5 Milliemat since 1968

Name: 5 Milliemat since 1968
SKU: 203866155

Hadayek al-Ahram, Giza

6 days ago

Details

Price TypeNegotiable

TypeAntiques

Description

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

Location

Egypt