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Mavin News - 2003
1 December 2003 - October 2003 Auction realizes over US$183,000
Mavin's October 2003 Auction saw sizzling results for British North Borneo and Straits Settlements coins.
Bidding was especially strong on high grade items, which confirms what many seasoned collectors already know,
and that is that top grade British North Borneo and Straits Settlements coins are rare! Certainly much rarer
than what the catalogues suggest, because these coins were meant to circulate, and circulate they certainly
did. Reflecting improving market and collector sentiments, lots that did not sell in
the March Auction went for more in the October Auction. 1 such lot went for almost 50% more!
Detailed listings and results can be found in the Auction Archive.
25 March 2003 - March 2003 Auction realizes over US$178,000
Despite the gloomy backdrop of the Iraq War, Mavin's March 2003 Auction managed to achieve respectable sales.
Highlights include a Singapore $50 Orchid series Goh Keng Swee signature serial no. A/15 000001, believed to
be the first note of the series, which fetched US$2,600. 2 recently discovered $50 Orchid series Hon Swee Sen
signature without seal Specimens but without the Specimen overprint fetched US$650 and $1,200 respectively.
The difference in prices realized says only 1 thing, and that is if there are 2 of a good thing in an auction,
get the first one or risk serious competition on the second! Also sold was another "Number One" note, the
Singapore $50 President series Lee Hsien Loong signature 1HL 000001, the first of the series, which went for
US$3,000 before Buyer's Premium. Coins wise, a China Kirin Province silver Dragon with Flower Vase Dollar
fetched US$3,600. A 1906S Philippines Peso went for US$2,200.
Detailed listings and results can be found in the Auction Archive.
21 January 2003 - Forthcoming March 2003 Auction
Mavin will be holding a two-day auction on 8 and 9 March 2003 in conjunction with
Asia Money Fair. On auction will be coins, medals, banknotes and postcards. There will be a wide range of
items to suit all budgets. Highlights include Special Number Singapore banknotes sold on behalf of the
Monetary Authority of Singapore and the Community Chest of Singapore. Catalogues will be available in
February and as usual, will be posted on our website.
1 Jan 2003 - Increase in GST Rate
We regret to say that the Government has increased the GST rate from 3% to 4% effective from 1 January 2003.
Bidders are kindly requested to take note of this.
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