1 Pound    (sold for $16.0)


1968, Egypt (Republic). Large Silver 1 Pound Coin. Aswan Dam Power Station. UNC+

Mint Year: 1968
Reference: KM-415.
Mintage: 100,000 pcs.
Denomination: Pound - Aswan Dam Power Station
Condition: Light toning in obverse, otherwise a nice UNC++
Material: Silver (.720) - 0.5787 Oz. ASW
Weight: 25.05gm
Diameter: 40.3mm

Obverse: Birdview of the Aswan Dam Powerstation, flanked by sprays. Legend below.
Reverse: Denomination, flanked by dates (1968 AD - AH 1378). Legend above, decorative pattern below.

The Aswan Dam powers twelve generators each rated at 175 megawatts, producing a hydroelectric output of 2.1 gigawatts. Power generation began in 1967. When the dam first reached peak output it produced around half of Egypt's entire electricity production (about 15% by 1998) and allowed most Egyptian villages to use electricity for the first time. The High Dam has also improved the efficiency and the extension of the Old Aswan Hydropower stations

The Aswan Dam is an embankment dam situated across the Nile River in Aswan, Egypt. Since the 1950s, the name commonly refers to the High Dam, which is larger and newer than the Aswan Low Dam, which was first completed in 1902. Following Egypt's independence from the United Kingdom, the High Dam was constructed between 1960 and 1970. It aimed to increase economic production by further regulating the annual river flooding and providing storage of water for agriculture, and later, to generate hydroelectricity. The dam has had a significant impact on the economy and culture of Egypt.

Before the dams were built, the Nile River flooded each year during late summer, as water flowed down the valley from its East African drainage basin. These floods brought high water and natural nutrients and minerals that annually enriched the fertile soil along the floodplain and delta; this made the Nile valley ideal for farming since ancient times. Because floods vary, in high-water years, the whole crop might be wiped out, while in low-water years widespread drought and famine occasionally occurred. As Egypt's population grew and conditions changed, both a desire and ability developed to control the floods, and thus both protect and support farmland and the economically important cotton crop. With the reservoir storage provided by these dams, the floods could be lessened, and the water could be stored for later release.

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This coin has been sold for   $16.0

Notes: http://www.ebay.com/itm/151356432534 Tue Jul 22 00:00:00 UTC 2014

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Posted by: anonymous
Coin Group
 Denomination: 1 Pound
 Metal: Silver
 State: Arab Republic of Egypt (1953 - )
 Catalog reference:
Description:   English
Coin variations: 7 instance(s)
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