Iraq Silver Coin Melt Values - Live Calculator
The table below lists each denomination and computes live melt value from the current silver spot price of $66.63 per troy ounce.
| Coin | Face Value | Years | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Qty | Melt Value |
|---|---|---|---|---|---|---|---|---|
| Dirham | 1 | 1931 - 1953 | 0.5 | 9 | 4.5 | 0.1447 | $0.00 | |
| Riyal | 1 | 1932 | 0.9 | 20 | 18 | 0.5787 | $0.00 | |
| Dirham | 1 | 1955 | 0.5 | 7 | 3.5 | 0.1125 | $0.00 | |
| Dirham | 1 | 1959 | 0.5 | 5 | 2.5 | 0.0804 | $0.00 | |
| Fils | 100 | 1953 - 1959 | 0.5 | 10 | 5 | 0.1608 | $0.00 | |
| Fils | 20 | 1931 - 1953 | 0.5 | 3.6 | 1.8 | 0.0579 | $0.00 | |
| Fils | 20 | 1955 | 0.5 | 2.8 | 1.4 | 0.045 | $0.00 | |
| Fils | 20 | 1959 | 0.5 | 2.5 | 1.25 | 0.0402 | $0.00 | |
| Grand Total | $0.00 | |||||||
Country Silver Coin History
Ancient Mesopotamia
The history of coinage in Iraq dates back to ancient Mesopotamia, where the region was one of the earliest to use standardized weights of silver as a medium of exchange. This rudimentary form of currency laid the groundwork for later coinage systems.
Islamic Caliphates
During the Islamic Caliphates, particularly the Abbasid Caliphate (750–1258 AD), Baghdad became an economic hub. The silver dirham was widely circulated during this period, and it played a crucial role in trade and commerce.
Ottoman Period
In the 16th century, Iraq became part of the Ottoman Empire. The Ottomans introduced their own coinage system, and silver coins such as the akçe were used extensively. These coins often bore intricate designs and inscriptions.
British Mandate and Kingdom of Iraq
Following World War I, Iraq came under British Mandate. In 1932, when Iraq gained independence, the country introduced its own currency, the Iraqi dinar, which initially included silver coins. These coins were used alongside other denominations and featured symbols of the new nation.
Modern Era
By the mid-20th century, the use of silver in coins had largely been phased out due to rising costs and changes in monetary policy. Today, Iraqi currency consists primarily of paper bills and base-metal coins, but historical silver coins remain a subject of interest for collectors and historians.
