Baldwin's Blog Profiles a Gold Dinar of the Sasanian King Shapur I (February 2025)
On February 18, 2025, the British dealer Baldwin's published a blog post profiling a gold dinar of Shapur I of the Sasanian Kingdom (241-272 AD). The post says Sasanian gold coins are significantly rarer than silver drachms and describes the king's history and the coin designs. It gives no price or grade.
Correction (Oct 13, 2026): We rewrote the headline, summary and body to match the source. We removed unsupported claims from the English version, including multi-million-yen auction prices, price appreciation, institutional demand, future price outlooks, Silk Road circulation and reasons for survival rates, as well as an investment verdict, and limited the article to what Baldwin's blog post of February 18, 2025, states. The previous headline was "Shapur I Gold Dinar (241-272 AD): Why Imperial Propaganda Coins Command Million-Yen Valuations."
This article is based on a blog post published by the British dealer Baldwin's (A H Baldwin & Sons Ltd) on February 18, 2025. The post profiles a single coin the firm offers; the descriptions and assessments are Baldwin's own.
The Coin Baldwin's Profiled
Baldwin's presented a gold dinar from the reign of Shapur I of the Sasanian Kingdom (241-272 AD) as "rare and superb." The post ends with a link to the coin's listing. It does not state a price or a grade.
According to the post, gold coinage from the Sasanian period is significantly rarer than the more commonly found silver drachms. The Sasanians mainly struck silver coins for wide use, while gold dinars were reserved for special occasions, payments to high-ranking officials or diplomatic gifts, the post says.
Shapur I and Rome
The post says Shapur I succeeded his father Ardashir I and continued the expansion of Persian influence, particularly against Rome. In 260 AD he defeated and captured the Roman Emperor Valerian, an event depicted in rock reliefs at Naqsh-e Rostam and Bishapur, according to the post.
The Designs
The post describes the designs of this coin type. The obverse typically shows Shapur I wearing a stepped crown with a korymbos, a large globular ornament. The reverse often shows a fire altar, a Zoroastrian symbol representing Ahura Mazda, the supreme deity of Zoroastrianism.
The post also says Sasanian coinage influenced early Islamic coinage after the Arab conquest of Persia. The portrait style of the Sasanian rulers and the fire altar design were adapted into early Islamic coins before purely Arabic inscriptions became the norm, it says.
Source: Baldwin's, "Sasanian Kingdom, Shapur I (241-272 AD), gold Dinar – rare and superb" (February 18, 2025).
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