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Aluminium-bronze 1 ⁄ 4 kr. coins were issued between 1940 and 1942, the last coins to bear this denomination. Nickel-brass replaced silver in the 25kr. in 1944, with brass 1kr., 2 + 1 ⁄ 2 kr., 5kr., 10kr. and 25kr. introduced between 1947 and 1949. The silver 50kr. and TL 1 were discontinued in 1948, with cupro-nickel TL 1 issued in 1957.
At the beginning of the 19th century, silver coins were in circulation for 1 akçe, 1, 5, 10 and 20 para, 1, 2 and 2 + 1 ⁄ 2 kuruş, together with gold coins denominated in zeri mahbub (3,5 kurush) and altin. As the silver coins were debased, other denominations appeared: 30 para, 1 + 1 ⁄ 2, 3, 5 and 6 kuruş.
Mints designed for the manufacture of coins have been commonplace since coined currency was first developed around 600 BC by the Lydian people of modern-day Turkey. The popularity of coins spread across the Mediterranean so that by the 6th century BC nearby regions of Athens, Aegina, Corinth and Persia had all developed their own coins.
From 1 January 2009, the prefix "new" was removed from the second Turkish lira, its official name in Turkey becoming "Turkish lira" again; [58] new coins without the word "yeni" were introduced in denominations of 1kr., 5kr., 10kr., 25kr., 50kr. and ₺1. Also, the center and ring alloys of the 50kr. and ₺1 coins were reversed.
Gold coins buried in a small pot and dated to the fifth century B.C. were discovered in modern-day Turkey. Archaeologists believe that the coins—based on their location underneath a Helensitic ...
World War I saw Turkey effectively depart from the gold standard with the gold lira being worth about LT 9 in paper money by the early 1920s. Between 1844 and 1855, coins were introduced in denominations of 1p, 5p, 10p, 20p, 1 ⁄ 2 pt, 1pt, 2pt, 5pt, 10pt, 20pt and LT 1 ⁄ 4 , LT 1 ⁄ 2 , LT 1, LT 2 + 1 ⁄ 2 and LT 5.
The Turkish State Mint (Turkish: Darphane) is a state-owned mint situated in Istanbul that is responsible for minting the coinage of Turkey.Originally founded in 1467, the mint replaced the Constantinople Mint as the largest mint of the Ottoman Empire to become its successor.
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. Because of the debased values of the piastres in the Middle East, these piastres became subsidiary units for the Turkish, Lebanese, Cypriot, and Egyptian pounds. [1]