Bank Negara Malaysia announces today the issuance of commemorative coins in conjunction with the 100th anniversary of the Cooperative Movement in Malaysia. 

The commemorative coins will be issued in two denominations: 

1. Coloured Sterling Silver Commemorative Coin (proof) 

The coin weighs 31 grams and is made of sterling silver with 92.5 purity. It has a face value of RM10 and will be sold at RM385 per piece. The mintage quantity is 1,000 pieces. 

2. Nordic Gold Brilliant Uncirculated (B.U.) Commemorative Coin 

This coin weighs 8.5 grams and is made of copper and several other metals. It has a face value of RM1 and will be sold at RM16.50 per piece. The mintage quantity is 5,000 pieces.

These commemorative coins are also available for sale in a Set of 2, with each set priced at RM440. The set comprises one coloured sterling silver proof coin and one Nordic gold proof coin. A total of 1,000 sets will be available for purchase. 

Detailed specifications of these commemorative coins are set out in the Appendix.

Coin design 

The design of the commemorative coins is as follows: 

Obverse

The obverse features the word “co-op” in the style of two infinity loops, symbolising the various ways in which cooperatives have contributed to nation building. Within each letter is an icon, symbolising the different ways in which cooperatives have helped improve the lives and livelihoods of their members. 

Reverse 

The top circumference of the reverse side features the text “BANK NEGARA MALAYSIA” to depict the issuing authority, while the event logo is displayed on the left (highlighted in colour on the silver coins). An array of diagonal rippling waves is featured on the background to symbolise progress of the cooperative movement over the past 100 years. The text “10 RINGGIT” and “1 RINGGIT” are shown at the bottom circumference, representing the face value of the coins. 

Sale of commemorative coins  

To provide a fair opportunity for members of the public to buy these limited-edition coins, there will be a purchase limit of one Set of 2, one coloured sterling silver coin (proof) and up to five Nordic gold (B.U.) coins per person.

Members of the public can place their orders at duit.bnm.gov.my from 10 a.m., Friday, 23 December 2022 to 11 p.m., Sunday, 8 January 2023.

Members of the public are advised to place their orders through the Bank Negara Malaysia online system and not with or through any other party or unauthorised ordering facility. All orders will be considered, and there will be no preference given to orders based on the order date and time. In the event of oversubscription, balloting will take place. 

Appendix: Technical Specifications 

Note: Prices stated above are inclusive of 10% Sales and Services Tax (SST).