This post is in regards to a 1988 1 Singapore dollar coin that can be looked at in the images below. On is front is the symbol on the coat of arms for Singapore as well as the year. The back has flowers and the denomination. Its content consists of aluminum with a bronze outside. This coin was designed by Christopher Ironside who was a painter from England (he did a lot of work for the Royal Mint). Now there were 59.3 million of these struck in the year 1988 and this particular one that we have would be considered in almost uncirculated condition.
The Singapore dollar was initiated as its currency in 1967 after it broke apart from Malaysia. At one time it was pegged to other currencies and today uses a special float against a basket of currencies and backs up its money with assets that are on an international level.