The Sultan Fouad I riyal, a rare piece of metal that is nearly 100 years old, is still the focus of currency dealers so far, as they search for it everywhere in order to acquire it for many money that may reach one million pounds, if the condition of the piece is good.
Details of the Sultan Fuad I riyal coin
Muhammad Harbi, a dealer and hobbyist for collecting ancient coins, explained to Al-Watan that the Sultan Fouad I riyal is one of the rarest currencies ever, and if it exists, its price may reach one million pounds, suggesting that the reason for its scarcity is that it was printed before King Fouad I transferred the state of Egypt from Sultanate to kingdom.
Harbi continued, explaining that the Sultanate of Egypt lasted only 6 months, during which the riyal currency was printed in a limited number, noting: “If it exists with a price limit, it will remain a million pounds like the pound Abu Jamlin.”
What “Harbi” said, was confirmed by Mamdouh Muhammad, a merchant and amateur collecting ancient coins, during his conversation with “Al-Watan”, noting that the 20 piaster coin was one of the silver issues in the first period of the rule of Sultan Fouad I, continuing: “If it appears, its price will reach its price.” In Egypt, it can reach 100,000 pounds, while in international auctions, it can reach 100,000 dollars.”
Read also: Old coins are sold at a fantastic price: “If you put them in the dirt, you will earn more.”
At the end of 2017, the Baldwin of St. James Auctions in London announced the offering of an Egyptian twenty piaster coin “riyal” dating back to 1920, belonging to Sultan Fouad, the ruler of Egypt, for sale at an auction, describing it as one of the rare coins belonging to the era in which it was carried. During which Fouad was called “Sultan of Egypt”, which lasted from 1917 until 1922.
The first Sultan riyal is one of four other denominations that were minted in 1920 in different quantities: two piasters (2800,000 pieces), five piasters (1,000,000 pieces), and ten piasters (500,000 pieces), all of silver.