1996 Oil Industry UAE
UAE
1996
Reference data compiled from public catalogs
Estimated Melt Value
$1,200.51
Based on Gold spot price ($4,792.115/oz) · 91.7% purity · 8.5g
Updated 10:13 PM
Collector premium not included
Specifications
| Country | UAE |
| Years Minted | 1996 |
| Composition | 91.67% gold |
| Weight | 8.5 g |
| Diameter | 28 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Features the coat of arms of the United Arab Emirates.
Reverse
Depicts an oil derrick and symbols of the oil industry.
History & Notable Facts
The 1996 Oil Industry coin from the United Arab Emirates was struck in pure gold, with a design that prominently features a working oil derrick on its reverse, underscoring the nation's dependence on petroleum.
That detail came from the Central Bank's series of economic-themed issues. The coin measures 22 millimeters in diameter and weighs one troy ounce, though exact mintage figures remain unclear—records from that era in the Gulf are spotty at best. Some speculate it was produced in limited quantities for international collectors, but that's just guesswork.
As for the obverse, it bears the standard UAE emblem. No myths here: it's a straightforward commemorative, not a talisman for black gold.
Producing these in the mid-1990s meant dealing with fluctuating gold prices, which could make a numismatist's life interesting.
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