The Lighthouse
One gold coin all Singaporeans should own.
Investing in gold is easy and a keen knowledge is vital too to help in the collection of valuable gold coins. In my opinion, some gold coins are more valuable than its gold content. In fact, one coin caught my attention years ago and I started buying whenever there is a dip in gold prices. This coin is a piece of Singapore’s heritage and I strongly encourage you to get one if you have not.
This coin is minted in 1969 with a face value of $150. Fondly known as “The Lighthouse” by collectors, the total mintage is 198,000. However, over the years many have been melted down and I doubt we can find more than 100,000 around. This coin is the first gold coin minted since independence. Hence, its value cannot be measured using the current gold price. In 2003, each one was going for around 400 dollars pegged to gold weight. Due to the steep increase in gold prices, each piece is sold around 750-800 dollars. The question is can you find one? It is getting more difficult to find one nowadays as many have been melted down over the years. Hence, it makes the remaining pieces more valuable.
Many collectors go for bullion coin and this coin is misunderstood over the years. In the next 20 years, more will be melted down which can only make the remaining even more rare. My advice will be get hold of one to keep for your descendants. There is no way to go back in time to make more of such coins. One day, “The Lighthouse” will claim its rightful position as Singapore’s finest gold coin. Are you ready to profit from this? Next article, I will share my views on other types of gold coins you should accumulate.
