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Tuesday, October 9, 2012

Tuesday Treasure Trove - Singapore

Singapore probably one of the more well-known city-state countries in the world.  It is one of the financial hubs of Asia, and probably the financial center of Southeast Asia.  It's competition is Hong Kong, although now it's part of China, it still retains some autonomy and city-stateness.  Anyways, here are some coins that I found in a bin.  They were cheap and since I didn't have these, I purchased them! I have tons of the newer type Singaporean coins but none of these.  Once upon a time, I lived and studied in Singapore and that's why I was able to amass tons of coins, but never really had the time to look for a shop that sold coins and paper money - although I know they exist!

Anyway, here's something that most people don't know, not even collectors of numismatic products: Singapore and Brunei have a currency union! Meaning that you can use Brunei Ringgit and Singapore Dollars at par in the two respective countries!  Although in practice, it is very rare that someone would spend Brunei Ringgit in Singapore.  Just doesn't happen!

So these coins, 20 Cents (KM#4) and 10 Cents (KM#3) were the part of the first coins produced by an independent Singapore.  Formerly, Singapore used the currency of Malaysia, but after Singapore was expelled from the political union, they were forced to create their own currency. The first coins were very beautiful, more beautiful than the coins produced today.  Regardless, I got these in UNC condition and they are 80 cents and 35 cents respectively!


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