BNM Issues Two Commemorative Coins In Conjunction With SOCSO’s 50th Anniversary

Alex Cheong Pui Yin

29th October 2021 - 3 min read

Bank Negara Malaysia (BNM) has issued two commemorative coins to celebrate the 50^th anniversary of the Social Security Organisation (SOCSO), which were launched by the Human Resources Minister, Datuk Seri M. Saravanan. Specifically, the two special edition coins are the coloured sterling silver commemorative coin and the Nordic gold brilliant uncirculated (BU) commemorative coin.

In its statement, BNM said that the coloured sterling silver commemorative coin is made of sterling silver with 92.5 purity, at the weight of 31g. It has a face value of RM10, with only 1,000 pieces available for sale – each of which is priced at RM253. Meanwhile, the Nordic gold BU commemorative coin is made of copper and several other metals, weighing at 8.5g. Priced at RM13.20 per piece – with a quantity of 10,000 pieces available – the coin has a face value of RM1.

In terms of design, the reverse side of the coins will carry the text “Bank Negara Malaysia” around the upper circumference to indicate BNM’s authority in issuing them. They also feature the official PERKESO50 logo, stamped within a background of 3-dimensional wave designs, with the respective face value of the coins inscribed at the lower circumference.

On the obverse side, meanwhile, both coins will have the text “Sambutan Jubli Emas PERKESO” inscribed around the upper circumference, along with the tagline “Prihatin Lima Dekad Dan Selamanya” around the lower circumference. The centre of the coin will carry the top view of an opened umbrella, formed by 50 monogrammed figures adapted from SOCSO’s official logo. BNM said that this symbolises the 50 years during which SOCSO had offered protection to employees.

“We are pleased to issue these beautifully designed commemorative coins to mark the occasion of SOCSO’s golden anniversary. These unique designs reflect and celebrate SOCSO’s continued service and dedication to all SOCSO’s insured persons,” said the deputy governor of BNM, Marzunisham Omar in a statement.

While both commemorative coins can be purchased individually, interested individuals can also buy them as a set (one piece of each coin). The set is priced at RM308, inclusive of 10% sales and services tax (SST), and there are a total of 1,000 sets available.

“To provide a fair opportunity for the public to buy these limited edition coins, each individual will only be allowed to purchase a set of 2, a coloured silver coin (proof), and up to five Nordic gold BU coins. In the event of oversubscription, balloting will take place,” said BNM, adding that further information on how to purchase the coins will be made available to the public via its website on 17 November 2021.

(Source: Bank Negara Malaysia)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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