Ottoman Coin Collectors
About us
We are passionate collectors and experts in Ottoman history, specializing in Rashad (Reşat) gold and silver coins. With a deep appreciation for the artistry and historical significance of these rare treasures, our goal is to offer collectors and investors access to authentic, high-quality coins from the Ottoman Empire. Our commitment is to provide a seamless buying and selling experience, helping you build or diversify your collection with confidence.
History of the Coins
1299 - 1453
Early Period
The early Ottoman coins were heavily influenced by the coinage of neighboring states and the Islamic world. The first Ottoman coins were minted during the reign of Osman I, the empire's founder. These initial coins were simple and imitative of the coins from the Seljuk Sultanate, featuring Arabic inscriptions and basic designs.
1453 - 1600
Classical Period
The conquest of Constantinople in 1453 by Sultan Mehmed II marked a significant turning point in Ottoman coinage. Mehmed II introduced the "akçe" (also known as the asper), a small silver coin that became the cornerstone of the Ottoman monetary system. The akçe featured the sultan's name and titles, as well as Islamic religious inscriptions. During this period, the Ottomans also minted gold coins called "sultani" and copper coins known as "mangır."
The classical period saw the expansion of Ottoman territories, and with it, the integration of various monetary systems into the empire. The Ottomans maintained a bimetallic standard, using both gold and silver coins, which facilitated trade across their vast empire and beyond.
1520 - 1566
The Age of Suleiman the Magnificent
Under Suleiman the Magnificent, the Ottoman Empire reached its zenith, both territorially and culturally. Coinage from Suleiman's reign is noted for its high quality and artistic merit. The coins from this period often featured intricate calligraphy and detailed designs, reflecting the empire's wealth and sophistication.
Suleiman's economic policies strengthened the empire's financial stability, and his coins circulated widely, serving as a testament to the empire's influence. The "altun," a gold coin introduced during his reign, became particularly prominent.
1600 - 1800
Late Period
The late Ottoman period was marked by significant challenges, including military defeats, economic difficulties, and administrative inefficiencies. These issues were reflected in the coinage, with debasement and reduced silver content becoming common.
Despite these challenges, the Ottomans continued to produce a variety of coins, including the "para" (copper coins) and the "kurush" (silver coins). The empire also saw the introduction of paper money in the late 19th century, as part of modernization efforts.
1800 - 1922
Modern Period
The 19th and early 20th centuries were times of significant change for the Ottoman Empire. The introduction of modern minting techniques and machinery revolutionized coin production. Coins from this period often featured more uniform designs and higher production quality.
During the Tanzimat reforms (1839-1876), the Ottomans made significant efforts to modernize the economy, including the currency system. The "mecidiye," a silver coin named after Sultan Abdulmejid I, was introduced as part of these reforms. Gold coins like the "lirasi" were also minted, reflecting European influences.
The final years of the Ottoman Empire saw continued economic hardship, leading to further debasement and inflation. The collapse of the empire after World War I brought an end to Ottoman coinage, paving the way for the establishment of the Turkish Republic in 1923.
Legacy
Ottoman coins remain a significant part of numismatic history, cherished by collectors and historians alike. They provide valuable insights into the economic, political, and cultural history of one of the world's most influential empires. The diverse designs and inscriptions on these coins offer a glimpse into the rich heritage of the Ottoman Empire, highlighting its connections with the broader Islamic world and its impact on global trade and economy.