The Malaysian Kijang Emas is the official bullion gold coin of
Malaysia and is minted by the Royal Mint of Malaysia. It was first
issued in 17 July 2001[1]. Malaysia is the 12th country in the world
to issue its own gold bullion coin.
The Kijang Emas has a gold purity of .9999 millesimal fineness. The
coins come in denominations of RM200, RM100 and RM50 which are nominal
face values, and weighs 1 oz, ½ oz and ¼ oz respectively. RM is the
notation for the Malaysian ringgit.
The purchase and resale price of Kijang Emas is determined by the
prevailing international gold market price.
The Malaysian Kijang Emas was first minted in December 2000 by the
Royal Mint of Malaysia. It was launched by the then Prime Minister of
Malaysia, Tun Dr. Mahathir Mohamad on 17 July 2001.
Malaysia is the 12th country in the world to issue its own gold
bullion coin, and joins the joins the ranks of the Canadian Gold Maple
Leaf, American Gold Eagle, Australian Gold Nugget, and South African
Krugerrand.
The design on the obverse of the Kijang Emas depicts a barking deer
("kijang") in its natural habitat in the Malaysian jungle. Also
appearing on the obverse are the words BANK NEGARA MALAYSIA, for the
central bank of Malaysia as the issuer of the coins; KIJANG EMAS; the
weight; gold purity; and the year of minting.
The reverse side features the hibiscus, the national flower of
Malaysia together with the denomination face value, as well as the
words BANK NEGARA MALAYSIA in Jawi (Arabic) script.
The purchase and resale price of Kijang Emas is determined by the
prevailing international gold market price. For example, on 18 January
2008, the coins are offered for sale at RM3,052, RM1,555 and RM792 for
1 oz, ½ oz and ¼ oz respectively, when the price of gold in the market
was US$879 (RM2,916) per troy ounce.
The Kijang Emas is retailed by Maybank and CIMB Bank in Malaysia.
Manufactured by the Royal Mint of Malaysia in the traditional weight of a dinar (4.25grams) according to the weight regulations set by the 2nd Muslim ruler after the death of Prophet Muhammad, Caliph Umar.
When you enlarge the picture the Arabic in the middle reads 'Muhammad, the Messenger of God'
It is worth visiting the Royal Mint, about 30 minutes outside of Kuala Lumpur, just to see the spread of coins they have :)
Abu Bakr ibn Abi Maryam reported that he heard the Messenger of Allah, may Allah bless him and grant him peace, say: "A time is certainly coming over mankind in which there will be nothing [left] which will be of use save a dinar and a dirham." (The Musnad of Imam Ahmad ibn Hanbal) | ||
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According to Islamic Law... The Islamic Dinar is a specific weight of 22k gold (917.) equivalent to 4.25 grams. Umar Ibn al-Khattab established the known standard relationship between them based on their weights: "7 dinars must be equivalent to 10 dirhams." "The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment [of zakat, etc.] upon which its judgements may be based rather than on the non-shari'i [other coins]. Know that there is consensus [ijma] since the beginning of Islam and the age of the Companions and the Followers that the dirham of the shari'ah is that of which ten weigh seven mithqals [weight of the dinar] of gold. . . The weight of a mithqal of gold is seventy-two grains of barley, so that the dirham which is seven-tenths of it is fifty and two-fifths grains. All these measurements are firmly established by consensus." Ibn Khaldun, Al-Muqaddimah |
Top 10 Reasons to Invest in Physical Gold
1) Gold has always been, and will always be, the most legendary precious metal in the world.
2) Gold will always be in demand, and demand is increasing.
3) Gold is an inflation-proof investment.
4) Unlike paper currency, stocks and bonds, gold will never loses its intrinsic value.
5) Gold maintains its value through political and social upheavals, wars, and natural disasters.
6) A tangible and liquid asset, gold is the only truly international currency.
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8) Physical (allocated) gold is the most secure way to invest in gold.
9) Gold should be part of every optimally diversified portfolio.
