MALAYSIA 1976 ONE CENT TRASITIONAL ERRORS (WRONG METAL),IS A BRONZE OR COPPER PLANCHET?
Is Malaysia 1976 One Cent Transitional Errors a bronze or a copper planchet?
Today,again I was asked by collectors,is 1976 one cent Malaysia Transitional Errors is minted on a bronze or a copper planchet?
Today,again I was asked by collectors,is 1976 one cent Malaysia Transitional Errors is minted on a bronze or a copper planchet?
 |
Malaysia.1976.One Cent Copper Coin.
Transitional Errors.Reverse.
(Dickson Niew Collection) |
 |
| Malaysia.1976.One Cent Copper Coin. Transitional Errors.Obverse. (Dickson Niew Collection) |
This Malaysia Transitional Errors 1976 One Cent rare coin became hot topic recently because one piece of UNC in condition was put in Marvin International Auction,Singapore on 16 July 2011 with a reserve price of SGD250.00 and realised at a magnificent price of SGD1400.00 (excluding commission and GST charge).
http://dniewcollectors.blogspot.com/2011/07/malaysia-rare-coin1976-one-cent-copper.html
On the same day,another transaction of MalaysiaTransitional Errors 1976 One Cent rare coin in UNC condition was done in Penang with a transacted price of RM3,000.00.
In our next and coming MNS Auction No.149 on 25 September 2011,Lot 59 is a piece of Malaysia 1 cent 1976 Bronze in BU grade with a reserve price of RM1,000.00.
Mr Steven Tan, the editor of STANDARD CATALOGUE OF MALAYSIA-SINGAPORE-BRUNEI COIN & PAPER MONEY,stated in his book that less than 100 pieces of this rare coins were known to exist,and is a bronze planchet.
Here were my research.
In 1973, when Bank Negara Malaysia found out the production cost of the 1973 one cent copper is higher than the face value (intrinsic value), they decided to replace the one cent copper blank with copper-clad steel blank. As a result, half of the 1973 one cent coins and all one cent coins in subsequent years are produced in copper-clad steel planchets.
On the same day,another transaction of MalaysiaTransitional Errors 1976 One Cent rare coin in UNC condition was done in Penang with a transacted price of RM3,000.00.
In our next and coming MNS Auction No.149 on 25 September 2011,Lot 59 is a piece of Malaysia 1 cent 1976 Bronze in BU grade with a reserve price of RM1,000.00.
Mr Steven Tan, the editor of STANDARD CATALOGUE OF MALAYSIA-SINGAPORE-BRUNEI COIN & PAPER MONEY,stated in his book that less than 100 pieces of this rare coins were known to exist,and is a bronze planchet.
Here were my research.
In 1973, when Bank Negara Malaysia found out the production cost of the 1973 one cent copper is higher than the face value (intrinsic value), they decided to replace the one cent copper blank with copper-clad steel blank. As a result, half of the 1973 one cent coins and all one cent coins in subsequent years are produced in copper-clad steel planchets.
Hi,
ReplyDeleteDo you mean to say that there is no 1 sen 1976 bronze? Instead it was mistakenly assume as bronze, when it is actually made of copper? Or there exist both copper and bronze planchet for that year?
Hi Shaza!
ReplyDeleteYes. Confirmed no bronze,never we have use bronze planchet to mint our one cent coins.
It is a Copper planchet.
Thanks for visiting!