Libyan 100 Piastres / 1 Pound Gold Coin, King Idris I (c. 1371 AH / 1952 AD)
Coin (Numismatic/Bullion) · Yellow Gold (Classic warm tone with subtle copper undertones for hardening).
Purity: 22K (.917 fineness). This means the coin is composed of 91.67% pure gold, with the remaining balance typically being copper or silver for durability.
Type
Coin (Numismatic/Bullion)
Purity
22K (.917 fineness). This means the coin is composed of 91.67% pure gold, with the remaining balance typically being copper or silver for durability.
Gold Type
Yellow Gold (Classic warm tone with subtle copper undertones for hardening).
Weight
8.00 grams (approx. 0.2355 troy oz AGW). As a coin of this standard, its value is heavily dictated by its exact mass relative to current spot prices.
Description
A refined example of Libyan numismatic history, this gold 100 Piastres coin features the left-facing profile of King Idris I. The obverse is characterized by elegant Arabic script encircling the monarch's bust, while the reverse traditionally displays the national emblem and denomination. Its luster and historical heft make it a prized piece for collectors of Middle Eastern and North African gold.
Key Features
Portrait of King Idris I, Arabic script for 'Kingdom of Libya', and the specific 22K alloy weight which aligns with the British Sovereign standard.
Color & Finish
Light yellowish gold with a matte-to-circulated finish. Visible surface abrasion and a slight silver-grey patina/toning suggest historical handling.
Hallmarks & Stamps
Arabic calligraphy denoting the title of King Idris I and the denomination. Typically lacks modern jewelry hallmarks, relying instead on the mint’s official die design.
Dimensions Estimate
Approximately 22mm in diameter; standard thickness for a 1-pound/sovereign-class gold coin.
Gemstones & Inlays
None. The item is a struck metal coin featuring high-relief numismatic art.
Clasp & Closure
Not applicable. The coin has a reeded edge for security and to prevent 'clipping' of the precious metal.
Chain & Links
Not applicable. For this coin, the edge is reeded (milled), which was a standard anti-counterfeiting measure in the mid-20th century.
Craftsmanship Details
Machine-struck via steel dies. The relief shows high detail in the hair and lettering, though much has been softened by decades of handling.
Authentication Indicators
The depth of the strike and the specific profile of Idris I are consistent with official issues. However, the greyish-blue surface tint may suggest environmental residue or a lower-than-expected weight-to-volume ratio—professional XRF testing is advised to rule out gold-plating.
Origin & Maker
Kingdom of Libya; likely struck at an international mint such as the Royal Mint (UK) on behalf of the Libyan government.
Era & Period
Mid-Century Modern / Kingdom of Libya Era (1951–1969). The design reflects the transitional period of Libyan independence under the Sanusi dynasty.
Age Estimate
Circa 1952 (1371 AH). This represents the early reign of King Idris I following the 1951 declaration of independence.
Cultural Significance
Represents the brief period of Libyan constitutional monarchy and the country's first steps into modern economic sovereignty after Italian colonial rule.
Condition Notes
Very Good (VG) to Fine (F). There is significant surface wear, visible scratching ('hairlines'), and some dullness in the luster, indicating it may have been kept in a pouch or circulated.
Value Estimate
Primarily melt value (approx. $550-$600 USD based on $2300/oz spot) plus a numismatic premium of 10-25% depending on verified authenticity and rarity.
Care & Maintenance
Do not clean with abrasives. Use only specialized coin dips if necessary, though retaining original patina is preferred for numismatic value. Store in a non-PVC plastic flip or capsule.
Similar Items
British Gold Sovereign (similar weight/purity), Egyptian King Farouk Gold Coins, or Saudi Arabian Gold Guineas.
Interesting Facts
King Idris I was Libya's only king. After he was overthrown by Muammar Gaddafi in 1969, many of these coins were melted down or hidden, increasing their rarity today.