Iraq 1 dinar Oil Nationalization Tanker Ship History PF68 NGC silver coin 1973

The 1973 Iraq 1 Dinar Oil Nationalization silver coin commemorates a transformative event in Iraq’s economic history—the nationalization of the country’s oil industry. Issued in AH1393 / 1973 and certified PF68 Ultra Cameo by NGC, this exceptional Proof silver coin honors a milestone that strengthened Iraq’s control over its natural resources and reshaped the nation’s economic future. Its historical importance and distinctive industrial imagery have made it one of the most sought-after modern Iraqi commemoratives.

The reverse presents a striking maritime design featuring a large oil tanker ship sailing across textured waters. The vessel’s detailed bridge, deck structures, mast, hull, and bow are carefully engraved, emphasizing the importance of petroleum transport. Above the ship rises a radiant sun with bold rays spreading across the horizon, symbolizing progress, prosperity, and national achievement. Arabic numerals flank the upper rim, while a decorative scalloped border frames the scene. The obverse displays the denomination “1 Dinar” within a central circular panel surrounded by elegant Arabic inscriptions commemorating the oil nationalization. Additional Arabic calligraphy, Hijri and Gregorian dates, and ornamental border elements complete the design.

Struck in silver with a Proof finish and certified PF68 Ultra Cameo by NGC, this high-grade commemorative combines historical significance, artistic appeal, and outstanding preservation. It is an excellent addition for collectors of Middle Eastern coinage, petroleum history, maritime themes, and important world silver coins.

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