Nigeria Nigeria 1 naira, 1991-1993

1. Introduction

The Nigeria 1 Naira coin, minted between 1991 and 1993, holds significance as a part of the Federal Republic of Nigeria's numismatic history. This coin reflects the country's rich heritage and values, making it a notable piece for collectors and enthusiasts alike.

2. Historical Background

Issued by Nigeria, the 1 Naira coin symbolizes the nation's journey towards unity, faith, peace, and progress. The years of circulation, 1991 to 1993, mark a period of economic and political development for Nigeria, adding historical depth to this coin's story.

3. Design Features

The obverse of the Nigeria 1 Naira coin features the inscription "FEDERAL REPUBLIC OF NIGERIA" along with the national motto "UNITY AND FAITH PEACE AND PROGRESS." On the reverse side, the coin displays the denomination "₦1" alongside significant years "1864" and "1946," honoring Herbert Macaulay, a prominent Nigerian nationalist. The design elements encapsulate Nigeria's history and cultural pride.

4. Technical Specifications

Crafted from nickel-plated steel, the Nigeria 1 Naira coin weighs 12.15 grams and has a diameter of 27.50mm. These technical parameters contribute to the coin's durability and aesthetic appeal, adding to its numismatic value.

5. Collectible Value

The Nigeria 1 Naira coin holds both historical and collectible significance, attracting numismatists interested in Nigerian coins. Its limited mintage period from 1991 to 1993 enhances its rarity, making it a sought-after piece among collectors. The market value of this coin may vary based on its condition, historical demand, and overall scarcity, making it a valuable addition to any coin collection.

6. Conclusion

In conclusion, the Nigeria 1 Naira coin from 1991 to 1993 stands as a testament to Nigeria's cultural heritage and historical milestones. With its symbolic design, technical excellence, and collectible appeal, this coin offers a unique insight into the numismatic world of the Federal Republic of Nigeria. Whether for historical appreciation or investment purposes, the Nigeria 1 Naira coin remains a prized possession for collectors seeking a piece of Nigerian history. This comprehensive guide sheds light on the Nigeria 1 Naira coin, highlighting its significance, design intricacies, technical specifications, and collectible value, making it a must-have for any numismatic enthusiast interested in the diverse world of coinage.

Coin Images

Obverse

Reverse