The Malaya and British Borneo One Dollar 1959 is a highly sought-after coin among collectors and investors alike. This coin was minted in 1959, during the period when Malaya was still under British rule. It became a popular currency in Malaysia, Singapore, and Brunei until 1967 when Malaysia and Singapore stopped using it as a legal tender.
History
The Malaya and British Borneo One Dollar was first minted in 1953. However, it was only in 1959 that the coin gained widespread use and recognition. The coin was minted in London and was made of 0.600 silver, with a weight of 26.95 grams and a diameter of 38.5 mm.
Design
The obverse of the coin features the effigy of Queen Elizabeth II facing right. The inscription "ELIZABETH II DEI GRATIA REGINA" can be seen around the effigy, which means "Elizabeth II, by the grace of God, Queen." The reverse of the coin features a tiger facing left, with the inscription "MALAYA AND BRITISH BORNEO ONE DOLLAR" and the year 1959.
Value
The value of the Malaya and British Borneo One Dollar 1959 depends on various factors such as its condition, rarity, and demand. As of 2021, a circulated coin in good condition can fetch around $20 to $30. However, a coin in mint condition can fetch up to $500 or more.
Factors Affecting the Value
The value of the Malaya and British Borneo One Dollar 1959 is affected by several factors. One of the most crucial factors is its rarity. The coin was only minted for a short period, and not many were produced. Coins that are in good condition and are rare are highly sought after by collectors and investors, which drives up their value.Another factor that affects the value of the coin is its condition. Coins that are in mint condition and have not been circulated are more valuable than those that have been used. The condition of the coin is determined by its luster, surface quality, and overall appearance.Demand is also a significant factor that affects the value of the coin. Coins that are in high demand are more valuable than those that are not. The Malaya and British Borneo One Dollar 1959 is a popular coin among collectors and investors, which drives up its demand and, consequently, its value.
Conclusion
The Malaya and British Borneo One Dollar 1959 is a valuable coin that has historical significance. It is a popular item among collectors and investors and is highly sought after due to its rarity, condition, and demand. If you have this coin in your possession, it may be worth more than you think. Consider having it appraised by a professional to determine its value accurately.
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