New Year Greetings again..............................

Wishing all my Chinese friends and fellow collectors...............................................................  
                              
                             A  Very, Very Prosperous and Happy Chinese New Year!
                       May you get the banknotes you want at a bargain and sell with reasonable gains!!

This ang pow has a picture of a 1961 $10 'duit kerbau' banknote with a so called Chinese auspicious serial numbers. A stack of it was recently given to us by a friend, who had kept it for a long time.I wonder who printed this ang pow and whether are there any no other ang pows depicting banknotes? Anyone care to share?

Recently, I managed to acquire this serial number A/1, 1961 $10 'duit kerbau'............after selling my only A/1 AU piece to a good friend many, many 'donkey' or "kerbau" years ago for peanuts as they say..........S$35.00 YES!YES......S$35, Singapore Thirty Five dollars. This piece cost me more than 10 times of what I sold for!

Was it worth it? You tell me..................

Another very interesting point that I want to share with fellow collectors................

At the last Mavin International auction the following set was put up for bidding and the reserve price was S$75,000.00 (about RM183,750.00)

and sadly for the owner it was not sold, thereby probably costing him to pay auctioneer fees of about S$3,750.00 (may have cried lah! ...having to pay the commission for nothing)

Now the interesting part...............................roll back about 23 years to the year 1989 and this what it is all about:

An international coin & paper money auction & exposition "NUMISMEX '89" jointly organised by Merit Direct Marketing P/L and Spex P/L  held an auction at The Oriental Hotel Singapore on 31st August, and this very same set was put up for bidding with a reserve price of US$500.00 and sold for US$1,400.00 + 10% commission ( about S$3,350 or RM9,000....1989 exchange rate)............now I want to cry lah!! so cheap, cheap, cheap!! don't know how to bid!

So the moral of the story or article?

Belated Happy New Year!

            A very Belated Happy New Year, 2012 again to all my friends and collectors out there!

This year began well for me as I managed to get a rare signed banknote from an American dealer, this particular note was mentioned in my last blog article.................

and only just yesterday, an uncut piece of this banknote graded by PCGS as NEW 61,

was sold for:  

This translates to about SGD6,350.00 or about MYR15,360.00, and in the mid 1990s a better piece of this series of uncut sheet was going for about SGD800.00.

May this piece of good news bring cheer and happiness to all banknote collectors that the banknote market is alive and well despite all the depressing world current economic situtation.