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The Ptolemaic dynasty introduced standard coinage to Egypt, where pre-existing native dynasties made only very limited use of coins. Egyptian gold stater was the first coin ever minted in ancient Egypt around 360 BC during the reign of pharaoh Teos of the 30th Dynasty. These coins were used to pay salaries of Greek mercenaries in his service.
List of most expensive coins Price Year Type Grade Issuing country Provenance Firm Date of sale $18,900,000 1933 1933 double eagle: MS-65 CAC United States: King Farouk of Egypt: Sotheby's [1] June 8, 2021 $12,000,000 1794 Flowing Hair dollar: SP-66 CAC United States Neil, Carter Private sale [2] January 24, 2013 $9,360,000 1787 Brasher ...
Standard Catalog of World Gold Coins: With Platinum and Palladium Issues: 1601–present, 6th Edition, publication date 2009, Krause Publications, ISBN 978-1-4402-0424-1 Digital copy available separately. Unusual World Coins, 6th Edition, publication date 2011, Krause Publications, ISBN 978-1-4402-1702-9 Digital copy available separately.
Teos' successor Nectanebo II kept this practice, though coining his personal gold staters. Gold stater as a daric (about 8.42 grams), obverse with a prancing horse on the right, [1] reverse with the hieroglyphs nfr-nb. Small gold stater (about 2.56 grams, diameter 14-15 mm), with a probable picture of a leaping gazelle.
Gold stater of Nectanebo II; Perfect Gold, or Fine Gold. One of the few coins minted for ancient Egypt is the gold stater, issued during the 30th Dynasty. The reverse of the gold stater shows a horse reared up on its hind legs. The obverse has the two hieroglyphs for nfr and nb: "Perfect gold", or a common-era term: 'Fine'-gold.
The piastre was based on the Turkish kuruş, introduced while Egypt was part of the Ottoman Empire. As in Turkey, debasement lead to the piastre falling significantly in value. In 1834, the pound, or gineih (Arabic), was introduced as the chief unit of currency, worth 100 piastre. The piastre continues in use to the present day as a subdivision ...
In 1885, Egypt went into a purely gold standard, and the Egyptian pound unit, known as the juneih, was introduced at E£1 = 7.4375 grammes of fine gold. This unit was chosen on the basis of the gold content in the British gold sovereign and maintaining the exchange value of 97.5 piastres to the pound sterling, and it replaced the Egyptian ...
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