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Total commemorative banknotes issued is under 1,500 pieces. If you have achieved any figures close to this, then you are doing extremely well, as many of the older commemorative notes are hard to find even in poor conditions.

Opinion: Many collectors of commemorative banknotes would have come across with those Somaliland sets overprinted with gold and silver texts with the following wordings - 5th Anniversary of Independence 18 May 1996 [Sanad Gurade 5ee Gobanimadda 18 May 1996]. I believe these are "home made" (or fake) and not authorised by the central bank. My argument is simple. No central bank would have issued an overprint commemorative banknote that the texts are so large that it would cover the two signatures on the note as well as part of the serial numbers. Even if these are genuine notes, then these could be issued as souvenir sheets and not as legal tender. As I said before, this is my opinion. If you have paid top dollars for these, please think about my argument. There is always a sucker around the corner, including me of course!

All comments are most welcome but it has to be subjects related to banknotes or banknotes collection. If not, it will not be approved. Thanks

01 September 2014

...Singapore - $2 1992 Commemorative 'Error"

Two Dollars
Dated 1992, P31A
Singapore - $2 Commemorative 1992. This is one of the rarer Singapore commemorative notes released in 1992 (3rd October) celebrating the tiny nation's 25th Anniversary of issuing it's own currency 1967 to 1992. The Board of Commissioners of Currency Singapore or BCCS (central bank) was established on 7.4.1967 following the breaking up of the monetary union between Singapore, Malaysia and Brunei. Prior to that, these three countries were using the common currency called the Malaya and British Borneo Dollar. Following the establishment of BCCS, the country issued it's first banknotes (Orchard series) in 1967. On 01.10.2002, BCCS merged with the Monetary Authority of Singapore (MAS), which then took over the responsibility of the issuance of currency in the Republic. The design of this commemorative is the same as the $2 Ship series (1984-1998) but with overprint commemorative text added on the right side of the note. This note is also considered as an 'Error' note as it has a spelling error on the commemorative text. The word "Commissioners" was spelled with the second "i" missing. Only 5,000 notes were issued at the official price of S$60.00 and were released together with a book called "Prudence at the Helm". Unfortunately I only got this note but not with the book and therefore I can't describe anything about the book. This note finally completes my collection of all commemorative notes (single note) of Singapore. Collecting older paper banknotes from a hot and humid environment, such as in Singapore, is always a challenge as one has to avoid buying a note that may have foxing on the note, especially if they are not cheap. Given that this note was first issued in 1992, and if the note was not kept in a cool and dry environment, chances are you will find them with yellowish spots on the note by now. This note has been graded by a banknote professional firm and was graded as EPQ 65 Gem Uncirculated.

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