Saturday, January 16, 2010

Specimen Banknote - 1953 $10 Malaya And British Borneo

I am sure many of you are aware of the definition of specimen banknote. In the event that you are new to this, let us explore it. Specimen banknote is normally come with full or all Zero serial number and is stamped or punched with the word "SPECIMEN" on the obverse of the banknote. They are not sent into general circulation.

The 1953 $10 Malaya And British Borneo Specimen Banknote

There are two main purposes as why the specimen banknote is produced. One of the reason is that the specimen banknote is used as sample to check the designs and / or colors prior to full printing runs. Another function of the specimen banknote is to help a central bank to understand or recognise other countries' banknotes specially during the new issuance. It is normally given by the banknote Printer to a central bank to be distributed to other central banks.

The specimen banknote is so rare that only a few are kept at the banknote Printer's archives or at the central banks. Many of these specimen banknotes can be viewed at Money Museum Negara.

2 comments:

Kelvin Cheung said...

Hi,

This is a very interesting site. i have just purchased two specimens notes, a one ringgit and a five ringgit from the 3rd series. These notes are printed by the Canadian Banknote company. Are these rarer than specimens from De La Rue? The De La Rue speciemens mostly come from an auction house in the UK where they have access to the printer's archives. I'm not sure if the Canadian Specimens will be better.....please advise.

Jack Hoo said...

Interesting question. As far as I know, Canadian Banknote Company involved very limited in Malaysian banknote printing. It appears to be the printer for 2nd series of RM5 signed by Ahmad Don. Of course TDLR has printed most of the banknotes. Is one rarer than another? I would say all spicemens are rare but they come with different prices. Collecting is fun, make you call.