PMG Certifies First Indonesian 75,000 Rupiah Note with Highest Grade
Posted on 10/28/2020
Paper Money Guaranty® (PMG®) has certified the first Indonesian 75,000 Rupiah note to earn its highest grade. The denomination is used exclusively for the 2020 banknotes commemorating Indonesia's 75th Anniversary of its Proclamation of Independence, which were released in August 2020.
Of all the 75,000 Rupiah notes that have been submitted to PMG in the first two months since their release, this is the first to be graded PMG 70✭ EPQ. In fact, of more than 65,000 Indonesian banknotes that PMG has graded in all, fewer than 10 (or less than 0.02 percent) have earned PMG's highest grade.
PMG grades paper money on an internationally recognized scale from 1 to 70. PMG's highest grade, 70, is defined as having no evidence of handling visible at 5x magnification. These notes must also qualify for the PMG Exceptional Paper Quality (EPQ) and PMG Star (✭) designations. To learn more about the PMG Grading Scale, click here.
On their front, the 75,000 Rupiah notes show Sukarno and Mohammad Hatta, who were not only the first president and vice president of Indonesia but also authors of the Proclamation of Independence. The notes' back shows children at the country's first flag-raising ceremony on August 17, 1945, the day the Proclamation was announced.
In addition to earning PMG's highest grade, this particular note is special for two other reasons. It has a First Releases designation, reserved for notes received by PMG within the first 30 days of their release, helping to capture the excitement of a new issue, and it is encapsulated with the special label that celebrates these particular Indonesia notes.
The special PMG label reflects the 75th anniversary theme with a skyline that features a mix of old and new landmarks. They include the National Monument, an obelisk in Jakarta that commemorates Indonesia's struggle for independence.
This special label will be available by request for no additional fee until December 31, 2021. To learn more about it, click here.
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