Egypt; AE Medallion for The Opening of the Suez Canal, 1869, for the Compagnie Universelle du Canal Maritime de Suez, by Oscar Roty, seated female gures holds aloft the light of Progress to the standing gure of Industry, beyond, a sketched route of the Suez Canal, rev legend in centre and around, inscriptions, 42mm (BM Acq 1983-1987 p.25, 147; Divo 606). Matt surface, Extremely fine to Almost Uncirculated.
Struck for the Compagnie Universelle du Canal Maritime de Suez. Formed in 1858, French private investors were the majority of the shareholders, with Egypt also having a significant stake, however, in 1875, a financial crisis forced Isma'il to sell his shares to the British Government for £3,976,582. The company operated the canal until 1956, when it was nationalized by Nasser. Very Scarce (from; The Alexandria Collection)