Live auction - fwo_537596 - EGYPT - REPUBLIC OF EGYPT 1 Pound Aswan Dam 1960
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All winning bids are subject to a 18% buyer’s fee.
| Estimate : | 500 € |
| Price : | 440 € |
| Maximum bid : | 456 € |
| End of the sale : | 10 September 2019 19:01:23 |
| bidders : | 4 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
Coments on the condition:
La monnaie présente des traces de manipulation
Obverse
Obverse legend : LÉGENDE ARABE.
Obverse description : Année dans un cercle.
Reverse
Reverse legend : LÉGENDE ARABE.
Reverse description : Barage d’Assouan.
Historical background
EGYPT - REPUBLIC OF EGYPT
(since 1952)
The monarchical Constitution was abolished in December 1952. In 1953, the military regime abolished the political parties and proclaimed the Republic. After General Neguib, Nasser took power in 1954 and took the title of president, he hunted down communists and Islamists. A champion of non-alignment, Nasser took Egypt on the road to development with agrarian reform, irrigation and the electrification of the country. The Suez affair made him a hero of the Arab world against the former colonizing powers, but Soviet aid remained welcome for years. In 1970, Anouar El-Sadat succeeded Nasser and in 1973 resumed hostilities against Israel. In 1979, however, he signed the Camp David agreements while the country experienced the economic crisis. Assassinated in 1981, he was replaced by Mubarak who continued the economic development of the country.
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