Established in 1968 as a department of the Chartered Industries of Singapore Ltd, The Singapore Mint has evolved from a basic minting facility into an integrated business operation, and is a wholly-owned subsidiary of SembCorp Industries.[1] The mint provides customised minting services and produces circulation coins for the Monetary Authority of Singapore. It also produces numismatic gifts and collectibles for local and overseas customers, including requests from countries such as Western Samoa, Nepal and Uganda.[2]
In September 1983, The Singapore Mint set up the Coin Gallery at its premises on Jalan Boon Lay in a bid to trace and document the history and evolution of Singapore’s coinage.[3] The mint subsequently opened the Singapore Coins and Notes Museum in a Chinatown shophouse in July 2009, which is Singapore’s first and only museum dedicated to displaying currency.[4]
References
1. $20 mil company to make money… (1967, October 6), The Straits Times, p. 5; S’pore mint to start soon. (1968, January 15). The Straits Times, p. 5; The Singapore Mint. (2013). Corporate Information – 1960s. Retrieved September 13, 2013, from http://www.singaporemint.com/abt_corporate_1960s.php; Sembcorp Industries. (2013). Other businesses. Retrieved September 13, 2013, from http://www.sembcorp.com/en/about-group-structure-other_businesses.aspx
2. Soon S’pore minted coins will jingle in your pocket. (1968, April 27). The Straits Times, p. 11; Macau orders $4 m worth of Singapore-minted coins. (1982, February 26). The Straits Times, p. 19; Mint wants to handle coins sales. (1980, July 1). The Straits Times, p. 8; Mint takes over as numismatic coins sole agent. (1981, July 1). The Straits Times, p. 10; Mint to handle sale of coins. (1987, November 14). The Straits Times, p. 21; The Singapore Mint. (2012). Corporate Information – Today. Retrieved September 13, 2013, from http://www.singaporemint.com/abt_corporate_today.php
3. $1m coin gallery opens to the public. (1983, September 22). The Straits Times, p. 15. Retrieved from NewspaperSG.
4. Deepika, S. (2009, July 1). Money talks. The Straits Times, p. 47. Retrieved from NewspaperSG.
The information in this article is valid as at 2014 and correct as far as we are able to ascertain from our sources. It is not intended to be an exhaustive or complete history of the subject. Please contact the Library for further reading materials on the topic.