50 Dirhams - Khalifa (Insurance Authority) ND (2017) front 50 Dirhams - Khalifa (Insurance Authority) ND (2017) back
50 Dirhams - Khalifa (Insurance Authority) ND (2017) photo
Obverse © Steve DeSouza – Reverse © UAE Coin Collectors Club

50 Dirhams - Khalifa Insurance Authority ND

2017 year
Silver (.999) 28.28 g 38.61 mm
Description
Issuer
United Arab Emirates
President
Khalifa bin Zayed Al Nahyan (2004-2022)
Type
Non-circulating coin
Year
2017
Value
50 Dirhams 50 AED = USD 14
Currency
Dirham (1973-date)
Composition
Silver (.999)
Weight
28.28 g
Diameter
38.61 mm
Shape
Round
Technique
Milled
Updated
2024-10-08
References
Numista
N#130514
Rarity index
97%

Reverse

Insurance Authority (IA) logo, consisting of falcon head facing left

Scripts: Arabic, Latin

Lettering:
هيئة التأمين
١٠ سنوات على التأسيس
10TH ANNIVERSARY
INSURANCE AUTHORITY

Edge

Reeded

Comment

Issue Date: 11 Dec 2017
Issue Price: n/a
Press Release: http://wam.ae/en/details/1395302653359

According to the press release: "The whole quantity of the commemorative silver coins issue has been handed over to the ordering party, and will not be dispensed to the general public through the banks."

The Insurance Authority (IA) was established under the Federal Law No. 6 of 2007 with a legal personality and financial and administrative independence. The Federal Law No. 6, which came into force as from 28.08.2007, entrusted the Authority to regulate and supervise the insurance sector in the United Arab Emirates in order to ensure the provision of a favorable climate for its development and promote the role of the insurance industry to indemnify persons, property and liabilities against risks to ultimately protect the national economy; accumulate and grow national savings and invest them to support the economic development in the UAE; encourage fair and effective competition; provide the best insurance services with appropriate coverage at affordable rates, and achieve job Emiratization in the UAE insurance market.
https://ia.gov.ae/en

Interesting fact

The 50 Dirhams - Khalifa (Insurance Authority) ND (2017) coin from the United Arab Emirates is unique because it features a rare .999 silver composition, making it a valuable collector's item for numismatists.

Price

Date Mintage VG F VF XF AU UNC
ND (2017)  2000 - - - - - -

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 50 Dirhams - Khalifa (Insurance Authority) ND (2017) coin.