Author Topic: 'Coins' issued by ISIL  (Read 1140 times)

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Offline eurocoin

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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 »

Offline eurocoin

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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. It became clear that ISIL's coins were going to be made out of gold and silver. 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. Furthermore flyers were handed out to the public and banners appeared on the streets. It became clear that 2 copper coins, that had not been mentioned before, were also part of ISIL's coin 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: March 25, 2017, 02:47:00 PM by eurocoin »

Offline eurocoin

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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 »

Offline 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]: A photo that appeared online on April 30, 2015. 
[2]: Advertisement of a coin dealer from Israel
[3]: Advertisement of a coin dealer from China
« Last Edit: March 25, 2017, 07:40:58 PM by eurocoin »

Offline eurocoin

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


On 7 October 2015, Turkish police raided a mint in Şahinbey, a city in the south-east of Turkey near the Syrian border (marked red on the 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. The fact that no dies were found of the other denominations leads me to believe that the 10 Fulus-10 Dirhams coins were never minted by ISIL. In its footage ISIL only showed minted pieces of 1 and 5 Dinar and computer drawings of the other denominations. Furthermore as can be seen in the images below 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. Both things lead me to believe that there are being sold many fantasy imitations that don't originate from ISIL at all.



     



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: April 18, 2017, 08:32:54 PM by eurocoin »

Offline eurocoin

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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).

One week after the first images of the new coins appeared online, multiple sources reported to an Iranian press agency that ISIL started minting coins in Deir ez-Zor. It is unknown if this new series has been minted there. According to these same sources ISIL forced local businessmen to use its coins as currency. Some local currency exchange offices have the Islamic State Dinar in stock.



      Denomination            Alloy            Weight            Obverse design            Reverse design      
      1 Dirham            Silver (.999)            ?            Lettering            ?      
      2 Dirhams            Silver (.999)            ?            Lettering            Landscape?      
      5 Dirhams            Silver (.999)            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: April 18, 2017, 08:19:17 PM by eurocoin »

Offline eurocoin

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Re: 'Coins' issued by ISIL
« Reply #6 on: October 19, 2016, 07:49:40 PM »
Images not (yet) available



The 2 dirhams piece.

Offline eurocoin

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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 »

Offline 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.

Offline eurocoin

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



The 2 dinars piece.

Offline eurocoin

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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 »

Offline eurocoin

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


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