In Malaysia, banknote auction is still very new especially when compared to established banknote auctions in Singapore, Hong Kong or even London. This meant that the investment opportunity remain to be huge as it become more popular and one day becomes as popular as those of developed banknote auction markets. However, since the first event organised by Bank Negara Malaysia’s official banknote auctioneer, MNP Auctioneers (Central) Sdn Bhd last year, banknote auction is fast gaining traction as a form of alternative investment. In that first event, the results were beyond expectations and bidders from all over Malaysia and even out of Malaysia flew in just for the event. MNP Auctioneers said that their email box was full of new inquiries every day until after the event!
The second Bank Negara Malaysia (BNM) Malaysian Banknotes Auction is BACK. It will be held on the 29th March 2015 at its state-of-the-art money museum, Sasana Kijang, Kuala Lumpur! This exclusive event is once again organised by BNM’s official auctioneer, MNP Auctioneers (Central) Sdn. Bhd. This time total lots on auction is 178, with indicative price ranging from RM20 to RM1,500. Yes, you read it right, starting from RM20. Please do not think too much on what’s the probability that you may win. Think a little further about how your investment may give you huge returns many years down the road.
This time BNM will launch 17 lots (do download the pdf file here) specially-framed with a serial number certificate. MNP Auctioneers’s managing director Stephen Soon believes that these lots will receive the hottest bids of the day! They expect many new collectors (newcomers) will join in to bid for the banknotes with special serial number which was reserved by BNM to be auctioned off as auction is an open platform. The ultimate purpose is to give the public an opportunity to own a piece of these one and only banknotes in the world. This second auction has also some improvement especially the authentication part. As there is no public viewing on the banknotes to be auctioned, MNP Auctioneers has prepared a detailed description for the banknotes to give bidders a bit more information and idea about the quality of the banknotes that they are bidding. Download it here: MNP Booklet (Second Auction)
The special serial number banknotes to be auctioned for this time includes the 4th series that has been circulated since the year 2012. MNP has organised an open day on 21st March in support of this upcoming event. Interested bidders are advised to register early before the auction day to prevent any inconveniences that may arise during peak registration hour. During auction day, registration will open at 8.30am and closes strictly at 10am (first session commences at 10.30am). Registration will re-open at 10.45am and closes at 1pm (second session commences at 1.30pm).
What happened in the first auction last year? Some basic statistics for the inaugural auction dated 27.9.2014:
Details for the event:
Date: 29th March 2015 (Sunday)
Venue: Sasana Kijang, Kuala Lumpur (Within Bank Negara Malaysia)
MNP Auctioneers (Central) Sdn Bhd is the Official Auctioneer for Bank Negara Malaysia. It is also certified to ISO 9001:2008 QMS.
Next suggested article: Banknote Auction Malaysia, First One Ended on a High Note.