View source for Indonesia 1992 500 rupiah

[[Image:Sed35-1338g.jpg|300px|thumb|Sedwick Treasure Auction 35, part of lot 1338]]
[[Image:Sed35-1338h.jpg|300px|thumb]]

This specimen was part of lot 1338 in Sedwick Treasure Auction 35 (Winter Park, FL, May 2024), where it sold for $2,400. The catalog description<sup>[1]</sup> noted, "INDONESIA, eight-coin rupiah proof set in aluminum and aluminum alloys, 1992-1999. KM-52 through 56, 60, 61. box is 7-1/4" x 4-3/4" x 1-1/2". A handsome wooden display box housing a design and specifications card and epoxy-encased coins in proof as follows (reverse theme of each in parentheses): bimetallic 1000 rupiah 1995 (oil palm); aluminum-bronze 500 rupiah 1992 (jasmine); aluminum-bronze 500 rupiah 1995 (jasmine); aluminum-bronze 100 rupiah 1995 (buffalo race, card says 1992); aluminum 100 rupiah 1999 (kakatua raja bird); aluminum-bronze 50 rupiah 1995 (komodo lizard); aluminum 50 rupiah 1999 (kepodang bird); and aluminum 25 rupiah 1995 (nutmeg, card says 1992). With wooden display box." This type was struck 1991-95. At present (May 2024), US$1 = 16,100 rupiah, giving this coin a exchange value of about three cents, presuming the regime has not demonetized it. Indonesia was one of the victims of the 1997 currency crisis, which saw the rupiah fall from Rp2,350/dollar in July to Rp5,650/dollar by December. When the rupiah fell to Rp10,000/dollar in early 1998, rioting ensued and Suharto was forced to resign.

''Recorded mintage:'' 100,000,000 plus proofs.

''Specification:'' 5.35 g, aluminum bronze, 23.95 mm diameter. 

''Catalog reference:'' KM 54. 

''[[Bibliography|Source:]]''
* Michael, Thomas, and Tracy L. Schmidt, ''Standard Catalog of World Coins, 1901-2000, 47th ed.,'' Iola, WI: Krause Publications, 2019.
* <sup>[1]</sup>Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing and Connor Falk, ''Treasure Auction 35, World, U.S Coins and Paper Money,'' Winter Park, FL: Daniel Frank Sedwick LLC, 2024.

''Link to:''
* [[Indonesia 1995 25 rupiah|1995 25 rupiah, nutmeg]]
* [[Indonesia 1995 50 rupiah|1995 50 rupiah, komodo lizard]]
* [[Indonesia 1995 100 rupiah|1995 100 rupiah, buffalo race]]
* [[Indonesia 1995 1000 rupiah|1995 1000 rupiah, oil palm]]
* [[Indonesia 1997 500 rupiah|1997 500 rupiah, jasmine]]
* [[Coins and currency dated 1992]]

[[Category:Selections from Sedwick sale 35]]