2 Qirsh - Farouk

Features

Issuer	Egypt
King	Farouk I (1936-1952)
Type	Standard circulation coins
Year	1363 (1944)
Calendar	Islamic (Hijri)
Value	2 Piastres (قرش) (0.02 EGP)
Currency	Pound (1916-date)
Composition	Silver (.500) (50% Silver, 48% Copper & 2% Manganese)
Weight	2.8 g
Diameter	21 mm
Thickness	0.7 mm
Shape	Hexagonal (6-sided)
Technique	Milled
Orientation	Medal alignment ↑↑
Demonetized	Yes
Number	N# 8677
References	KM# 369 Standard Catalog of World Coins (86 volumes). , Schön# 80 Battenberg Gietl Verlag (publisher). Weltmünzkatalog. Battenberg Gietl Verlag, Regenstauf, Bavaria, Germany (4 volumes). , MHC# 257 Magdy Hanafy; 2015. العملات المعدنية / The Egyptian Coins: موسوعة وكتالوج العملات المصرية = The Egyptian Coins. Friends Group For Philately & Numismatics, Cairo, Egypt.

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Obverse

Portrait of Farouk I of Egypt

Script: Arabic

Lettering:
فاروق الأول
ملك مصر
PM

Translation:
Farouk I
King of Egypt

Engraver: Percy Metcalfe

Reverse

Arabic legend within decorative pharaonic wreath

Script: Arabic

Lettering:
٢ قرشان
المملكة
المصرية
۱۹٤٤ - ۱۳٦۳

Translation:
2 Piastres
Kingdom
of Egypt
1944 - 1363

Edge

Plain

Mint

Pretoria, South Africa (1890-1902, 1923-1992)

Comments

Krause lists the mintage as 32,000 only, however, it's believed to be a typo with the actual mintage being 32 million instead of 32 thousand

Due to the staggering silver prices during WWII, many countries had to alter their silver coinage, in fact, many countries had to change all of their coinage, namely due to skyrocketing metal costs. Egypt had been using the same dimensions & alloys for silver coinage for 100+ years and the rising silver price due to the War, the silver content of the circular 2 piastres coin surpassed the face value, this leading to many cases of hoarding and smelting to gain material. The government took action, banning all resale of 2 Piaster coins and smelting for material. A new coin with a new alloy of .500 Silver (old alloy : .833) was minted with a new shape to be easily identifiable from the old 2 piastres and was minted in massive quantities to fulfill National silver (silver here means coinage not Ag) needs for many years to come.
It was inevitable that coins’ materials would eventually degrade into base metals. This would later happen in the UAR (United Arab Republic) Era with the 5 & 10 pt.

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Date			Mintage	G	VG	F	VF	XF	AU	UNC
Undetermined
1363 (1944)			32 000 000	$ 4.00	$ 5.70	$ 6.20	$ 7.80	$ 9.00	$ 9.00	$ 16		١٣٦٣ - ١٩٤٤

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

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Numista Rarity index: 7 Search tips

This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Bullion value: USD 3.09 Search tips

This value is given for information purpose only. It is based on a price of silver at 2206 USD/kg. Numista does not buy or sell coins or metal.

Actual silver weight: 0.045 oz

Current silver price: 68.63 USD/oz (see silver price

)

Past sales

Pictures	Sale	Date	Grade	Sold price
	Katz Auction 126 Lot 1682	18 May 2024	UNC	USD 33.56 (EUR 29.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 120 Lot 571	13 Apr 2024	UNC	USD 42.82 (EUR 37.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 108 Lot 1866	13 Jan 2024	UNC	USD 6.94 (EUR 6.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 106 Lot 403	27 Dec 2023	UNC	USD 13.89 (EUR 12.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 84 Lot 2152	27 May 2023	UNC	USD 19.67 (EUR 17.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 79 Lot 2810	21 Mar 2023	UNC	USD 26.62 (EUR 23.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 109 Lot 1759	27 Jan 2024	AU	USD 6.94 (EUR 6.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 94 Lot 2184	30 Aug 2023		USD 53.23 (EUR 46.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 84 Lot 2153	27 May 2023		USD 15.04 (EUR 13.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.