10) No other investment has the wealth preserving power of gold!The History of Kelantanese Currency
Between 1400 to 1780, a number of gold coins or Kupang were known to be minted for used in Patani and Kelantan. Unfortunately, little is known about the history of Kelantan coinage as these coins were not
dated, except for the gold Kupang with the inscription “Al Julus Kelantan”, which were issued after 1780. The Kelantan-Patani gold coins which were on display in the Museum were only minted in one denomination, namely a Kupang, which contained approximately 9 grains
of gold. There were three types of Kelantan gold coins: the Kijang coins, the Dinar Matahari or Sun coins, and coins with Arabic inscriptions on both sides. The Kijang coins derived their name from the motif of the Malayan barking deer or Kijang embossed as the obverse design. This motif is used as the logo of Bank Negara Malaysia.Several types of tin pitis, which were cast in the form of “coin
trees” were also issued. The tin coin trees were produced by the use of moulds adapted from those used by the Chinese to cast copper coins. The coins were broken off from their branches to be used as cash, and the unused metal of the tree was then re-smelted in the next casting. All issues of Kelantan local coinage were discontinued in 1909 when the Straits Settlements coinage was introduced.
The Kelantanese dinar was first struck in 2006 by Mariwasa Kraftangan, a local producer of souvenirs and copies of objects of art and culture. The Government of the Malaysian state of Kelantan attempted to give the dinar a legal tender status, but this was vetoed by the federal Malaysian government in Kuala Lumpur. The dinar has now been privately issued, albeit without a legal tender status. The only currency that is legal tender in Kelantan is the Malaysian ringgit. According to the Malaysian constitution, ninth schedule, list I sub 7.a the states of Malaysia do not have the right to issue coins.
The coins have a metallic composition of 22 carat gold. There are 3 denominations - 1/4,1/2, and 1 dinar.
Public Gold bullion
Golden Opportunity to invest ingold bullion. Public Gold is the first in Malaysia to Buy and Sell physical gold at International Gold Market Price. Physical gold is the most secure way of invest in gold. Physical Gold is the truly international currency. Public Gold offers a stable store of value with potential appreciation over time. Public Gold is minted with
fineness of 999.9 of gold purity by Public Gold Mint Sdn Bhd.The main advantage of trading with Public Gold is the small differenc e between buying and selling price. Public Gold offers the best wealth preserving instrument.
Public Gold also offers Customed Minted Gold Coin to Corporate Customers.
With 3 kgs of bar in your safe your family member will never be a refugee in another country.
United Overseas Bank (OUB)
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Investing in gold bullion coins via UOB
UOB offers the following bullion coins in various sizes, ranging from 1/20 ounce to 1 ounce:
- Canadian Maple Leaf gold coins
- American Eagle gold coins
- Australian Kangaroo gold nuggets
- Singapore Lion gold bullion coins
Canadian Maple Leaf gold coins
Introduced in 1973, the Canadian Maple Leaf gold coins are a favourite with global investors. The Canadian Maple Leaf gold coins are stucked by the Royal Canadian Mint, the Canadian Maple Leaf gold coins are valued for their portability, liquidity, and purity - guaranteed by the Government of Canada. These coins are the first ever to reach .9999 purity, an achievement reflected in the “9999″ hallmark found on every of these coins.
American Eagle gold coins
The American Eagle gold coins are official gold bullion coins of the United States. Authorised under the Gold Bullion Act of 1985, these coins were first released by the United States Mint in 1986. Unlike the Canadian Maple Leaf gold coins, the American Eagle gold coins are made with an additional alloy of silver and copper to produce a more wear-resistant coin of .91670 fine gold. The American Eagle gold coins are backed by the United States Mint for their weight and content.
Australian Kangaroo gold nuggets
Minted by the Perth Mint, the Australian Kangaroo gold nuggets are one of the few legal tender bullion gold coins to change their design every year, another being the China Gold Panda. This and their limited annual mintage may, unlike other bullion coins, raise their numismatic value over the value of their gold content. Unlike the other three bullion gold coins offered by UOB, the Australian Kangaroo gold nuggets are available in denominations of 1/20 ounce, 1/10 ounce, 1/4 ounce, 1/2 ounce, 1 ounce, 2 ounce, 10 ounce, and 1 kilogram.
Singapore Lion gold bullion coins
The Singapore Lion gold bullion coins are minted by the Singapore Mint, issued since 1991. Each coin bears the design of a majestic roaring lion’s head on the reverse and the Singapore Arms on the obverse. The Singapore Lion gold bullion are cherished for their limited mintage and may have the chance to raise their numismatic value over the value of their gold content in future.
Are you spoilt for choice and don’t know which bullion coin to buy? Here’s a quick tip for you. If you are looking for the highest purity of gold, choose the Canadian Maple Leaf gold coins. For toughness and durability (though I believe you will keep your coins in a safe environment), pick the American Eagle gold coins. If you are looking at higher chances of numismatic value for your bullion coins, pick either the Australian Kangaroo nuggets or the Singapore Lion.
This post first appeared on MAHSEER BREEDING And GOLD BULLION NEWS, please read the originial post: here