BNM Launches LKIM's 50th Anniversary Commemorative Coins

BNM Launches LKIM's 50th Anniversary Commemorative Coins

Embargo : For immediate release Not for publication or broadcast before 0900 on Monday, 23 May 2022
23 May 2022

Bank Negara Malaysia announces today the issuance of commemorative coins in conjunction with the 50th Anniversary of Lembaga Kemajuan Ikan Malaysia (LKIM).

The coins were launched by Minister of Agriculture and Food Industries, YB Datuk Seri Dr. Ronald Kiandee in an event at Wisma LKIM on 14 April 2022.

The commemorative coins will be issued in two denominations:

1. Coloured Sterling Silver Commemorative Coin (proof)

The coin weighs 31 grams and is made of sterling silver with 92.5 purity. It has a face value of RM10 and will be sold at RM253 a piece. The mintage quantity is 1,000 pieces.

2. Nordic Gold Brilliant Uncirculated (B.U.) Commemorative Coin

This coin weighs 8.5 grams and is made of copper and several other metals. It has a face value of RM1 and will be sold at RM13.20 a piece. The mintage quantity is 10,000 pieces.

These commemorative coins are also available for sale in a Set of 2. Each Set of 2 is priced at RM308. Each set comprises one coloured sterling silver proof coin and one Nordic gold proof coin. A total of 1,000 sets will be available for purchase.

Please refer to Appendix I for the detailed specifications of these commemorative coins.

Coin design

The design of the commemorative coins is as follows:

Obverse

The text "50 TAHUN LEMBAGA KEMAJUAN IKAN MALAYSIA" is shown on the left circumference of the coins.

The image on the coins features an aerial view of a fisherman pulling his net. Filled with fresh fish from the blue sea (coloured sterling silver coins only), it symbolises his skills and experience and the bounty of Malaysia's water.

Reverse

The text "BANK NEGARA MALAYSIA", as the issuing authority of these numismatic coins, is shown on the top circumference of the coin, with the official logo of LKIM's golden jubilee featured immediately below in the centre. The bottom segment features a 3D wave sculpture motif, symbolising the challenges and opportunities faced by the fishing industry. The text of "10 RINGGIT" and "1 RINGGIT" as the face value of the coins are shown at the bottom circumference.

Sale of commemorative coins

To provide a fair opportunity for members of the public to buy these limited-edition coins, there will be a purchase limit of one Set of 2, one coloured sterling silver coin (proof) and up to five Nordic gold (B.U.) coins per person.

Members of the public can place their orders at duit.bnm.gov.my from 10.00 a.m., Monday, 23 May 2022 to 11.00 p.m., Friday, 3 June 2022.

Members of the public are advised to place their orders through the Bank Negara Malaysia online system and not with or through any other party or unauthorised ordering facility. All orders will be considered, and there will be no preference given to orders based on the order date and time. In the event of oversubscription, balloting will take place.

Note: All prices are inclusive of 10% Sales and Services Tax (SST).

Appendix I

Technical Specifications

Category	Metal	Alloy	Face Value (RM)	Diameter (mm)	Weight (g)	Mintage Quantity(pcs/ set)	Price (RM)
Single	Coloured Sterling Silver (proof)	Ag 92.5	10	40.7	31	1,000	253
Nordic Gold (B.U.)	Cu89 Zn5 Al5 Sn1	1	30	8.5	10,000	13.20
Set of 2	Coloured Sterling Silver (proof) and Nordic Gold (proof)	Ag 92.5 and Cu89 Zn5 Al5 Sn1	10 and 1	40.7 and 30	31 and 8.5	1,000	308

Note: Prices stated above are inclusive of 10% SST