KUALA LUMPUR: Bank Negara Malaysia (BNM) is issuing commemorative coins in conjunction with the installation of His Majesty Seri Paduka Baginda XVI Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah Ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah as the sixteenth Yang di-Pertuan Agong on 30 July 2019.
In a statement released today, the central bank said the commemorative coins were presented to His Majesty on 26 July 2019 by the BNM governor Datuk Nor Shamsiah Mohd Yunus at Istana Negara Kuala Lumpur.
Specifications of the commemorative coins include Gold Commemorative Coin (proof), Silver Commemorative Coin (proof) and Nordic Gold Brilliant Uncirculated (B.U) Commemorative Coin.
Gold Commemorative Coin is made of gold with 999.9 purity, weighing 7.96 grams with a face value of RM100 that will be sold at RM1,800 a piece. The mintage quantity is 300 pieces.
Silver Commemorative Coin is made of fine silver with 99.9 purity, weighing 31.1 grams. It has a face value of RM10 and will be sold at RM200 a piece. The mintage quantity is 1,500 pieces.
The Nordic Gold (B.U.) coin has a face value of RM1 and will be sold at RM12 a piece. The mintage quantity is 20,000 pieces.
BNM said prices subjected to sales and services tax, except for the gold commemorative coin.
To provide a fair opportunity for the public to buy these limited edition coins, BNM said each buyer may only purchase a set of two, a gold coin, a silver coin and up to three Nordic Gold coins.
The public can also place and pay for their orders online from August 19, 2019. In the event of oversubscription, balloting will take place.