PMG's Featured Note of the Month: Malaysia 600 Ringgit

Posted on 8/16/2022

The largest banknote in the world is this one celebrating Malaysia's independence; it won't fit in your wallet.

Malaysia, Bank Negara 2017 600 Ringgit Commemorative graded PMG 66 Gem Uncirculated EPQ
Click images to enlarge.

Country: Malaysia

Catalog Number: Pick# 58

Date: 2017

Denomination: 600 Ringgit

Varieties: None

What makes it special? Commemorative notes in the denominations of 60 Ringgit and 600 Ringgit were issued for the 60th anniversary of the Malayan Declaration of Independence on August 31, 1957. Malaysia celebrates its annual Independence Day holiday on the anniversary of the declaration. The front of the notes show the 15 leaders of Malaysia over its first 60 years. The back of the note shows the signing of the declaration.

Did you know? The 600 Ringgit note is the largest legal tender note in the world, measuring 370 x 220 mm (14.5 inches by 8.6 inches), or slightly larger than a legal-size piece of paper. It eclipsed the size of the previous record holder, the Philippines 1998 100,000 Piso, celebrating that nation's centennial of its independence (356 x 216 mm).

Total graded by PMG: PMG has graded 1,450 examples of Pick# 58, as well as 14 more from Pick# 58sn, a special serial number variety.

PMG median grade: PMG 68 Superb Gem Uncirculated EPQ.

PMG highest graded: Nine examples are graded PMG 70★ Gem Uncirculated EPQ.

Sales highlights: Heritage Auctions sold three examples in December 2021. They realized $7,800 (PMG 68 Superb Gem Uncirculated EPQ), $6,000 (PMG 66 Gem Uncirculated EPQ) and $5,040 (PMG 65 Gem Uncirculated EPQ).

PMG Registry: This note is part of the Malaysia Complete, Type Set, 1967-Date, P1-Date and the All Notes/Scores in Malaysia, Issued Notes, Including Varieties and Replacements, 1967-Date categories. Hann Boom leads both categories with The Pinnacle Malaysian Set (1967-Present) and Malaysia Complete Variety (Complete Set); each contains the same example graded PMG 69 Superb Gem Uncirculated EPQ.

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