50 Piastre    (sold for $22.0)

1956, Egypt (1st Republic).  Silver 50 Piastres "Evacuation of the British" Coin.

Reference: KM-386. Denominations: 50 Piastres Mint Year: 1956 (AH 1375) Condition: Minor deposits, a few bag-marks, otherwise a nice XF! Material: Silver (.900) Diameter: 40mm Weight: 28gm

The Republic of Egypt (Arabic: جمهورية مصر‎, Gumhūrīyat Maṣr), was the official name of Egypt from the abolition of the Egyptian and Sudanese monarchy in 1953 until Egypt's union with Syria in the United Arab Republic in 1958. The declaration of the republic followed the Egyptian Revolution of 1952, prompted by the unpopularity of King Farouk, who was seen as being too weak in the face of the British, coupled with the defeat in the 1948 Arab-Israeli War.

With the declaration of the Republic, Muhammad Naguib was sworn in as Egypt's first President,   serving in that capacity for a little under one and a half years,   before being forced to resign by his fellow revolutionaries. After   Naguib's resignation, the position of President was vacant until the   election of Gamal Abdel Nasser in 1956.