From ‘Hole in $1? That’s what photos online show’, 13 July 2013, article by Pearl Lee, ST
…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.
…The new $1 coin, launched on June 25 as part of a new series, is the only one with a bi-metallic design. The gold part on the outside is brass-plated, while the silver centre is nickel-plated. In a statement, MAS said that its Third Series coins had “undergone stringent tests before circulation”. The $1 coin, in particular, had “gone through numerous tests to ensure the durability of its bi-metallic components”.
On Wednesday, MAS posted a warning against damaging coins on a Facebook page it set up to promote the new coins….Under the Currency Act, a person who mutilates or destroys any Singapore dollar notes or coins may be fined up to $2,000.
Thanks to the person who posted photos of dislodged $1 coins, now anyone who gets their itchy fingers on one will try to see if they can pop the middle out, like how we poke out parking coupons. While the majority of the police force is shocked by the arrest of the Kovan double murder suspect who turned out to be one of their own, we have some officers scrambling to nab people who mutilate coins in such a foul grisly manner or for possibly posting a hoax on Stomp and causing widespread alarm that the new Singapore bi-metallic currency is defective (in addition to being mistaken for Euros). It also gives new meaning to the term ‘break a dollar’.
According to the Currency Act, it is also a crime to ‘print or stamp, or by any like means write, or impress, on any currency note any mark, word, letter or figure’, which means that if you’re an aspiring magician you may be charged for currency destruction while practicing tricks that involve signing on, tearing or setting aflame 2 dollar notes. If you’re a billionaire you’re also not allowed to wipe shit off your ass with money or light cigars with them, though the $2000 fine is spare change to you anyway. Cash is king after all, so for most of us insulting money is like committing treason against the monarchy. To some, messing with their money is like vandalising the statues of their gods.
Most people would not think of bending a coin out of shape or try to snap it with their teeth, though for the new $1 coin, some may be tampering with it just so to fit the slot on a supermarket trolley as it supposedly should. It’s the bank notes instead that are often the recipient of someone’s rage. A writer to the ST in 1958 threatened to ‘tear up all bank notes’ which bore the image of the Queen or King of England because it reminded him of the yoke of colonialism. In 1965, someone defaced the $10 note with the words ‘Lee Kuan Yew is a Traitor’, stamped in purple ink.
Defaced paper currency have also been used as communication material for gangs, when the words ‘Black Eagle Gang’ and ‘Pig’s Mind’ were scrawled on money back in 1983. 5 years later, a drunkard was fined $300 for tearing up 2 $20 bills. In a somewhat comical sequence of events in 1989, a man walked up to a police officer, tore a 1 dollar note in front of him saying that he ‘can’t buy beer with it’ and got arrested for his efforts with a fine of $50. The most severe penalty I could dig up was a $1000 fine slapped on a labourer for burning off $205 (Man fined $1000 for burning $205, 23 Dec 1994, ST). These examples of foolish contempt for your own stash suggest that the more money you destroy, the higher your fine, since you behaved like you could bloody well afford it.
I wonder if you’ll get arrested for EATING your money, though.