The Official Website For The Solomon Coin Company

What is Value? Basically, there are four different types of "value" for coins and bills: Book (or "catalog") value Buy price Retail value Wholesale value Book value is an average of many dealers' retail prices for a certain coin or bill - in other words, what the average dealer would sell it for. This price is called the "book" value because you would typically find it in a published book such as the Standard Catalog of World Coins. Buy price is the price that a dealer would be willing to pay you if you sold him or her your coin or bill. Retail value is the price for which a dealer would sell a coin or bill to you. So, if a dealer wants to stay in business, he or she usually offers lower buy prices than retail prices. Wholesale value is the price for which a dealer would sell a coin to another dealer.  Wholesale value can also be a discounted price that a dealer would accept from a buyer who is purcha...

If you have some old coins lying around your house, keep them because they could be rare ones that are worth hundreds or thousands of ringgit!   In recent years, there has been an increase in the number of Malaysian coins and banknotes collectors, as with the demand for the monies. Dickson Niew, a numismatist who owns a shop that specialises in rare coins and banknotes, noted that there are now many Facebook groups and blogs on Malaysian banknotes and coins. "I think there was more than a 300% increase in the demand for local banknotes and coins from 2000 to 2015," he was quoted as saying in a cover story published by The Edge Markets  in April. In fact, old monies have become increasingly popular among investors who are looking to reap profits from their collection. Even youngsters are interested in this hobby now as the returns are rather promising. Certain banknotes and coins are worth a lot more than the actual face value of the moni...

Old Malaysian Ringgit Notes and Coins Are Worth More Than You Think Through the years there have been certain denominations of our Malaysian Ringgit that has been discontinued. Do you have any of these? It may be worth a lot now Over the years, there have been certain denominations of our beloved Ringgit that has been cut off from production. While not many have given much thought about these coins and banknotes, let us take a stroll down memory lane and find out what collectors find so fascinating about these different denominations of the Ringgit. 1 Sen Coin Do you remember using one sen coins? Or are they something you remember that everyone stuck in the McDonald's donation boxes at the counters? The 1 sen coin was mostly made out of copper or bronze clad steel. Did you know, the cost to make these copper coins cost 4.2 sen per 1-sen coin ? Based on logic alone, you would know we were losing money just keeping it in circulation. To avoid the financial p...

The demand for old or rare Malaysian banknotes and coins has surged over the past five years. Local purveyors of these pieces of history give their views on the prospects of these alternative assets. Collecting old or rare banknotes and coins is becoming popular among investors. This passion investment is often seen as a way to diversify from equities, especially in volatile times. The alternative investment provides good returns, according to Dickson Niew, a numismatist and owner of Dickson Niew Collection, a shop that specialises in rare coins and banknotes. Based on his observation and an analysis of Malaysian banknotes, prices had increased 20% year on year from 1991 to 2010. “Also, I think there was more than a 300% increase in the demand for local banknotes and coins from 2000 to 2015. The demand comes especially from the Malay community because as the economy grows, the wealth of the middle-income bracket increases, allowing them to afford such investm...