71/2 Riyals - Rashid Bonefish

Ajman, smallest of the Trucial States with a population barely exceeding 4,000 at the time of issue, produced this coin not for circulation but almost entirely for the international collector market. The early 1970s saw several of the smaller Gulf sheikhdoms — Ajman among the most prolific — issuing silver pieces in denominations that bore no relationship to any functioning local currency system. The 7½ Riyals face value was essentially notional.

The bonefish subject places this within a wildlife-themed series commissioned under Ruler Sheikh Rashid bin Humaid Al Nuaimi. Ajman's issues from this period were largely handled through foreign coin dealers and Franklin Mint-adjacent operations, with actual mintages kept deliberately vague.