Rare Islamic gold coin can sell for more than 1 million pounds in auction

A rare Islamic gold coin, believed to be the first of its kind to be sold at auction, could sell for more than £1 million when it goes under the hammer later this month.

The 6th-century gold dinar dates from the Umayyad Caliphate who ruled from 660 to 750.

Coins from this period are common but the Arabic phrase inscribed on the dinar is thought to be rare.

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The Classical Numismatic Group must offer coins dating from AD 711/712 that have never been seen or put up for auction before.

“Ma’din Amir al-Mu’minin”, which means Commander of the Loyalists, is attached to the official title of the ruler of the Muslim community.

It has been in use for about three years, according to the Classical Numismatic Group (CNG), which organizes the auction.

The company says it is the first coin from the years 711-712, corresponding to the 93rd year of the Hijrah exodus, to be auctioned.

According to CNG, the coin is estimated to be worth £700,000 but could go up to more than £1 million.

Stephen Lloyd, an Islamic coin specialist at CNG, said: “The remarkable, small Umayyad coins…are amazingly small, beautiful and rare historical documents.”

He added that evidence indicates that the coins were “only ever made in small numbers, which is consistent with their present-day rarity”.

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The Classical Numismatic Group must offer coins dating from AD 711/712 that have never been seen or put up for auction before.

The coin also mentions the sixth Umayyad caliph, Al-Walid I.

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He conquered northwestern Africa, Spain and lower Central Asia and built the Al-Aqsa Mosque in Jerusalem, the Prophet’s Mosque in Medina, and the Grand Mosque in Damascus.

The coin will be offered for sale at CNG’s Islamic auction in London on October 27.

https://www.independent.ie/entertainment/rare-islamic-gold-coin-could-fetch-more-than-1m-at-auction-42080361.html Rare Islamic gold coin can sell for more than 1 million pounds in auction

Fry Electronics Team

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