Saturday, April 23, 2011

My Second 10 cent 1971 coin has arrived

I have decided to add another piece of this 1971 10 cent Malaysian Parliament series to my collection. I bought it through ebay Malaysia and it arrived to my mailbox after 3 days of waiting. See? I am an online buyer too, I am saying that because some of my interested buyer are reluctant to buy things that involve shipment and would prefer COD. If you trust the seller than no problem will arise, fingers crossed.

1971 10 cent coin UNC

Back to the story, this coin is  valued higher because of its low mintage which is only 32,236. The other 10 cents mintage is into the millions. This one only 30 thousands. Go figure. The reason for the low mintage varies from some stories ranging from flood hitting the minting factories to closure.

This particular coin is very hard to find here in Sabah. The antique shop is selling it far more than what it is supposed to be selling. Well you can't blame them since the price is subjective and depends on the demand from buyers. That's why the reference books can't be used all the time.

Hopefully the value is going up again the near future. I also hope that more people(younger ones) will take up this coin and banknotes collecting hobby. That is more important. I know this hobby is a bit expensive, but start from scratch taking it easy and slowly. When you see that your collection is growing and getting it complete then that is where the fun is.

Cheers.

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