Kijang Emas
Encyclopedia
The Malaysian Kijang Emas is the official bullion gold coin of Malaysia and is minted by the Royal Mint of Malaysia. It was first issued in 17 July 2001. Malaysia is the 12th country in the world to issue its own gold bullion coin.
The Kijang Emas has a gold purity of 999.9 millesimal fineness
. The coins come in denominations of RM200, RM100 and RM50 which are nominal face values, and weighs 1 oz, ½ oz and ¼ oz respectively. RM is the notation for the Malaysian ringgit
.
The purchase and resale price of Kijang Emas is determined by the prevailing international gold market price.
Malaysia is the 12th country in the world to issue its own gold bullion coin, and joins the ranks of the Canadian Gold Maple Leaf
, American Gold Eagle
, Australian Gold Nugget
, and South African Krugerrand
.
The reverse side features the hibiscus, the national flower of Malaysia together with the denomination face value, as well as the words BANK NEGARA MALAYSIA in Jawi (Arabic) script.
The Kijang Emas is retailed by Maybank
in Malaysia.
The Kijang Emas has a gold purity of 999.9 millesimal fineness
Millesimal fineness
Millesimal fineness is a system of denoting the purity of platinum, gold and silver alloys by parts per thousand of pure metal by mass in the alloy. For example, an alloy containing 75% gold is denoted as "750". Many European countries use decimal hallmark stamps Millesimal fineness is a system of...
. The coins come in denominations of RM200, RM100 and RM50 which are nominal face values, and weighs 1 oz, ½ oz and ¼ oz respectively. RM is the notation for the Malaysian ringgit
Malaysian ringgit
The Malaysian ringgit is the currency of Malaysia. It is divided into 100 sen...
.
The purchase and resale price of Kijang Emas is determined by the prevailing international gold market price.
History
The Malaysian Kijang Emas was first minted in December 2000 by the Royal Mint of Malaysia. It was launched by the then Prime Minister of Malaysia, Tun Dr. Mahathir Mohamad on 17 July 2001.Malaysia is the 12th country in the world to issue its own gold bullion coin, and joins the ranks of the Canadian Gold Maple Leaf
Canadian Gold Maple Leaf
The Canadian Gold Maple Leaf is the official bullion gold coin of Canada, and is produced by the Royal Canadian Mint. The brainchild of Walter Ott, it is one of the purest gold regular-issue coins in the world with a gold content of .9999 millesimal fineness , with some special issues .99999 fine...
, American Gold Eagle
American Gold Eagle
The American Gold Eagle is an official gold bullion coin of the United States. Authorized under the Gold Bullion Coin Act of 1985, it was first released by the United States Mint in 1986.- Details :...
, Australian Gold Nugget
Australian Gold Nugget
The Australian Gold Nugget is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold...
, and South African Krugerrand
Krugerrand
The Krugerrand is a South African gold coin, first minted in 1967 to help market South African gold. The coin, produced by the South African Mint, proved popular and by 1980 the Krugerrand accounted for 90% of the gold coin market. The name itself is a compound of Kruger and rand, the South...
.
Denominations
| Denomination | Weight | Gold Purity | Diameter |
|---|---|---|---|
| RM200 | 1 oz | 9999 | 37.00 mm |
| RM100 | ½ oz | 9999 | 28.00 mm |
| RM50 | ¼ oz | 9999 | 22.00 mm |
Design
The design on the obverse of the Kijang Emas depicts a barking deer ("kijang") in its natural habitat in the Malaysian jungle. Also appearing on the obverse are the words BANK NEGARA MALAYSIA, for the central bank of Malaysia as the issuer of the coins; KIJANG EMAS; the weight; gold purity; and the year of minting.The reverse side features the hibiscus, the national flower of Malaysia together with the denomination face value, as well as the words BANK NEGARA MALAYSIA in Jawi (Arabic) script.
Pricing
The purchase and resale price of Kijang Emas is determined by the prevailing international gold market price. For example, on 18 January 2008, the coins are offered for sale at RM3,052, RM1,555 and RM792 for 1 oz, ½ oz and ¼ oz respectively, when the price of gold in the market was US$879 (RM2,916) per troy ounce.The Kijang Emas is retailed by Maybank
Maybank
Maybank , a trade name for Malayan Banking Berhad is the largest bank and financial group in Malaysia, with significant banking operations in Singapore, Indonesia and the Philippines. The bank also has large interests in Islamic banking through Maybank Islamic Berhad and insurance via its Etiqa...
in Malaysia.