Malaysia Bunga Raya Series 50 Cents Coins Were Minted In Year 2006.
"Yes ! 19,480,000 pieces of 50 Cents coins were minted in year 2006,I was informed by the Mint. ", said Mr. Steven Tan of International Stamp & Coin Sdn Bhd at Pertama Shopping Complex yesterday.
In his catalogue; Standard Catalogue Of Malaysia,Singapore,Brunei Coin & Paper Money 19 th Edition 2012-2012, it was gazetted a total mintage of 19,480,000 pieces of 50 Cents coins dated with year 2006 were minted.
Collectors,especially the new comers were looking high and low and offered thousands of ringgit for a piece of Bunga Raya 50 Cents coins minted with year dated 2006.
Yesterday, once again I was being invited to his office to help him to do some upgrades on his next issue of catalogue, I took the opportunity to inform him that the mintage of 50 cents in year 2006 in his catalogue is wrong,that is no issue at all.But he insisted that his figure was from the Mint.
So, where are all these 19 millions pieces of 50 Cents coins minted in year 2006 now?
Why from year 2006 until now,no one have ever seen a piece of 50 Cents coin dated year 2006 in the market?
My analysis, likely and may be I am right, there were such amount of pieces of 50 cents coins minted in our Mint in year 2006 but NOT a single piece of 50 Cents coin is dated with year 2006.
This figure of 19,480,000 pieces could be an accounting figure. May be a major part of the total mintage in year 2006 were still minted with 50 Cents coin dies dated with year 2005,because it was reported there were a total of 691,680,006 pieces of 50 Cents coins minted in year 2005.
Which means in year 2005, mint factory need to operate for 365 days,daily must produce only 50 cents coins for 1,895,000 pieces ?
If my guess is correct that in year 2006 the mintage of 19,480,000 pieces of 50 Cents coins was indeed an accounting figure, then all coin mintage figures listed in local catalogues are questionable!
What do you think?