Are Singapore notes worth the investments? Singapore currencies are one of the top currencies sorted after, due to its strength and popularity among international businessmen.
The Singapore notes are one of the many popular investments for collectors and can sometimes provide some hefty returns.
Due diligence must be carried out to check out good bargained prices and also the authenticity of the notes.
Singapore Notes Collectors Love
Collectors love the older notes series and some also hunt for the bigger notes like $10,000, $1,000 and $500 which is no longer in print by MAS. Older new notes, notes with genuine print errors, running numbers notes and lucky or solid numbers are some of the features that collectors look for and some are even willing to pay a very high premium for them.
When currency notes are phased out of circulation, they slowly become rare artefacts that collectors love. Due to their growing rarity and the meaning they hold, old notes are pretty popular amongst collectors and hobbyists.
Notes that are authenticated and certified by professional organisation like the PMG (Paper Money Grading) , with high grades are usually sold at a much higher premium.
Some of these notes can fetch a hefty returns of investments. It is important to be prudent and do some researches before purchasing your notes. In fact, sometimes one can find good notes with good numbers or errors while withdrawing money or getting the change for your payment from the shops or retails.
When you are alert and be in the present, checking your notes while receiving them can sometimes give you your unexpected windfall or maybe at least a few tens or hundreds dollars of extra income.
Singapore Currencies
Here are a look of the history of the Singapore Currency
In 1942-1954, The Japanese government issued dollars also known as the banana money with denominations of S$1, S$5, S$10, S$100 and S$1,000.
In 1953 to 167, The Malayan & British Borneo dollars with denominations of S$1, S$5, S$10, S$100 and S$1,000 and S$10,000.
In 1967 to 1976, The Singapore Government issued their very own Singapore dollars of the Orchid Series with denominations of S$1, S$5, S$10, S$25, S$50, S$100, S$500, S$1,000 and S$10,000.
In 1976 to 1984, The Singapore Government issued their very own Singapore dollars of the Bird Series with denominations of S$1, S$5, S$10, S$50, S$100, S$500, S$1,000 and S$10,000.
In 1984 to 1999, The Singapore Government issued their very own Singapore dollars of the Ship Series with denominations of S$1, S$5, S$10, S$50, S$100, S$500, S$1,000 and S$10,000.
And in 1999 till present, we have in circulation the Portrait Series with denominations of S$1, S$5, S$10, S$50, S$100, S$500, S$1,000 and S$10,000.
And of course during special commemorations of occasions, The Singapore Government also issued commemorative notes like the 25th, 50th Anniversary of Singapore and 40 years of Brunei and Singapore collaboration notes.
Though Singapore is one of the safest country in the world, there are some scams and people who are willing to take the risks by printing fake notes, especially the bigger S$10,000 notes. So, do do your due dilligence when purchasing these notes.
On 15 May 2023, MAS launched the LKY100 coin, to find and apply for balloting purchase, check out the LKY100 coin.
Collectors and buyers of notes and coins can check out the money currency shops located all over Singapore or check them online. Online platform like Carousell, Gumtree, E-bay also opens up the selling markets to collectors or sellers who want to buy or sell their notes.
Another popular investment instruments is gold. Check out our gold post on gold.