1.3 Million Swiss Francs For a Complete Collection of the First Islamic Gold Dinars

December 24th, 2012 by


CoinWeek reports on the astounding sale of a complete collection of the first Islamic gold dinars for 1.3 million Swiss Francs ($1,420,000) at the November 27 Numismatica Genevensis auction. The gold dinar was a completely different type of gold coin, having passages from the Koran where the face of a king or emperor would have been.  Invented in the year 77 of the Islamic calendar (AD 696) by Abd al-Malik bin Marwan, the purity of his dinar made it the premier medieval trade coin, even in Europe.

As CoinWeek reports: “In this, their 7th auction, Numismatica Genevensis was able to offer a complete ensemble of all years of the earliest strictly Islamic gold coins, including all rarities of this series and with every single piece in outstanding condition. With a hammer price of 1.3 million francs as opposed to its overall estimate of 400,000, this lot turned out to be auction’s most expensive.”

Several more ancient coins, both Islamic and European, brought far more than their expected price. Read the complete details on CoinWeek!