Less item higher price?

What happen if you got less item to sale? Higher price? I am on my usual hunting trip to Penang recently. Most of my frequent reader know by now that one of my main source of collection come from money changer. Penang is a money changer heaven since there are so many changer premises you can find along Jalan Masjid Kapitan Keling, Chulia Street, in KOMTAR building or almost at any part of the city. You need to click picture below to see what I meant by over price item. Almost all money changer along Chulia street and Masjid Kapitan Keling street are putting a ridiculous price on their item. When asked about their price, their reply is that they receive less supply but many people who coming to Penang are looking for it.

One day, this will be a normal scenario for banknote and coin collector like me. When I started my first job in Penang 10 years ago, there are so many great collections at a very affordable price. I can buy them and sell them the same day with fifty percent profit. After feeling disappointed with the high price item in almost every money changer shop, I am taking a walk to Esplanade Road (Jalan Padang Kota Lama). Luckily, Penang also famous for its foods and historical@pre-war building to keep me busy.

Photo: Penang City Hall building.

The walk bring me to Penang Municipal Council building, Penang City Hall. This building built in 1903 in the typical British Palladian architectural style, the building has been listed as a national monument since 1982 under the Antiquities Act 1976. It is a two-storey building believed specifically built to house council/municipal offices in the early days. It was built at a cost of 100,000 Straits Dollars. It currently houses the Penang Municipal Council Chambers and two departments – the Licensing and the Urban Services departments. The Municipal Council of George Town was established in 1857, the first local authority in Malaya after Singapore.

Photo: Penang high court building.

Photo: Chinese chamber of commerce building.

I then walk around Light Street, near Esplanade road area. There are many prewar building building in that area; State Assembly hall, Fort Cornwallis, Penang war memorial, Penang High Court, State assembly building, and other early government building in Penang. Light street named after the famous Captain Francis Light. Padang Kota also famous for its hawker centre and popular waterfront promenade.

Most new collector nowadays, collect numismatic item just for investment. I don't mind about high price as long as the item is in high quality. But low grade items at a high price is ridicilious. Just make sure you are not buying something like this if you on a hunting trip to Penang. If the numismatic item is on a high price, go to Penang cheap and delicious nasi kandar instead. That make me forget about my unsuccessful hunting trip for a while.

Source: Wikipedia.

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