Gold Coins From The Middle East

Middle East Gold Coins

Middle East Gold Coins are one of the most popular world gold coins, having a rich history behind. It is believed that the first coin were struck in Lydia, which is now a part of the western Turkey. These coins date back to the 7th century and were made of electrum – a natural alloy of silver and gold – which was more durable than gold. The practice of minting precious metal coins quickly spread across the region and soon, many nearby kingdoms were manufacturing remarkable gold coins such as the Gold Dinar, Sultani, Yarim, Tek, Onluk, Altin, Piastres, and Lire. The first ever pure gold coin is believed to be the 4.25 gr. Dinar Gold Coin issued by the early Islamic Caliphate. Modern Dinar Gold Coins are mostly privately issued and not legal tender. Modern Middle East Gold Coins include Afghanistan gold coins, such as the 10,000 Afghanis; Egyptian Gold Coins, such as the 5, 10, 20 and 50 piastre and 1 pound coins; Iraqi Gold coins like the 5 and 100 Dinars; Jordanian Gold Coins - 60 Dinars; Saudi Arabian Gold Coins - the Guinea Trade coin; Yemen Gold Coins – 1, 2, 5, 10 and 20 Riyal, and many more.

Middle East Gold Coin Sizes and Designs

Most of the Middle Eastern countries use Arabic writing; therefore, this peculiarity can be easily observed on their coins’ designs. Old middle eastern gold coins usually showcased traditional inscriptions, floral patterns, geometric shapes and never images of important, historical figures. However, modern Middle Eastern Gold Coins come in various representations and styles, following the numismatists’ preferences all around the world: like the first Turkish Gold Coins which adopted the European style and showcased the bust of their country’s founder and first president. Another peculiarity of Middle Eastern Gold Coins is the mintage year mark. Many Islamic coins use the time of Prophet Mohammed as the starting point (around 650 AD). Thus, coins that appear to be medieval (1200 or 1300) were really minted in the 1900s. For this reason, Middle Eastern Coins are hard to be appraised, meaning that you need to be sure you purchase them only from authorized sellers, like Bullion Exchanges.

Turkish Gold Coins

A highly appreciated Turkish gold coin is the 100 Kurush Atatürk (also called 100 Piastres) minted since the establishment of the Republic of Turkey in 1923. These coins are beloved for their simple, classic design depicting the profile of the first president of the Republic, Mustafa Kemal Atatürk. The coin was minted at the Turkish State Mint in Istanbul from 0.2127 troy ounces of .900 pure gold. One peculiarity of this Turkish gold coin is the date engraving on the reverse side – it displays the year when the Turkish Republic was founded (1923) and the number of years that passed since the moment the coin was struck. Therefore, to find out the exact date of the coin, you must sum up these two numbers. The Piastres are also available in other denominations: 25, 50, 250 and 500 Kurush. However, these coins are not the first Kurush coins, as these Turkey gold coins were also minted during the Ottoman Empire.

Iranian Gold Coins

Iranian Gold Coins have an extensive and very rich history. Until 1931, when the modern Iranian state was formed, the territory was owned by the Kingdom of Persia, one of the most powerful ancient empires. The first Persian Gold Coins were the “Darics”, also called “archers” issued in 521 BC. However, the most famous Iranian coin of the Persian period is the Pahlavi Gold Coin, minted in denominations of 10, 5, 2.5 Pahlavis, and 1, ½ ¼ Pahlavi. After the establishment of the Islamic Republic of Iran in 1979, the first Iranian gold coin issued was the Azadi – Pound, minted in smaller denominations of ½ and 1/4, and struck of .900 pure gold.

Israel Gold Coins

The Holy Land Mint of Israel began issuing its own coins in 1948, but the first Israel gold coin was struck in 1960. Israel Gold Coins are legal tender, carrying denominations in Mils and Lirot (pounds) for coins minted until 1985, and Shekels and Sheqalim for the latest Israeli Coins. Among Israel Gold Coins you can find 500, 100 and 50 Lirot gold coins, 100 Shekels, 10 Sheqalim, 10 and 20 New Sheqalim.

Browse through our wide collection of Middle Eastern Gold Coins issued in Turkey, Israel, Iran, Egypt, Iraq Lebanon, Syria, Jordan, Saudi Arabia, Oman, Yemen, UAE, Qatar and many other countries. For any questions about these impressive gold pieces of Middle Eastern Coins, please contact a Bullion Exchanges associate at 800.852.6884 or connect with us via our live chat, or send us an email at [email protected]