Saturday, Aug 23, 2014Saturday, Aug 23, 2014
News
 

Photos online show hole in new $1 coin

Published on Jul 13, 2013 8:18 AM
 

IT LOOKS like a ring, but is actually a new $1 coin with its middle dislodged.

Barely a month since the launch of Singapore's latest series of coins, several pictures of $1coins with a hole have been circulating online, leaving some to wonder how it could happen.

Only with extreme force, said the Monetary Authority of Singapore (MAS) yesterday, adding that it was an offence to mutilate coins, and that the matter was being investigated by police.

So far, The Straits Times has found three different pictures of a $1 coin with the middle missing, indicating that this may not be an isolated issue.

 
If you are not a subscriber, you can get instant, unlimited access here

Background story

INCONCEIVABLE

Is this even possible? The coin's middle literally just came out.

- A Stomper who submitted a photo of the new dollar coin with the middle detached


NUMEROUS TESTS

The $1 coin, in particular, had 'gone through numerous tests to ensure the durability of its bi-metallic components'.

- The Monetary Authority of Singapore in a statement