The Iraqi Dinar coins have a rich history, dating back to the 1930s. The first Dinar coins were introduced in 1931, with a value of 10 milligrams of gold.
Iraqi Dinar coins were initially made of silver and gold, but later switched to a copper-nickel alloy in the 1970s. This change was made to reduce production costs.
The Dinar coins have undergone several redesigns over the years, with the current design featuring a portrait of Saddam Hussein. The coins were minted in various denominations, including 1, 5, 10, 25, and 50 fils.
The 25 fils coin, in particular, has been a popular collector's item due to its unique design and relatively low mintage.
Recommended read: What Does 25 Cents Look like
Design and Features
The Iraqi Dinar coins have some unique design features. They are made from copper-clad steel, which is a cost-effective material that's also durable.
Their design is inspired by ancient Mesopotamian art, with intricate patterns and symbols that reflect the country's rich history. The obverse of the coins features an image of the Iraqi coat of arms.
Here's an interesting read: Us Currency Security Features
The Iraqi Dinar coins come in various denominations, ranging from 25 to 100,000 fils. Each denomination has its own distinct design and color scheme.
The reverse of the coins often features a portrait of a notable Iraqi figure or a scene from the country's cultural heritage. For example, the 100 fils coin features a portrait of Saddam Hussein.
The Iraqi Dinar coins have a unique security feature - a micro-printed pattern that's difficult to replicate. This feature helps prevent counterfeiting and ensures the authenticity of the coins.
The coins also have a distinctive shape and size, with the larger denominations featuring a more prominent design. The 10,000 fils coin, for instance, is slightly larger than the 100 fils coin.
For another approach, see: Costa Rican Colón Coins and Banknotes
Frequently Asked Questions
Is Iraqi dinar going to increase in value?
Unlikely, due to Iraq's current priorities. Consider lower-risk investments with potentially higher rewards
Can I exchange my Iraqi dinar in the United States?
In the United States, you can exchange Iraqi dinars through selected brokers or money exchangers, but be aware that they may charge high fees. These fees can be 30% or more above the authorized exchange rate, so it's essential to understand the costs involved.
Featured Images: pexels.com
