The 1937 Egypt 2 Piastres silver coin (KM# 365) is a beautifully crafted coin struck during the reign of King Farouk I, who ruled from 1936 to 1952. This coin has a diameter of 19 mm, weighs approximately 2.8 grams, and is composed of .833 fine silver, making it a delicate yet valuable piece of Middle Eastern numismatic history. The obverse features a portrait of King Farouk facing left, wearing a traditional fez, surrounded by Arabic inscriptions identifying him as the King of Egypt. The reverse showcases the denomination of “2 Qirsh” encircled by a tasselled wreath, alongside the Gregorian and Islamic Hijri dates, 1937 and 1356, respectively.​

One of the striking attributes of a high-grade example, such as one certified PCGS MS64+, is its exceptional preservation and original mint luster. The coin maintains crisp details and vibrant surfaces characteristic of Brilliant Uncirculated or near-Uncirculated condition, with sharp strikes that highlight the intricate design elements. What truly elevates the appeal of this specific coin is the presence of beautiful reverse rainbow toning. This natural toning forms due to subtle oxidation of the silver surface over decades, generating iridescent hues of blue, purple, and gold that dance across the reverse side. Such toning not only enhances the coin’s visual allure but also signifies uncleaned originality—qualities prized by collectors.​

Historically, this coin provides a vivid snapshot of Egypt during King Farouk’s early reign, reflecting Egypt’s constitutional monarchy era prior to the 1952 revolution. Coins of this period are important links to Egypt’s numismatic evolution and political heritage. The 2 Piastres was a common denomination for daily transactions but its silver content and artistic quality lend it an elevated status among world coin collectors today. Certified by PCGS, the MS64+ grade attests to the coin’s exceptional condition, increasing its desirability and market value.

Collectors highly covet coins with original luster and attractive rainbow toning because they combine the best of historical significance, metal content, and eye-catching aesthetics. Such coins often command premiums above standard untoned counterparts. This coin’s mild toning and lustrous surfaces offer a unique collector’s draw, making it suitable for those interested in Middle Eastern silver coinage, historical portrait coins, and beautifully toned numismatic specimens.

In conclusion, the 1937 Egypt 2 Piastres silver coin PCGS MS64+ with stunning reverse rainbow toning is a remarkable piece that merges Egyptian history, artistic craftsmanship, and natural toning beauty. It holds strong collector appeal as both a historic artifact and a visually captivating silver coin from the Kingdom of Egypt’s vibrant numismatic legacy.​