slcollectors shop SL Collectors CoinSite « Fun, Pleasure, Investment – Page 13

How to verify a genuine 1 keping sarawak coin from a counterfeit

A few days ago, I received an email asking me on how do we verify a genuine 1 keping sarawak coin from a counterfeit.

” Append below is the sender’s email:

hi peter.. i have a james brooke 24 sept 1841 coin.. how do I know its not counterfeit ? ” A few days the below said pictures were sent to me.

1 Keping Sarawak Scarce coin

1 keping Sarawak scarce coin

Sincerely I am not an expert on this but happen to have two (2) counterfeits coins which I have earlier sold to fellow collectors so maybe I am the better person to at least answer them.

Below is my reply to him ( now added with a few more pointers)

A bit of history:
(a) the 1841 counterfeits came out on the market in 1971.
(b) counterfeits occur in the copper and brass 1 keping

How to differentiate:
(i) the hair on the badger is missing;
(ii) the lettering on the obverse and reverse differs from that on the original;
(iii) the beads are not equally spaced and gaps occur in between;

(iv) some of the teeths are missing from the rims of the coins
(iv) the most obvious difference is that there is no dot after the initials J.B on the obverse of a genuine coin but on a counterfeit coin there is a dot after the initials J.B.

(v) Ensure that the normal details of this coin are met namely Edge:Plain; Weight:1.75 grammes; Diameter: 21.5mm; Composition: Copper and Brass

If you wish to know more about this 1 keping coin, please see my earlier article where a sample of my counterfeit is in that post.

 

The Fun, Pleasure, Investment in the Thematic Collection of the China Panda Coins

Today’s article is a very memorable one for me when  a fellow coin collector, Mr. Jang shared with me his collection of the crown size china panda silver coins. One of his thematic interest is the collecting of the crown sized 1 oz China Panda silver coin.(  in this case from 2005 to present 2012).  Below is how he framed up his  recent collection of  his 1 oz China Panda silver coins from 2005 to 2012:

Mr Jang's collection of the China panda coins

Jang's collection of the China Panda coin from 2005 to 2012

{PS: In reality,the actual  are very much nicer than the aforesaid photos that I have taken.}

As you noticed that the theme of this blog is on  ” FUN, PLEASURE, INVESTMENT”. Perhaps I can explained in this manner:  there is much fun in hopping around every where( shops, meet other fellow collectors,etc)  to look for what you want and when you have them you can then enjoy and find pleasure in it. After a certain period of time ( say over a period of 5 to 10 years), you can see your investment in this hobby produced good rate of returns!

Just imagine in this case, this collector is able to ingeniously framed up his collection in such an innovative and beautiful manner to be able to enjoy what he had managed to collect. Well over a period of time, his collection of his panda coin might produce fruitful results. ( China panda coins trend has always been an uptrend over a mid to long term basis )

Please do not be mistaken that I am writing this post to encourage people to go towards collecting china panda coin BUT only just to share with readers one of the ways that another fellow collector has derived much fun, pleasure ( and investment) in coin collecting.

My two cent:

About China Panda coins:

  • I would not encourage anyone to collect Panda coin right from the beginning of its issue as the first issue was 1989. Since then, due to low mintage, high demand and other factors, it is pretty difficult to collect all of them- eventually it will lead to frustration to some collectors if they failed to find or unable to afford some of the high prices of  certain dates of the china panda coins
  • Forgery or counterfeits of china panda coins are commonly encountered when you buy from e-bay or overseas
  • Perhaps, the best way really to start with  is just to collect them starting just from 2012 or just a few previous years ago and then move forwards. By doing so, it is just like investing in tangible silver bullion coins at spot prices+ a small premium) cum hedging for the future
  • Some smart collectors would only collect authenticated China panda coins ( PCGS, NGC ) though it costs a bit more than the normal one.

1921B British Trade Dollars

If you want to strike a lottery ticket, one opportunity is to look through your British Trade dollars silver coin collection to see whether you possess such rare date coins like the

  •  1935B ( only 25 pieces known to exist ) ,
  • 1934 & 1935 ( coins bearing such dates were not generally released into circulation)  and
  • the 1921B British Trade Dollars.

