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Singapore Government to Earn S$3 Million from Kim-Trump Summit Novelty Coins Sale

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The Singapore government has launched the first of what could be many more of its novelty items for the upcoming Kim-Trump summit – a commemorative medallion available in gold, silver or nickel.

Sales of the medallions, which are supposed to commemorate the “momentous step to world peace” by North Korea and the United States, are expected to net the Singapore government about S$3 million.

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1000 gold medallions priced at S$1380 each will be produced by the Singapore Mint, while 15,000 silver medallions priced at S$118 each will be produced.

Supply of the silver medallions was initially capped at 10,000 pieces, but upped to 15,000 to meet demand.

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Supply of the nickel medallions, priced at S$36 each, will depend on demand says the Singapore Mint.

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Selling out the gold and silver medallions alone would net the Singapore government S$3.15 million.

The meeting between US President Donald Trump and North Korean leader Kim Jong Un will take place next Tuesday (12 Jun) at Sentosa.

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