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?