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5 Pounds Petroleum Industry
| Issuer | Egypt |
|---|---|
| Year | 1984 |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | The obverse features bold calligraphic Arabic inscriptions arranged concentrically across the field, with the country name and denomination rendered in stylised script. A circular cartouche at centre encloses additional Arabic lettering. The Hijri date 1404 appears to the lower left and the Gregorian date 1984 to the lower right. A decorative foliate or arabesque motif occupies the lower portion of the field. The entire design is framed by a reeded border. |
|---|---|
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| Reverse description | The reverse displays a flaming torch rising from three interlocking circles in the centre of the field, symbolising the petroleum industry. Arabic inscriptions arc across the upper portion of the field, with the commemorative dates 1934 and 1984 flanking the central device to either side. Additional Arabic legend curves along the lower field identifying the cooperative petroleum association. The design is enclosed within a reeded border consistent with the obverse. |
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| Additional information |
Egypt launched a series of commemorative silver issues in the early 1980s tied to specific industrial and economic sectors, reflecting the Mubarak government's push to project development confidence following the disruptions of the Sadat years. The petroleum series coincided with Egypt's efforts to renegotiate its production-sharing agreements with foreign operators after nationalization pressures of the previous decade had complicated foreign investment.
The .720 fineness is notably below sterling — a deliberate cost-reduction choice that became characteristic of Egypt's commemorative program during this period, allowing higher mintage ceilings at lower silver cost.