Singapore Mint: History, Mints, Bullion Coins and Bars

Author: Focus on the User | 4 min read
Mint of Singapore

The Singapore Mint holds a prominent position in the global minting industry, known for its comprehensive range of services and products. Established in 1968, the Mint has evolved significantly, advancing its technological capabilities and expanding its offerings beyond circulation coins to include various bullion coins and bars. This article delves into the Singapore Mint's history, its innovative production techniques, and the diverse range of bullion coins and bars it produces.

History of the Singapore Mint

The Singapore Mint was established in 1968 as a subsidiary of the Board of Commissioners of Currency, Singapore. Initially, its primary role was to mint circulation coins for Singapore. In April 2002, the Mint transitioned to a wholly-owned subsidiary of SembCorp Industries and was later privatized. A notable technological advancement was the introduction of laser engraving in the 1980s. The Mint also achieved ISO 9001 certification, reflecting its commitment to quality management systems.

Singapore Mint Coins

Diversification into various coin series marked a significant shift for the Singapore Mint. These series are distinct in their metal compositions, diameters, weights, and thematic designs. The Mint plays a crucial role in encapsulating Singapore’s culture and heritage through these designs, offering a tangible representation of the nation's identity.

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Singapore Mint Headquarters

Lunar Series Coins

The annual release of Lunar Series coins is a hallmark of the Singapore Mint. Each year, a coin featuring one of the 12 Chinese zodiac animals is introduced, boasting unique designs. These coins are minted in 999.9 fine gold and 999 fine silver, with diameters ranging from 16.1 mm to 40.7 mm and weights from 1/20 oz to 2 oz. The series not only appeals to coin collectors but also resonates with those celebrating Chinese New Year traditions.

Singapore Lion Gold Coin

The Singapore Lion Gold Coin features the Merlion, a symbolic creature with a lion's head and a fish's body, representing Singapore's origins as a fishing village. These coins are minted in 999.9 fine gold and are available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz denominations, celebrating the country's rich history and mythology.

Singapore Orchid Series Coins

The Orchid Series, illustrating Singapore's national flower, showcases the Mint's artistic capabilities. Utilizing various metals, including gold, silver, and bi-metallic combinations, these coins often feature color applications or holographic elements, making them not just monetary items but works of art.

Commemorative Coins

Singapore Mint's commemorative coins cover a range of themes, from national achievements to historical milestones, utilizing innovative minting technologies. For instance, the 50th Anniversary of Independence coin is made of 999 fine gold or silver and features a unique interlocking design, symbolizing Singapore's unity and progress.

Numismatic Currency Coins

These legal tender coins are often minted in limited quantities and feature intricate designs. An example is the Singapore $5 Cupro-Nickel Proof-Like Coin, with specific diameter and weight measurements, catering to both collectors and enthusiasts of numismatic art.

Singapore Mint Bars

The Singapore Mint is also renowned for its production of high-quality bullion bars. These bars are sought after for their purity, weight options, and distinctive design features, catering to both investors and collectors.

Gold and Silver Bars

The Mint produces gold bars with a fineness of 999.9 and silver bars with a fineness of 999. These bars are available in various weights, ranging from 1 gram to 1 kilogram, making them accessible for different investment scales. Each bar comes with hallmarking and unique serial numbers for authentication, ensuring trust and value in the global market.

Commemorative Bars

Apart from standard bullion bars, the Singapore Mint also releases limited-edition commemorative bars. These are often launched for special occasions and feature unique design elements. These bars are not just investments but also collector's items, with specifics in weight, purity, and design that distinguish them from regular bullion bars.

Top Global Mints

The Singapore Mint stands among the world's most prestigious top global mints, each known for their unique contributions to the minting industry.

United States Mint bullion

United States Mint: Established in 1792, it is famous for the American Eagle coins, characterized by a gold purity of 91.67%.

Royal Canadian Mint bullion

Royal Canadian Mint: Operational since 1908, it produces Maple Leaf coins, renowned for their 999.9 gold fineness.

Austrian Mint bullion

Austrian Mint: Boasting a history of over 800 years, it is known for Philharmonic coins in 999.9 fine gold.

British Royal Mint bullion

Royal British Mint: Dating back over 1,100 years, it creates the Britannia series with 958 Britannia silver.

Perth Mint bullion

Perth Mint: Established in 1899 in Australia, famous for its Kangaroo bullion coins in 9999 fine gold.

Central Mint of China bullion

Central Mint of China: Known for producing Chinese Panda coins since 1982, with varying gold purities.

Paris Mint bullion

Paris Mint: France's oldest mint, it creates a diverse range of commemorative and collector coins with varied metal compositions.

Royal Spanish Mint bullion

Royal Mint of Spain: Renowned for its historical and cultural coinage, with a tradition dating back to Roman times.

Mexican Mint bullion

Mexican Mint: The oldest mint in the Americas, known for the Libertad series, which includes 999 fine silver or gold coins.

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