Bahrain's coin for the jasmine revolution

Started by Figleaf, March 30, 2011, 10:12:26 PM

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Figleaf

Collector's item 
By ALICIA DE HALDEVANG, March 28, 2011

THE 500 fils coin that depicts the GCC Roundabout could become a future collector's item after the monument was pulled down.

The coin, which was first introduced in 2000, is no longer issued by the Central Bank of Bahrain (CBB) but it is still being circulated in the economy.

"It is still being used, but it just doesn't get handed out to people who go to CBB as the printing of the coin was stopped a long time ago," said a bank official.

Due to the fact that it is no longer minted in Bahrain, the coin could be a rarity in years to come, said Bahrain Philatelic Society president Mohammed Al Janahi.

"If you have a 500 fils coin, then you can exchange it for a note at the bank, or you can keep it as one day I am sure it will become a collectable coin," he said.

The coin shows the GCC Roundabout, locally known as Pearl or Lulu Roundabout, printed on a cupro-nickel ring and brass centre.

The roundabout had been taken over by anti-government protesters, who had set up camp in the middle of the intersection. It was first occupied on February 15, but was cleared in the early hours of February 17 in a police operation that resulted in the deaths of four protesters as well as injuries to both police and demonstrators.

The intersection was later reclaimed by protesters on February 19 before security forces went in on March 18 to clear people who had once again set up camp underneath the monument.

It was pulled down by authorities in an operation that started during the early hours of March 18. alicia@gdn.com.bh

Source: Gulf Daily News
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Harald

The coin was issued again in 2002 when Bahrain became a kingdom. According to the website of the central bank the denomination has not been demonetised. Means, the Bahraini have to come up with a new design, since the monument has been destroyed.  ;D

cheers
--
Harald
http://www.liganda.ch (monetary history & numismatic linguistics)

Ukrainii Pyat

Stupid autocratic government will probably make the coins illegal to own, possess, use in trade etc.  Lot like the Soviets did with Tsarist era money during 1920's and 1930's - you could be arrested, transported or much worse for possessing Tsarist era coinage.
Донецк Украина Donets'k Ukraine

Figleaf

Even if they don't, the coin will now be a talisman and both sides will see it as a token of membership of the revolutionary side.

Be grateful for the stupidity of autocrats. It hastens their departure.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Coinsforever

Today I got two coins of 500 Fils year 2000 KM# 22 & 2001 KM# 22. (milled edge)

I like the design which is focused on the  monument & also it is an attractive bimetallic coin.

Cheers ;D
Every experience, good or bad, is a priceless collector's item.



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