Showing posts with label rare coin. Show all posts
Showing posts with label rare coin. Show all posts

Thursday, April 19, 2012

Another story of 1971 10 cents


Malaysia Rare Coin 1971 10 Cents Story.
Why this Malaysia  rare coin 1971 10 cents coin was minted only for 32,236 pieces?

First version of story was these 1971 10 cents coins were minted in London Mint.
During then,Bank Negara Malaysia (BNM) was in the process of setting up our local mint factory in Batu Tiga,Shah Alam.
When the factory was ready to mint our very own Malaysia coinage in May 1971 ,they called up to put a stop to London Mint,however 32,236 pieces of 1971 10 cents coins were minted.So,we took it.Together was 500,000 pieces of Malaysia 1971 One Dollar Coin minted by London Mint.(MALAYSIA COIN STORY-MALAYSIA ONE RINGGIT YEAR 1971 MINTED IN UK.)

Second version of story was when our Shah Alam Royal Mint started its minting operation in 1971,Kuala Lumpur was hits by the biggest flood ever happened since 1926,(MALAYSIA COIN STORY:THE 1971 BIG FLOOD,COINS IN LOCK-UP.). Shah Alam Royal Mint in Batu Tiga was deep in water as well. Hence,the whole operation of minting was put on hold until 1973.

My third version of story,I did some research and I hearsay from a senior collector,the 1971 10 cents coins were minted only  for 32,236 pieces was because due the dies broke.
The first version of story,only 32,236 pieces were minted in London Mint is not convincing,London Mint can produce few hundred thousand of coins a day,unless they minted our Malaysia coin 1971 10 cents  for a few hours only!While the  500,000 pieces of Malaysia 1971 One Dollar Coin minted by London Mint can be true.
The second version of story was not true because the worst floods hit Kuala Lumpur in January 1971,resulted 32 people were killed and 180,000 people were affected,and our Malaysia Shah Alam Royal Mint in Batu Tiga only started its operation on 4th May 1971,(MALAYSIA COIN STORY:THE COIN MINTING PROCESS IN MALAYSIA.).
So, the third version of story can be true?Or gets closer to the truth?
Could the reason of due to dies broke a good answer?A new Mint when starts to operate can cause a lot of technical problems,quality problems,material problems... etc. 
Could it be BNM realized that we had sufficient stock of 10 cents coins, a total mintage of 235,000,000 pieces were minted  for year 1967 and 1968.
In 1971,BNM minted 47.8 million pieces of 1 cent,16.6 million pieces of 5 cents,10 million pieces of 20 cents,8.4 million pieces of 50 cents and 2.4 million pieces of One Dollar coin,but why 10 cents were minted only 32,236 pieces ?
There are no Malaysia coin in any denomination being issued in year 1972.

May be someone out there can give us a right answer!

Gambar Belangkas