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Egypt’s Bimetallic ONE-Pound Coin for the new 2015 Suez Canal project [One Egyptian Pound]

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Product ID: 31168166
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About the item

  • Egyptian New Suez Canal One Pound.
  • New Suez Canal One Pound.
  • One side of the coin shows a stylized SC logo for the Suez Canal, below which appears a ship and waves, among other elements..
  • The other side of the coin features the numeral and denomination text, the latter in both Arabic and English..
  • The coin weighs 6.5 grams and measures 25.65 millimeters in diameter..
Egypt’s opening of a new Suez Canal project is now celebrated with a circulating commemorative ringed-bimetallic 1-pound coin. The nation issued a reported 2 million examples of the A.H. 1436 (2015) coin in early September. The coin celebrates the opening of a project to expand the capacity of the existing Suez Canal (which opened in 1869). The modern project began Aug. 4, 2014, and was completed on July 16, 2015, with an official opening Aug. 6. One side of the coin shows a stylized SC logo for the Suez Canal, below which appears a ship and waves, among other elements. The other side of the coin features the numeral and denomination text, the latter in both Arabic and English. The coin weighs 6.5 grams and measures 25.65 millimeters in diameter. Egypt has honored the Suez Canal on at least five other coins, including a 1956 25-piastre piece to mark the Suez Canal nationalization. Two coins were issued in 1976, in 10-piastre and 1-pound denominations, and two more 1-pound coins were released in 1981, all to help celebrate the 1975 reopening of the canal following its closure in 1967 during the Arab-Israeli War.
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