Catalog
1 Saidi Rial - Said
| Issuer | Sultanate of Muscat and Oman |
|---|---|
| Year | 1959-1970 |
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| Shape | Round |
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| Reverse lettering | ريال سعيدي ١ ١٣٧٨ السلطنة السعيدية (Translation: 1 Saidi Rial 1378 The Saidi Sultanate) |
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| Mintage | 1378 (1959) - ١٣٧٨ Proof; London Mint - 100 1390 (1970) - ١٣٩٠ Proof - 350 |
| Additional information |
The Saidi Rial gold series was struck on the authority of Sultan Said bin Taimur, whose conservative fiscal policies kept Oman almost entirely isolated from the oil revenues already transforming neighboring Gulf states. Said famously hoarded the country's modest oil income rather than spending it — a personal austerity that his son Qaboos would dramatically reverse after the 1970 coup. These gold pieces circulated almost exclusively among merchants and were not intended for ordinary commerce.
The .916 fineness follows traditional British sovereign-influenced standards, reflecting Oman's long monetary ties to India and the Gulf rupee system before the Saidi Rial replaced it.