-
Inventory:
1 In Stock
- Product ID: 52720
Checkout
The Cyprus 100 mils coin from 1979, cataloged as KM#42, represents an intriguing artifact in the world of numismatics, encapsulating both the historical context and the evolving monetary system of Cyprus during a significant period. This coin is a product of a time when Cyprus was navigating its identity following independence from British colonial rule in 1960. The introduction of the mils denomination as part of the currency structure was crucial for establishing a financial system that aligned with the aspirations of the newly sovereign nation.
The history of Cyprus is rich and complex, influenced by various cultures and political entities over centuries. After gaining independence from the British Empire, the Republic of Cyprus sought to assert its economic independence and stability. This led to the establishment of a new currency system in which the mil was introduced as a subunit of the Cypriot pound. The 100 mils coin thus became a vital component in everyday transactions, providing a medium of exchange that catered to both small and larger financial dealings.
The design of the 1979 100 mils coin is both functional and symbolic. The obverse features the emblem of the Republic of Cyprus, prominently displaying the silhouette of the island along with olive branches, which symbolize peace. The inscription "Republic of Cyprus" surrounds this imagery, signifying the national identity and sovereignty of the country. This design element serves not only as a functional representation of currency but also as a proud declaration of the island's independence and cultural heritage.
On the reverse side, the denomination “100 Mils” is clearly inscribed, indicating its value. The layout is typically adorned with decorative motifs, providing an aesthetically pleasing design that highlights the craftsmanship involved in coin minting. This combination of practicality and artistry reflects the cultural values of Cyprus, showcasing its identity through the lens of currency.
The composition of the 1979 100 mils coin is significant, being struck from a durable copper-nickel alloy. Weighing approximately 9 grams and measuring about 27 mm in diameter, this coin is designed for everyday circulation. The choice of materials ensures that the coin is not only visually appealing but also robust enough to withstand daily handling. The copper-nickel alloy is a common choice for coinage, offering resistance to wear and tarnishing while maintaining a bright, silver-like appearance.
Graded as "Brilliant Uncirculated" (BU), the 1979 100 mils coin showcases all the intricate details of its design. Coins in this condition are highly sought after by collectors due to their pristine quality, which reflects the original craftsmanship without any signs of wear or damage. The clarity of the design elements and the smooth surfaces enhance the overall appeal of the coin, making it a prized piece in any collection.
The mintage of the 1979 100 mils coin is indicative of its role in the economy of Cyprus during this period. While specific figures may vary, it is understood that the coin was part of a series minted to meet the demands of a growing economy and to provide citizens with a reliable form of currency. The circulation of these coins facilitated trade and commerce, contributing to the economic stability that the new government aimed to achieve.
The late 1970s were a time of significant political and social change in Cyprus. The establishment of the 100 mils coin, alongside the broader monetary reforms, represented a commitment to creating a stable economic environment. This was particularly important in the context of the island's diverse population and the need for inclusive economic practices. The 100 mils coin was not just a means of exchange; it symbolized the efforts of a nation to build a cohesive identity and ensure that its economic infrastructure was resilient and responsive to the needs of its people.
In summary, the Cyprus 100 mils 1979 KM#42 BU coin is more than just a piece of currency; it is a historical artifact that reflects the rich cultural heritage of Cyprus during a transformative era. With its unique design, practical composition, and significant cultural background, this coin stands as a testament to the resilience and aspirations of a nation navigating the complexities of independence. Whether viewed as a collector’s item or as a piece of historical significance, the 100 mils coin provides valuable insights into the socio-economic dynamics of its time, serving as an important link to the narrative of Cyprus's development and national identity.