Penang Guy Buys RM1 Banknote With ‘8888888’ For RM1,000
Other buyers offered between RM300 and RM700 for the banknote.
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A coin collector from Penang bought a 1 ringgit banknote with seven “8s” printed on it at a high price of RM1,000.
The purchase was shared on social media which then caught the attention of netizens who commented if it was worth such a price.
The 31-year-old coin collector, Ah Kai, said a seller from Kuala Lumpur sent him a photo of a 1 ringgit banknote.
The banknote from the photo is not too old or special.
The signature on the banknote is that of Tan Sri Zeti Akhtar Aziz, the Governor of Bank Negara Malaysia, from 2000 to 2016.
@wanglamamalaysia Rezeki Abang John dapat RM1000🙏🙏 #WangLama #Malaysia #WangLamaMalaysia #DuitLama #SyilingLama #Collection #Koleksi #DuitMalaysia #高价收购旧钞票 #收购旧钞票 #高价收购旧钞 #Antik #收购旧硬币 #JualBeliDuitLama #Penang ♬ original sound – Ah Kai Wang Lama
He said there are generally many banknotes with Zeti’s signature on the market, but what attracts him the most is the set of numbers on the banknotes, “WY 8888888”.
The number eight (八) is considered a lucky number in Chinese culture.
This is because the pronunciation of “eight” in Mandarin Chinese (bā) sounds similar to the word for “prosperity” or “wealth” (发, fā).
To verify the banknotes, he drove from Penang to Kuala Lumpur to meet the seller.
The number 8 is really attractive to me, so I decided to buy it at a high price; other buyers were only willing to bid RM300 to RM700. I was willing to pay a higher price to get what I wanted. In the end, I successfully bought it for RM1,000.
Coin collector Ah Kai on his prized catch.
He said it is difficult to simultaneously find all the same numbers on a banknote.
Often these are considered ‘hot’ and will be snapped up.
AhKai told mStar that he has a soft spot for all the same banknotes, and he likes to collect old banknotes with these “popular” numbers.
He already owns banknotes with all the same digits of 1, 3, 7, 8, and 9.
Ah Kai started collecting and buying old banknotes in 2012, treating it not only as a hobby but also as a business.
He likes to collect ringgit, even coins from the Malayan era because he loves Malaysia and its history.
So far, he has collected nearly 500 pieces of ringgit notes and coins from the Malayan era and some banknotes from China and Singapore.
Extremely Collectible And Valuable
Money with unique serial numbers is worth the same amount as any other currency with the same denomination.
The unique serial number does not give the currency any extra intrinsic value.
However, some collectors may be willing to pay a premium for banknotes with unusual or rare serial numbers, such as those with repeating digits, low serial numbers, or other unique patterns.
The value of a banknote with a unique serial number is largely determined by its rarity and desirability among collectors.
For example, a $1 bill with a serial number that reads “12345678” or “00000001” may be considered rare and desirable and, therefore, may be worth more than its face value to a collector.
This PMG-certified Malaysia, Bank Negara ND (2001) 50 Ringgit note with an Ascending Ladder Serial Number is featured in a Trigometric sale. This note is joined in the sale by hundreds of rarities certified by PMG and NGC. View the sale highlights at https://t.co/txnlwTaxBb pic.twitter.com/mIv81720vF
— PMG (@PMGnotes) October 5, 2022
Additionally, banknotes in excellent condition may be worth more than those worn or damaged, regardless of the serial number.
It’s important to note that the value of these banknotes is subjective and can vary depending on the collector’s interest, availability, and demand.
Ultimately, the market determines the value of a currency with unique serial numbers, and collectors are willing to pay what they believe the banknote is worth.
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