CIRCULATED SILVER & GOLD COINS IN THE NORTHERN MALAY STATES (1600 UNTIL 1957)

Welcome to Aleph Coin Blog (Circulated Silver & Gold Coins in The Northern Malay States - Kedah, Perlis & Penang - Circa 1600 until 1957). This blog will preview my current collection or new information of coins that will later be added into my on-going project (that I am doing independently, due to my interest in History and Numismatic). I might be adding information of other coin and banknote that I came across. I am looking forward and much appreciated if someone can come to give information, sharing knowledge, sample of coins into making this project a reality. I also receive support from Dr Ibrahim Baker (a medical doctor, who has so much interest in Malay coins) and Dr Mahani Musa (expert in Penang's history, USM lecturer). Should you have information to relay, don't hesitate to contact me at msah83@gmail.com - Together, we work to preserving our history...

Monday, 7 July 2008

RM500 Malaysia Banknotes

Obverse
Reverse

RM500 Malaysian Banknotes, which is now is not legal tender, but still valid for exchange at Bank Negara Malaysia for legal tender cash. According to statement from BNM's website, annoucement of the demonetisation of RM500 was made on 12 September 1998, and ceased to be legal tender effective from 1 July 1999. Total printed and circulated to market was 1,989,479 pieces. At time of announcement, BNM expecting that there were less than 200,000 pieces of combined RM500 and RM1000 in the circulation.

According to Banking Info FAQs, the note has been taken out from circulation and withdrawn it legal tender status was to complement the exchange control measures introduced in 1998.
From Standard Catalogue of Malaysia, Singapore and Brunei, 17th Edition (International Stamp & Coin):
1987 (No date) New series. The design generally similar to M57, but improved & additional security features. Vertical serial number printed in red, metallic silver feature, intermittent "stardust" security thread etc. Signed by the Bank's Governer Dato' Jaffar Hussein. Engraved and printed by Thomas De La Rue & Co Ltd. Multicolored.
M65 - 500 Ringgit; red, brown & yellow (155x83mm)
This type of banknote (and signed by earlier Governor) was issued back from 1982. The obverse features the portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong with some traditional carving, while the reverse features the Sultan Abdul Samad Building located at Independence Square in Kuala Lumpur.
Note: This information is for sharing, and I will not add into my research book. Hence answering the wonder of why I post it here. Just so that young generation knows the existence of this piece. To date, this one chip me a huge sum of money. By far, it was the most I had ever spent for this hobby.
Shahirasul, USM (2008-07-07)

Update 2012/July/14
The information has been updated at http://www.exonumi.com/?page=publish&id=1.26.BN.47170


References:

1. BNM Press Statement
Status of Demonetised RM500 and RM1,000 Currency Notes
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1537

2. Banking Info - FAQs
FAQs on The Malaysian Currency
http://www.bankinginfo.com.my/04_help_and_advice/0407_faqs/faq_malaysian_currency.php?intPrefLangID=1&


More information about the banknote can be read here:
http://www.exonumi.com/?page=publish&id=1.26.BN.47170
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