-
Inventory:
1 In Stock
- Product ID: 10086
Checkout
The Egypt 5 Pounds Gold 1960 Aswan Dam coin is a remarkable piece of history, celebrating one of Egypt's most significant engineering feats: the construction of the Aswan High Dam. This iconic coin was issued to commemorate the completion of the dam in 1960, a project that had profound effects on Egypt's development, particularly in terms of agriculture, energy, and national pride. The coin itself holds both historical and numismatic value, capturing the essence of a defining moment in the country’s modernization.
The Aswan High Dam is a monumental structure that controls the flooding of the Nile River, stores water for irrigation, and generates hydroelectric power. Completed in 1970 but initiated in the late 1950s, the dam was considered a symbol of Egypt’s national independence and the modernizing vision of President Gamal Abdel Nasser. The dam’s construction was a major project, which involved international collaboration, and it was part of Nasser's ambitious plans to industrialize Egypt. To mark the dam's importance, the Egyptian government issued a series of coins, including the 5 Pounds Gold coin, which features symbolic designs reflecting the dam's significance.
The design of the Egypt 5 Pounds Gold coin features a powerful visual representation of the Aswan Dam itself. On the obverse, the coin depicts a detailed and dynamic image of the dam, with the flowing Nile River depicted beneath it. The dam is an impressive and recognizable structure that, when viewed from above, looks almost like a giant wall across the river. This powerful imagery is intended to emphasize the structural marvel and the immense scale of the project. Above the dam, the inscription reads “Arab Republic of Egypt,” in Arabic and English, along with the year of mintage, “1960.” The reverse of the coin features the denomination, “5 Pounds,” in addition to the national emblem of Egypt: the Eagle of Saladin, a symbol of strength and sovereignty. Surrounding the emblem are inscriptions that identify the coin's gold content and purity, marking it as a high-value numismatic item with an intricate design.
The coin’s design is not just a tribute to engineering, but also an artistic reflection of the nation’s pride and its aspirations for the future. The combination of the modernity symbolized by the dam and the traditional use of national symbols speaks to Egypt’s efforts to blend its rich historical legacy with its modern identity. The choice of gold as the material for the coin further highlights the significance of the dam as a resource meant to enrich the nation. Gold, traditionally used in coins for its intrinsic value, reflects the high importance of the Aswan Dam to the country’s economic future.
The Egypt 5 Pounds Gold 1960 Aswan Dam coin is minted from high-quality gold, ensuring its durability and luster. With a weight of approximately 8.1 grams of 22-karat gold, the coin is a stunning example of both craftsmanship and material quality. The coin is produced with a fine detail, making it a sought-after collectible piece for numismatists and investors alike. The Royal Mint of Egypt, responsible for the coin's creation, is known for its precision and attention to detail in minting. The coin is produced in limited quantities, adding to its rarity and desirability in the numismatic market.
In terms of mintage, the exact number of 5 Pounds Gold Aswan Dam coins struck in 1960 is relatively small compared to other more widely circulated coins. Due to its limited production, the coin is considered rare, and its value continues to rise as it is regarded not only as a tribute to an engineering marvel but also as a piece of Egyptian history. The 5 Pounds coin is especially prized in uncirculated (UNC) condition, as it has been preserved in its original state, free from wear or damage. Coins in UNC condition retain their original luster, sharp features, and overall pristine appearance, making them more valuable to collectors and investors who seek high-quality items for their collections. As a result, this particular coin has become a valuable item on the global numismatic market, often fetching premium prices in auctions and sales.
In terms of its condition, the coin's value is greatly influenced by how well it has been preserved. The 1960 Egypt 5 Pounds Gold coin is a sought-after item in uncirculated (UNC) condition, which signifies that it has not been circulated for use in commerce and has been maintained in its original state, showing little to no wear. The quality of the strike, the depth of detail in the design, and the preservation of the gold content all contribute to the overall appeal and price of the coin.
The 1960 Egypt 5 Pounds Gold Aswan Dam coin is much more than just a piece of currency; it is a historical artifact that speaks to the technological and political advancements of 20th-century Egypt. It reflects the nation’s pride in the successful completion of the Aswan High Dam, which was a symbol of independence and self-sufficiency for the country. Today, the coin is a testament to the legacy of this major project and its place in the history of Egypt and the world. Whether for collectors, investors, or those with an interest in Egyptian history, the Egypt 5 Pounds Gold 1960 Aswan Dam coin remains a valuable and iconic piece in the numismatic world.