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Indonesia 500 rupiah KM 54 (1993-1994 questionable)

Started by thelawnet, February 06, 2009, 07:44:48 PM

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thelawnet

The Indonesian 500 rupiah coin first issued 16 August 1991, which looks like this:



is catalogued in KM as 1991-1994, with mintages listed for 1991 and 1992, but none for 1993 and 1994.

I can however find no trace that either the 1993 or 1994 coins exist, apart from people repeating what is in KM.

Is this just a mistake? Or do these coins actually exist in small (or large) numbers?

Figleaf

I have recorded no sales in my data base for these years and they are not n my collection either.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

thelawnet

Quote from: numismatica on February 07, 2009, 07:26:07 PM
Hi  thelawnet,
I have also got the same coin dated 1992.Also,the catalog values for 1993 and 1994 are not too high (2.5$ for UNC)-that means it is common.(and not removed from circulation).There must be some reason why they are not found in circulation.

Aditya

Actually I think figleaf already discussed the issue of the catalogue values of Indonesia coins here: http://www.worldofcoins.eu/forum/index.php/topic,2809.0.html

He said all dates of a given type are given the same value on the basis of there not being enough date collectors to affect the price.

This doesn't mean that these coins actually exist, I think the compiler believed that this coin was 1991, 1992, 1993 and 1994 dates, and assigned a value for all of them, without necessarily seeing all the dates. It would be better evidence for the existence of these coins if the different dates all had different values.

As a matter of fact, the catalogue value is too high for the 1991 and 1992 coins, because they are common with very low FV.

Figleaf

KM puts in the dates, I provide my value estimates. I will certainly use the info I get here, but KM decides on prices in the last instance.

FV  ???

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

thelawnet

Quote from: Figleaf on February 07, 2009, 11:02:39 PM
KM puts in the dates, I provide my value estimates. I will certainly use the info I get here, but KM decides on prices in the last instance.

FV  ???

Peter

Face value (= ~US$0.05). By comparison, an AU$ 10 cents 1991, mintage 3,174,000 is catalogued at $0.50 in UNC, $0.75 in BU. The 71/100 million mintage 1991/1992 500 rupiah is catalogued at 4-5* higher.

africancoins

Those two later dates likely don't exist. Ask someone suitable in Indonesia to confirm.

Thanks Mr Paul Baker

BC Numismatics

You should email Paul Neumann at indostocks@gmail.com ,as he goes to Indonesia & Malaysia quite often.

Aidan.

borgx

There is no 1993 and 1994 for this coin. The 500 brass coin with jasmine on the front has two dates 1991 and 1992 only.

Figleaf

Very interesting indeed, borgx. What are your sources?

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

borgx

Quote from: Figleaf on July 11, 2009, 06:37:32 PM
Very interesting indeed, borgx. What are your sources?

Peter

You can look at http://www.uang-kuno.com/2008/08/uang-logam-indonesia.html (Indonesian language). The author is a notable Indonesian colletor. I also inteview other collectors which is say the same opinion.

fishfly

Borgx,
Would you believe that there is not a 1999 issue of the 500 Rp. (KM 59) too?
The Uang Kuno website pictures do not show one, but the Standard Catalog of World Coins shows a picture.
I have not found one for my collection yet, so I am qustioning it's existance.
Of course, remember that I am just a small collector.

Mike

BC Numismatics


borgx

Quote from: fishfly on August 12, 2009, 01:45:30 AM
Borgx,
Would you believe that there is not a 1999 issue of the 500 Rp. (KM 59) too?
The Uang Kuno website pictures do not show one, but the Standard Catalog of World Coins shows a picture.
I have not found one for my collection yet, so I am qustioning it's existance.
Of course, remember that I am just a small collector.

Mike

Hi Mike, there is no 1999 issue of 500 rp. The first version is date 1991 and 1992, the second date 1997, 2000, 2001, 2002, 2003.

fishfly

Thank you for the information. I have examples of all these. Now just have to keep updating the grades.
Still have to add a few coins to have a complete set of all years.
Mike