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1/2 Saidi Rial - Said

Issuer Sultanate of Muscat and Oman
Year 1961-1962
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Value 1/2 Saidi Rial
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Obverse script Arabic
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Mintage 1380 (1961) - ١٣٨٠ - 300,000
1380 (1961) - ١٣٨٠ Proof -
1381 (1962) - ١٣٨١ - 850,000
1381 (1962) - ١٣٨١ Proof [Unlisted in Krause] -
Additional information

The Saidi rial series was introduced under Sultan Said bin Taimur to replace the earlier Maria Theresa thaler as the dominant trade currency of Oman — a coin that had circulated across the Gulf and Arabian Peninsula for nearly two centuries simply because merchants trusted its consistent silver content. Said's new coinage was deliberately pegged to the Indian rupee at a fixed rate, reflecting the Indian currency's deep entrenchment in Omani commercial life at the time.

The .500 fineness was a practical concession to mint economics rather than a debasement — it matched the silver standard then common to regional fractional coinage. Mintage figures for this short two-year issue were modest, and the series was entirely superseded when Said's son, Qaboos, deposed him in the 1970 palace coup and overhauled the currency system.