10 Dollars Year of the Rabbit, Silver Proof

Singapore's lunar series began in 1974 under the Board of Commissioners of Currency, well before the Monetary Authority of Singapore absorbed issuing responsibilities. The 1987 Rabbit falls mid-series, by which point collector demand had grown substantially across Southeast Asian markets, particularly among the Chinese diaspora communities for whom the twelve-year cycle carried genuine calendar significance rather than purely numismatic interest.

The .500 fine silver specification — unusual against the prevailing international proof standard of .925 — was consistent across Singapore's lunar issues of this period and reflects a deliberate cost-containment decision by the BCCS.