عملات فاروق
Gresham's Law of Currency
What is Gresham's Law, and how does bad money drive out good money? There is indeed an economic law called Gresham's Law, which can be summarized as follows: "Bad money drives out good money." To better understand this law and its current applications, it is crucial to examine its origins and the circumstances surrounding its creation. Thomas Gresham was born Sir...
June 4, 2022King Farouk's World Coin Collection
What would be the value of King Farouk's world currency collection in our time? An American magazine estimated the value of his collection of American coins, part of his extensive world currency collection, at 2.87 billion Egyptian pounds (US$160 million)! As is well known, the king was an avid collector…
June 2, 2022Hobby cost
One of the biggest challenges facing hobbyists is the cost of the hobby itself! How do we overcome this cost? Let me ask you, my friend, how many times have you seen a valuable item and wished you owned it, but couldn't because of its high price? I personally have faced this situation many times! But there is a partial solution: knowledge… knowledge! Knowledge about the item in front of you is the fundamental difference…
May 30, 2022Egyptian currency of 1938 and the state of confusion
What Egyptian currencies were not issued in 1938, and why was there such political and economic turmoil during this period? Cairo – February 1937, where our story begins. At that time, the Ministry of Finance announced the minting of Egyptian currency in the name of His Majesty King Farouk I, and the news was conveyed to the Royal Court in preparation for authorizing the representative of the Mint in Birmingham to proceed with the minting…
April 9, 2022Two piasters, 1942... They deceived you when they said
They deceived you by saying that Egyptian royal coins were minted outside Egypt before the revolution and that minting only began after the establishment of the Mint in 1953… That's the rumor, but in reality, few of us know that some Egyptian royal coins were minted on Egyptian soil, specifically the two piastres of King Farouk issued in 1942.
October 30, 2020The Legend of Coin Collecting
The legendary coin collector John Jay Pittman is a name perhaps unfamiliar to many Arab collectors, yet he is truly a legend among collectors in the United States. Pittman didn't become famous solely because of his prominent presence at the King Farouk auction—many collectors traveled from the farthest corners of the earth to attend that prestigious event—nor because of his phenomenal collection…
November 12, 2015