Author Topic: 'Coins' issued by ISIL  (Read 906 times)

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'Coins' issued by ISIL
« on: August 02, 2016, 09:23:51 PM »


Disclaimer: This topic was made with the greatest care and a lot of effort was done to make it as accurate as possible. The article should be used for informational purposes only. Not in any way is this topic meant to promote the pieces issued by ISIL. Buying 'coins' from ISIL is considered as terrorist financing and so illegal.


« Last Edit: August 02, 2016, 10:27:20 PM by Niels »

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Re: 'Coins' issued by ISIL
« Reply #1 on: August 02, 2016, 09:26:16 PM »



On 7 November 2014 a tweet appeared in which was suggested that  ISIL was going to introduce its own coins. Apparently in the beginning only leaders were allowed to use the coins. In the days after this first report the news got more and more attention as several religious leaders from Iraq announced the news in their prayers and asked the people to start using silver and gold as a form of payment. These coins were going to be made out of silver and gold. One week later the first images were published following a statement by ISIL. On the radio, people tried to convince the listeners to start using the new coins, flyers were handed out to the public and banners appeared on the streets. 2 copper coins, that had not been mentioned before, were also included in the series. The pieces were a kind of re-introduction of the silver dirham and gold dinar, an ancient Islamic currency. The dirham and dinar are these days still being used as circulating coins in several middle-eastern countries but are no longer made out of precious metals. They wanted to introduce these coins to improve their economy. The idea to reintroduce the silver dirham and gold dinar is not new, in 2010 Muslims in Kelantan in Malaysia also tried to re-introduce that currency. Furthermore an attempt was done in Afghanistan. Both attempts were unsuccessful in the long term. ISIL also finds that their gold currency is better than paper money that is being used by other countries. According to experts things like having an own currency, flag etc. should be seen as ways to define oneís  territory rather than a serious attempt to separate from the global economy. ISIL considers itself as a worldwide caliphate, something that is represented on the 5 Dinar piece. It is unknown to what extent these pieces are being used for transactions. There is at least 1 bank in Mosul that accepts them. On 27 September 2015 ISIL banned the use of Syrian banknotes of 500 and 1000 pounds. Some say this was done to increase the use of the new coins.

« Last Edit: August 02, 2016, 09:37:42 PM by Niels »

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Re: 'Coins' issued by ISIL
« Reply #2 on: August 02, 2016, 09:31:49 PM »
First series



Click on the image to zoom.



      Denomination            Alloy            Weight            Obverse             Reverse      
      10 Fulus            Copper            10 grams            Lettering            A crescent      
      20 Fulus            Copper            20 grams            Lettering            Palm trees      
      1 Dirham            Silver            2 grams            Lettering            Shaft and shield      
      5 Dirhams            Silver            10 grams            Lettering            The Minaret of Jesus in the Umayyad Mosque in Damascus       
      10 Dirhams            Silver            20 grams            Lettering            Al-Aqsa Mosque in Jerusalem      
      1 Dinar            Gold (.875)            4.25 grams            Lettering            Spikes/ears      
      5 Dinars            Gold (.875)            21.25 grams            Lettering            Map of the world      

Specifications of the coins as announced by ISIL, unknown if all of these have also been minted by them.


The coins are dated  2014 (١٤٣٦) and there donít exist any pieces of this series with another date on them. Below an example of the translation of the lettering on the obverse of the coins:

Islamic State
21 carat*
Five Dinars
21.25 grams
Caliphate in Accordance with the Prophetic Method**

*Only the gold coins have an indication of the fineness of the metal.
**Sentence refers to a prophecy attributed to Prophet Muhammad, who explains how religious authority will become increasingly secular and abusive after his death until the caliphate is restored.



