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 pressures of producing these coins, Bank Negara website states that the government implemented a rounding mechanism in the year 2008 and its main reason was to save cost in producing these coins.

With the coins no longer being used, some of the coins have managed to developed a higher value due to its collectible value. According to a website called Malaysian Coin some of these 1 sen coins are worth from RM2 to as much as RM1,800 depending on year and condition.

1 Ringgit Coin

The 1 Ringgit coin was introduced in to the Malaysian market in 1971. The 1 Ringgit coin initially used the dollar sign “$1” and was later changed to 1 Ringgit in 1993. These 1 Ringgit coins were later demonetised on 7th December 2005 and withdrawn from the market.

Since there were duplicate values of this denomination in the form of coin and banknote, people generally preferred the banknote as compared to the coins. That comes as a no brainer, coins were cumbersome to lug around as compared to having lighter banknotes in their wallets.

On top of that, some sources claim that these coins were easier to forge as compared to printed banknotes. However, Bank Negara had denied all such allegations and while there were few isolated cases of forgery, it was definitely not widespread.

Despite the coin being demonitised, the coin carries value in the collector's market. Though its resale value is not as high as the 1 sen coins, the 1 Ringgit coins still fetch a good return of up to RM 180. Collectors claim it is difficult to get genuine ones as there were fake coins in the market and could possibly the reason why its value did not skyrocket the way the 1 sen coins did.

2 Ringgit Banknote

When Bank Negara issued these notes in the year 1996 , the theme of the design was to commemorate and reflect the “Vision 2020”. While the 2 Ringgit note is still recognised as legal tender, it is worth so much more as a collector's item as compared to using it for day to day purchase.

To the right collector, the 2 Ringgit note with the signature of Governor Tan Sri Dato' Ahmad Bin Mohd Don could be worth a whopping RM4,000. Being one of the most wanted pieces by collectors, it is no wonder it can fetch almost double of a fresh graduate's salary.

Commemorative 50 Ringgit Banknote

In the year 1998, Malaysia was host to the Commonwealth Games in the iconic Bukit Jalil Stadium. In commemoration of the event, Bank Negara issued a limited edition 50 Ringgit polymer banknote. The banknote was produced in a limited quantity of 500,000 pieces. The note's legal tender value is exactly RM50 but it was sold as a collectors item in packaged folders for RM80 per piece.

Eighteen years later and the value of the limited edition notes have gone up in value. While being unable to determine exactly how much these notes are, the range on ebay go from as low as USD89.99 (RM367) to USD300 (RM1,224). Despite being a limited edition collector's item its appreciation value has surprisingly only gone up approximately 4.5 times its original value.

Money Money Money!

Even if you aren't a collector, try hunting down all your old 1 sen or 1 Ringgit coins and your old 2 Ringgit notes. They may be hidden some where and might be worth something. You could be sitting on a gold mine without even realising it. With all the profits you could potentially get, open up a savings account and keep that money safe.

If you would like to check out our many saving account options and sign up for one, visit our website and use the comparison tool to find one perfect for you. Just be sure not to bank in these valuable pieces along into your savings account.

If you have anything to add to the article, feel free to do so in the comments below.

Image Sources: Image 2 from Sally Yong ; Image 3 from MS Collection Site

0 comments

Agree or disagree with this post? Questions? You also have your word!

  • Jeannie

    even we have the money..where to get the buyer???

    Reply
    • RinggitPlus

      Hey Jeanie,

      You could try this link below and see what type of offer you end up receiving.

      http://www.banknotes.com/offer.htm

      Alternatively, you could consider using some of these platforms to find a buyer.:
      - Forums
      - Bidding websites like E-bay / leleong / Mudah,
      - Facebook and other social platforms

      Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

      Thank you.

      Reply
    • Abdul rahman

      I have 1 cen coin howbdo i want desperse and sell

      Reply
      • Aaron

        Question: If we have those old notes, coins, where can we sell/trade it for a good price?

