Commemorative SG50 notes

[ykeen]

http://www.straitstimes.com/singapo...of-commemorative-50-and-10-notes-to-mark-sg50

SINGAPORE - A set of six currency notes with designs depicting significant milestones and achievements in Singapore's history was launched on Tuesday by Prime Minister Lee Hsien Loong.

The set, issued by the Monetary Authority of Singapore (MAS) to mark Singapore's 50th birthday, comprises one $50 note and five $10 polymer notes.


Like the current series of notes, the SG50 commemorative notes feature a portrait of Singapore's first president Yusof Ishak at the front.

But the new bills have security features that are the first of their kind to be used on a currency note, said MAS. For example, the $50 note has a security stripe featuring the numbers "1965" that switch to "2015" when held at a different angle.

The gold $50 note shows an iconic image of the late Mr Lee Kuan Yew, Singapore's first Prime Minister, at the steps of the City Hall in 1959, with a raised fist and leading the crowd with a rallying cry of "Merdeka!". The event marked the achievement of self-government by Singapore.

The back of the note features Singapore's first National Day Parade on Aug 9, 1966, and the latest new town of Punggol. The note highlights Singapore's history, transformation and future while the note's gold colour reflects the country's golden jubilee, MAS said.

The five $10 notes have a common front design and varying back designs reflecting values and aspirations such as multiracialism, meritocracy, peace and stability, strong families and active citizenry.

This Golden Jubilee year is "a time to reflect on our shared history and sacrifices of our pioneers, to reflect on the values that brought us here and pledge to preserve and uphold these values", said PM Lee, at the launch held at the MAS building at Shenton Way.

The notes were designed by four local artists and designers - Mr Chua Mia Tee, Mr Eng Siak Loy, Mr Weng Ziyan and Mr Fabian Lim.

The public can get the commemorative notes at the branches of nine major retail banks from Thursday by exchanging them at face value. These banks include DBS Bank/POSB, Oversea-Chinese Banking Corporation and United Overseas Bank. Each individual will be limited to a quota of five sets of notes.

Singaporeans will be given priority to exchange the notes from Aug 20 to Sept 30, 2015. They will have to present their identification card at the bank as proof of citizenship. The notes will be available to non-Singaporeans from Oct 1.

Dr Andrew Khoo, deputy managing director of corporate development at MAS, said: "There will be enough SG50 notes available for exchange. There is no need to rush."

A total of 20 million pieces of $50 notes and 75 million pieces of $10 notes - 15 million pieces of each design - will be printed, he added.

Who's collecting ? Anyway enough to go around..

 

[Shion]

I will be collecting

 

[AraiBoy]

the money can use de bo? Or ppl just keep it until SG100?

 

[Perisher]

the money can use de bo? Or ppl just keep it until SG100?

Can use de. But who ever buy this to use instead of collecting is really
Limited edition, next time sure become more valuable, provided one can keep it in prime condition.

Thank for the sharing, would exchange with banks.

 

[makav31i]

Can use de. But who ever buy this to use instead of collecting is really
Limited edition, next time sure become more valuable, provided one can keep it in prime condition.

Thank for the sharing, would exchange with banks.

20 million $50 notes and 15 million for each of the $10 design is not really limited edition...Even if Singapore's population were to hit 10 million, everyone can own a piece and there are 5 million more sets for people to collect...I would just change 2 sets for the fun of it...

 

[Perisher]

20 million $50 notes and 15 million for each of the $10 design is not really limited edition...Even if Singapore's population were to hit 10 million, everyone can own a piece and there are 5 million more sets for people to collect...I would just change 2 sets for the fun of it...

You are right, haha, I didn't notice it's 20mil worth of $50 and 15mil worth of $10. My bad.

Anyway, let's do abit of math...
400 000 piece of $50 can be collected and concentrated within just 2000 Singaporean, it's $10k only. Not many would wanna collect 200 pieces of $50 notes though.
Let's include foreign collectors, let's say total collectors are 5000 people, it's just 80 pieces each or $4k each.

After 10 years, these 400 000 pieces of which 20% will likely not be in such good condition. Left about 300 000 pieces concentrated in 5000 people. Since it's likely sold in set of 5 or 10 to get higher value, there would be 60000/30000 set... And getting a complete set with running numbers is well damn difficult so I would imagine only about 10000 sets would be left.

Given, most are collectors, the ones willing to sell with complete set in pristine condition and running numbers will be down, to maybe 2000-3000set.
That's still quite a lot.

After 20 years? 30 years? 40 years?
By SG100, these would likely be down to 100-500 set and people who can get both SG100 and SG50 set... Ya, limited edition.

Of course, all that is just a scenario. Might not happen.
Yes, I'm trying hard to justify my 'limited edition', I still agree with makav31i that these are not that exclusive, so just take the theory above with a huge pinch of salt.
Feel free to correct the math if any.

 

[makav31i]

You are right, haha, I didn't notice it's 20mil worth of $50 and 15mil worth of $10. My bad.

Anyway, let's do abit of math...
400 000 piece of $50 can be collected and concentrated within just 2000 Singaporean, it's $10k only. Not many would wanna collect 200 pieces of $50 notes though.
Let's include foreign collectors, let's say total collectors are 5000 people, it's just 80 pieces each or $4k each.

