Final reminder that this takes place on 7 Dec 05, and that the RM1 coin ceases to be legal tender from that date. Statement from the Bank Negara Malaysia for info. I'll probably keep those few RM1 coins that I have as souvenirs.
Ya. Keep some as souvenirs. Last week when I was in Penang, the supermarket that I was at, was changing their trolley coin slots and re-programming their vending machines not to accept RM1 coins. Looks like a lot of inconveniences to business as well.
your rationale is commonly floated around but, the use of 1 dollar coin at vending machines, etc is widespread and requires no personal verification. it makes 'getting rid of them' almost risk free. 'minting' them in large qty with crude base metal is low cost. counterfeits of large demo notes attract attention, unless well produced. such expertise is not available in public domain.
the theory about fake RM$1 coins does not make sense
any crook will tell you he prefers to counterfeit the $50, $100 and $1000 notes which are in mass circulation.
otherwise "low value added" and "low return on investment" to make fake RM$1 coins.
what a waste of time.