        Reply
        • fakhriyusof

          Inbox me

          Reply
          • David Chow

            hi how can i get buyer for old notes i have few old notes to offer

            Reply
            • Nicholas hoo

              Hey how can I inbox you? Can I have your email pls

              Reply
            • RinggitPlus

              Hey Aaron,

              You could try this link below and see what type of offer you end up receiving.

              http://www.banknotes.com/offer.htm

              Alternatively, you could consider using some of these platforms to find a buyer.:
              - Forums
              - Bidding websites like E-bay / leleong / Mudah,
              - Facebook and other social platforms

              Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

              Thank you.

              Reply
            • Abdul rahman

              I have the 1 cen coins and 2 ringgit.how do i want to sell it

              Reply
              • fakhriyusof

                Inbox me

                Reply
                • RinggitPlus

                  Hey Abdul Rahman,


                  You could try this link below and see what type of offer you end up receiving.

                  http://www.banknotes.com/offer.htm

                  Alternatively, you could consider using some of these platforms to find a buyer.:
                  - Forums
                  - Bidding websites like E-bay / leleong / Mudah,
                  - Facebook and other social platforms

                  Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                  Thank you.

                  Reply
                  • RinggitPlus

                    Hey Abdul Rahman,


                    You could try this link below and see what type of offer you end up receiving.

                    http://www.banknotes.com/offer.htm

                    Alternatively, you could consider using some of these platforms to find a buyer.:
                    - Forums
                    - Bidding websites like E-bay / leleong / Mudah,
                    - Facebook and other social platforms

                    Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                    Thank you.

                    Reply
                  • RM1Guy

                    I still have a RM 1 note! How much does that cost???

                    Reply
                    • Suji

                      I have British malaya coin

                      Reply
                      • fakhriyusof

                        Inbox

                        Reply
                        • gersonmartinez

                          Text me on WhatsApp+19013130851

                          Reply
                        • Jennifer

                          Hi I hv

                          Reply
                          • Mary Morgan

                            Send me your what’s app number on my email I want to buy > [email protected]

                            Reply
                            • Ahmad

                              I buy it from you mr

                              Reply
                              • cheng

                                your contact please

                                Reply
                              • RinggitPlus

                                Hey RM1Guy,

                                The banknote depends on its year, condition, material, serial number and etc.

                                We are not able to value the banknote itself but you may do your research online and check out some forums, or head online to e-bay and other such websites to see what other people are selling it for.

                                Thank you.

                                Reply
                              • rockit

                                Any idea on where I can sell them?

                                Reply
                                • fakhriyusof

                                  Send me your contact info on email
                                  [email protected]

                                  Reply
                                  • RinggitPlus

                                    Hey Rockit,


                                    You could try this link below and see what type of offer you end up receiving.

                                    http://www.banknotes.com/offer.htm

                                    Alternatively, you could consider using some of these platforms to find a buyer.:
                                    - Forums
                                    - Bidding websites like E-bay / leleong / Mudah,
                                    - Facebook and other social platforms

                                    Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                    Thank you.

                                    Reply
                                  • Abdul Halim Bin Dandai

                                    Good news to the collector but How to redeem this coin & notes?

                                    Reply
                                    • RinggitPlus

                                      Hey Abdul Halim,

                                      You could try this link below and see what type of offer you end up receiving.

                                      http://www.banknotes.com/offer.htm

                                      Alternatively, you could consider using some of these platforms to find a buyer.:
                                      - Forums
                                      - Bidding websites like E-bay / leleong / Mudah,
                                      - Facebook and other social platforms

                                      Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                      Thank you.

                                      Reply
                                      • RinggitPlus

                                        Hey Abdul Halim,

                                        You could try this link below and see what type of offer you end up receiving.

                                        http://www.banknotes.com/offer.htm

                                        Alternatively, you could consider using some of these platforms to find a buyer.:
                                        - Forums
                                        - Bidding websites like E-bay / leleong / Mudah,
                                        - Facebook and other social platforms

                                        Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                        Thank you.