In KN Boon’s catalogue, there is supposed to exist only 6 pieces Specimen Known coins for the 1921B BTD coin. Therefore, just imagine how surprised and excited I am, when a fellow collector, Mr Ong who is a very serious collector of the British Trade dollars recently shared with me  that in ebay, there is on a Buy it now/best offer of Rm100,000 price tag for this rare coin:

1921B British Trade dollars silver coin Advertised in Ebay Malaysia for Rm100,000 Buy it now /Best offer. Described by owner as EF condition

My two cent:

  • Looking at the aforesaid pictures, this coin looks like it has been quite heavily circulated with nicks on the edges of the coin and being cleaned before – so the condition is ???? you guess-lah
  • Perhaps, with such high valued and rare coin, it would be worth while to get it slab and authenticated and then auction vide reputable auction bourses otherwise advertising such rare coin in ebay might not be the best avenue to get its targeted audience and price!

Understanding the Pitfalls/Dangers of Collecting Malaysian Coin cards

Reading the title of this post seems to contradict this blog’s motto of fun, pleasure, investment. Why is this so?

For the past few months, fellow collectors who are  pursuing our “Malaysian” coin cards frantically  and were not able to do so because either they cannot find them or the prices of such coin cards have gone exhorbitantly ” high and wild”. Some are speculating the prices of  certain coin cards ( not to be named)  to be at certain high level like it is a stock market!!

Yep, the ugly part of collecting these Malaysian coin cards is that due to its limited quantity ( see below table for its authorized mintage), certain quarters have “cornered” the coin cards, hoard them in their drawers and then wait for people to search for them and then slowly push out the coin cards and keep raising the prices!

My two cent to those who are starting to consider coin collecting as a hobby:-

  • if possible please do not  start collecting Malaysian coin card and go for  other avenue of coin collecting- just imagine that to date of writing there were altogether 35 issues ( including coin in education and the 1990 coins and 2011 new Malaysian coins).
  • for those who have started and have some Malaysian coin cards please be aware of such happenings! Do you want to abandon your collection and look for other avenue or to continue at your risks?
Year Commemorative of AUTHORISED MINTAGE
1 1990 Coins of Malaysia 1990
2 2000 Thomas Cup  2 millions?
3 2000 Shah Alam  10,000?
4 2001 21st SEA Games KL          200,000
5 2002 10th World Hockey          100,000
6 2002 Installation of His Majesty          100,000
7 2002 45 Year Merdeka            10,000
8 2003 13th Conference NAM              9,400
9 2003 Langkawi Maritime & Aerospace            25,000
10 2003 10th Organization of IOC            25,000
11 2003 Coin in Education-Animal Series          100,000
12 2005 100 Year Anniv Tuanku Abdul Rahman            25,000
13 2005 30th Annual Meeting of IDB            20,000
14 2005 11th ASEAN Summit            20,000
15 2005 Coin in Education-Birds Series            40,000
16 2006 Songket-The Regal Heritage            20,000
17 2006 FELDA            10,000
18 2006 UITM/Mara            12,050
19 2006 9 th Malaysia Plan (RMKe-9)            10,000
20 2006 Coin in Education-Marine Life Series            40,000
21 2007 Police            20,000
22 2007 Installation of His Majesty            10,000
23 2007 50th Anniv of Independence Day            10,000
24 2008 RMAF/Airforce            10,000
25 2008 St John            10,000
26 2009 50th Anniv of Bank Negara Malaysia            10,000
27 2009 International Year of Astronomy            10,000
28 2009 Royal Malaysian Navy            10,000
29 2009 50th Anniv of The Establishment of Parliament            10,000
30 2010 KTM            15,000
31 2010 JUPEM            10,000
32 2011 Malaysia 3rd series New coins          500,000
33 2011 Bunga Raya            10,000
34 2011 WWF            10,000
35 2012 Pandu Puteri            15,000
TOTAL COIN CARDS =35 PIECES
EXCLUDES Coin in education = 32 PIECES

Malaysia Coin Cards

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