MAS unveils commemorative S$10 coin to mark Lee Kuan Yew's 100th birth anniversary

[SGMCF328]

No offence but I feel sad for Mr. Lee Kuan Yew, as he continues to be "milked" by the current government. What's next, a new $10 note in 2025 to mark his 10th death anniversary, or a special $80 note to mark his wedding jubilee with Mdm. Kwa?

Source: https://www.channelnewsasia.com/singapore/lky100-lee-kuan-yew-commemorative-coins-unveiled-mas-3488726

SINGAPORE: A commemorative S$10 coin marking the 100th birth anniversary of Singapore's founding Prime Minister Lee Kuan Yew was unveiled by the Monetary Authority of Singapore (MAS) on Monday (May 15).

Minted in aluminium bronze, the gold-coloured LKY100 coins will be available at face value by application. The coins will have a diameter of 30mm, making them about 22 per cent larger than the Third Series S$1 coins currently in circulation.

"The coin pays tribute to his strategic vision, boldness and indomitable spirit that transformed Singapore from a regional trading port to a global manufacturing, business and financial hub, creating opportunities for all Singaporeans," MAS said in a news release.

"The design features a portrait of Mr Lee Kuan Yew, accompanied in the foreground by the Marina Barrage, representing Mr Lee's vision to build a freshwater reservoir in the city, strengthening Singapore's water resilience," the central bank added, describing the design on the coin's reverse.

"The backdrop is the skyline of the Raffles Place financial district, and two heritage buildings which have witnessed significant milestones in Singapore's history – Fullerton Hotel (formerly the Fullerton Building/General Post Office) and National Gallery Singapore (formerly the Supreme Court and City Hall)."

In addition to the Singapore Coat of Arms, the front of the coin features Mr Lee's name, his years of birth and death, the words "100th Birth Anniversary" and a dual latent image that shows the year 1923 when viewed from one angle and the year 2023 when viewed from another.

The coin was designed by local artist Weng Ziyan, whose previous works include banknotes commemorating Singapore's 50th year of independence, Singapore's bicentennial and the 50th anniversary of the Brunei-Singapore Currency Interchangeability Agreement.

Applications for the coins can be made from Monday until Jun 9 via a dedicated application website.

Only Singapore citizens and permanent residents can apply, and each applicant can apply for up to five coins.

"If demand is high, applicants may not be allocated the quantity of coins requested, but can be assured of being allocated at least one coin," MAS said.

Each applicant will be required to indicate their identity number, mobile phone number and preferred bank branch for the collection of the coins.

No upfront payment will be requested. Successful applicants will pay for their coins when collecting them at their selected bank branches.

Banks participating in the distribution of the coins include DBS and POSB, OCBC and UOB as well as the Bank of China, HSBC, Maybank and Standard Chartered.

Those who require in-person assistance to submit their applications can approach any community club or community centre, or the ServiceSG centres at Our Tampines Hub and One Punggol.

Successful applicants will receive SMS notifications from mid-August, and the coins will be available for collection from September.

Coins that are not exchanged during the collection window will be made available for exchange at banks by the general public, including non-Singaporeans.

The number of coins to be minted will be determined after applications close, MAS said.

The commemorative coin was announced earlier this year as part of a series of initiatives to mark the centenary of Mr Lee's birth.

The late Mr Lee, who also co-founded the ruling People's Action Party, was born on Sep 16, 1923. He died on Mar 23, 2015, at the age of 91.

[Soya]

Dun see it as being milked la

Coins cost $10 as per face value n not marked up

Liddat might as well say Yusoff Ishak oso exploited..... 

 

[Daniu82]

No good achievements so can only talk about the past lor. Same old story when GE is near. 

[SGMCF328]

On 5/16/2023 at 9:39 AM, Soya said:

Dun see it as being milked la

Coins cost $10 as per face value n not marked up

Liddat might as well say Yusoff Ishak oso exploited..... 

 

I might be overly sensitive but I sensed someone is trying to created the LKY effect once again, especially when 2 elections are nearing.

Yusoff Ishak's face is on all our notes and there isn't any special note for his 100th birth anniversary back in 2010. There is also no Memorial or exhibition for him, but the idea was mooted immediately on the passing of LKY, and scheduled to open by 2025. (does the year look familiar?)

[13177]

Not interested in this commemorative coin. 🙄

[Inlinefour]

chey tot is solid gold selling 10 bucks 

[Ahwhye]

my fiend asked me whether the value will appreciate over time or not... me answered up to 5 pieces per person, probably will appreciate after 500 years bah....

[Ct3833]

Since it is $10 face value, why not issue it as circulating coin  instead? After all the value of  $10 is so small these day, one coin can only buy one bowl of noodle, so that whenever people eat noodle, they will remember LKY😅😅

Edited May 16, 2023 by Ct3833

[Ghgan]

I thought last time mint got rejected for selling the medallions series. Now can sell coin?

https://www.todayonline.com/singapore/singapore-mint-suspends-sale-medallions-and-busts-commemorating-former-prime-minister-lee

“Commercial exploitation would ordinarily refer to the use of Mr Lee’s name or image in mass merchandise for sale. Examples include medals or coins; clothing; household linen or similar articles; furnishing material; paper or any other material that may be used for wrapping or packaging purposes; and adhesive tape,” read the guidelines, which were issued in March 2016.

[Maxus-MIFA9]

Ordered mine already. 

5 coins 

If overwarming order, each i/c may not get the 5 coins per pax... 

[Stratovarius]

I applied for 5 also. Asked my wife to do the same. Gonna flip in carouhell.

[Tkseah]

Just order the max 5pcs per pax lor.. it's at face value anyway.. next time no money can use to buy cai png..

[13177]

On 5/16/2023 at 1:00 PM, Ahwhye said:

my fiend asked me whether the value will appreciate over time or not... me answered up to 5 pieces per person, probably will appreciate after 500 years bah....

Thought they say they would ensure every SPR and Sporeans would get at least 1 piece. Like that how to appreciate value le? 😅

[Soya]

On 5/16/2023 at 2:54 PM, Ct3833 said:

Since it is $10 face value, why not issue it as circulating coin  instead? After all the value of  $10 is so small these day, one coin can only buy one bowl of noodle, so that whenever people eat noodle, they will remember LKY😅😅

Wah sei...next time can say our lunch kaki is LKY and Yusoff Ishak 

 

[Ct3833]

On 5/16/2023 at 4:38 PM, Soya said:

Wah sei...next time can say our lunch kaki is LKY and Yusoff Ishak 

 

Choy choy, next time when only am there than lunch kaki with LKY.

I said remember LKY, not member with LKY😄😄😄

 

Edited May 16, 2023 by Ct3833

[Kopites]

Why 100th birth anniversary?

I thought Singapore only gained independent in the 65?

😞

[Jellandross]

Can I use the coin to check-in at the Istana?

 

Edited May 16, 2023 by Jellandross

[Kopites]

Imo stupidity on full parade. Absurd. 

Does it mean we are commemorating if LKY is alive he would be 100 yo now?😞