Description: Item: i119021 Authentic Coin of: Egypt - President Nasser Commemorative issue 1970 (1390 AH) Silver 50 Piastres (12.5 grams) 0.720 Silver (0.2894 oz. ASW) Reference: KM# 423 (Mintage: 400,000) Denomination divides dates, legend above. Lettering: الجمهورية العربية المتحدة ٥٠ قرشا ١٩٧٠ - ۱۳۹٠ Translation: United Arab Republic 50 Qirsh 1970 1390 Head of President Nasser right.You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity. Gamal Abdel Nasser Hussein (15 January 1918 - 28 September 1970) was the second President of Egypt, serving from 1954 until his death in 1970. Nasser led the 1952 overthrow of the monarchy and introduced far-reaching land reforms the following year. Following a 1954 attempt on his life by a Muslim Brotherhood member, he cracked down on the organization, put President Mohamed Naguib under house arrest and assumed executive office. He was formally elected president in June 1956. Nasser's popularity in Egypt and the Arab world skyrocketed after his nationalization of the Suez Canal and his political victory in the subsequent Suez Crisis. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria from 1958 to 1961. In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries, but he became embroiled in the North Yemen Civil War and eventually the much larger Arab Cold War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself Prime Minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world. Nasser remains an iconic figure in the Arab world, particularly for his strides towards social justice and Arab unity, modernization policies and anti-imperialist efforts. His presidency also encouraged and coincided with an Egyptian cultural boom and launched large industrial projects, including the Aswan Dam and Helwan city. Nasser's detractors criticize his authoritarianism, his human rights violations and his dominance of military over civil institutions, establishing a pattern of military and dictatorial rule in Egypt. Six-Day War In mid May 1967, the Soviet Union issued warnings to Nasser of an impending Israeli attack on Syria, although Chief of Staff Mohamed Fawzi considered the warnings to be "baseless". According to Kandil, without Nasser's authorization, Amer used the Soviet warnings as a pretext to dispatch troops to Sinai on 14 May, and Nasser subsequently demanded UNEF's withdrawal. Earlier that day, Nasser received a warning from King Hussein of Israeli-American collusion to drag Egypt into war. The message had been originally received by Amer on 2 May, but was withheld from Nasser until the Sinai deployment on 14 May. Although in the preceding months, Hussein and Nasser had been accusing each other of avoiding a fight with Israel, Hussein was nonetheless wary that an Egyptian-Israeli war would risk the West Bank's occupation by Israel. Nasser still felt that the US would restrain Israel from attacking due to assurances that he received from the US and Soviet Union. In turn, he also reassured both powers that Egypt would only act defensively. On 21 May, Amer asked Nasser to order the Straits of Tiran blockaded, a move Nasser believed Israel would use as a casus belli. Amer reassured him that the army was prepared for confrontation, but Nasser doubted Amer's assessment of the military's readiness. According to Nasser's vice president Zakaria Mohieddin, although "Amer had absolute authority over the armed forces, Nasser had his ways of knowing what was really going on". Moreover, Amer anticipated an impending Israeli attack and advocated a preemptive strike. Nasser refused the call upon determination that the air force lacked pilots and Amer's handpicked officers were incompetent. Still, Nasser concluded that if Israel attacked, Egypt's quantitative advantage in manpower and arms could stave off Israeli forces for at least two weeks, allowing for diplomacy towards a ceasefire. Towards the end of May, Nasser increasingly exchanged his positions of deterrence for deference to the inevitability of war, under increased pressure to act by both the general Arab populace and various Arab governments. On 26 May Nasser declared, "our basic objective will be to destroy Israel". On 30 May, King Hussein committed Jordan in an alliance with Egypt and Syria. On the morning of 5 June, the Israeli Air Force struck Egyptian air fields, destroying much of the Egyptian Air Force. Before the day ended, Israeli armored units had cut through Egyptian defense lines and captured the town of el-Arish. The next day, Amer ordered the immediate withdrawal of Egyptian troops from Sinai-causing the majority of Egyptian casualties during the war. Israel quickly captured Sinai and the Gaza Strip from Egypt, the West Bank from Jordan, and the Golan Heights from Syria. According to Sadat, it was only when the Israelis cut off the Egyptian garrison at Sharm el-Sheikh that Nasser became aware of the situation's gravity. After hearing of the attack, he rushed to army headquarters to inquire about the military situation. The simmering conflict between Nasser and Amer subsequently came to the fore, and officers present reported the pair burst into "a nonstop shouting match". The