Palembang is one of the
oldest cities in Indonesia. It is located on the Musi river on the island
of Sumatra. The Sultanate of Palembang was established in the early 16th
century by Javanese nobles fleeing from dynastic intrigues after the collapse
of the Sultanate of Demak.
It soon became the one of the greatest agricultural and trade centers in the
Malay area. This undated tin Pitis was issued by the Sultanate of
Palembang between 1600 and 1825. The uniface coin has crude Malay-Arabic
inscriptions around a center hole.