Singapore Markets Replicas of Currency

Singapore has recently issued metal replicas of the city-state’s legal tender S$1,000 bank note.

Where do you draw the line? Exonumia products are produced and marketed both by privately owned and by official government mints. How should collectors treat a metal replica of a currently legal tender bank note that has been issued by a government mint?

There are Series 1976 $2 U.S. Federal Reserve bank notes that someone colorized outside the Bureau of Engraving and Printing, then sold at a premium. There are metal replica’s of other U.S. bank notes that are marketed without any legal entanglements, but none of these are federal government issues.

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