This RM50 Note Was Sold For a Whopping RM708,000 And Here’s Why…
Collecting old or rare banknotes and coins are becoming popular among investors. This passion investment is often seen as a way to diversify from equities, especially in volatile times.
Back in July, an RM50 note was sold for a whopping RM708,000 – all because it’s a 2007 special Merdeka edition note.
“[The notes] were bought by numismatists themselves, probably as an investment. They might keep it for some time and re-enter the market later and sell it for a higher price. The RM50 note was a special edition issued in conjunction with the 50th anniversary of Merdeka,” Hann Boom, the director of Trigometric Auctions told FMT.
Besides the RM50 note, a 1929 Sarawak $25 note went for RM212,400 while a 1940 Malayan $1 note issued during the British administration was sold for RM188,800.
“We send the coin or notes to a company who will assess and grade them accordingly. The price is also dependent on how the owner…
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