Supreme Executive Committee, set up by Nasser to oversee the conduct of the war, attributed the repeated Egyptian defeats to the Nasser-Amer rivalry and Amer's overall incompetence. According to Egyptian diplomat Ismail Fahmi, who became foreign minister during Sadat's presidency, the Israeli invasion and Egypt's consequent defeat was a result of Nasser's dismissal of all rational analysis of the situation and his undertaking of a series of irrational decisions. Egypt, officially the Arab Republic of Egypt, is a country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula. Egypt is a Mediterranean country bordered by the Gaza Strip and Israel to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east and south, Sudan to the south, and Libya to the west. Across the Gulf of Aqaba lies Jordan, across the Red Sea lies Saudi Arabia, and across the Mediterranean lie Greece, Turkey and Cyprus, although none share a land border with Egypt. Egypt has one of the longest histories of any country, tracing its heritage back to the 6th-4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, urbanisation, organised religion and central government. Iconic monuments such as the Giza Necropolis and its Great Sphinx, as well the ruins of Memphis, Thebes, Karnak, and the Valley of the Kings, reflect this legacy and remain a significant focus of scientific and popular interest. Egypt's long and rich cultural heritage is an integral part of its national identity, which has endured, and often assimilated, various foreign influences, including Greek, Persian, Roman, Arab, Ottoman Turkish, and Nubian. Egypt was an early and important centre of Christianity, but was largely Islamised in the seventh century and remains a predominantly Muslim country, albeit with a significant Christian minority. From the 16th to the beginning of the 20th century, Egypt was ruled by foreign imperial powers: The Ottoman Empire and the British Empire. Modern Egypt dates back to 1922, when it gained nominal independence from the British Empire as a monarchy. However, British military occupation of Egypt continued, and many Egyptians believed that the monarchy was an instrument of British colonialism. Following the 1952 revolution, Egypt expelled British soldiers and bureaucrats and ended British occupation, nationalized the British-held Suez Canal, exiled King Farouk and his family, and declared itself a republic. In 1958 it merged with Syria to form the United Arab Republic, which dissolved in 1961. Throughout the second half of the 20th century, Egypt endured social and religious strife and political instability, fighting several armed conflicts with Israel in 1948, 1956, 1967 and 1973, and occupying the Gaza Strip intermittently until 1967. In 1978, Egypt signed the Camp David Accords, officially withdrawing from the Gaza Strip and recognising Israel. The country continues to face challenges, from political unrest, including the recent 2011 revolution and its aftermath, to terrorism and economic underdevelopment. Egypt's current government is a presidential republic headed by President Abdel Fattah el-Sisi, which has been described by a number of watchdogs as authoritarian. Islam is the official religion of Egypt and Arabic is its official language. With over 95 million inhabitants, Egypt is the most populous country in North Africa, the Middle East, and the Arab world, the third-most populous in Africa (after Nigeria and Ethiopia), and the fifteenth-most populous in the world. The great majority of its people live near the banks of the Nile River, an area of about 40,000 square kilometres (15,000 sq mi), where the only arable land is found. The large regions of the Sahara desert, which constitute most of Egypt's territory, are sparsely inhabited. About half of Egypt's residents live in urban areas, with most spread across the densely populated centres of greater Cairo, Alexandria and other major cities in the Nile Delta. The sovereign state of Egypt is a transcontinental country considered to be a regional power in North Africa, the Middle East and the Muslim world, and a middle power worldwide. Egypt's economy is one of the largest and most diversified in the Middle East, and is projected to become one of the largest in the world in the 21st century. In 2016, Egypt overtook South Africa and became Africa's second largest economy (after Nigeria). Egypt is a founding member of the United Nations, Non-Aligned Movement, Arab League, African Union, and Organisation of Islamic Cooperation. Frequently Asked Questions Mr. Ilya Zlobin, world-renowned expert numismatist, enthusiast, author and dealer in authentic ancient Greek, ancient Roman, ancient Byzantine, world coins & more.Who am I dealing with? 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Price: 70.8 USD
Location: Rego Park, New York
End Time: 2024-03-07T03:31:00.000Z
Shipping Cost: 4.5 USD
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Item Specifics
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Return policy details:
Denomination: 50 Piastres
Composition: Silver
Year: 1970
Country/Region of Manufacture: Egypt
Certification: Uncertified