Monday, 14 December 2015

50 CENTS MILLED EDGE

INTRODUCTION

Bank Negara Malaysia began issuing its own coins starting in 1967 with denomination of 1 sen , 5 sen, 10 sen, 20 sen and 50 sen. Forged in the Royal Mint London factory with a diameter of 23.50mm, weighs 5.70 gram, copper-nickel metal and have a mint mark GC. With 2 type forgings.

TYPE OF SECURITY EDGE
Total mintage in 1967 = 15 million pieces
Total mintage in 1968 = 12 million pieces
Total mintage in 1969 = 2 million pieces

TYPE  OF MILLED EDGE
Total mintage 1967 = unknown
Total mintage 1967 = unknown
Total mintage 1969 = unknown



Killed EDGE / EDGE SECURITY

                                                

WHAT ARE SECURITY EDGE AND MILLED EDGE

SECURITY EDGE is shaped forgings forged Security moated side edge of the coin . Type of SE is forging real for these 50 sen coins 
Milled EDGE is shaped forging "bergerigi" side of the coin side and it was mistakenly forging for 50 sen side.

For the information of this type for 2 type  of Security Edge is supposed for these coins to minted but there are errors mint Milled Edge but it is very limited. From numismatic value then of course this led to the forging of a few very rare collections and the price is more expensive.  

 50 sen MILLED EDGE
Killed EDGE

How much approximate price for collection Milled Edge nowdays ? If we follow market prices Milled Edge that I bought at the beginning of 2014 are as follows.

Milled Edge 1967 - RM1800
Milled Edge 1968 - RM2200
Milled Edge 1969 - RM5500
Set Milled Edge 1967, 1968, 1969 RM8,500


 50 sen MILLED EDGE 

MILLED EDGE


 50 sen MILLED EDGE
50sen 1967 MILLED EDGE
ESTIMATED PRICE RM 1800 / pieces
Extremely Fine


MILLED EDGE
50sen 1968 MILLED EDGE
ESTIMATED PRICE RM2200 / Pieces
Extremely Fine


50sen 1969 MILLED EDGE
ESTIMATED PRICE RM5500 / Pieces
Extremely Fine



It is rather difficult to give a reason why these coins high price and it's getting better demand from collectors. However, lack of Milled Edge and do not know exactly mintage issued by the Royal Mint in London at the factory cause Coin Milled Edge sought by collectors.
Record auction price for Edge Milled Coin Grading S65 NGC 1969 at a price of RM 81,646.00 Auction in Singapore. RM 81,846.00 was the highest price for a coin 50 Milled Edge has ever recorded to date.

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