One of the world’s rarest and most highly prized of all Islamic gold coins, or any coin, was sold by specialist auctioneers Morton & Eden in London Oct. 24 for an outstanding £3,720,000 million (over $4 million USD).
Measuring a mere 20mm across, about the size of a modern £1 piece, the gold coin, an Umayyad dinar, dated 105h (723CE) from the first dynasty of Islam, was bought after fierce bidding by an anonymous bidder over the telephone.
The coin, one of only about a dozen known to exist, bears a short line of text, Ma‘din Amir al-Mu‘minin bi’l-Hijaz, which translates to “Mine of the Commander of the Faithful in the Hijaz.”
In essence, this is the first Islamic gold coin to name a location in Saudi Arabia and indeed…