Wednesday, September 22, 2010

Issue quantity & date of Singapore Banknotes

I was just browsing through The Singapore Mint website where I found that they have revamped their website and included a page on the issue quantity and date of Singapore Banknotes.

I have noticed a odd co-relation between the quantity issued and the price of the orchid notes. The common saying is that the orchid 50 dollars' supply is very high, therefore the price is relatively low as compared to the 5 and 25 notes. However, a quick comparison between the quantity issued puts them at 62 million (50 orchid), 45 million (5 orchid), 50 million (25 orchid) pieces respectively. So is the 50 dollar orchid note grossly underpriced, or that the design of the note is not beautiful enough to drive up the demand? Another way to look at it is that someone out there is holding on to all the supply of the 5 and 25 dollars banknotes. Whatever the reason is, it definitely makes the 50 dollar note the most affordable orchid series banknote (by percentage of face value) in the whole series.

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The large silver coloured 1 dollar compared to a normal golden coloured 1 dollar. Click here for the full post.

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