APEC Coins Endorse Cooperation

The Central Bank of Malaysia issued a pair of commemorative coins in conjunction with the Asia-Pacific Economic Cooperation Economic meeting held on November 20, 2020. Both coins were minted with two contrasting surface techniques: advanced laser technology and digital frosting.

The silver 10 Ringgitt is .999 fine and weighs 31.1 grams for a total ounce of silver. Struck in proof and decorated with a color element on the center of the obverse the coin pays homage to Malaysia’s rich culture with a floral background on the top half of the obverse.

The reverse features a startling artistic representation of 21 human figures which symbolize the collaboration of the 21 APEC economies in sustaining continued growth and development in the region. The top legend, ASIA-PACIFIC ECONOMIC COOPERATION 2020, ties directly to the event, while the lower legend in smaller lettering gives us the 2020 theme of the APEC meeting, OPTIMISING HUMAN POTENTIAL TOWARDS A FUTURE OF SHARED PROSPERITY.

With a limited mintage of only 1,000 pieces, the silver 10 Ringgett may prove difficult to acquire. Ordering directly through the Central Bank of Malaysia is possible with an issue price of about $62.00, but purchase limits will be enforced and details for buying online have not yet been made available.

The smaller 1 Ringgett coin is struck in Nordic gold, without color elements and will be widely available to collectors with a mintage of 15,000 pieces. The Central Bank will also allow purchase of the smaller coins with lighter restrictions and an issues price of just $3.50.

The pair will also be made available as a set at just over $75.00. The total set release figure is 750, which is in addition to the individual mintages specified above.

View the Central Bank of Malaysia website for additional details as they develop.