a face value of RM10 and will be sold at RM230 a piece. The mintage quantity is 700 pieces.Note: Price stated is subject to GST of 6%.
- Coloured Silver Commemorative Coin (proof)
- Nordic Gold Brilliant Uncirculated (B.U) Commemorative Coin
The Nordic Gold (B.U) coin has a face value of RM1 and will be sold at RM10 each. The mintage quantity is 13,000 pieces.Note: Price stated is subject to GST of 6%.
These commemorative coins are also available in Sets of 2. The Set of 2 comprises the coloured silver and nordic gold proof coins. This set will be sold at RM280 per set (price is subject to GST of 6%) with 1,300 sets available. Detailed specifications of the coins are as per Appendix I.
Coin Design
The detailed design of the commemorative coins is as per Appendix II.
Bank Negara Malaysia
07 Aug 2017
© Bank Negara Malaysia, 2017. All rights reserved.
— end of BNM Press Release —
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