IRAN 20 RIALS 1974 KM#1196 SHAH 7TH ASIAN GAMES BU #1

History of the Iranian Rial

The rial (ریال in Persian; ISO 4217 code IRR) is the currency of Iran. It is subdivided into 100 dinar but, because of the very low current value of the rial, no fraction of the rial is used in accounting. Although not an official currency since 1932, the toman (ten rial) is frequently used to express amounts of money. Prices are currently most commonly marked in toman, sometimes meaning 1,000 or 1,000,000 toman (10,000 or 10,000,000 rial).

History
The rial was first introduced in 1798 as a coin worth 1250 dinar or one eighth of a toman. In 1825, the rial ceased to be issued, with the qiran of 1000 dinars (one tenth of a toman) being issued as part of a decimal system. The rial replaced the qiran at par in 1932, although it was divided into one hundred (new) dinars.

Coins
First rial
Silver coins were issued in denominations of ⅛, ¼, ½ and 1 rial.

Second rial
The first coins of the second rial currency were in denominations of 1, 2, 5, 10 and 25 dinar, ½, 1, 2 and 5 rial, with the ½ to 5 rial coins minted in silver. Gold coins denominated in pahlavi were also issued, initially valued at 100 rial. In 1944, the silver coinage was reduced in size, with the smallest silver coins being 1 rial pieces. This year also saw the cessation of minting of all denominations below 25 dinar. In 1945, silver 10 rial coins were introduced. In 1953, silver coins ceased to be minted, with the smallest denomination now 50 dinar. 20 rial coins were introduced in 1972.

After the Islamic Revolution, the coinage designs were changed to remove the Shah's effigy but the sizes and compositions were not immediately changed. 50 dinar coins were only minted in 1980 and 50 rial coins were introduced in 1981. In 1993, a new coinage was introduced with smaller 1, 5, 10 and 50 rial coins and new 100 rial pieces. 250 rial coins were introduced the following year. In 2004, the sizes of the 50, 100 and 250 rial coins were reduced and 500 rial coins were introduced.

Coins currently in circulation are 50, 100, 250 and 500 rial. The 5 and 10 rials are still legal tender but are not issued anymore.

Ebay offers hassle free shopping in your own time. Choose your supplier carefully and you will save time and money and you will be part of the growing internet revolution.
Good luck, Happy bidding and...Thanks!

Please read our terms of sale prior to bidding. This is important and ensures you are happy with our terms. We want your shopping experience to be a happy one and wish to avoid any complications later on.

Bidding: Please only bid on an item if you are intending to pay. This may sound obvious, but unfortunately this does happen occasionally. We reserve the right to cancel a bid in these extreme circumstances.

Payment: Payment must be received within 7 days of the auction ending. Failure to do this will usually result in the item being re-listed and a non-paying bidder alert being raised. We are reasonable, so please communicate with us whenever necessary, before the 7 days after the auction ending has lapsed. Please include your shipping address, with payment. If you win more than one item please email with the item numbers to combine to save on shipping. Items, over 14 days from the end of the auction, must be paid in full.

Overseas Bidders: Payment can only be made via PayPal and credit card via PayPal.

Postage: We try to make sure the postage & handling costs are fair, and cover the expenses necessary to get your product to you. Please only bid on an item if you are happy with the quoted postage & handling.

Feedback: We do hope you leave feedback for us, but for those who prefer to stay anonymous, we will only leave feedback for you once you have left it for us.

Delivery: All items shipped are shipped at the buyers own risk, without insurance, unless otherwise agreed upon by us, prior to bidding and prior to the closing of the auction.

Lost Items: As mentioned above, we obtain proof of postage on all items sent, and these can be provided if the postal service has lost the item. We will do all we can to work with you to track a lost item with the Post Office, and will stay in contact with you for the duration of the search until an outcome is reached.

Faulty Items: All products are individually inspected before being dispatched, to ensure the correct items are sent out in the described condition. In the unlikely event that your item received is not as described, please return it to us within 7 days of receipt in its original condition. Upon inspection, we will be happy to replace, where possible or refund you in full if the item is found to be indeed mis-described. No returns accepted after 30 days of the close of the auction. Shipping and Insurance are not refundable.

Disclaimer: Our No Reserve auctions are not approval sales. The descriptions and grades are qualified statements of good faith opinion. We are not to be bound by any prior or subsequent opinion, determination or certification by any independent grading service or others. All claims that an item is not authentic, must be made in writing, within 10 days of receipt of the item. No items are returnable 30 days after the end of the auction.