Tuesday, 28 February 2012

Are You Burned?

The dragon miniature sheets released in January 2012 has slowly cooled down. It is a good thing, honestly. Many SODA members are anticipating the delivery of their supplementary orders for the RM5 dragon MS. I think Pos Malaysia should have the total requested number of MS from the supplementary orders by now.

Pos Malaysia was supposed to have 4000 pieces of RM5 dragon MS to be allocated for these supplementary orders. It is no doubt that the requested number from the supplementary orders could simply surpass 4000. Of course, the most rational step by Pos Malaysia is to reduce the requested order number for each supplementary order, so that all the SODA members who put in the supplement order should receive one piece at least.

However, there is a rumour in the philatelic circle that the RM5 dragon MS would be "reprinted". One of the speculations is that the 4000 pieces allocated for SODA members have gone "missing" (might be accidentally sold on the day of issue due to extremely high demand; to control the anger of customers during the day of issue). If this RM5 dragon MS is going to be reprinted, then it is a high possibility that all the requested number put in by SODA members could be fulfilled. One SODA member informed me that he has ordered 50 pieces through the supplementary order, and he noticed that an amount RM250 has been deducted from his SODA account. This indicates that he is going to get 50 pieces (without any reduction in number being ordered). What does it mean, then? It means that the printing number for this RM5 dragon MS would be more than 20,000 (20,000 is the printing number for original print).

If the reprint is similar to the original print in terms of perforation, watermark, gum etc., this of course would de-value the market price of RM5 dragon MS. It would be a truly heartache for those buyers who paid expensive price in acquiring this RM5 dragon MS for investment or further speculation. I think you might have noticed that many dealers have started selling off the RM5 dragon MS, the sooner the better.

However, the FDC for dragon MS, particularly RM5 dragon MS FDC, should command a good price because many collectors couldn't get it on the day of issue, and all the SODA regular orders do not have this RM5 dragon MS FDC! The reprinting of RM5 dragon MS should not affect the price of the FDC because the supplementary order is for the MS not FDC.