الوصف
The 5 Milliemes coin has been in circulation in Egypt since 1968. Here's a detailed overview:
General Information
Denomination: 5 Milliemes
Currency: Egyptian Pound (EGP)
Subunit: 1 Egyptian Pound = 100 Piastres = 1,000 Milliemes
Issued Year: 1968
Physical Characteristics
Composition: Aluminium bronze
Weight: 3.6 grams
Diameter: 21 mm
Thickness: 1.35 mm
Design
Obverse
Description: Features the arms of the Federation of Arab Republics (Hawk of Quraish).
Inscriptions: "Arab Republic of Egypt" in Arabic.
Reverse
Description: Displays the denomination "5 Milliemes" in Arabic.
Inscriptions: Hegira (Islamic) year 1393 and Gregorian year 1968.
Value and Collectibility
Face Value: 5 Milliemes (0.005 Egyptian Pound)
Current Value: The value can vary depending on the condition of the coin. In uncirculated or excellent condition, it can fetch a higher price from collectors.
Historical Context
Issuing Authority: The coin was issued by the Central Bank of Egypt during a period when Egypt was modernizing its currency and aligning it with international standards.
Monetary System: During this time, Egypt was part of the Federation of Arab Republics, which included Egypt, Syria, and Libya.
Circulation and Usage
Circulation: The 5 Milliemes coin was widely used in everyday transactions in Egypt.
Demonetization: The coin is still legal tender but has largely fallen out of use due to inflation and the introduction of higher denominations.
Collectible Value Factors
Rarity: The rarity of the coin can increase its value among collectors, especially if it is from a specific mint year or has unique features.
Condition: Coins in better condition (uncirculated, proof versions) are more valuable.
Historical Significance