Author Topic: Libya: New Coin Series to Replace Gaddafi Era Coinage  (Read 13342 times)

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Offline Bimat

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Libya: New Coin Series to Replace Gaddafi Era Coinage
« on: January 31, 2013, 11:07:19 AM »
New banknotes launched


Tripoli, 30 January 2013:

[...]

New coins are also planned to replace those of the Qaddafi era but are expected to take longer to appear. Late last year, a tender notice was issued to mints abroad for the design and minting of new 50-dirham, 100-dirham, quarter-dinar and half-dinar coins. All will be round.

A small number of one dinar coins is also planned.

Source: Libya Herlad
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline malawi

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #1 on: January 31, 2013, 04:57:29 PM »
thanks for the news!!!   ;)

Offline Bimat

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #2 on: February 01, 2013, 03:25:54 PM »
I'm waiting for the new Libyan coins too. :) The current set of Libyan coins is interesting because it has ¼ and ½ Dinar coins but no 1 Dinar coin. I can't think of any other country where similar situation exists..

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Pabitra

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #3 on: October 25, 2013, 01:56:29 PM »
One tender was awarded in 2012 to The Royal mint but was rejected by Royal mint in view of economic sanctions against Libya.

Is there any news about 2013 tender?

Jordan is another country which has 1/4 and 1/2 Dinar coins but no Dinar coin.

Offline <k>

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #4 on: October 25, 2013, 02:15:05 PM »
Libya is still tense. Like Syria, it risks breaking up in the near future. I believe it was Mussolini who originally united the different provinces into one country. Breakups are good for numismatists though: more coin sets!

Source: http://www.resilience.org/stories/2013-10-21/peak-oil-review-october-21

Libya

The political and security situation continues to deteriorate with a new fighting between government forces and militias currently raging in Benghazi. Federalists in in the Eastern province of Cyrenaica, which holds most of the country’s oil, plan to open their own parliament this week, which could be a major step towards breakup of the country. Militias on the eastern frontier are holding hostage 200 Egyptian truck drives while demanding the return of 13 Libyans being held by the Egyptians who were either arms smugglers or harmless fishermen who strayed across the border. Large quantities of arms from the large stocks acquired by the Gaddafi government are reported to be making their way into Egypt which will only add to the turmoil there.

The prospects for Libya’s oil production in the immediate future are uncertain. If the fighting between the central government and the militias continues, the current exports of 500,000-600,000 b/d could decline. On the other hand if Benghazi succeeds in breaking away from Tripoli, much as the Kurds in Iraq have done, it could open up the flow from Eastern Libya and exports would increase again.

Offline Bimat

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #5 on: October 27, 2013, 07:38:54 AM »
The new coins have been issued recently and they are dated 2009 (AH 1377)!

No one dinar coins (yet).

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Bimat

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #6 on: October 27, 2013, 07:52:23 AM »
New coins are also planned to replace those of the Qaddafi era but are expected to take longer to appear. Late last year, a tender notice was issued to mints abroad for the design and minting of new 50-dirham, 100-dirham, quarter-dinar and half-dinar coins. All will be round.

Not all the coins are round as mentioned in the article. ¼ Dinar (most probably Nickel Brass) is a decagon and 50 Dirhams (Copper Nickel) is scalloped in shape.  100 Drihams (Copper Nickel) and ½ Dinar (Bimetallic) are round.

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Pabitra

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #7 on: October 27, 2013, 09:53:45 AM »
2009 coins are Gaddafi era coins.

The new coins which were supposed to be all round were to be dated 2012 and to be minted by the Royal mint, deal which failed later.

The new series, which was to include 1 Dinar coin, the tenders were floated in Feb 2013 but never appear to have been awarded to any mint since response was rather muted.

Offline Bimat

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #8 on: October 27, 2013, 01:55:27 PM »
Thanks for the correction, wasn't aware of that!

Is the 2009 series hard to obtain? I haven't seen many up for sale on eBay or elsewhere?

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline andyg

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #9 on: October 27, 2013, 02:02:07 PM »
The 50 Dirhams is key to that series - I have one, via a helpful forum member.  Don't think I've seen another since.
always willing to trade modern UK coins for modern coins from elsewhere....

Offline Bimat

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #10 on: October 27, 2013, 02:07:50 PM »
Thanks Andy, helpful indeed! :)

Aditya
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.

Offline Pabitra

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #11 on: October 27, 2013, 03:44:58 PM »
The current set of Libyan coins is interesting because it has ¼ and ½ Dinar coins but no 1 Dinar coin. I can't think of any other country where similar situation exists..

Jordan has no 1 Dinar coin but has fractional dinar coins.

The 50 Dirhams is key to that series.

Other than 1/2 dinar coins, all others are easily available. 1/2 dinar coin got lapped up by bimetallic collectors in big numbers.
In what context is the 50 Dirham the key to that series?

Offline andyg

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #12 on: October 27, 2013, 04:15:18 PM »
Jordan has no 1 Dinar coin but has fractional dinar coins.

Other than 1/2 dinar coins, all others are easily available. 1/2 dinar coin got lapped up by bimetallic collectors in big numbers.
In what context is the 50 Dirham the key to that series?

An ebay search reveals just one for sale at the moment available to the UK (unless you can find more)
Bids start $9.99 if you want it.
always willing to trade modern UK coins for modern coins from elsewhere....

Offline Pabitra

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #13 on: October 28, 2013, 09:31:57 PM »
An ebay search reveals just one for sale at the moment available to the UK (unless you can find more)
Bids start $9.99 if you want it.

Thanks Andy.
I already have couple of 50 Dirhams pieces.
I am looking for 1/2 Dinar in uncirculated condition.
Wherever, I have come across that coin, it is almost in worn out condition.
How could Royal mint produce a coin in such an atrocious condition.

This series has been jinxed and controversial.
Although, the Central Bank started distributing these coins in April 2010 but they suddenly stopped.
The mintage data is not available.

Also, WMK and SCWC differ on details of metal as well as weight.
If you have electronic scales handy and the complete set, could you kindly weigh these 4 coins and let me know, either here or by PM?

Offline andyg

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Re: Libya: New Coin Series to Replace Gaddafi Era Coinage
« Reply #14 on: October 28, 2013, 10:53:53 PM »
My WMK does not have these - it being too old...
The Krause weights appear wrong to me

50 Dirhams - 5.50g (Krause 6.25g)
100 Dirhams - 7g (Krause missing)
¼ Dinar - 8.20g (Krause 11.5g)
½ Dinar - 10.45g (Krause 11.5g - the earlier (1372) coin I have is 11.5g)
always willing to trade modern UK coins for modern coins from elsewhere....