Serious MAS launching LKY $10 Coins, Only Sinkies and PRs can Buy!

[Pinkieslut]

S$10 coin launched to commemorate Lee Kuan Yew's 100th birth anniversary​

The LKY100 coin is about 22 per cent larger than the current S$1 circulation coin.​

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Tria Dianti
·Contributor
Mon, 15 May 2023 at 1:33 pm GMT+8·3-min read


In this article:

• 
  
  
  

• Lee Kuan Yew
  1st Prime Minister of Singapore

MAS has launched a new S$10 coin to commemorate the 100th birth anniversary of Singapore's founding Prime Minister Lee Kuan Yew. (PHOTO: Yahoo Finance Singapore)
SINGAPORE – The Monetary Authority of Singapore (MAS) on Monday (15 May) launched a new S$10 coin (LKY100 coin) to commemorate the 100th birth anniversary of Singapore's founding Prime Minister Lee Kuan Yew.
In a press release, MAS said that "the coin pays tribute to Me Lee's 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".
The coin – at 30mm, it is about 22 per cent larger than the current Third Series S$1 circulation coin – is designed by local artist Weng Ziyan.

The LKY100 coin. (SCREENSHOT: MAS)
Gold in colour and minted in aluminium bronze, its design features a portrait of Lee, 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".

• Also read: All Singapore homes must have residual current circuit breaker by 1 July 2025
• Also read: Some 2.5M Singaporeans to get up to S$400 cost-of-living special payment in June
• Also read: NEA: Owners of 24,500 older motorcycles have taken incentive up to S$3,500 to phase out vehicles

Meanwhile, 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 and National Gallery Singapore.

The design on the back of the LKY100 coin. (SCREENSHOT: MAS)
The other side of the coin has the Singapore Coat of Arms with a dual latent image featuring Lee's birth year of '1923' when viewed from one angle, and his 100th birth anniversary '2023' when viewed from another.

How to get the LKY100 coin​

Applications can be made online from Monday till the end of 9 June. The applicant must be a Singapore citizens or permanent resident.
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," said MAS.
"No upfront payment will be requested at the point of application. Successful applicants will pay for the coin(s), at its face value of S$10 each, when collecting the coin(s) at the banks," MAS added.
The LKY100 coins will be available for collection from September 2023. Successful applicants will receive an SMS notification from mid-August 2023, prior to the collection period allocated to each applicant. The SMS notification will include information on the quantity of coins allocated, collection period and bank branch allocated. All SMS notifications from MAS for the LKY100 coin will not contain any clickable link nor ask for any upfront payment.
"LKY100 coins that are not exchanged during the collection window will subsequently be made available for exchange at the banks by the general public, including non-Singaporeans," said MAS.

 

[Loofydralb]

This is how LHL got around LKY's instruction not to eulogise or erect statutes of him.
Useless son. Can't follow dead daddy's instruction both in letter and spirirt.

 

[Cravex]

Erection coming soon. So Sinkies would be brainwashed again. Together we Haut ah!

 

[mahjongking]

non sinkees cannot buy???? there will always be some on sale in the black mkt......

 

[ChinaCommunistSG]

Many uncles told me that they will be these coins and to keep in the wallet as 附身符

 

[JohnTan]

S$10 coin launched to commemorate Lee Kuan Yew's 100th birth anniversary​

The LKY100 coin is about 22 per cent larger than the current S$1 circulation coin.​

• 
  
  
  

Tria Dianti
·Contributor
Mon, 15 May 2023 at 1:33 pm GMT+8·3-min read


In this article:

• 
  
  
  
• Lee Kuan Yew
  1st Prime Minister of Singapore

MAS has launched a new S$10 coin to commemorate the 100th birth anniversary of Singapore's founding Prime Minister Lee Kuan Yew. (PHOTO: Yahoo Finance Singapore)
SINGAPORE – The Monetary Authority of Singapore (MAS) on Monday (15 May) launched a new S$10 coin (LKY100 coin) to commemorate the 100th birth anniversary of Singapore's founding Prime Minister Lee Kuan Yew.
In a press release, MAS said that "the coin pays tribute to Me Lee's 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".
The coin – at 30mm, it is about 22 per cent larger than the current Third Series S$1 circulation coin – is designed by local artist Weng Ziyan.

The LKY100 coin. (SCREENSHOT: MAS)
Gold in colour and minted in aluminium bronze, its design features a portrait of Lee, 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".

• Also read: All Singapore homes must have residual current circuit breaker by 1 July 2025
• Also read: Some 2.5M Singaporeans to get up to S$400 cost-of-living special payment in June
• Also read: NEA: Owners of 24,500 older motorcycles have taken incentive up to S$3,500 to phase out vehicles

Meanwhile, 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 and National Gallery Singapore.

