2016 Vietnam 500,000 Dong Banknote P-124 Graded PMG 66 EPQ GEM UNC, Polymer with New Planet Banknote PMG Label (Rare Z Series)
Historical Significance
The 2016 Vietnam 500,000 Dong banknote (P-124) is among the highest denominations in Vietnam’s currency system. It represents Vietnam’s ongoing economic development and modernization efforts. Issued during a period of significant economic growth, this note plays a crucial role in daily transactions. The "Z series" is particularly rare and highly sought after by collectors, adding to its historical and collectible significance.
Design and Features
This 500,000 Dong banknote is crafted from polymer, a material chosen for its durability and resistance to wear. The obverse side prominently features a portrait of Ho Chi Minh, the revered leader and founder of modern Vietnam, symbolizing the nation’s pride and historical roots. The reverse side depicts Ho Chi Minh's birthplace in Kim Liên, emphasizing Vietnam's cultural heritage and respect for its historical figures.
The note incorporates several advanced security features such as a transparent window, a security thread, and micro-printing to prevent counterfeiting. Its vibrant colors and intricate designs not only enhance its visual appeal but also its authenticity and security.
Condition
Graded by PMG (Paper Money Guaranty) as 66 EPQ GEM UNC (Gem Uncirculated), this banknote is in excellent condition. A grade of 66 signifies the note is exceptionally well-preserved with minor imperfections that are not readily noticeable. The EPQ (Exceptional Paper Quality) designation confirms that the banknote retains its original quality and has not undergone any modifications or repairs.
PMG Planet Banknote Label
The new PMG Planet Banknote Label adds a unique and prestigious touch to this banknote. This label is part of PMG's initiative to recognize and highlight significant and notable banknotes from around the world. The inclusion of the Planet Banknote series label further enhances the note's appeal and exclusivity, especially for the rare "Z series."
Collector's Value
The 2016 Vietnam 500,000 Dong banknote from the rare "Z series" is a highly valued collectible. Its PMG 66 EPQ GEM UNC grade ensures it is in top-notch condition, making it even more desirable. The new Planet Banknote Label adds to its exclusivity and appeal. Collectors appreciate such notes for their rarity, historical significance, and pristine preservation, making this a valuable addition to collections focused on modern polymer banknotes and Southeast Asian currencies.
