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NEW COINS TO FEATURE LOCAL ICONS. By Melissa Seow Wan Ting P5-1. NEW COINS TO REPLACE OLD ONES. New series of coins depicting* Singapore landmarks will be issued in the middle of the year Made of multi-ply plated steel Will be sized progressively** by denomination***

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new coins to feature local icons

NEW COINS TO FEATURE LOCAL ICONS

By Melissa Seow Wan Ting

P5-1

new coins to replace old ones
NEW COINS TO REPLACE OLD ONES
  • New series of coins depicting* Singapore landmarks will be issuedin the middle of the year
  • Made of multi-ply plated steel
  • Will be sized progressively** by denomination***
  • 5-cent coin will be the smallest and $1 coin the biggest
  • $1 coin will be bigger than 50-cent coin
  • $1 coin will be bimetallic and also have two colours –silver in middle and gold on the rims

DICTIONARY

*Depicting: represent by a drawing, painting, or other art form

**Progressively : steadily and continuously

***Denomination: the face value of a banknote, coin, or postage or stamp

reasons for the change
REASONS FOR THE CHANGE
  • Multi-ply plated steel is lighter and cheaper to produce than that of old coins
  • Savings of 35 per cent to 40 per cent
  • There is a 30-year tenure* for coins and the current series is fast approaching the end of tenure

DICTIONARY

*Tenure: a period of time

what new coins will feature
WHAT NEW COINS WILL FEATURE
  • Will have a different edge pattern to help the visually impaired* to distinguish them easier
  • Numerals will be larger
  • Has an electro-magnetic signature to prevent counterfeiting**
  • $1 coin has a laser mark micro-engraving of the Vanda Miss Joaquim flower
  • DICTIONARY
  • *Visually impaired: partially blind
  • **Counterfeiting: made in exact imitation of something valuable with the intention to deceive or defraud
what the coins will feature
WHAT THE COINS WILL FEATURE…
  • 5-cent coin –The Esplanade
  • 10-cent coin –Public Housing
  • 20-cent coin –Changi Airport
  • 50-cent coin –Port of Singapore
  • $1 coin –The Merlion
effects of change
EFFECTS OF CHANGE
  • All past, current and new coins are legal tender*.
  • Machines which accept coins will have to be calibrated ** (eg supermarket trolleys, lockers, vending machines, coin deposit machines at bank, MRT and LRT ticketing machine etc.)

DICTIONARY

*Legal tender: coins or banknotes that must be accepted if

offered in payment of a debt.

**Calibrated: carefully assess, set, or adjust

credits
CREDITS
  • http://www.straitstimes.com/breaking-news/money/story/new-series-singapore-coins-feature-national-social-and-economic-landmarks-
  • http://en.wikipedia.org/wiki/Singapore_coins
  • newhorizonstwincities.com
  • www.theodora.com
  • mitsueki.wordpress.com
  • www.etsy.com