Currency with unusual serial numbers to be auctioned

  • Sme
  • Saturday, 20 Sep 2014

Bank Negara Malaysia (BNM) will auction 231 lots of bank notes with special serial numbers through its appointed auctioneer MNP Auctioneers Sdn Bhd on Sept 27, in Kuala Lumpur.

MNP managing director Stephen Soon said the notes were the fourth series of banknotes printed since 2012.

“This is the first time BNM is carrying out such an auction of banknotes.

“There are in total 231 lots to be auctioned, with each lot comprising one to 10 banknotes.

“Some of the notes to be auctioned have all the same seven-digit serial numbers and similar alphabet prefixes, while other notes have what is called ‘super ladder’ sequence and ‘super reverse ladder’ sequence numbers with similar alphabet prefixes,” he said.

MNP is the official BNM auctioneer for the Auction of Malaysian Banknotes scheduled to be held on Sept 27 at the Sasana Kijang auditorium at Jalan Dato’ Onn from 9am to 2pm.

The other Malaysian banknotes to be auctioned have extremely low serial numbers.

According to Soon, RM100, RM50, RM20, RM5, and RM1 banknotes will be auctioned.

“The indicative bidding prices starts from RM20 and can go up to RM2,000,” he said.

According to Soon, the Malaysian banknotes draw inspiration from elements which distinctively define the country’s diverse culture, heritage and nature.

“Themed ‘Distinctively Malaysia’, the fourth series of Malaysian banknotes features the art and craft, natural wonders, flora and fauna, economy and traditions of the country.

“On the obverse, all the banknote denominations in the new series features the portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong, Tuanku Abdul Rahman Tuanku Muhammad, the national flower ‘Bunga Raya’, and patterns of traditional woven fabric songket.

“The reverse of each banknote denomination features different elements of nature, tradition, culture, flora, fauna and the economy that are distinctively Malaysian,” he added”.

Soon said the main objective of the auction is to create a level playing field for numismatists and the public to obtain banknotes with special serial numbers.

“It is also to create interest and appreciation in Malaysian banknotes, and to eliminate public perception that the special banknotes are retained for private gain,” he added.

According to Soon, banks notes with special serial numbers also known as “fancy bank notes” are simply bank notes with distinctive serial numbers that has intrinsic attraction and value to collectors and non-collectors.

“Some people are attracted to the special numbers because they believe in feng-shui, and that the numbers have a special meaning to them, like their birth dates, house numbers, phone numbers, and car numbers,” he said.

In 2007 October, the world’s most expensive Asian banknote was sold at an auction in UK for £115,100 (RM608,000).

“These were the first series of banknotes printed in 1967 with super low six-digit serial numbers.

“The notes were a gift from the first Governor of Bank Negara MalaysiaTun Ismail Mohd Ali, to the fourth king of Malaysia, Tuanku Nasiruddin Shah, in 1967,” Soon said.

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