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Baldwin's of St. James's
Auction 14  14 Jan 2018
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Lot 282

Estimate: 8000 USD
Price realized: 12 500 USD
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World Coins, Egypt, Fuad I, pattern silver 20 piastres, AH 1348/1929CE, struck at the Royal Mint, London, on a small thick flan, military bust l, initials PM (Percy Metcalfe), rev. value and date above central circle, 37mm., wt. 25.98gms. (KM.-), light grey toning, an unpublished coin, extremely fine, of the highest rarity
In 1929 King Fuad ordered the minting of new coins and two designs for the 20 piastres were submitted for approval. The first was by the Egyptian designer Hamed Effendi Serri, which continued to show the King in civilian dress. The second, designed by Percy Metcalfe of the Royal Mint in London, portrayed the King in military uniform. King Fuad, an avid collector (a forerunner to his legendary father) chose the latter in order to have more variety in his coinage. It is interesting to note that this pattern was produced on a smaller and thicker flan than the issued coin (ref: Encyclopedia and Catalogue of Egyptian Coins by Eng Magdy Hanafy 2015, cf. p.226, where no illustration of this coin is available.)
($8000-10000)
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