Note of the Month: Kuwait 5 Dinars

Posted on 2/24/2026

The national day for the oil-rich Mideast nation is held annually in late February.

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Country: Kuwait

Catalog Number: 4

Date: 1960 (ND 1961)

Denomination: 5 Dinars

Varieties: The PMG Population Report also lists 'cts' for Color Trial Specimens and 's' for Specimens.

What makes it special? This note was among the first issued by Kuwait, which gained its independence on June 19, 1961. Due to the heat, Kuwait celebrates its National Day instead on February 25, the anniversary of the coronation of Abdullah Al-Salim Al-Sabah in 1950 as sheikh. Pictured on the front of this note, he went on to serve as first emir of Kuwait from 1961 until his death in 1965.

Did you know? The word "dinar" is used by several countries in the Arab world (as well as Serbia and North Macedonia) for their currency. The word can be traced to the Latin word denarius, a silver coin used for centuries by the Romans.

Total graded by PMG: As of mid-February 2026, the PMG Population Report includes 1,318 examples of Pick# 4, 3 examples of Pick# 4cts and 2 examples of Pick# 4s.

PMG median grade: PMG 64 Choice Uncirculated EPQ

PMG highest graded: Thirty-five examples of Pick# 4 are graded PMG 67 Superb Gem Uncirculated EPQ.

Sales highlight: "Top Pop" examples of Pick# 4 with an A/1 prefix realized $1,860 in a Heritage Auctions sale in September 2020 and $1,800 in a Heritage sale in March 2024.

PMG Registry: This note is part of the most popular Kuwait category in the PMG Registry, 1960-Date, P1-Date, Issued Notes, Including Varieties, where baydaqbanknotes' top-ranked My Kuwait Professional Sets has a Top Pop example in PMG 67 Superb Gem Uncirculated EPQ. Of the 83 notes in this 100% complete set, this particular note contributes the most points to the set's Registry score. The same collector uses an example graded PMG 66 Gem Uncirculated EPQ as part of their top-ranked Kuwait 1st Issue 1961 set, which leads the shorter Kuwait Currency Board, Law of 1960, 1961 ND Issue, P1-P5 category.

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