Product Details


 

Nadir Silver 10 Dirham Coin

The first dated coins that can be assigned to the Muslims are copies of silver dirhams of the Sassanian Yezdigird III, struck during the Khalifate of Uthman, radiy'Allahu anhu. These coins differ from the original ones in that an Arabic inscription is found in the obverse margins, normally reading "in the Name of Allah". Since then the writing in Arabic of the Name of Allah and parts of Qur'an on the coins became a custom in all mintings made by Muslims.

Under what was known as the coin standard of the Khalif Umar Ibn al-Khattab, the weight of 10 dirhams was equivalent to 7 dinars (mithqals).

In the year 75 (695 CE) the Khalifah Abdalmalik ordered Al-Hajjaj to mint the first dirhams, thus he established officially the standard of Umar Ibn al-Khattab. In the next year he ordered the dirhams to be minted in all the regions of the Dar al-Islam. He ordered that the coins be stamped with the sentence: "Allah is Unique, Allah is Eternal". He ordered the removal of human figures and animals from the coins and that they be replaced with letters.

This command was then carried on throughout all the history of Islam. The dinar and the dirham were both round, and the writing was stamped in concentric circles. Typically on one side it was written the "tahlil" and the "tahmid", that is, "la ilaha ill'Allah" and "alhamdulillah"; and on the other side was written the name of the Amir and the date. Later on it became common to introduce the blessings on the Prophet salla'llahu alayhi wa sallam, and sometimes, ayats of the Qur'an.

Dimensions:

Coin: 29.75 grams
Diameter: 38 mm
Thickness: 2.87 mm
Purity: .9999

 


Pricing Details:

Points computation: 1 round = 1.00 points

Tier
Points required
Price
(USD)
Price/Gram
(USD)
Price/oz
(USD)
Percentage
Over Spot(ASK PRICE)
Buy/Sell
Spread
1
-
28.77
0.967
30.08
12.06%
6.30%
3
3000.00
28.63
0.962
29.93
11.51%
5.84%
5
10000.00
28.49
0.958
29.78
10.96%
5.38%

Unlock capital from your bullion with our Secured P2P Loans

  • Use this product as collateral to borrow 50.0% (12.84 USD) of its value
  • Current best rates for borrowing
    • 1 month loan at only 2.3% per annum (Interest: 0.02 USD)
    • 6-month loans at only 2.5% per annum (Interest: 0.16 USD)
    • 12-month loans at only 4.0% per annum (Interest: 0.51 USD)
    • 24-month loans at only 5.0% per annum (Interest: 1.28 USD)


Storage Fees

Duration Fixed Storage Fee
Per Round
Fixed Storage Fee
Per Parcel
6 months 0.10 USD * 35.07 USD
12 months 0.19 USD * 70.15 USD
24 months 0.39 USD * 140.30 USD
36 months 0.58 USD * 210.45 USD
60 months 0.97 USD * 350.74 USD

Other Services:

Item Cost Per Round
Transfer-in and testing 0.04 USD

* Stored in multiples of 360 rounds and can be collateralized. Any unused storage will be refunded upon sellback or delivery.