Indonesia | |
Value | Rp 1,000 |
---|---|
Mass | 4.5 g |
Diameter | 24.1 mm |
Thickness | 1.6 mm |
Edge | Smooth |
Composition | Nickel-plated steel |
Years of minting | 1993 | –present (updated 2010, 2016)
Obverse | |
Designer | Bank of Indonesia |
Design date | 2016 |
Reverse | |
Designer | Bank of Indonesia |
Design date | 2016 |
The Indonesian one thousand rupiah coin (Rp1,000) is a coin of the Indonesian rupiah. It circulates alongside the 1,000-rupiah banknote. First introduced on 8 March 1993 as bimetallic coins, they are now minted as unimetallic coins, with the first of its kind appearing in 2010 and its latest revision being in 2016. As of 2024, the last two series in this denomination are legal tender.
This is the first issue of the 1,000-rupiah coin. Being bimetallic, it has a cupronickel outer edge and an inner circle made out of aluminum-nickel-bronze alloy. It weighs 8.6 g (0.30 oz), has a 26 mm (1.0 in) diameter, is 2.2 mm (0.087 in) thick, and has a jagged edge. [1] The coin's obverse features the national emblem Garuda Pancasila with the year of issue in its aluminum-nickel-bronze inner circle and the lettering "BANK INDONESIA" on its cupronickel outer ring, while its reverse features an oil palm in the inner circle with the lettering "KELAPA SAWIT" (oil palm) as well as "Rp1000" on the outer ring. These coins were minted in 1993, 1994, 1995, 1996, 1997, and 2000, [2] with its key dates being 1994 and 1997
This coin is subject to a controversy where several online vendors sell this coin for up to Rp100 million apiece while in reality these coins are only sold at a retail price of Rp3,000 through Rp10,000 apiece, with the highest proof-grade coins being worth up to Rp4,000,000. [3] Furthermore, this coin is also still legal tender, which means that its actual numismatic value is far more minuscule than what was initially thought. [4]
This coin was demonetised on 1 December 2023 and are exchangeable in both commercial banks and Bank Indonesia offices until 1 December 2033. [5]
The Rp1,000 coin was reminted again, this time as a unimetallic coin made out of nickel-plated steel, in 2010. It was first announced on 20 July of the same year. [6] Its obverse contains the national emblem Garuda Pancasila as well as the lettering "1000 RUPIAH." Meanwhile, its reverse displays the West Javanese musical instrument angklung as well as the Gedung Sate in its capital Bandung and the lettering "ANGKLUNG" and "2010." Its diameter is 24.15 mm (0.951 in), is 1.6 mm (0.063 in) thick, weighs 4.5 g (0.16 oz), and has a smooth edge. [7]
The Rp1,000 coins were redesigned on 19 December 2016. Its obverse now features the national hero I Gusti Ketut Puja, the national emblem Garuda Pancasila, and the lettering "REPUBLIK INDONESIA." Meanwhile, the reverse now contains the lettering "BANK INDONESIA," "1000 RUPIAH," and "2016," as well as a relief in the form of circles encircling its inner edge. Coins of this kind are minted with nickel-plated steel, weigh 4.5 g (0.16 oz), have a 24.1 mm (0.95 in) diameter, is 1.45 mm (0.057 in) thick, and has a smooth edge. [8]
Alongside the three circulating coins, the Bank of Indonesia also once minted a silver Rp1,000 non-circulating coin to commemorate Indonesia's 25th independence anniversary in 1970. This coin weighs 40 g (1.4 oz), has a diameter of 55 mm (2.2 in), and has a reeded edge. On the obverse is the national emblem Garuda Pancasila, the Bank of Indonesia's logo, and the lettering "1945-1970" and "1000 RUPIAH" alongside the year of issue (1970). Meanwhile, the reverse of the coin features General Sudirman's portrait as well as the lettering "25 TAHUN KEMERDEKAAN" and "REPUBLIK INDONESIA." [9]
The guinea was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced. It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings.
