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 Replies: 5 / Views: 550 |
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Pillar of the Community
Russian Federation
1557 Posts |
When I visited Indonesia a few years ago and went to visit local dealers, I saw their coins on sen 25, 1962 in the slab NGC, I did not understand anything about the coins of Indonesia either then or now, but I remember that the coins were too expensive for me.
Now I have found at a local dealer an almost complete set of coins from 1962. Namely, this is the 1st, 25th and 50th seine of 1962 with the image of SUKARNO. The status of these coins is from VF to UNC (I can post images if necessary).
My question. Are these coins rare ? How much can they cost ?
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Pillar of the Community
United States
807 Posts |
I presume these are the coins which are listed in Krause-Mishler under "Riau Archipelago" (with edge inscription KEPULAUAN RIAU) or "West Irian" (no edge inscription), all struck in aluminium, 1, 5, 10, 25, and 50 sen. They certainly wouldn't be common, with the Riau Islands pieces only having circulated from 1963-10-15 to 1964-07-01, and the West Irian pieces from 1964 to 1971-07-01, then called in and presumably melted down. Nor would they have been minted in large numbers for islands with small population and an underdeveloped economy.
But the only answer to the question "what can they cost?" is "as much as you are willing to pay". That's characteristic of items sold to collectors!
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Pillar of the Community
 Russian Federation
1557 Posts |
Definitely "West Irian". I also found these coins in this section. But I didn't think it was a local release. I thought it was a state issue.
I like only 50 sen (the rest of the coins are in pretty bad condition). But already now the bet on the coin is $ 13 (on the coin 50 sen 1962).
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Moderator
 Australia
16806 Posts |
In 1963, Indonesia issued a separate coinage for its newly acquired territory of West Irian (West Papua / Irian Barat / Irian Jaya). The West Irian rupiah was issued at par with the Dutch colonial guilder, which it replaced. The Indonesian rupiah was originally also at par with the guilder but inflation had been much worse in Indonesia than in the Netherlands, meaning 1 West Irian rupiah was equal to 18.9 Indonesian rupiahs. The Riau Islands rupiah was similarly issued to replace the Malayan dollar, which had been widely circulating in the Indonesian islands closest to Malaysia, replacing it at par; one Riau rupiah was worth 14.7 Indonesian rupiahs. These two regional currencies were reassimilated not long after their issue (it is, after all, confusing for everybody when there are multiple currency units with the same name but different values circulating in the same country); the coins were withdrawn and, since Sukarno had fallen from power and passed away in 1920, any stockpiles were destroyed. They do not catalogue very highly (NGC lists the 1 sen coin at $2 in Unc) but I think they are actually much harder to find these days than the catalogue prices indicate. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Russian Federation
1557 Posts |
Did I understand correctly that most of these coins were melted down after the introduction of the single currency "Indonesian rupiah"?
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Pillar of the Community
Russian Federation
1557 Posts |
Unfortunately, I was unable to purchase any coins. The price was too high for me + I had already bought enough other coins from this seller, so the bill came out decent. But I will continue to search for these coins.
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Replies: 5 / Views: 550 |
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Posted 06/12/2023 8:16 pm
