From Queen Elizabeth to Yusof Ishak: The banknotes that tell the story of Singapore

From Queen Elizabeth to Yusof Ishak: The banknotes that tell the story of Singapore


Within the years since her removal from Singapore’s money, Queen Elizabeth II remained favored by collectors of cash and banknotes.

Singapore’s story associated with independence in the decades after World War II was not unique. Over the years, the queen made comparable debuts and take-offs on the banknotes associated with dozens of countries and territories around the world – from Hong Kong and Mauritius to Rhodesia and Ceylon.

To own banknotes representing her therefore can indicate owning tangible items of history.

“The British Commonwealth provides sizeable political plus economic influence, and her portraits take 33 countries’ foreign currencies, so it is a good plus challenging – yet manageable – objective to collect and complete the QE banknote collection. It is an accomplishment one can be happy with, ” Ms Soon said, noting that will about a third of world banknote enthusiasts focus on Commonwealth pieces.

At the time of the girl death, the queen was still on the currency in places like Australia, Belize, Canada, New Zealand, a number of Caribbean claims and, of course , the United Kingdom and its territories.

Banknote collecting is really a hobby that has liked a renaissance during the last two years while journey was difficult or impossible because of the COVID-19 pandemic, Ms Shortly shared.  

Because of Singapore’s traditional links with Britain and the Commonwealth, this particular meant that particular attention was directed towards Queen Elizabeth II banknotes.

The view of previous banknotes as an expense class also sparked on collectors who seem to acknowledged that the california king would not be close to forever, Ms Shortly noted.

“(In the) last two years, some started collecting QEII notes as the lady was in advanced age and would expire soon, ” she said.

“They buy on the presumption (that) … the particular notes will not reduce value and may appreciate in value. inch

Mr Keh noted that costs of the notes have been on the rise.

“Amongst the more experienced banknote collectors, Queen At the II banknotes were popular and the costs have steadily increased over the years, ” he said.

“I will (say) the prices have been surely going up, at the rate associated with 5 per cent in order to 10 per cent year-over-year. ”

Microsoft Soon noticed this particular as well.

“(Prices of) the Malaya and North Borneo pieces went upward a lot (in the) last two years – presumably due to interest out there newly minted ‘COVID period’ collectors – but prices have softened since earlier this year, ” the lady said.

“Nevertheless, it is more likely that uncirculated and/or desirable pieces will keep their costs well even if 1 had bought at elevation of a price boom, as long as the QEII banknote collecting urge for food is there. ”