TUNKU ABDUL RAHMAN $100 GOLD COIN. PROOF.1971.
Malaysia First Gold Coin The TUNKU ABDUL RAHMAN $100. 1971.PROOF.
Rarity:RRRR
The first $100 gold coin of Malaysia was issued on 30th August 1971 by Bank Negara Malaysia to commemorate the 13 years in office of Prime Minister Tunku Abdul Rahman Putra Al-Haj.
The obverse of this coin has a portrait of Tunku, the words "TUNKU ALDUL RAHMAN PUTRA AL-HAJ BAPA MALAYSIA" and the year 1971.
The reverse shows the Parliament House building, the crescent and star and the denomination of $100.
It was minted at the Perth Mint Australia.
Since I started seriously to collect coins of Malaysia as a hobby in 2007, my sifus used to tell me among the most difficult collectible key dates coin is this 1971Tunku $100 gold coin in proof. And they proofed me right. I used to see only the photos of this proof coin. Not until recently, a senior collector showed me a raw piece.
My sifus said, this 1971 Tunku .917 gold coin was launched with a issued price of RM100 for a normal strike and proof strike was sold for RM155. Weight: 18.66gm. Denomination: $100.
During then, many coin collectors were not willing to pay RM100 because the bullion price or gold value of this coin was worth around RM75. They blamed the government shouldn't sell this gold coin for more than the gold value.
In 1971 a piece of Tunku gold commemorative coin in PROOF struck with a total mintage of 500 was launched at the issued price of RM155. The sale was very poor. Coin collectors were not so knowledgeable about how a proof coin was minted.
Proof coins are struck using special dies that are prepared carefully prior to striking. Each die is used fewer times and between each strike the die is polished and the coin aligned carefully by hand.
The dies used to strike Proof coins are all hand-finished. This is to ensure that all imperfections are removed before they're used to strike a coin. Each Proof blank is placed into a coin press by hand. Proof blanks are of a higher quality than Brilliant Uncirculated and Bullion blanks. Proof coins will be struck up to six times, at a lower speed and with less pressure than other finishes. This ensures a smoother, sharper finish and preserves the finer details of the design.
After striking, each Proof coin is removed from the press by hand and checked for imperfections. The dies are cleaned with air between each coin to ensure that no marks or imperfections are caused during striking. As a result of the extra care and attention, no more than 50 Proof coins can be struck per hour. Whereas, for example, normal coins are produced at a rate of around 800 coins per minute.
The Proof dies are regularly re-worked and re-polished to maintain a blemish-free finish when striking. Each Proof die may only strike a few hundred coins before it has to be re-polished.
Today, a piece of Malaysia 1971 $100 Tunku gold proof coin in high grade is easily worth RM25,000.
Rarity:RRRR
The first $100 gold coin of Malaysia was issued on 30th August 1971 by Bank Negara Malaysia to commemorate the 13 years in office of Prime Minister Tunku Abdul Rahman Putra Al-Haj.
It was minted at the Perth Mint Australia.
Since I started seriously to collect coins of Malaysia as a hobby in 2007, my sifus used to tell me among the most difficult collectible key dates coin is this 1971Tunku $100 gold coin in proof. And they proofed me right. I used to see only the photos of this proof coin. Not until recently, a senior collector showed me a raw piece.
My sifus said, this 1971 Tunku .917 gold coin was launched with a issued price of RM100 for a normal strike and proof strike was sold for RM155. Weight: 18.66gm. Denomination: $100.
During then, many coin collectors were not willing to pay RM100 because the bullion price or gold value of this coin was worth around RM75. They blamed the government shouldn't sell this gold coin for more than the gold value.
In 1971 a piece of Tunku gold commemorative coin in PROOF struck with a total mintage of 500 was launched at the issued price of RM155. The sale was very poor. Coin collectors were not so knowledgeable about how a proof coin was minted.
Proof coins are struck using special dies that are prepared carefully prior to striking. Each die is used fewer times and between each strike the die is polished and the coin aligned carefully by hand.
The dies used to strike Proof coins are all hand-finished. This is to ensure that all imperfections are removed before they're used to strike a coin. Each Proof blank is placed into a coin press by hand. Proof blanks are of a higher quality than Brilliant Uncirculated and Bullion blanks. Proof coins will be struck up to six times, at a lower speed and with less pressure than other finishes. This ensures a smoother, sharper finish and preserves the finer details of the design.
After striking, each Proof coin is removed from the press by hand and checked for imperfections. The dies are cleaned with air between each coin to ensure that no marks or imperfections are caused during striking. As a result of the extra care and attention, no more than 50 Proof coins can be struck per hour. Whereas, for example, normal coins are produced at a rate of around 800 coins per minute.
The Proof dies are regularly re-worked and re-polished to maintain a blemish-free finish when striking. Each Proof die may only strike a few hundred coins before it has to be re-polished.
Today, a piece of Malaysia 1971 $100 Tunku gold proof coin in high grade is easily worth RM25,000.
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