The Argor-Hereaus Mint launched UAE Gold Dirham in two editions. The first edition was launched in April 2012 while the second one was launched in December the same year. Both coins stand as national emblems, which reflect the determination and achievements of the UAE federation.
The UAE Gold Dirham comes in weights of 1oz, ½ oz, ¼ oz, and 1/10 oz. The 1oz and ½ oz were struck during the first edition while the other two were struck during second edition. Each of these denominations has distinct dimensions with a gold fineness of 99.99%. The 1oz weighs 31.03g with a thickness of 2.1mm and is 32.00mm wide. It is followed closely by the ½ oz that spans 25.00mm in width, 1.8mm thick and weighs 15.5552g. The ¼ oz and 1/10 oz Dirham weighs 7.776g and 3.110g with a thickness of 1.9mm and 0.9mm respectively and both have a width of 17.0mm. Their intrinsic value is higher than the face value and keeps changing with the change in demand, the higher the demand the higher the price and the lower the demand the lower the price. It attracts many investors since it is still new in the market of bullion coins and many want to acquire it before it runs out of stock.
The obverse and reverse of these coins vary depending with the edition. The obverse of the first edition features a portrait of His Highness Sheikh Kalifa bin Zayed Al Nahyan, president of the UAE.The reverse of the same edition features an image of Burj Khalifa and its name indicated. It also includes the face value and gold content. The second edition features His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The reverse features the Palm Jumeirah Island, which is the world largest man-made island alongside featuring the gold content and the face value of the coin.
Argor-Hereaus Mint is headquartered in Mendrisio, Switzerland and is one of the largest processors of precious metals founded in 1951. Since its establishment, it has tremendously grown opening branches worldwide.