1000 Rupiah
| Bimetallic: aluminium-nickel-bronze centre in copper-nickel ring | 8.6 g | 26 mm |
| Issuer | Indonesia › Indonesia (1949-date) |
|---|---|
| Period | Republic (1950-date) |
| Type | Standard circulation coin |
| Years | 1993-2000 |
| Value | 1000 Rupiah (1000 IDR) |
| Currency | Rupiah (1965-date) |
| Composition | Bimetallic: aluminium-nickel-bronze centre in copper-nickel ring |
| Weight | 8.6 g |
| Diameter | 26 mm |
| Thickness | 2.2 mm |
| Shape | Round |
| Technique | Milled |
| Orientation | Medal alignment ↑↑ |
| Demonetized | 1 December 2023 |
| Updated | 2024-10-05 |
| Numista | N#7000 |
|---|---|
| Rarity index | 8% |
Reverse
Palm Oil tree (Elaeis guineensis)
Script: Latin
Lettering:
KELAPA SAWIT
Rp 1000
Translation:
Oil Palm
1000 Rupiah
Edge
Mills and smooth section
Comment
Struck in the Indonesian National Mint, Jakarta.
Recently there was a move made by The Indonesia Central Bank to withdraw 1993 the Rp 1000 bimetal coins from circulation in Dec 2023. It is nothing unusual about such move in the past , but The Central Bank did not offer much details other than the coin is still valid for exchange with equal amount with the current Rp 1000 banknotes for the next 10 years. This had created speculators to sell out the coins on sale at the price tag of USD 6000 per coin. However , the Central Bank did not condone nor condemn such rife speculation among the public. Yet, as everything in this country , there is always a grain of truth and mystery to such move, it will never be known to the public. Perhaps just perhaps , once the dust are settled down, the withdrawal may exceed not only those minted in 1993 but may cover the rest of the remaining coins in current circulation. There may be an economic reason for doing so , as time goes by those base metal used in this bimetal coin may exceed its nominal value. Again , such move will create further mystery to the existence of this coin for years to come.
Interesting fact
One interesting fact about the 1000 Rupiah coin from Indonesia is that it features a unique bimetallic design, with an aluminum-nickel-bronze center surrounded by a copper-nickel ring. This distinctive design not only makes the coin visually appealing but also helps to prevent counterfeiting.
Price
| Date | Mintage | VG | F | VF | XF | AU | UNC |
|---|---|---|---|---|---|---|---|
| 1993 | 5000000 | - | - | - | - | - | - |
| 1994 | 6000000 | - | - | - | - | - | - |
| 1995 | 19900000 | - | - | - | - | - | - |
| 1996 | - | - | - | - | - | - | |
| 1997 | - | - | - | - | - | - | |
| 2000 | - | - | - | - | - | - |
Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 1000 Rupiah 1993-2000 coin.