The design on the back of the LKY100 coin. (SCREENSHOT: MAS)
The other side of the coin has the Singapore Coat of Arms with a dual latent image featuring Lee's birth year of '1923' when viewed from one angle, and his 100th birth anniversary '2023' when viewed from another.

How to get the LKY100 coin​

Applications can be made online from Monday till the end of 9 June. The applicant must be a Singapore citizens or permanent resident.
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," said MAS.
"No upfront payment will be requested at the point of application. Successful applicants will pay for the coin(s), at its face value of S$10 each, when collecting the coin(s) at the banks," MAS added.
The LKY100 coins will be available for collection from September 2023. Successful applicants will receive an SMS notification from mid-August 2023, prior to the collection period allocated to each applicant. The SMS notification will include information on the quantity of coins allocated, collection period and bank branch allocated. All SMS notifications from MAS for the LKY100 coin will not contain any clickable link nor ask for any upfront payment.
"LKY100 coins that are not exchanged during the collection window will subsequently be made available for exchange at the banks by the general public, including non-Singaporeans," said MAS.

My family and I each bought 5 coins.

These coins will be worth 10x the value in a few years time.

 

[ftan42]

voting period coming again?

 

[SBFNews]

My family and I each bought 5 coins.

These coins will be worth 10x the value in a few years time.

You sure bo

 

[JohnTan]

You sure bo

Of course! We usually buy those collectible coins MAS issues out during CNY or special occasions. We have resold some of them for a good profit.

 

[laksaboy]

The motherfucker died in 2015.

It's been 8 years plus.

Give it a rest already. At this point it's just sad and pathetic.

How many more times or ways do you want to commemorate that son of a bitch? That farcical theatre production wasn't enough?

 

[soulblader]

PAP nvr move on from PAP

 

[Balls2U]

My family and I each bought 5 coins.

These coins will be worth 10x the value in a few years time.

I'll also be buying 5. With the intention of selling them away years later at a profit as a collectors' item.

 

[Charlie99]

My family and I each bought 5 coins.

These coins will be worth 10x the value in a few years time.

Did MAS make a prior allocation, before the relevant dates re application to buy up to 5 coins, and the notification to the public?

 

[JohnTan]

Did MAS make a prior allocation, before the relevant dates re application to buy up to 5 coins, and the notification to the public?

Write in to MAS and find out.

 

[Charlie99]

Write in to MAS and find out.

Cannot be bothered.
Indifferent.
Other than to inquire the reason that you managed to buy those coins before MAS made the allocation.

 

[Willamshakespear]

The insignificant nobody me will buy my allocated share as a citizen, queuing up like other fellow citizens under the sun if necessary, & even offering free bottles of plain water to others to help them withstand the heatwave we are currently experiencing. It will NOT be for profit, no matter how high priced such collectible items will become.

Such comemorative coins will serve as a reminder to me how HARD our far-sighted founding & forefathers had not only fought against colonial & racists odds, & created something no other nation on Earth had done back in the 60s, proven by the failure of many other nations that had gained independence thru the Declaration of Human Rights evolved by nations that saw 2 horrific world wars where millions & innocents died, sacrifices from them that gave us our success that gave us all our todays.

It is my hope that another two gold commemorative coins be made of our great founding father team - of Dr Goh Kweng Swee & Mr Rajaratnam. Together, as a team, they & Mr Lee Kuan Yew, withstood all obstacles, rolled up their sleeves & inspired many of our forefathers for support & by sheer hardwork & pragmatism, to create a reality for Singapore, that we this generations & future, owes them a debt of honor, to do the same with each thru our sacred National Pledge...

It will be a precious heirloom that will be left for my next generations, kin & kind, to remember the price of freedom & the sacrifices, pragmatism & intellect that is necessary for progress & evolution, to fulfill Humankind's destiny to the stars without leaving anyone behind...

 

[ftan42]

Of course! We usually buy those collectible coins MAS issues out during CNY or special occasions. We have resold some of them for a good profit.

where to sell for a profit?

 

[50000]

My family and I each bought 5 coins.

These coins will be worth 10x the value in a few years time.

dumbass.... the coins probably cost $1 each to produce. you are already $9 out of pocket with each coin

 

[butoh6050]

I suspect it will be sold out pre launch then online selling it 10X the price.

 

[laksaboy]

I suspect it will be sold out pre launch then online selling it 10X the price.

Anyone can achieve the 'sold out' phenomenon by launching a very limited number of the product. Certain shameless tech companies did that with their products too, then the media doggies would declare that the demand was very high.

Have the daft Sinkies already forgotten about the Huawei phone incident?