After 10 years, these 400 000 pieces of which 20% will likely not be in such good condition. Left about 300 000 pieces concentrated in 5000 people. Since it's likely sold in set of 5 or 10 to get higher value, there would be 60000/30000 set... And getting a complete set with running numbers is well damn difficult so I would imagine only about 10000 sets would be left.

Given, most are collectors, the ones willing to sell with complete set in pristine condition and running numbers will be down, to maybe 2000-3000set.
That's still quite a lot.

After 20 years? 30 years? 40 years?
By SG100, these would likely be down to 100-500 set and people who can get both SG100 and SG50 set... Ya, limited edition.

Of course, all that is just a scenario. Might not happen.
Yes, I'm trying hard to justify my 'limited edition', I still agree with makav31i that these are not that exclusive, so just take the theory above with a huge pinch of salt.
Feel free to correct the math if any.

It is 20 million pieces of $50 note which is the total value of $1 billion and 15 million pieces of $10 or the total value of $150 million...Not $20 million worth of $50 or 400k pieces and $15 million worth of $10 or 1.5 million pieces...So the total number of sets that can be formed is 15 million sets with 5 million pieces of extra $50 note...

 

[doody_]

Exchange a few and give some away for special occasions.

 

[havetheveryfun]

You are right, haha, I didn't notice it's 20mil worth of $50 and 15mil worth of $10. My bad.

Anyway, let's do abit of math...
400 000 piece of $50 can be collected and concentrated within just 2000 Singaporean, it's $10k only. Not many would wanna collect 200 pieces of $50 notes though.
Let's include foreign collectors, let's say total collectors are 5000 people, it's just 80 pieces each or $4k each.

After 10 years, these 400 000 pieces of which 20% will likely not be in such good condition. Left about 300 000 pieces concentrated in 5000 people. Since it's likely sold in set of 5 or 10 to get higher value, there would be 60000/30000 set... And getting a complete set with running numbers is well damn difficult so I would imagine only about 10000 sets would be left.

Given, most are collectors, the ones willing to sell with complete set in pristine condition and running numbers will be down, to maybe 2000-3000set.
That's still quite a lot.

After 20 years? 30 years? 40 years?
By SG100, these would likely be down to 100-500 set and people who can get both SG100 and SG50 set... Ya, limited edition.

Of course, all that is just a scenario. Might not happen.
Yes, I'm trying hard to justify my 'limited edition', I still agree with makav31i that these are not that exclusive, so just take the theory above with a huge pinch of salt.
Feel free to correct the math if any.

why even bother with the math lol.. don even noe why ppl want to "resell" this for higher value.. its for "commemorative" purposes as stated and not for "speculation" purposes.

wan speculate n resell buy stocks or find other things lah aiyo

even the oldie oldie notes also not easy to find someone who willing to pay higher price for them.. at most just 5-10% maybe.. same goes for the $20 note not too long ago

 

[koreanlover]

It is 20 million pieces of $50 note which is the total value of $1 billion and 15 million pieces of $10 or the total value of $150 million...Not $20 million worth of $50 or 400k pieces and $15 million worth of $10 or 1.5 million pieces...So the total number of sets that can be formed is 15 million sets with 5 million pieces of extra $50 note...

There is a limited edition of the notes.

 

[highsulphur]

Limited editions look good but expensive!

 

[Shion]

I would suggest the $25 Orchid Series banknote a more valuable note instead

 

[Perisher]

Oops. Never do math at night. You guys are right.

 

[havetheveryfun]

Question. How many set can each individual change?

"To ensure that everyone has an opportunity to exchange the SG50 commemorative notes, there will be a quota of five sets of notes per transaction per individual." -CNA

"The public can get the commemorative notes at the branches of nine major retail banks from Thursday by exchanging them at face value. These banks include DBS Bank/POSB, Oversea-Chinese Banking Corporation and United Overseas Bank. Each individual will be limited to a quota of five sets of notes." -ST

At first, per transaction per individual sounds to me like a person can queue again to transact a second time.

Need show IC one so maybe if u collected all already have record tagged to your IC?

 

[makav31i]

There is a limited edition of the notes.

Limited Edition version not really that special other than the packaging...You are essentially paying for the packaging only...All design would be available from the banks...

 

[highsulphur]

Limited Edition version not really that special other than the packaging...You are essentially paying for the packaging only...All design would be available from the banks...

Well there are uncut notes plus same serial number sets

 

[ykeen]

http://www.mas.gov.sg/News-and-Publ...15/Commemorative-Notes-to-Celebrate-SG50.aspx

 

[harky]

how much to buy

 

[a1v1n_]

From today's ST.

Sent from ME using GAGT

 

[a1v1n_]

https://uniservices1.uobgroup.com/secure/forms/SG50notes_contact.jsp?s_cid=sg50_rsv_mnu

Reservation for SG50 Commemorative Notes.
- All reservation request are strictly subjected to the exchange guidelines and 
  on while stock last basis.
- Reservations that are not collected on stipulated date would be considered cancelled.

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