                                        Reply
                                      • Lai Ye min

                                        I got old RM 1.00 notes want to sell
                                        What is the price

                                        Reply
                                        • RinggitPlus

                                          Hi Lai Ye Min,

                                          We do not value currency, but you may check your RM1 banknote value at this place:

                                          http://www.alphanumis.com/

                                          Thanks.

                                          Reply
                                        • kumaresan

                                          I have a one note of $1 ringgit..where can i ssale it..

                                          Reply
                                        • VuLa Lee

                                          The 1 Ringgit Coin info about value till Rm180 is not accurate. None of any 2nd Series or Bunga Raya $1 (1989-1996) can reach Rm180. Max only Rm20. That also depend on many factor..... Condition,Rarity,Mintage etc......

                                          Old Coin/Banknotes does not mean got high value.

                                          Reply
                                          • Mr secret

                                            If you want it on bigger price then sell it to international buyer

                                            Reply
                                            • Zakir Hossain Mopasha

                                              EXACTLY. Yes you are absolutely right. Actually most of us don't know about the fact of a coin, what you've said Lee. We only know to hear something from someone and after being heard just do jump here to there, but knowing the actuall fact. Whatever! Yes Lee I appreciate your comment, and thank you very much.

                                              Reply
                                            • Abu

                                              Hi i want to sell my old money 4 note..if any wanna want to buy can contactme 0173316304

                                              Reply
                                            • Wayne

                                              I have 100 running numbers 5 ringgit note with the “cross” flag pole... How much would that be worth?

                                              Reply
                                              • RinggitPlus

                                                Hi Wayne,

                                                We do not value currency, but you may check the value of yours at
                                                http://www.alphanumis.com/

                                                We hope this helps!

                                                Reply
                                              • Roland

                                                I have a 1939 rm1 coin. Where can I get a fast buyer

                                                Reply
                                              • Sharu aakash kancha

                                                I have 2 ringet

                                                Reply
                                                • Kt sara

                                                  Malaysia old dua Ringets changing

                                                  Reply
                                                  • K. Magil maran

                                                    I have lot of Malaysia coin available you want buy

                                                    Reply
                                              • Patrick

                                                In Malaysia there is no genuine people.Everybody wants a bargain.They will not offer you the right price and will always try to rip you off.I am currency collector and everytime I try to sell some pieces to get some cash they offer me below market and most of the time below the price I bought even though I show them the receipts.So do not buy these things as an invesment as you will end up losing.

                                                Reply
                                                • An

                                                  Patrick, can I have your contact no. Or email address? Who knows I might have something you like

                                                  Reply
                                                • Shem

                                                  A friend of mine have an uncut 10 ringgit banknote, How much would that be worth?

                                                  Reply
                                                  • RinggitPlus

                                                    We don't value currency, but as stated before in the comments section, you can check out http://www.alphanumis.com/ to find out.

                                                    Reply
                                                  • HAHA SAD

                                                    Sad life answering to all these rubbish comments of 1 cents coin

                                                    Reply
                                                    • Ashwin

                                                      I have many 1sen.Where can I sell it ?

                                                      Reply
                                                      • RinggitPlus

                                                        Hey, Ashwin.

                                                        You could try this link below and see what type of offer you end up receiving.

                                                        http://www.banknotes.com/offer.htm

                                                        Alternatively, you could consider using some of these platforms to find a buyer.:
                                                        - Forums
                                                        - Bidding websites like E-bay / leleong / Mudah,
                                                        - Facebook and other social platforms

                                                        Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                        Thank you for the question and we hope this help.

                                                        Reply
                                                      • Mizi Nordin

                                                        I want sell my old coins $1 malaysia and 10sen , 1sen coin malaya king of george 1918 and 1943

                                                        Reply
                                                        • RinggitPlus

                                                          Hey, Mizi

                                                          You could try this link below and see what type of offer you end up receiving.

