Four million commemorative S$10 coins, commemorating the 100th birth anniversary of Singapore’s revered founding Prime Minister, Lee Kuan Yew, have been skillfully minted. This impressive figure caters to the genuine demand generated from over 700,000 applications, amounting to 3.3 million coins, during the online application exercise. The Monetary Authority of Singapore (MAS) announced this accomplishment in a press release on Monday (August 21).
Beyond the fulfilled applications, the excess coins will be made accessible for general exchange later. Notably, all successful applicants for the LKY100 coins will be granted the full requested quantity, ensuring their admiration for the commemorative item is rewarded.
LKY100 Commemorative Coin:
These gold-hued LKY100 coins, unveiled in May, are expertly crafted from aluminum bronze, boasting a diameter of 30mm. This size renders them approximately 22 percent larger than the currently circulating Third Series S$1 coin.
These remarkable coins testify to Lee Kuan Yew’s strategic foresight, audacity, and unwavering determination. These attributes played a pivotal role in transforming Singapore from a regional trading port into a global powerhouse encompassing manufacturing, commerce, and finance. This transformation created unprecedented opportunities for every Singaporean, as stated by MAS during the announcement made in May.
From August 21 until September 30, individuals who have successfully secured their LKY100 coin allocation will receive a notification via SMS from the Monetary Authority of Singapore (MAS) indicating the exact quantity of coins assigned to them.
Subsequently, these successful applicants will be given two weeks, from September 4 to November 26, to collect their allocated coins from a designated bank branch. This system aims to streamline and facilitate the distribution process.
For those who find it challenging to retrieve their coins within the assigned two-week collection window, an alternative period, spanning from November 27 to December 3, is set aside for coin collection at the designated bank branches.
During the coin collection, it is essential to furnish both the SMS notification issued by MAS and valid identification documents such as the National Registration Identity Card (NRIC) or birth certificate. Payment for the S$10 commemorative coin can be effectuated at the designated bank branch during collection.
Any remaining and uncollected coins will subsequently be made accessible to the general public, including non-Singaporeans, through select bank branches, commencing from December 4. This distribution phase ensures widespread availability of the commemorative coins to those interested in possessing a part of this historical tribute.