Malaysia 2017 100th Anniversary of the Malaysian Palm Oil Industry RM10 silver proof coin

Technical Specifications:
Type: Silver Proof
Metal: Silver (Ag99.9)
Face Value (RM): 10 RINGGIT
Mintage (piece / set): 700
Diameter (mm): 40.7
Weight (g): 31.1
BNM's Retail Price: RM243.80

History

On July 27, 2017, YB Datuk Seri Mah Siew Keong, the Minister of Plantation Industries and Commodities, launched the 100th Malaysian Palm Oil Industry Anniversary Commemorative coin at the Museum and Art Gallery, Bank Negara Malaysia, Sasana Kijang, Kuala Lumpur.

On the front feature, the official logo of the 100th Anniversary of the Malaysian Palm Oil Industry celebration which reflects the progress of the palm oil industry in Malaysia is depicted in the centre of the coin. The words “MINYAK SAWIT MALAYSIA, KEBANGGAAN DAN PENCAPAIAN KITA” appears on the circumference of the coin.

At the back of the coin shows the words “BANK NEGARA MALAYSIA” as the issuing authority of the commemorative coin are featured on the upper circumference of the coin, while the face value of the coin is inscribed on the lower circumference. The center of the coin features the image of the stylized palm oil tree, symbolizing the growth and development of the palm oil industry towards achieving excellence in its 100th-anniversary celebration.

The commemorative coins are minted and packed by Bank Negara Malaysia and sold on Wednesday, August 9, 2017, at the Bank Negara Malaysia Museum and Art Gallery (MAG) and at Bank Negara Malaysia's office in Penang, Johor Bahru, Kota Kinabalu, Kuching, and Kuala Terengganu.