Monday, July 8, 2024

The 723 Umayyad Gold Dinar

The 723 Umayyad gold dinar is one of the most prized Islamic coins, and it was struck from gold mined at a location owned by the caliph. The coin bears the marking “mine of the commander of the faithful” and it’s the first Islamic coin to mention a location in Saudi Arabia. About a dozen examples of the coin are in existence, according to experts.

In 2011, the coin fetched 3.7 million pounds (about $6 million) at auction, the second-most expensive ever sold at auction. In 2019, another version of the coin was sold for the same amount in pounds, but the dollar value came to about $4.8 million. Source

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