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10 Dollars Gold Bullion

Issuer Monetary Authority of Singapore
Year 1990-1995
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Thickness 1.3 mm
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Obverse script Latin, Tamil, Chinese
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Reverse description The reverse displays a bold, stylized left-facing bust of the Merlion — Singapore's iconic lion-head symbol — occupying the majority of the field in high relief, with a flowing mane rendered in strong parallel lines. A Chinese zodiac privy mark appears in a small square cartouche at the lower left, identifying the specific year of issue. The denomination $10 is inscribed in the lower field, while the legend 1/10 OZ 999.9 GOLD curves along the upper right periphery, confirming the coin's gold content and fineness.
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Additional information

Singapore's .9999 fine gold bullion program launched in the late 1980s as the MAS moved to establish the city-state as a serious participant in the Asian precious metals market, competing directly with established regional issues from Hong Kong and Australia. The fractional denominations were calibrated to appeal to smaller retail investors, a deliberate policy choice rather than an accident of design.

The multiple KM references across this date range reflect annual design rotations — each year's reverse subject drawn from Singapore's ongoing thematic series rather than a fixed motif, which distinguishes this program from most sovereign bullion issues of the period.

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