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1 Mil
| Issuer | Republic of Cyprus |
|---|---|
| Year | 1963-1972 |
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| Value | Log in to see details |
| Currency | Pound (decimalized, 1955-1982) |
| Composition | Log in to see details |
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| Obverse description | The arms of the Republic of Cyprus centred within the field: a shield bearing a dove of peace in flight above the date 1960 (the year of independence), flanked on either side by olive branches forming a wreath. The mint year appears above the shield in the field. The bilingual legend encircles the design, reading in Greek ΚΥΠΡΙΑΚΗ ΔΗΜΟΚΡΑΤΙΑ to the left and in Latin characters KIBRIS CUMHURIYETI to the right, separated by a raised dot. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Cyprus gained independence from Britain in 1960, and the decimal coinage introduced shortly after replaced the pound-shilling-pence system with a clean 1000-mil pound. The mil was always a token denomination — by the late 1960s it could buy essentially nothing on its own — but the series was maintained for accounting purposes until decimalization pressures made even that rationale difficult to defend.
The aluminium-magnesium alloy was a deliberate choice for low-value coins across many newly independent states in this period, minimizing metal cost on denominations where production expense would otherwise exceed face value.