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Sale of Commemorative Coins in Conjunction with 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:

  1. 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%.

  2. 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.