Most of us have things that we like to collect, such as keychains, fridge magnets, coffee tumblers and mugs. But how much would you be willing to spend on something only for the purpose of collecting and storing it.
Recently, it was reported that a 1 sen coin from 1993 is being sold for RM10,000 on Lazada! Despite the high price, since the coin has been out of production for many years, some collectors would be willing to pay the steep asking price.
The 50 sen coin is currently the most expensive coin in circulation. However, in the past, there used to be coins for RM1, which are now basically nonexistent, as RM1 is now solely denominated in banknotes.
In a similar listing, a seller sells RM1 coins from 1994 on Lazada for RM 10,000!
What makes old coins so expensive?
For non-coin collectors, this might be a considerable amount of money to spend on an old coin, but there are 7 main reasons why the value of old money could be so expensive.
According to SelayangPadang, the 7 reasons include:
- Low mintage (small amount of production),
- Variety of coins (type of metal),
- History of the money,
- Condition of the money,
- Large production of the same coin,
- Coin error,
- Request from old coin collector.
Isn’t that interesting? Perhaps it’s time to look around to see if you have any old coins you can try selling for a fortune.
Would you ever spend that amount of money to own something to add to your collection? Let us know in the comments.
WATCH: M’sian Coast Guard Heroically Rescues 5 Fishermen Stranded On A Rock In Rough Seas
Five local fishermen who were stranded on Pulau Batu Berantai in Selangor owing to heavy weather, which was 1.4 nautical...
5yo French Boy Dies After Jellyfish Sting In Pangkor Island
The sea is a beautiful place to be when the weather is hot. However, we must never forget that other...
Zahid Hamidi Shows Support To Najib Following Court Decision, Urges UMNO Fans Not To Lose Hope
On August 16, former Prime Minister Datuk Seri Najib Razak had his application to produce new evidence in his final...
Johor To Implement 4-And-A-Half Days Of Work Per Week By Year End?
For many decades, humans around the globe have been working on a 5-day work schedule and it wasn’t until the...
Super Idol Winner & M’sian Singer Eison Chai Found Dead At Train Station In Taiwan
Death often creeps in unexpectedly. Just yesterday (August 17), a Malaysian pop singer based in Taiwan met his demise after...
JUST IN: First Human-To-Pet-Dog Transmission Of Monkeypox Has Been Confirmed In France
While the world is still battling Covid-19, the sudden outbreak of monkeypox has caused a lot of stress to people...
15yo Girl & 3 Male Friends Arrested After They Were Found At Kedah Motel With Used Condoms
A teenage girl was arrested along with three male friends after a motel they were at in Padang Temusu, Kedah,...
KLIA & Langkawi International Airport Named Among World’s Best Airports; Netizens Disagree
KL International Airport (KLIA) and the Langkawi International Airport (LGK) have been listed among the world’s best airports for Q2...
M’sian DJ Remixes Voice Notes From Viral Gas Cylinder Incident
Earlier in the week, a post was shared on a FB group regarding a Malaysian Auntie constantly going MIA from...
Malaysian Husbands Try Steaming Their Wives Favourite Clothes
Malaysian Memoirs | The Accident That Changed Everything (The Kumaar Family Story)
Social Stories24 hours ago
Najib’s Daughter’s Instagram Story About Injustice Gets Flagged For False Information
Social Stories19 hours ago
“My grandfather will look for you” – M’sian Jokes About Deliveryman Who Left Package Inside Joss Paper Burner
Social Stories21 hours ago
Woman Shocked That She Has Been A Mistress To Her “Husband’ For 10 Years
Social Stories22 hours ago
Ballsy Alicia Amin Stands Up Against KLFW Founder Andrew Tan For Delaying Payment To Models