Turkish Gold Coins
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Turkish coins

Some of the Earliest gold coins were made in Turkey's geography. The world's first coins were Greek coins made in Lydia about 640 BC, but the area of Lydia is now in present day Turkey, so that the relationship between Turkey and gold coins dates back over 2,000 years. With this long history, it is no surprise that Turkey has produced many different denominations of gold coins, which include Sultani, Serifi, Yarim, Cifte, Tek, Istanbul, Dort, Luk, Onluk, Altin, Mahbub, Piastres and Lire. turkish gold coin kurus

In their uniqueness and rarity some Turkish coins can even compete with some of the rarest China gold coins with their similarly lengthy history. But at the same time Turkish gold coins are currently undervalued and most of them sold at a little higher than their actual gold content value. Because of the use of the Arabic style Turkish inscriptions of most earlier Turkish coins, most western coin collectors ignore Turkish gold coins. Most Western numismatists find elaborate Arabic inscriptions of older Turkish coins confusing and impossible to read, which makes it difficult to assess whether a certain Turkish gold coin is going to be a sound collector purchase or have a good investment value. Modern Turkish coins are not much easier to identify either. This means that any collectors of Turkish coins should be able to find many relatively cheap Turkish coins, which may include rare and potentially valuable items, provided he is prepared to more research than the average collector.

Starting from 1930 Turkey began minting Turkish gold coins using Latin letters and numbers. That finally makes it easier for coin collectors to recognize the year of the making and other essential parameters of Turkish coins.

Technical specifications of the most frequently encountered Turkish gold coins.

Denom Diam Weight Alloy AGW
500 Piastres / Kurush 34 39.0800 0.9166 1.0638
500 Piastres / Kurush MDL 44.5 7.2160 0.9166 0.2126
250 Piastres / Kurush 27 18.0400 0.9166 0.5319
250 Piastres / Kurush MDL 39.5 17.5400 0.9166 0.5172
100 Piastres / Kurush 23 7.2160 0.9166 0.2126
100 Piastres / Kurush MDL 30 7.0160 0.9166 0.2069
50 Piastres / Kurush 17.8 3.6083 0.9166 0.1064
50 Piastres / Kurush MDL 22 3.5080 0.9166 0.1034
25 Piastres / Kurush 14.6 1.8041 0.9166 0.0532
25 Piastres / Kurush MDL 17.7 1.8041 0.9166 0.0532

Denom = Denomination
Diam = Approximate Diameter in millimetres.
Weight = Weight in grams.
Alloy = Fineness of gold.
AGW = Actual fine gold weight in troy ounces.
MDL = Monnaie de Luxe
Piastres = Kurush