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Live auction - fwo_593643 - EGYPT - REPUBLIC OF EGYPT 1 Pound Aswan Dam 1960

EGYPT - REPUBLIC OF EGYPT 1 Pound Aswan Dam 1960  MS63 PCGS
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All winning bids are subject to a 12% buyer’s fee.
Estimate : 600 €
Price : 490 €
Maximum bid : 490 €
End of the sale : 08 September 2020 18:37:19
bidders : 3 bidders
Type : 1 Pound Aswan Dam
Date: 1960
Quantity minted : 252000
Metal : gold
Millesimal fineness : 875 ‰
Diameter : 24 mm
Orientation dies : 12 h.
Weight : 8,55 g.
Edge : cannelée
slab PCGS
Coments on the condition:
La monnaie est sous coque PCGS MS63
Catalogue references :


Obverse legend : LÉGENDE ARABE.
Obverse description : Année dans un cercle.


Reverse legend : LÉGENDE ARABE.
Reverse description : Barage d’Assouan.

Historical background


(Since 1952)

Monarchical constitution was abolished in December 1952. In 1953, the military regime suppresses political parties and proclaimed the Republic. According to General Naguib, Nasser took power in 1954 and took the title of president, he chased the Communists and the Islamists. Champion of non-alignment, Nasser takes Egypt on the path of development with land reform, irrigation and electrification of the country. The Suez affair made him a hero in the Arab world against the former colonial powers, but Soviet aid is welcome for years. In 1970, Anwar Sadat succeeded Nasser in 1973 and resumed hostilities against Israel. In 1979, however, he signed the Camp David while the country is experiencing economic crisis. Assassinated in 1981, he was replaced by Mubarak continued economic development of the country.

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