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It was worth 40 para. In 1844, following sustained debasement, the gold lira was introduced, worth 100 kuruş. During the late 18th to early 19th centuries it was further reduced to a billon coin weighing less than 3 grams. As the Ottoman Empire broke up, several successor states retained the kuruş as a denomination.
Gold coins continued to be minted after the abolition of the gold standard, even into the 1920s, but their value far exceeded the value of the equivalent denominations in paper currency. The central Ottoman Bank first issued paper currency known as kaime in 1862, in the denomination of 200pt. The notes bore texts in Turkish and French.
From 1 January 2009, the "new" was removed from the second Turkish lira, its official name in Turkey becoming just "Turkish lira" again; new coins without the word "yeni" were introduced in denominations of 1kr., 5kr., 10kr., 25kr., 50kr. and TL 1. Also, the inner and outer alloys of the 50kr. and TL 1 coins were reversed.
The akçe or akça (also spelled akche, akcheh; Ottoman Turkish: آقچه; Turkish pronunciation:, , in Europe known as asper or aspre) was a silver coin which was the chief monetary unit of the Ottoman Empire and was once used by Aq Qoyunlu in the early period. [1]
5. 2007 C$1M Coin. Potential worth: $4.1 million. The massive 100 kg. 2007 C$1M coin (Canadian) can land up to $4.1 million, according to Urban Aunty. It’s made of pure gold.
The Ottoman lira remained in circulation until the end of 1927. [3] First Turkish lira (1923–2005) ... Current Turkish lira coins ; Image Value
Old coins are going for big bucks on eBay, and we found a few that you might just have lying around. Check out the slideshow above to discover if any of the coins you've collected could rake in ...
Successive currency reforms by debasing the Ottoman currency had reduced the value of the Ottoman piastre by the late 19th century so as to be worth about two pence (2d) sterling. Hence the name piastre referred to two distinct kinds of coins in two distinct parts of the world, both of which had descended from the Spanish pieces of eight.
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