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Saudi Arabia 1 Riyal 1963

Saudi Arabia

1963

Reference data compiled from public catalogs

Estimated Melt Value

$7.63

Based on Silver spot price ($79.15/oz) · 50.0% purity · 6g

Updated 10:13 PM

Collector premium not included

Specifications

CountrySaudi Arabia
Years Minted1963
Composition0.500 silver
Weight6 g
Diameter24 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the Saudi Arabian coat of arms with palm trees and crossed swords.

Reverse

Displays the denomination '1 Riyal' and the year 1963.

History & Notable Facts

The 1963 Saudi 1 Riyal stands out for its use of silver planchets sourced from European refineries, a practical choice during Saudi Arabia's early modernization efforts.

This coin, weighing about 15 grams and measuring 33 millimeters in diameter, features the Saudi coat of arms on the obverse—a palm tree flanked by crossed swords—reflecting the kingdom's symbols of prosperity and defense. The reverse shows the denomination in Arabic script, emphasizing the country's linguistic heritage in an era of rapid change. While mintage figures are murky, with records possibly incomplete due to administrative shifts, experts estimate production in the hundreds of thousands, though that's just an educated guess.

Struck at the Paris Mint, as indicated by the cornucopia privy mark, it represents a bridge between traditional Islamic coinage and contemporary designs. Its edge is reeded, a common anti-counterfeiting measure that never quite stopped the clever forgers of the time. As for myths, I've heard tales of these coins being used in desert trades, but let's not romanticize; they were currency, plain and simple.

Oh, and if you're polishing one, remember: silver tarnishes faster than a numismatist's patience with tall tales.

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