Yemen (Arab Republic) … but what is it?

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1/8th Rial ?
Here is one like it.
Yemen - A. bin Yahya - Coin - 1/8 Rial 1954 - AH 1373 Sana Silver - RARE! | eBay

 

The coin is 1/8 Riyal - al-Nasir Ahmad bin Yahya
Numista entry:
https://en.numista.com/19674

An interesting coin:

Qataban and Sheba by Wendell Phillips is a book about archaelogy published in 1955.

The fuller title is Exploring the Ancient Kingdoms on the Biblical Spice Routes of Arabia.

Phillips did not have much money but was able to talk people into putting up money for an archaeological expedition to Yemen (South Arabia) in the early 1950's to look for the site of the legendary city of Marib, the Queen of Sheba's capital.

From the book:

It added enormously to [the accountant's] bookkeeping, however, for small change was a never-ending nuisance.

We used Arabian buqshas in seven different coin sizes--half buqshas, buqshas, two buqshas, two and a half buqshas, four buqshas, five buqshas, and ten buqshas. Forty buqshas equaled one Maria Theresa dollar, which was worth half an American dollar.
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The coin pictured is 1/8 riyal or five buqshas.

 

Here's one I have that I identified as 1/16 riyal. Don't know if that's correct.

 

Here is a more detailed post on Wendell Phillips in Arabia:

https://www.cointalk.com/threads/we...nd-sheba-maria-theresa-dollars-1950-52.254392

Might I ask, lordmarcovan, how you acquired your coin?