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Thursday, January 21, 2010

A different view on Currency

Because mum have bought a couple of things from the Singapore Mint, thus I was entitled a free entry to the Coins and Notes Museum. But being the blur girl as usual, the only place I could find was the...Chinatown Heritage Centre

Probably because it has a Samsui woman in front of it making it very noticeable from afar...
Took some time to find the signage to the Coins and Notes Museum.


It is a rather small museum, 2 little rooms located in level 3 and 4. I like the lift.. very unique way of representing the levels.



A coin starts with a pencil sketch. Once the design is approved, a plaster mould is made. This mould can be up to five times the size of the coin just so that clear details can be created. Once the design is completed, the mould is used to make a rubber mould, and then an epoxy resin mould. A pantograph is then used on the epoxy mould to copy the details onto a metal die that is the exact size of the intended coin. This die is etched and then it is ready to be used for punching coins.

There is a video for you to watch the process too. And do you know your coins are being recycled to cut down the demand for raw materials. But hmm.. you know people always like to throw coins into fountain or pond for good luck, I wonder if we should do something about these as part of the Go Green effort? Well I do know that in Italy, there was a guy who actually pick the coins thrown into the Trevi fountain but it was not for altruistic reasons.

Italian courts have recently ruled that Roberto Cercelletta, who has been scooping out coins tossed into the Trevi fountain for about 20 years, is not stealing public money. He made an estimated 180,000 USD a year from his labors. Charity organization Caritas, which retrieves the money on Sundays when Cercelletta takes a day off, tried to get a court order to stop him" - Story thanks to zoomata
Source: About.com

The fourth level was more concentrated on the history of currency. While metal currencies are good substitutes for the goods used in barter trading, other materials could be used too so long they are relatively rare else they would be worth nothing.

This is quite pretty. But eh, being pragmatic, I rather use the 5 bucks for lunch haha. Anyway I learnt something more about money.

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