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1 rial 1977

Middle East › Oman
P-171977Central Bank of OmanPMG 67 EPQ(UNC)
1 rial 1977 from Oman, P-17 (1977) — image 1
1 rial 1977 from Oman, P-17 (1977) — image 2

Market Prices

53 sales
Catalogue (2019)
VF$25
UNC$55
VF$4.252025-10-18(3 bids)
F$82024-06-13(14 bids)
PMG 65$36.012022-05-10(9 bids)
PMG 66$49.62022-01-06(24 bids)
PMG 66$442021-12-08(10 bids)
PMG 65$462021-07-18(16 bids)
VF$7.582021-07-03(4 bids)
PMG 64$21.52021-06-17(9 bids)
F$12.042021-05-23(6 bids)
PMG 66$532021-05-22(9 bids)
F$6.742021-03-30(11 bids)
F$8.722021-03-30(12 bids)
F$2.842021-03-30(6 bids)
F$8.862021-02-03(9 bids)
F$7.492021-01-13(5 bids)
UNC$35.872020-12-27(14 bids)
VF$72020-12-13(12 bids)
EF$12.52020-11-29(10 bids)
VF$12.592020-11-11(9 bids)
VF$15.52020-08-07(22 bids)
PMG 66$892020-07-27(24 bids)
AUNC$30.12019-10-23(13 bids)
AUNC$212019-07-18(15 bids)
F$4.252019-05-15(7 bids)
F$4.252019-02-15(6 bids)
EF$18.52018-11-05(21 bids)
VG$7.512018-10-17(9 bids)
F$12.52018-06-16(18 bids)
PMG 66$692018-05-27(18 bids)
PMG 66$27.672017-11-20(14 bids)
F$13.52017-06-25(14 bids)
F$82017-04-16(10 bids)
F$9.952016-11-02(1 bid)
F$102016-10-24(14 bids)
F$7.842016-08-16(5 bids)
PMG 66$49.882016-06-24(12 bids)
F$3.762016-06-19(5 bids)
EF$15.52016-03-13(13 bids)
UNC$492016-01-03(9 bids)
F$3.252015-12-22(6 bids)
EF$262015-11-25(9 bids)
VG$2.252015-10-31(3 bids)
UNC$352015-09-05(18 bids)
F$4.822015-05-11(11 bids)
VF$12.52015-04-13(9 bids)
F$4.252015-04-06(5 bids)
UNC$27.662015-03-02(10 bids)
F$5.52015-01-20(7 bids)
F$10.052014-11-24(14 bids)
F$8.52014-11-09(10 bids)
UNC$26.072014-08-03(19 bids)
EF$7.52014-01-15(13 bids)
F$5.62013-10-01(6 bids)

About This Note

This is a pristine example of Oman's first 1 Rial banknote from 1977, graded PMG 67 Superb Gem Uncirculated with Exceptional Paper Quality. The note features the iconic Omani national emblem (crossed khanjars with shield) on the obverse and a detailed architectural rendering of an Omani fortress on the reverse, rendered entirely in harmonious red and cream tones. With minimal market circulation and exceptional preservation, this note represents both an important piece of Omani numismatic history and a highly desirable specimen for collectors.

Rarity

Common. This is a regular-issue banknote from 1977 with substantial print runs supporting normal circulation demands in Oman during that period. eBay market data confirms commonality: the vast majority of sales in lower grades (Fine to Very Fine) consistently trade between $3-$15, with UNC examples typically ranging $25-$55 depending on year and grader. Even the PMG 66 and PMG 67 grades represented in historical sales ($27-$89) reflect a robust supply of high-grade specimens, indicating no significant scarcity or recall history. The note's availability in multiple grades and consistent market presence confirms it was printed in sufficient quantity to remain readily available to collectors today.

Historical Context

Issued in 1977 by the Central Bank of the Sultanate of Oman, this banknote commemorates the nation's modern monetary independence during the reign of Sultan Qaboos bin Said. The design prominently features the crossed khanjars (traditional Omani curved daggers) and shield, symbols of Omani sovereignty and cultural heritage dating back centuries. The fortress depicted on the reverse—likely Rustaq Fort or Sohar Fort, key historical strongholds—reflects Oman's rich architectural and defensive heritage during the period of sultanate rule.

Design

The obverse features a striking central design dominated by the Omani national emblem—the crossed khanjars (traditional curved daggers characteristic of Omani and Arabian heritage) superimposed over an ornate shield. This symbol is flanked by decorative Islamic geometric patterns and floral medallions in all four corners. The reverse displays a detailed architectural landscape illustration of a significant Omani fortification, likely Rustaq Fort or Sohar Fort, rendered with crenellated defensive walls, a prominent tower structure, and stylized palm trees in a desert setting. The entire palette employs a sophisticated red-to-cream gradient, with fine ornamental borders featuring repeating Islamic geometric motifs framing both sides. The bilingual (Arabic/English) denomination and issuer text emphasizes Oman's modern bureaucratic identity.

Inscriptions

FRONT SIDE: Arabic inscriptions include 'Sultanate of Oman' (سلطنة عمان), 'Central Bank of the Sultanate of Oman' (البنك المركزي لسلطنة عمان), and 'One Rial' (واحد ريال). Serial number A/8 749804 appears in Latin characters. The Islamic year 1978 (١٩٧٨) is also noted. BACK SIDE: English inscriptions read 'CENTRAL BANK OF OMAN' at the top and 'ONE RIAL' at the bottom, reflecting the bilingual nature of Omani currency documentation.

Printing Technique

The note exhibits characteristics consistent with intaglio/engraving printing, evidenced by the fine line work visible in the architectural details, ornamental borders, and security patterns. The sharp, crisp impressions and intricate background patterns visible in both the fortress illustration and geometric border designs suggest multiple passes of high-security currency printing. The precise color gradation from darker red borders to lighter center areas indicates skilled register and color separation typical of dedicated currency printers of the 1970s. The printer identification for this specific Pick number has not been definitively established from available sources, but reflects the security standards expected of Central Bank of Oman production.

Varieties

Pick catalog distinguishes between P-17a and P-17s variants, with the visual specimen appearing to be P-17a based on standard classification. The serial number prefix 'A/8' and the 1978 Islamic year dating are consistent with the primary 1977 CE issue. No significant overprints, signature varieties, or security printing variants are evident in this specimen. The note represents the standard design issued by the Central Bank of Oman for its debut 1 Rial denomination.