Egypt 1957 pound

Steve Album sale 27, lot 1193

This specimen was lot 1193 in Stephen Album sale 27 (Santa Rosa, CA, January 2017), where it sold for $1,527.50. The catalog description^[1] noted, "EGYPT: Republic, AV pound, 1957/AH1377. commemorates the 5th Anniversary of the Revolution and features Ramses III riding a chariot, surrounded by glistening, sun-kissed fields, virtually as struck and one of the very finest examples known, NGC graded MS66." In 1953 the monarchy was ousted by a junta of army officers and the first republic established. After the initial euphoria, the junta, its support waning, decided to participate in the Arab attack on Israel of 1956. This resulted in ignominious defeat and only American intervention saved the regime. In 1958 Egypt, under Gamal Nasser, joined in a formal alliance with Syria. Thus, from 1958-1971, Egypt became officially the 'United Arab Republic'. The alliance with Syria did not last long, and the title was abandoned in 1971 during a purge of the Egyptian political system by Anwar Sadat. This commemorative was accompanied by a gold half pound (Fr-43) and five pounds (KM 388).

Recorded mintage: 10,000.

Specification: 8.50 g, 0.875 fine gold.

Catalog reference: KM-387, Fr-117 (formerly Fr-42).

Source:

Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

^[1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 27, featuring the Dr. Paul Stevens Collection of Indian Coins, Part VI, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2016.

Link to:

Egypt 1957 pound

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