Do you have a Lebanese coin and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.
Three weeks into the new year and the three finds have all been Canadian cents of little interest. While it's still nice to find Canadian cents it gets a bit annoying that this coin is the only type I'm finding recently. So I'll keep up with my foreign lot.
The Piastre is usually equivalent to 1 dollar but in the case of Lebanon it is equivalent to 1 cent. To be more accurate it is 1/100 of a Lebanon Livre (Pound). Sure checking the current exchange rate and 1Lebanon Pound = 0.000665779 U.S. Dollars. This makes the Piastre = 0.00000665779 U.S. Dollars, yes quite grim.
This is why the last Lebanese Piastre were issued in 1980. They still are legal tender but for what I don't know.
As with most coins from Arabic countries everything is repeated in both English and Arabic. The date is where most people get confused. This is a 1969 coin not a 1979. A quick look at the conversion chart and you'll see what looks like a 7 is actually an Arabic 6.
In the late 1990s early 2000s I would get quite a few Piastres in my change I can only guess an influx of Middle Eastern visitors plus the phasing out of this coin in their country created an ideal opportunity. Since then it is rare to find one in my change even if they hold little value.
Still this one is in excellent condition for a forty year old, no offense.
Here's the stats...
Type/Country: 50 Piastres / Lebanon
Value: $0.75 in Unc
Do you have an Arabic coin and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.