                                                          http://www.banknotes.com/offer.htm

                                                          Alternatively, you could consider using some of these platforms to find a buyer.:
                                                          - Forums
                                                          - Bidding websites like E-bay / leleong / Mudah,
                                                          - Facebook and other social platforms

                                                          Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                          Thank you for your comment and we hope this helps.

                                                          Reply
                                                        • Muhammad fajrin

                                                          I have that old money,,,,,,,rm2(5pieces) and syilling $1( 7 pieces)

                                                          Reply
                                                          • Muhammad fajrin

                                                            I want to sell for all

                                                            Reply
                                                            • RinggitPlus

                                                              Hey, Fajrin.

                                                              You could try this link below and see what type of offer you end up receiving.

                                                              http://www.banknotes.com/offer.htm

                                                              Alternatively, you could consider using some of these platforms to find a buyer.:
                                                              - Forums
                                                              - Bidding websites like E-bay / leleong / Mudah,
                                                              - Facebook and other social platforms

                                                              Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                              Thanks for the comment and we hope this help.

                                                              Reply
                                                            • Jasrina

                                                              Hello everyone first of all im jasrina bte suharto,,i have a old coin malaysian rm5 how can i find a buyer to my seller items

                                                              Reply
                                                              • RinggitPlus

                                                                Hey, Jasrina.

                                                                You could try this link below and see what type of offer you end up receiving.

                                                                http://www.banknotes.com/offer.htm

                                                                Alternatively, you could consider using some of these platforms to find a buyer.:
                                                                - Forums
                                                                - Bidding websites like E-bay / leleong / Mudah,
                                                                - Facebook and other social platforms

                                                                Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                                Thanks for the comment and we hope this help.

                                                                Reply
                                                              • Gulshanjeet kaur Arjan singh

                                                                I have RM1 syiling from 1971

                                                                Reply
                                                                • shalini

                                                                  I have 1 ringgit 1993 Malaysia coin...

                                                                  Reply
                                                                  • Ken Hayden

                                                                    I have a non-circulating - 1 Ringgit - from 1969 (mint condition) - but cant find anywhere to get realistic value, or connect with possible buyers?

                                                                    Reply
                                                                    • RinggitPlus

                                                                      You could try this link below and see what type of offer you end up receiving.

                                                                      http://www.banknotes.com/offer.htm

                                                                      Alternatively, you could consider using some of these platforms to find a buyer.:
                                                                      - Forums
                                                                      - Bidding websites like E-bay / leleong / Mudah,
                                                                      - Facebook and other social platforms

                                                                      Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                                      Thank you

                                                                      Reply
                                                                    • [email protected]

                                                                      I have old 10 ringgit notes and 1 ringgit noted.I whan sell.....

                                                                      Reply
                                                                      • asshini

                                                                        i have 50 sen of the year 1946.. i want it to sell... who want to buy??

                                                                        Reply
                                                                        • RinggitPlus

                                                                          Hey, Ashwin.

                                                                          You could try this link below and see what type of offer you end up receiving.

                                                                          http://www.banknotes.com/offer.htm

                                                                          Alternatively, you could consider using some of these platforms to find a buyer.:
                                                                          - Forums
                                                                          - Bidding websites like E-bay / leleong / Mudah,
                                                                          - Facebook and other social platforms

                                                                          Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                                          Thank you for the question and we hope this help.

                                                                          Reply
                                                                        • Tanesan

                                                                          I have 1sen coins more
                                                                          How to me sell wit you

                                                                          Reply
                                                                          • RinggitPlus

                                                                            Hey Tanesan,

                                                                            You could try this link below and see what type of offer you end up receiving.

                                                                            http://www.banknotes.com/offer.htm

                                                                            Alternatively, you could consider using some of these platforms to find a buyer.:
                                                                            - Forums
                                                                            - Bidding websites like E-bay / leleong / Mudah,
                                                                            - Facebook and other social platforms

                                                                            Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                                            Thank you.

