Friday, 27 June 2014

Malaysia Coins - 1967 First Series








Descriptions
Observe : Malaysian Houses of Parliament and the federal star and crescent moon from the canton of the Malaysian flag.  Initials of the designer, Geoffrey Colley, “GC” below the Parliament House.

Reverse : MALAYSIA, ‘Year of Mint’, ‘Value’


Technical Specifications
value
diameter
thickness
weight
composition
edge
1sen
18.0mm
1.00mm
1.95g
bronze
plain
copper clad steel
reeded
5sen
16.0mm
1.05mm
1.42g
cupronickel
reeded
10sen
19.4mm
1.20mm
2.82g
cupronickel
reeded
20sen
23.4mm
1.50mm
5.69g
cupronickel
reeded
50sen
27.8mm
2.10mm
9.40g
cupronickel
reeded
"Bank Negara Malaysia"
$1
33.5mm
n.a.
n.a.
cupronickel
"Bank Negara Malaysia"

year of mint
 1sen
 5sen
 10sen
 20sen
50sen
 $1
1967
p
p
p
p
p

1968

p
p
p
p

1969



p
p

1970






1971

p


p
p
1972






1973
p  
p
p
p
p

1974






1975






1976

p
p
p


1977


p
p
p

1978
p
p
p
p
p

1979

p
p
p
p

1980

p
p
p
p
p
1981
p
p
p
p
p

1982
p
p
p
p
p

1983
p

p

p

1984
p



p

1985
p
p


p

1986
p



p

1987
p
p

p
p

1988
p
p
p
p
p





History
Bank Negara Malaysia ( BNM ), the Malaysian Central Bank was established on the 26th January 1959 as the Bank Negara Malaya.  On the 12th June 1967, the BNM issued the new Malaysian dollar to replace the Malaya and British Borneo dollar at par.

Dollar is called ringgit in Malay language.  The word was originally means “jagged” in Malay referring to the serrated edges of silver Spanish dollars widely circulated during the 16th and 17th century.

Despite the introduction of the new currencies in Malaysia, Singapore and Brunei, with the Interchangeability Agreement, Malaysian dollar was exchangeable at par with Singapore dollar and Brunei dollar.  Malaysia withdrew from the agreement on 8th May 1973, while Singapore and Brunei exited in 2009.

The first series of sent coins were introduced in 1967 in denominations of 1sen, 5sen, 10sen, 20sen and 50sen.   $1 coin was introduced in 1971.   Virtually all the coins were minted in near-consistent observe and reverse designs.   All coins were minted from cupronickel, except for the 1sen which was first composed from bronze ( 1967-1972 ), then in steel clad with copper ( 1973-1998 ).  The 50sen underwent a minor modification in 1971 where its edge to include “Bank Negara Malaysia” letterings.



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