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The Selling Price of Rp1,000 Palm Oil Coins Not Rp100 Million, Check 4 Facts: Okezone Economy

JAKARTA – Phenomenon old money which is sold up to hundreds of millions is widely discussed. But the facts on the ground, the price of the old money is not as expensive as imagined.

An ancient money seller David stated that the price of coins in the market was only Rp. 5,000 to Rp. 10,000 depending on conditions.

Okayzone also summarizes interesting facts about the selling price of Rp1,000 coins instead of hundreds of millions, Monday (13/9/2021):

1. The Phenomenon of Hundreds of Million Coin Prices

The public is again shocked by the phenomenon of old money being sold at exorbitant prices of up to Rp. 100 million in the marketplace or sold online. However, the public should know that old money sold for hundreds of millions of Rupiah could be a fraudulent mode.

Also Read: Old Money Sold for IDR 100 Million, Anyone Buying It?

This is because the selling price of old money in a number of ancient currency shops in Pasar Baru is very different from the phenomenon of old money being sold in online stalls.

2. Facts in the Field Not Up to Hundreds of Millions

An ancient money seller David shows 1945 coins in the Pasar Baru shopping area, Central Jakarta, Saturday (11/9/2021).

Also Read: 5 Old Money Sold up to IDR 100 Million

David said, the price of 1 Rp500 coin with a jasmine flower and 1 Rp1,000 coin with an image of palm oil which reportedly can be sold for Rp100 million. In fact, these coins on the market are only priced at IDR 5,000 to IDR 10,000 depending on conditions.

3. Fantastic Old Money Price

One of the ancient coins that has a fantastic price is the 1992 Rp 500 note. This banknote has a green image of an orangutan.

Which until now the circulation has been stopped, and stated in Bank Indonesia Regulation (PBI) number 8/27/PBI/2006

In addition, many also sold are Rp1,000 coins in 1993 with images of palm oil, images of President Soekarno, and General Sudirman’s money.

4. Rare to Make Old Money Prices High

The high selling value is often associated with the rarity factor, year of publication, and historical value.

In one marketplace, these old school coins are priced at IDR 100 million per piece. This selling price immediately triggered netizens to offer their old school money in the hope that someone would buy it.

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