The rupiah is the official currency of Indonesia, issued and controlled by Bank Indonesia. Its name is derived from the Sanskrit word for silver, rupyakam (रूप्यकम्). Sometimes, Indonesians also informally use the word perak in referring to rupiah in coins. The rupiah is divided into 100 cents, although high inflation has rendered all coins and banknotes denominated in cents obsolete.
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The first coins of the Indonesian rupiah were issued in 1951 and 1952, a year or so later than the first Indonesian rupiah banknotes printed, following the peace treaty with the Netherlands in November 1949. Although revolutionary currency had been issued by the provisional Indonesian government between 1945 and 1949, it had all been formed of paper, for metal were too scarce for the internationally isolated government to use as currency.
The first banknotes used in the archipelago that would become Indonesia were those issued by the United East India Company, credit letters of the rijksdaalder dating between 1783 and 1811. Netherlands Indies gulden government credit paper followed in 1815, and from 1827 to 1842 and again from 1866 to 1948 gulden notes of De Javasche Bank. Lower denominations were issued by the government in 1919–1920 and in 1939–1940 due to wartime metal shortages, but otherwise day-to-day transactions were conducted using coinage.
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The currency of Indonesia, the rupiah, has a long history dating back to its colonial period. Due to periods of economic uncertainty and high inflation, the currency has been re-valued several times.
The Three guilder coin was a silver coin struck in the Kingdom of the Netherlands between 1817 and 1832.
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The Indian 10-rupee coin is a denomination of the Indian rupee. The ₹10 coin is the second highest-denomination coin minted in India since its introduction in 2005. The present ₹10 coin in circulation is from the 2019 design. However, the previous ₹10 coins minted before 2019 are also legal tender in India. All ₹10 coins containing with and without the rupee currency sign are legal tender, as stated by the Reserve Bank of India. Along with the standard designs, there are 4 different designs for this denomination and this is used alongside the 10 rupee banknote.
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The Archangel Michael are silver and gold bullion coins originating from Ukraine and minted by the National Bank of Ukraine.
The Indonesian two hundred rupiah coin (Rp200) is a coin of the Indonesian rupiah. It was first introduced in 2003 and was revised in its current form on December 19, 2016.
The Indonesian two thousand rupiah banknote (Rp2,000) is a denomination of the Indonesian rupiah. First introduced on July 9, 2009, it was made legal tender the following day and has since been modified two times, first in 2016 and then in 2022. All notes of this denomination are printed in cotton paper since its introduction.
The fifty rupiah coin (Rp50) is a denomination of the Indonesian rupiah. It was first introduced in 1971 and last minted in 2003. As of 2020, only aluminum Rp50 coins dating from 1999 through 2003 remain legal tender, although it is rarely seen in circulation due to its extremely low value.
The Indonesian twenty five rupiah coin (Rp25) is a now-defunct denomination of the Indonesian rupiah. It was introduced in 1971 and was last revised in 1991. Coins of this denomination were minted until 1996 and have been invalid for transactions since August 31, 2010 when the 1991-issue Rp25 coin ceased to be legal tender.
The Indonesian five hundred rupiah coin (Rp500) is a denomination of the Indonesian rupiah. It was introduced in 1991 and has since been revised three times in 1997, 2003, and 2016. It currently has the second-highest value of all circulating rupiah coins after the Rp1,000 coin. As of December 2023, only alumunium 500 rupiah coins, dated 2003 and 2016, are legal tender.
The Indonesian one hundred rupiah coin (Rp100) is a denomination of the Indonesian rupiah. First introduced in 1973 in cupronickel, it has been revised four times throughout its history, changing materials in 1991 and 1999. As of 2022, it is the second-lowest valued rupiah coin that is legal tender after the Rp50 coin.
The Indonesian one hundred thousand rupiah banknote (Rp100,000) is a denomination of the Indonesian rupiah. Being the highest and second-newest denomination of the rupiah, it was first introduced on November 1, 1999, as a polymer banknote before switching to cotton paper in 2004; all notes have been printed using the latter ever since.