« Last Edit: October 04, 2016, 06:36:18 PM by eurocoin »

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Re: 'Coins' issued by ISIL
« Reply #3 on: August 02, 2016, 09:47:33 PM »
Variants


      Denomination             Alloy            Weight            Diameter            Source      
                                                            
      10 Fulus            Brass or Aluminium-bronze                                    [1]      
      20 Fulus            Brass or Aluminium-bronze                                    [1]      
      1 Dirham            Brass or Aluminium-bronze                                    [1]      
      5 Dirhams            Brass or Aluminium-bronze                                    [1]      
      5 Dirhams            Silver plated steel             17.8 grams            35 mm            [2]      
      5 Dirhams            Silver plated brass            22 grams            38 mm            [2]      
      5 Dirhams            Gold plated steel            26 grams            38 mm            [2]      
      10 Dirhams            Brass or Aluminium-bronze                                    [1]      
      10 Dirhams            Silver plated steel             29.6 grams            40 mm            [2]      
      10 Dirhams            Gold plated steel            26.2 grams            38 mm            [2]      
      5 Dinars            Brass or Aluminium-bronze                                    [1]      
      5 Dinars            Gold plated brass            30.6 grams            40 mm            [2]      
      5 Dinars            Gold plated steel            26.0 grams            38 mm            [2]      
      5 Dinars            Gold plated copper                                    [3]      

[1]: Advertisement of a coin dealer from Israel
[2]: A photo that appeared online on April 30, 2015.
[3]: Advertisement of a coin dealer from China
« Last Edit: September 17, 2016, 08:36:40 PM by eurocoin »

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Re: 'Coins' issued by ISIL
« Reply #4 on: August 02, 2016, 10:03:14 PM »
Raid in a mint in Şahinbey


In its videos  ISIL only showed the 1 and 5 Dinar coins and only computer drawings of the other denominations. On 7 October 2015, Turkish police raided a mint in Şahinbey,  a city in the south-east of Turkey near the Syrian border (see map). 56 dies were seized. With these dies it was only possible to mint 1 and 5 dinar coins. 6 people were arrested, some of which were foreigners of an unspecified nationality.

The designs on the seized dies match with the designs on the 1 and 5 dinar coins shown in ISIL footage. This leads me to believe that ISIL never minted the 10 Fulus-10 Dirhams coins and so that there are being sold many fantasy imitations that  don't originate from ISIL at all. Furthermore there is a difference in the lettering between the 5 Dirham pieces that were minted at the mint in Şahinbey and the pieces that are being offered for sale by dealers.



     



Left photo: Piece similar to those that can be seen in ISIL footage. It matches with the design on the dies that were seized at the mint in Şahinbey.
Right photo: Fantasy imitation(?)
« Last Edit: August 03, 2016, 10:18:22 AM by Niels »

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Re: 'Coins' issued by ISIL
« Reply #5 on: August 02, 2016, 10:16:59 PM »
Second series


On July 3, 2016 images of a new series of gold ISIL coins appeared online. On October 13, 2016 images of silver ISIL coins started to appear which are part of this same series. Although this new series seems to originate from the territory of ISIL, the new pieces have not (yet) been announced by the terrorist organisation. The pieces are dated 2016 (١٤٣۷).



      Denomination            Alloy            Weight            Obverse design            Reverse design      
      2 Dirhams            Silver             ?            Lettering            Landscape?      
      5 Dirhams            Silver             15 grams            Lettering            Text      
      1 Dinar            Gold (.875)            ?            Lettering            Spikes/ears      
      2 Dinars            Gold (.875)            4.25 grams            Lettering            Kaaba      
      5 Dinars            Gold (.875)            21.25 grams            Lettering            Text      
« Last Edit: October 26, 2016, 08:32:00 AM by eurocoin »

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Re: 'Coins' issued by ISIL
« Reply #6 on: October 19, 2016, 07:49:40 PM »
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The 2 dirhams piece.

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Re: 'Coins' issued by ISIL
« Reply #7 on: October 19, 2016, 07:53:10 PM »




The 5 dirhams piece.
« Last Edit: October 28, 2016, 05:23:48 PM by eurocoin »

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Re: 'Coins' issued by ISIL
« Reply #8 on: October 19, 2016, 07:54:28 PM »




Obverse of the 1 dinar piece.

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Re: 'Coins' issued by ISIL
« Reply #9 on: October 19, 2016, 07:54:47 PM »
 



The 2 dinars piece.

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Re: 'Coins' issued by ISIL
« Reply #10 on: October 19, 2016, 07:55:08 PM »




The 5 dinars piece.
« Last Edit: October 28, 2016, 05:20:42 PM by eurocoin »

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Re: 'Coins' issued by ISIL
« Reply #11 on: October 19, 2016, 08:00:39 PM »


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