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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.
The name akçe originally referred to a silver coin but later the meaning changed and it became a synonym for money. The mint in Novo Brdo , a fortified mining town in the Serbian Despotate rich with gold and silver mines, began to strike akçe in 1441 when it was captured by the Ottoman forces for the first time.
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.
Check out the slideshow above to discover if any of the coins you've collected could rake in big bucks today. Your old coins aren't the only items that could make you rich now -- Find out what ...
But it’s not always easy to tell which old coins or bills are actually worth more than the money amount printed on them. ... All 9s are especially rare since money today is only printed up to ...
Condition also influences a coin’s value. Coins in pristine, or “mint” condition, especially those that never circulated, can fetch much higher prices than those that show wear and tear ...
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