Wednesday, April 15, 2009

Commemorative Coins - International Year of Astronomy 2009

The Bank Negara Malaysia issued three types of commemorative coins on 13 April 2009 in conjunction with the global celebration of the International Year of Astronomy 2009. These commemorative coins were launched by YB Dato' Dr. Maximus Ongkili, Minister of Science, Technology and Innovation at the Planetarium Negara, Kuala Lumpur.

RM100 commemorative coin issued in conjunction with the celebration of International Year of Astronomy 2009

These commemorative coins come in three different type of specification namely Gold Commemorative Coins (proof) with face value of RM100, Silver Commemorative Coins (proof) with face value RM10 and Nordic Gold Brilliant Uncirculated Commemorative Coins with face value RM1.

The obverse of these coins depict the Langkawi National Observatory with its main telescope in the centre. The background displays the constellation of stars known as the Orion Belt and the planet Saturn. The words "International Year of Astronomy 2009" appears in the circumference to signify the global celebration of astronomy.

The reverse of these coins feature the official logo of International Year Astronomy 2009 and its main theme "The Universe, Yours To Discover". The words "Bank Negara Malaysia" and the denomination of the coin is reflected on the upper and lower circumference of the coin respectively.

Technical Specifications

(a) RM100 Gold Proof Coin

Alloy : Gold (Au999.9)

Selling Price : RM1,200

Mintage Quantity (piece/set) : 100

Diameter (mm) : 22.00

Weight (gram) : 7.96

Shape : Round with milled edge

(b) RM10 Silver Proof Coin

Alloy : Silver (Ag92.5)

Selling Price : RM150

Mintage Quantity (piece/set) : 350

Diameter (mm) : 35.70

Weight (gram) : 21.00

Shape : Round with milled edge

(c) RM1 Nordic Gold (B.U.)

Alloy : Cu89 Zn5 Al5 Sn1

Selling Price : RM10

Mintage Quantity (piece/set) : 10,000

Diameter (mm) : 30.00

Weight (gram) : 8.80

Shape : Round with milled edge

Monday, April 13, 2009

3rd Series of Malaysian Coins

It is learnt that the Bank Negara Malaysia (BNM) is working on the third Malaysian circulation coin series project. The BNM is currently conducting a public survey to review the current coin denominations. They are looking into the possibility of reintroducing the RM1 coin to replace the current RM1 banknote. Of course this had been done on the previous issuance and it was proven that the combination of RM1 coin and RM2 banknote was not welcomed by the public.

One of the main reasons is that the RM1 coin was way too heavy to carry for the usage in our daily lives. With that in mind, the BNM is reviewing the size and the weight of the possible new RM1 coin. BNM is also studying on the behaviour of the common public that can accept a 50 cent coin which appear to be bigger and heavier that RM1 coin but why not the RM1 coin itself?

Indeed, our neighbour countries have implemented their $1 coin policy successfully. It is clear that the intention of the BNM to swap from the RM1 banknote to RM1 coin is actually good. It helps the country to save a lot of printing costs as the coin is more durable compared paper or polymer notes.

So, please convey or contribute you thought by joining the BNM's third Malaysian circulation coin series project survey.

Saturday, April 4, 2009

The British North Borneo Currency

The British North Borneo was established in 1882. Shortly after its establishment, the company adopted the unit currency of Strait Settlement. The British North Borneo Company started their currency with copper coins in the denominations of 1/2 and 1 cents as early as 1885. They later introduced cupro-nickel coins of 1 cent, 2 1/2 cents and 5 cents. 25 cents of silver coin was also issued in 1920s.

Apart from the issuance of copper coins, the British North Borneo Company also issued notes in the denominations of 1 dollar, 5 dollars, 10 dollars and 25 dollars. These early notes were signed and dated by hand at the time of issuance. There were many version of signatory and variety appeared on the notes as a result of the Company's regulation. Even notes issued within the same year could have many different authorise signatures. The earliest issuance notes were found dated on 12 May 1884.

Besides the official issuance of British North Borneo Company notes of 1, 5, 10 and 25 dollars. There were also paper notes issued by the Sandakan Treasury in between 1895 and 1938 in the name of British North Borneo Company. The date and signature on these notes were found in hand written or rubber stamped. They were also found in many variety due to its colour shades and they were printed by Blades, East and Blades Limited, London.

The British North Borneo Company, Issued By The Sandakan Treasury
25 Cents

The British North Borneo Company, Issued By The Sandakan Treasury
50 Cents

The British North Borneo Company Note

The British North Borneo Company Note

The British North Borneo Company Note

The British North Borneo Company Note