                                                                            Reply
                                                                          • Yagya

                                                                            I have malaysia 2 ringet

                                                                            Reply
                                                                            • Nurhidayah

                                                                              I have around rm20 maybe more....if Malaysian coin..start from 1cent to 50cent..i also have a Malaysian note.the specialist collections is Borneo coins...1893

                                                                              Reply
                                                                              • Nurhidayah

                                                                                I dont know how to sell this items..who will help me???

                                                                                Reply
                                                                                • RinggitPlus

                                                                                  Hi, Nurhidayah

                                                                                  You could try this link below and see what type of offer you end up receiving.

                                                                                  http://www.banknotes.com/offer.htm

                                                                                  Alternatively, you could consider using some of these platforms to find a buyer.:
                                                                                  - Forums
                                                                                  - Bidding websites like E-bay / leleong / Mudah,
                                                                                  - Facebook and other social platforms

                                                                                  Whatever choice you use, please proceed with caution and do the necessary research to ensure you get genuine buyers as well as a fair price.

                                                                                  Thank you.

                                                                                  Reply
                                                                                • Gabriel

                                                                                  I have old 1 ringgit Malaysia

                                                                                  Reply
                                                                                  • Vicky

                                                                                    I have 1sent coin

                                                                                    Reply
                                                                                    • SARASWATHY

                                                                                      I have old money 1 ringgit and 100 ringgit.
                                                                                      Want sale this how?

                                                                                      Reply
                                                                                      • Elly Amiruddin

                                                                                        I buy the old money with good prices, you can Whatsapp me www.wasap.my/13476749207

                                                                                        Reply
                                                                                        • Lawrence

                                                                                          Don't use whatsapp ... any other contact info (e.g. email ?)

                                                                                          Reply
                                                                                      • Johnathan Bullet

                                                                                        I've old RM10.00 notes. What's the value

                                                                                        Reply
                                                                                      • Lynn yeap

                                                                                        I HV LOTS OF OLD COINS N NOTES APPRCT U GIVE ME GOOD CTC TO SELL

                                                                                        Reply
                                                                                        • Jennifer

                                                                                          I. Hv old 50 cent

                                                                                          Reply
                                                                                          • Zakir Hossain Mopasha

                                                                                            Congratulations Jennifer you've the coin. But you know Jennifer it is really shame that when someone has something, but unfortunately he/she doesn't know that what she/he have? In reality this is called Malaysian "50 SEN" under the Authority of Bank Negara Malaysia (BNM); but not "50 CENT" what you've said! Hope you understand me what I'm actually trying to say whatever!

                                                                                            Reply
                                                                                          • Mustapha Bill

                                                                                            Anyone with old money or old antiques for sale please maile with his/her whatsapp number now.... [email protected]

                                                                                            Reply
                                                                                            • Elly Amiruddin

                                                                                              I buy the old money with good prices, you can Whatsapp me www.wasap.my/13476749207

                                                                                              Reply
                                                                                              • kulwinder

                                                                                                i have old 1$ Malaysian coin 1886-90
                                                                                                how much this

                                                                                                Reply
                                                                                                • Mdm.Lim

                                                                                                  Im from Malaysia KL, & i jz find out so many international old notes & Coin from my Grandfather generations keeping all.
                                                                                                  Pls Whatapps my hp.number +6018-2266217 Lim so i can easy to send pictures to interesting buyers for bargain price. Tqvm.

                                                                                                  Reply
                                                                                                  • SMei

                                                                                                    I’ve RM2 note RM1 coin with 1 and 5sens
                                                                                                    Anyone interested?

                                                                                                    Reply
                                                                                                    • Zafri

                                                                                                      I have old money , where can I see the serious buyer

                                                                                                      Reply
                                                                                                    • jaffer

                                                                                                      I have one MALAYSIA 1 RINGGIT NOTE...ITS SERIAL NUMBER IS STARTING FROM 786....Holy number...

                                                                                                      Reply
                                                                                                      • Jamsheed bin ummer

                                                                                                        I have 10 sen in malaya 1941

                                                                                                        Reply
                                                                                                        • Daniel Gee

                                                                                                          How do I know if I am selling in a fair price ?

                                                                                                          Reply