200 Riyals - Saqr F.C. Inter

Ras al-Khaimah was the most prolific issuer of collector-oriented gold among the Trucial States in the years immediately before UAE federation in 1971, producing commemorative series that had virtually no circulation purpose and were sold directly to the international numismatic market. This piece honors Saqr bin Mohammed al-Qasimi, who ruled the emirate from 1948 until his death in 2010 — one of the longest reigns of any ruling family member in the Gulf region.

The "Inter" designation refers to Internazionale Milano, the Italian football club, reflecting a peculiar mid-century trend of small Gulf states issuing coins tied to European sporting clubs to generate foreign exchange revenue from collectors.