Royal coin prices at the Egyptian Mint on 18/7/2023
On July 18, 2023, the Sales Department of the Public Treasury and the Egyptian Mint announced the opening of sales for some of the Egyptian royal coins, as it offered sets of copper and nickel coins that had been issued during the reigns of Sultan Hussein, King Fuad I and King Farouk I, in order to make them available for sale to the public.
The pieces were displayed in various sets and at different dollar prices, with the option to purchase them in Egyptian pounds at the equivalent dollar price at the time and day of sale. The sale takes place at the Public Treasury and Mint Authority outlet in Abbassia from 9 am to 3 pm.
She did Egyptian Mint Authority By releasing a portion of the royal coins that were kept in the department’s warehouses when the first issues of the Sphinx series were released after King Farouk was removed from ruling Egypt and the monarchy was abolished, most of the coins released are in the ”unseen” minting condition, with some simple pieces in the circulating condition.
The inventory of parts varied, and the parts sold were divided as follows:
The coins were divided into seven groups as follows:
Group 1: It contains 13 pieces, namely 1/2 and 1 millieme Hussein Kamel, 1/2, 1, 2, 2.5 and 5 milliemes Fouad I and 1/2, 1, 2, 5, 5 and 10 milliemes Farouk I. The price of the set was set at 1426 pounds.
Group Two: It contains 12 pieces, namely 1/2 and 1 millime Hussein Kamel, 1/2, 1, 2, 2.5 and 5 millime Fouad I and 1, 2, 5, 5 and 10 millime Farouk I, at a price of 1302 Egyptian pounds.
Group Three: It contains 9 pieces, namely 1/2 and 1 millime Hussein Kamel, 1/2, 2, 2.5 and 5 millime Fouad I, 2, 5, 5 and 10 millime Farouk I, at a price of 992 pounds.
Group Four: It contains 8 pieces as follows: 1/2 and 1 millime Hussein Kamel, 1/2, 2 and 2.5 millime Fouad I, 2, 5, 5 and 10 millime Farouk I, at a price of 930 pounds.
Group Five: It contains 7 pieces, namely 1/2 and 1 millime Hussein Kamel, 1/2 and 2.5 millime Fouad I, 2, 5, 5 and 10 millime Farouk I, at a price of 837 pounds.
Group Six: It contains 6 pieces, namely 1/2 and 1 millime Hussein Kamel, 1/2 millime Fouad I, 2 and 5 and 5 millime Farouk I, at a price of 713 pounds.
Group Seven: It contains 5 pieces, namely 1/2 and 1 millime Hussein Kamel, 1/2 millime Fouad I 2 and 5 millime Farouk I, at a price of 651 pounds.
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Royal coin prices at the Egyptian Mint on 25/7/2023
The sale of coins was halted at the Public Treasury and the Egyptian Mint on the second day (July 19, 2023) without any details being given about the halting process. Then the sale of the royal metal collections was opened again on Tuesday, July 25, 2023, after the collections were reorganized. The collectors and traders rushed to buy them in an unprecedented manner, in a precedent that is the first of its kind in Egypt and in the Arab world, amid astonishment at the stock that had been kept for more than 70 years.
It is worth noting that primitive sales invoices were issued manually, without any accurate description of the items other than that they were discs, and the number and price were mentioned. The sales prices were changed by the Public Treasury and the Egyptian Mint to new prices.
The new prices for the sets are as follows:
The first set of 13 pieces costs 2140 Egyptian pounds.
The second set of 12 pieces costs 1955 Egyptian pounds.
The third set, 9 pieces, for 1490 Egyptian pounds.
The fourth set, 8 pieces, for 1395 Egyptian pounds.
The fifth set, 7 pieces, for 1255 Egyptian pounds.
The sixth set, 6 pieces, for 1070 Egyptian pounds.
The seventh set, 5 pieces, for 975 Egyptian pounds.
Those wishing to buy these sets rushed to do so even after their prices increased, and some sets began to run out, leaving only sets containing 12, 9, 7 and 5 pieces.
The department began announcing the total price of the seven groups at 10,280 pounds, or the total price of the group of 13 tablets plus 3 groups from the group of 5 tablets at 5,065 pounds, and the total price of the group of 12 tablets plus 3 groups from the group of 5 tablets at 4,480 pounds, or the total price of the group of 9 tablets plus 3 groups from the group of 5 tablets at 4,415 pounds.
There is no information about this event, the sale process, or how long the stock of old Egyptian coins will remain available. However, it remains a historic event for modern Egyptian coin collectors and researchers that may not be repeated, and it raises other questions about the possibility of other Egyptian coins of different categories and metals from previous eras that may appear in the future.
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Admin posts are a selection of news articles from various sources, including but not limited to clubs, associations, governmental authorities, etc., displaying news related to numismatics, philately, notaphily, medals, and historical documents, and relevant to collecting hobbies. Articles have been collected from different websites and social media platforms and translated into Arabic.
