Friday, December 13, 2013
Malaysia 1998 $50 Polymer Banknote
***The first ever Malaysian banknote made using Polymer with a face value of RM50 but sold to the numismatic public at RM80 each.
But, after 15 years, its price is still stuck at the dungeon-level, with no prospect of it ever making an inch of uptick pricewise.
Apparently, 500,000 pieces were issued, but this is a very tiny issue as after all, Malaysia has a rough total population of 25 million people, but you can nevertheless still buy a piece online for as low as RM85, or you can pop by at the Central Bank's Money Museum in KL & buy them at the price when it was first issued 15 years ago, ie, at RM80.
As such, this featured banknote is an extremely fine example of what one should never gloat about and with the grading fees at approximately RM100, this banknote is up for sale at just RM185 only.
Thus, whoever is interested, please don't hesitate to PM. Take note that the extra RM100 is actually roughly the amount paid to PMG to have the note graded. If you want to buy at RM80, you can buy it at the Money Museum.