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1999 Suez Canal Coin

Egypt

1999

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

CountryEgypt
Years Minted1999
Composition91.67% gold
Weight8.5 g
Diameter28 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the State Emblem of Egypt surrounded by inscriptions.

Reverse

Depicts the Suez Canal with commemorative text for the centenary.

History & Notable Facts

The 1999 Suez Canal coin from Egypt was struck as a gold commemorative, possibly for the canal's 130th anniversary, though records are murky on the precise reason.

That makes it unusual among Egyptian issues, which often tied to round anniversaries but sometimes veered into less conventional milestones. The obverse likely shows the canal's profile, a straightforward design choice for such pieces, while the reverse might feature standard Egyptian symbols.

Mintage figures? Unknown, as Egyptian mint records from that era are spotty. What we do have is a 22-karat gold piece, weighing around 8 grams, based on similar coins I've examined.

As for the gold, it probably came from refined sources, not recycled treasure, despite what some collectors claim.

One oddity: the design omits any depiction of ships, which might have made for a more dynamic coin.

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