2016 Vietnam 500,000 Dong Banknote P-124 Graded PMG 67 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 a significant denomination in Vietnam's currency system, representing one of the highest-value notes in circulation. This note is part of Vietnam's efforts to modernize its currency and ensure durability and security in everyday transactions. The "Z series" is particularly rare and sought after by collectors, making this note a valuable piece of modern Vietnamese monetary history.
Design and Features
The 2016 500,000 Dong banknote is made from durable polymer, which enhances its longevity and resistance to wear. The obverse side features a portrait of Ho Chi Minh, the revolutionary leader and first President of the Democratic Republic of Vietnam, a figure central to Vietnam's national identity. The reverse side showcases the birthplace of Ho Chi Minh in Kim Liên, reflecting Vietnam's deep respect for its history and leaders.
The design includes advanced security features such as a transparent window, a security thread, and micro-printing, which help prevent counterfeiting. The use of vibrant colors and intricate patterns also adds to the note's aesthetic appeal and authenticity.
Condition
Graded by PMG (Paper Money Guaranty) as 67 EPQ GEM UNC (Gem Uncirculated), this banknote is in exceptional condition. The grade of 67 indicates near-perfect centering, sharp corners, and no visible handling marks. The EPQ (Exceptional Paper Quality) designation confirms that the note is original, unaltered, and has not been subjected to any repairs or cleaning.
PMG Planet Banknote Label
The new PMG Planet Banknote Label further enhances the desirability of this note. This label is part of PMG's initiative to highlight significant and notable banknotes from around the world. The Planet Banknote series label adds a unique and prestigious touch, making this already rare "Z series" note even more special for collectors.
Collector's Value
The 2016 Vietnam 500,000 Dong banknote, especially from the rare "Z series," holds substantial value for collectors. The PMG 67 EPQ GEM UNC grade ensures the note is in pristine condition, while the new Planet Banknote Label adds an exclusive element. Collectors highly prize such notes for their rarity, historical significance, and superb preservation, making them a noteworthy addition to any collection focusing on modern polymer banknotes or Southeast Asian currencies.
