SINGAPORE: The Singapore Mint has launched commemorative medallions carrying the inscription "World Peace" ahead of the highly anticipated summit in Singapore between US President Donald Trump and North Korean leader Kim Jong Un.
The three medallions would not only commemorate the "momentous step to world peace", but also mark Singapore's role "as a neutral host, and an economic and security gateway between the East and the West", the Singapore Mint said in a press release on Tuesday (Jun 5).
The front of the medallion features a handshake between the two leaders and the national flags of both countries.
The North Korean flag is depicted on the left, while the US flag is placed on the right. This represents both countries' positions on the political spectrum, explained the Singapore Mint.
The summit date and text "Summit in Singapore" are also minted at the top of the medallion.
The back of the medallion features a peace dove "which embodies the significance of the summit to bring about world peace", said the Singapore Mint.
The national flowers of US and North Korea - the rose and the magnolia - are also featured on the back.
A total of 1,000 pieces of the gold medallion – priced at S$1,380 each – will be made available to Singapore and the international market. This has since been increased to 3,000 pieces following "overwhelming response", the Singapore Mint said.
The silver medallion - which features the flags in colour – is priced at S$118. A total of 15,000 pieces worldwide will be minted, up from the earlier announced 10,000 pieces.
The Singapore Mint said earlier that fewer than 200 pieces of the gold medallion and 2,000 pieces of the silver medallion would be allocated to Singapore. The numbers are now under review, it said in an update on Tuesday.
The nickel-plated medallion will retail at S$36. The number of pieces to be minted will depend on the demand, Singapore Mint said.
All three commemorative medallions are available for pre-order from Tuesday onwards at Singapore Mint's retail outlets and website.
The White House last month unveiled their own commemorative coin for the summit. It is available for purchase online at the White House gift shop website.
The meeting between the two leaders will be the first between a sitting US president and a North Korean leader. After a war of words that lasted months, it aims to start a discussion on ending the North's nuclear weapons programme in return for diplomatic and economic incentives.
The exact venue of the Trump-Kim summit has yet to be confirmed, although Singapore has declared a special event zone including its foreign ministry, the US embassy, and several large hotels, such as the Shangri-La.