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1 Pound High Dam
| Issuer | Egypt |
|---|---|
| Year | 1960 |
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| Composition | Log in to see details |
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| Reference(s) | KM#401, MHC#1203 |
| Obverse description | Central Arabic legend in two lines occupying the upper field reads 'الجمهورية العربية المتحدة' (United Arab Republic) above 'واحد جنيه' (One Pound), with the dual Hijri and Gregorian dates 1379–1960 inscribed below. At the lower center of the field, a prominently rendered winged solar disk — a classical ancient Egyptian motif — is shown in high relief. The entire design is framed by a decorative inner border of alternating dashes and ticks, itself set within the coin's outer rim. |
|---|---|
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| Edge | Plain |
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| Additional information |
Issued to mark the groundbreaking of the Aswan High Dam project, which Nasser had nationalized the Suez Canal in 1956 partly to finance — after the United States and Britain withdrew promised funding in retaliation for Egypt's recognition of the People's Republic of China. Soviet backing ultimately replaced Western financing, and construction began in 1960, the same year this piece was struck.
The .875 fineness places it in the older Ottoman-influenced Egyptian gold standard rather than the .900 fine coinage that followed later in the commemorative series.