PREVIEW: WORLD COINS: 17 APRIL

Faisal I was just 48 when he died in 1933, but by then he had become a world figure after his leading role in the Arab Revolt against the Ottoman Empire during the First World War and his elevation to the throne of Syria in 1918 and then Iraq in 1921.

A Pan-Arab leader with an astute political sense, he co-operated with the British as they attempted to stabilise the Middle East under their control, while using the opportunity to cement the future of the Arab nations.

 

Part of the process for what would eventually become independence was the establishment of a new currency to replace the Indian rupee that had been in official circulation during the British occupation. That took place in 1932, making proof sets of the coinage from 1931 desirable rarities for any collector in this field.

Noonans have a particularly notable set in this sale that belonged to Abraham Elkabir OBE (1885-1973), was accountant-general for Iraq from 1927-1934, and director-general of the ministry of finance for long periods thereafter.

Mr Elkabir he played a large part in the replacement of the Indian rupee by the Dinar in Iraq: he organised the flotation of the first public loan promoted by the Iraqi government; and collaborated in the foundation of the national bank of Iraq.

Thus, the extremely rare 1931/AH 1349 Double Proof Set of Faisal I has the most impeccable provenance. Struck at the Royal Mint, it comprises two examples each of the 50 Fils, 20 Fils, 10 Fils, 4 Fils, 2 Fils, and 1 Fil and is in extremely fine or better condition. Presented in its case of issue, the lid stamped Iraq Currency Board, it comes with an estimate of £30,000-£40,000.