Islamic State Mints Its Own 'Islamic Dinar' Coins

The Iranian gold for oil scheme actually was working extremely well for them, the reason why if failed had nothing to do with gresham's law or any market related issues. The practiced was put a stop to by Western pressure on turkey to tighten sanctions, as Iran was getting a decent sum of money from the scheme.

Look, if you buy American Silver Eagles you can't criticize anyone for buying an Islamic State coin. It's that simple.
Talking about blood on a coin lets measure the blood on our own money first.

CSTOS, the value was in British Pounds not US or Canadian dollar (139 BBP = roughly $218 USD) Note the size/ weight of the coin was not mentioned, it might be something like a 1/4 ounce or 1/5th oz or smaller.

I would imagine they would not be using .999 gold, but some comp of copper/gold

The fineness mark can be seen on the language only side: 21 karat.


It says the full name of the "country" at top and bottom, the denomination "five dinars" across the middle with the fineness above (21 karat) and weight below (27.25 grams).


You do realise their goal literally is world domination, right? A one-world-government caliphate?

No one should pay a cent until the the reign of the Islamic State has been destroyed, whenever that may be. Otherwise, how do you know your money isn't going to go towards funding more acts of terror?

If I see any of these coins come up on ebay, I'm reporting them immediately, as should everyone else.

The first words (on the paper on the keyboard) are "Abu Turab"... The last word may be "Al-Mosuli" (the handwriting on the last word is tough to make out). It would simply be a name of a person, possibly the individual who uploaded the picture. The "Abu" names are Kunyas, or simply nicknames as the loosest equivalent, although with the rise of extremist Islamic elements, the use of Kunyas are more closely used as a "nom de guerre" or war name. If the last word reads as Al-Mosuli, it is likely a reference that this individual is from Mosul, Iraq or at least has a strong connection to that city (such as possibly being involved in the takeover of that city, etc).

I have to say I agree with the above sentiments; any self-respecting numismatist should refrain from purchasing any ISIL coins until said "state" is a footnote in the history books. The difference between collecting these and other "blood money" is that making the purchase has real-world consequences. Spending $200 on one of these coins can help give them sufficient funds to sack another city or bulldoze another museum full of priceless artifacts. Spending money on Third Reich or colonial Spanish coins won't send a child to Auschwitz or Potosi.

Still, I would much rather patronize less harmful eccentric "states" like Sealand or Molossia.