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Old Singapore Currency
03-09-2017, 08:33 PM,
Post: #1
Old Singapore Currency
I have some old Singapore notes and I'm thinking of selling it, if the price is sensible. However, I have no knowledge of their market value and would like to seek the experts here on their opinion of its value. Any comments or inputs are appreciated. Don't be shy to let me know it is worthless. Wink

1) Orchid series $1, 100 pieces, serial 553801-553900

2) Orchid series $5 $10 $25 $50, random pieces

3) Bird series $1, 10 pieces, serial 799991-800000

4) Ship series $1, 300 pieces, serial 642301-642600

5) Ship series $2 purple, 300 pieces, serial 72501-72600, 635801-635900, 929601-929700  

6) Ship series $2 orange, 200 pieces, serial 174601-174800

7) Ship series $5, 100 pieces, serial 697501-697600

8) 25-year independence commemorative $50 polymer note issued in 1990, 20 pieces

9) Malaya & British Borneo $1, 1953, 1 piece

10) Malaya & British Borneo $1, 1959, 1 piece

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03-09-2017, 08:46 PM,
Post: #2
RE: Old Singapore Currency
they are definitely valuable, Big Grin
and they are more valuable when they age!

any reason why are u selling? these can be passed down to your grandkids!

u can go to chinatown point, and hawker centre around there to get a feel of the prices, they do have a few shops selling notes... Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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03-09-2017, 08:59 PM,
Post: #3
RE: Old Singapore Currency
(03-09-2017, 08:46 PM)brattzz Wrote: they are definitely valuable, Big Grin
and they are more valuable when they age!

any reason why are u selling? these can be passed down to your grandkids!

u can go to chinatown point, and hawker centre around there to get a feel of the prices, they do have a few shops selling notes... Smile

sorry to burst the bubble but actually, no, they are not very valuable.


Only 1) has some value, by virtue of their running sequence serial numbers. Even then, perhaps only 20-30% above the actual value of the currency.

The rest would be much lesser, maybe you'd get $10-$30 more than the actual value.
And all that is assuming the quality is VVS and above.

I say all that with experience: I have a much larger collection and tried to get it valued too.
https://thumbtackinvestor.wordpress.com/...-6-digits/

Of the entire collection, more than 50% of the value comes from only 5 items.
They all have some quirks or defects (like the hologram head in the currency being printed in the wrong direction), or the uncut stamps being misprinted/misaligned, or 1st day covers which have been stamped but don't have an address etc.
Only the ones with rarities are worth many times of their notional value.

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03-09-2017, 10:28 PM,
Post: #4
RE: Old Singapore Currency
Orchid series $25 is the most valuable, the other orchid series should fetch at least double, depending on condition. For orchid series, you can try to sell it on Ebay. For bird and ship series, shops prefer in running serial no, otherwise they might not even want it, depending if the shop has customers looking for it or not.

Collect old currency is not a good investment in my opinion, a hobby probably.

All the best

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03-09-2017, 10:46 PM,
Post: #5
RE: Old Singapore Currency
@TTTI Thanks for your inputs. Now I think I will rather keep them. Looks like they're going back to storage.

@brattz I have a lot of coins, gold, silver bought over a period of 30 years from the Singapore mint. I was thinking of what to do with it. They are taking up quite a bit of space. I don't think they are worth much, except maybe their weight in gold (or silver). And then I stumbled into the old notes, and wondered what to do with them too.

On hindsight, it would have been more productive if the money was used to buy stocks...hahah!

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03-09-2017, 10:55 PM,
Post: #6
RE: Old Singapore Currency
(03-09-2017, 10:28 PM)Millionfaith Wrote: Orchid series $25 is the most valuable, the other orchid series should fetch at least double, depending on condition. For orchid series, you can try to sell it on Ebay. For bird and ship series, shops prefer in running serial no, otherwise they might not even want it, depending if the shop has customers looking for it or not.

Collect old currency is not a good investment in my opinion, a hobby probably.

All the best

"Collect old currency is not a good investment in my opinion, a hobby probably. "

Depends on how you do it I guess. 
Like most things in life.
There are those who do very well.
In the midst of getting my collection valued, I came across some who make a business out of a hobby.
They got runners to go ard randomly in housing estates and ask aunties if they have currencies to sell.
They are very pro so they take 1 look and can tell how much it's worth.
They can buy a rare $50 for $80, and resell it for $8000!

How to tell it's rare or not...well, they told me that for example, the old, large 50 cent coin, has many years of issue.
The 1982 coin is by far the most common.
There's a series issued in 19XX ( i can't remember, I think it's 1971 or something).
That batch is very rare cos only a few of those coins were minted.
So for the SAME coin, but just different years of issue, the value would be drastically different.
For amateur collectors like myself who keep everything jumbled up in a big box, I wouldn't know this tidbit of information.
So these pros go ard getting large cookie jars from aunties who kept them for many years, separate it out, and find the gems.
They can mass buy, and just find 1 and it's an immensely profitable ROI for them.

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03-09-2017, 11:13 PM,
Post: #7
supply vs demand
nice lesson.

supply and demand at its full force even at old currencies.

moving forward, do you think the demand will grow?

if not, then what are you waiting for?
感恩

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