The minting for Turkey Gold 100 Kurush Coins included both artistic and historical designs. Imagining the reasons these rare Ottoman Imperial coins continue to maintain popularity among gold historic world coins is easy. Anyone experienced with Middle Eastern Gold already knows these coins are among the finest available. The weight of this coin is 0.2127 troy ounces with a content starting at 0.9167 fine gold. Toughra is depicted on the obverse side of the coin.
This symbolizes the Sultan of Ottoman Turks. Gold 100 Kurush coins have become popular and loved due to the simple and classic design. Many collectors do not consider their collection complete without one of these rare coins. The origins of Turkish gold coins date back to the Ottoman Empire. Prior to the breakup of the Arabian Peninsula after World War I, the Ottoman Empire included the majority of this peninsula. The features of the coin are distinct including:
• The weight of the coin is 0.2127 troy ounces
• Toughra is proudly depicted on the obverse side
• Individual coins are packaged with protective plastic flips
• An enwreathed inscription is displayed on the reverse side
• The coin was made using 0.9167 fine gold
Turkey Gold 100 Kurush Coins Background and History
The Turkey Gold 100 Kurush coins background and history originated during the glory period of the Ottoman Empire. This Muslim power lasted for several centuries and was a representation of the greatest empire in both the Middle East and Europe. During one point in time, this empire effectively covered the majority of the Arabian Peninsula, the Middle East, Jordan, Greece, Cyprus, Turkey and Iraq while stretching across North Central Africa, Egypt and Libya.
The Ottoman Empire also covered the Balkans as far as the Austrian gates of Vienna. During World War I, the empire was not on the winning side resulting in the breakup of this massive force. Even after the end of the war, the empire still stretched through the majority of the Middle East and Turkey. Due to the substantial weakening of the Ottoman Empire, it was referred to as Europe’s sick old man. The minting of gold coins in modern Turkey began almost 5,000 years in the past.
The first gold coins were made at Sardis during ancient times in Lydia. Sardis is well known as an extremely wealthy capital. The coins were minted in a Greek style starting during the 7th century B.C. This means there is a mutual history between Turkey and gold of more than 2,500 years. This is partially due to the long-standing history between the Turkey territory and gold. Most people are not surprised to learn Turkey is responsible for minting a wide range of gold coins in different denominations including:
These beautiful coins were inscribed with calligraphy and minted during the diminishing and last years of the Ottoman Empire toward the end of the 19th century and at the beginning of the 20th century. The minting was most common when Sultan Abdul Hamid II reigned. Turkey Gold 100 Kurush Coin Prices have been influenced by the content including .2127 ounces of pure gold. These coins have become extremely popular among current investors and collectors.
Unfortunately, there was some confusion regarding the earlier series due to the Turkish script displayed in Arabic style. For this reason, Turkish gold coins have been ignored by some of the investors. Is it often difficult to identify modern Turkish coins. This means savvy collectors of Turkish coins can purchase valuable and rare coins inexpensively because sellers are not always aware of the facts.
Kurush and Turkey 500, 250, 100, 50 and 25 from 1876 to 1918
These beautiful Turkish coins were minted during the reigns of Abdul Hamid II including AH1293 to AH1327 with a Western equivalent of 1876 A.D. to 1909 A.D. AH1327 to AH1336 were minted during the reign of Muhammad V with a Western equivalent of 1909 A.D. to 1918 A.D. The Kurush denominations of 500, 250, 100, 50 and 25 were all minted using precious gold with Tughra on the right with crossed branches below. The other side depicts a star on the top with the inscriptions below encircled by branches.
Other gold coins with different patterns were minted in Turkey between 1293 and 1327. The date the sultan began his reign is depicted on the coins, with Abdul Hamid II in 1293 and Muhammad V in 1327. The year of minting is also shown. The weight and size of these coins are detailed below.
• Smaller 500 Kurush coins are 17.54 grams including 0.517 ounces of gold
• Larger 500 Kurush coins are 36.08 grams including 1.034 ounces of gold
• 250 Kurush coins are 0.532 ounces with a 26 mm diameter
• 100 Kurush coins are 0.213 ounces with a 22 mm diameter
• 50 Kurush coins are 0.106 ounces with an 18 mm diameter
• 25 Kurush coins are 0.053 gold troy ounces with a 140mm diameter
At this time, the value of gold per troy ounce is $1,720. This means the basic value of a 100 Kurush according to gold content is $366. Coins in exceptional condition may have a higher value in addition to the gold due to the popularity among investors. The value changes according to the price of gold in addition to the following.
100, 50 and 25 Kurush Coins:
• Average circulated increases value $20
• Fully uncirculated increases value $100
• Well preserved increases value $40
• Mounted or worn does not increase value
250 Kurush Coins:
• Average circulated increases value $30
• Fully uncirculated increases value $200
• Well preserved increases value $100
• Mounted or worn does not increase value
500 Kurush Coins:
• Average circulated increases value $100
• Fully uncirculated increases value $400
• Well preserved increases value $200
• Mounted or worn does not increase value
1327/7 to 1327/10 500 Kurush Coins Weighing 36.08 Grams
• Average circulated increases value $1,000
• Fully uncirculated increases value $4,000
• Well preserved increases value $2,000
• Mounted or worn increases base gold value by $50
1327/3 Kurush Coins 500 Kurush Coins Weighing 36.08 Grams
• Average circulated increases value $2,000
• Fully uncirculated increases value $10,000
• Well preserved increases value $6,000
• Mounted or worn increases base gold value by $100
Turkey Gold 100 Kurush Coins Physical Characteristics
Turkey Gold 100 Kurush coins physical characteristics include a single denomination with higher gold content and sizes similar to contemporary Belgian, French and Swiss competitors.
If you are interested in coins, you may want to check out the American Buffalo Coins as well as the American Eagle Gold Coins.
Heavy Gold 1915 Ottoman Empire Mehmed V. 100 Kurush Coin
Turkish Mehmed V. coins include Resat Mehmet and Mehmed V Resad minted between November 2nd pf 1844 and July 3rd of 1918 during the reign of the 35th Ottoman Sultan. Sultan Abdülmecid I was his father and Gulcemal Kadin Efendi his mother. He was one of many potential heirs confined to the palace harems for 30 years. He spent nine of these years in solitary confinement. Throughout this period of time, he studied old Persian style poetry and became an acclaimed poet.
He was ceremoniously circumcised during his ninth birthday in the Sunnet Odasi or special circumcision room of the Topkapi Palace. He began his reign in 1909 on April 27th but lacked political power. Three Pashas of the Ottoman government made all of the decisions throughout the First World War. These were Cemal Pasha, Talat Pasha and Enver Pasha. The only important political act achieved by Mehmed V was on November 11th of 1914 when Jihad was declared against their allies.
Throughout the Caliph’s history of Jihad, this remains the final genuine proclamation since the Caliphate only remained until 1924. In spite of the high Muslim population of Ottoman territories, there was no noticeable impact on the war due to the proclamation. Eventually, the British forces and Arabs united against the Ottomans resulting in the 1916 Arab war. On October 15th of 1917, Kaiser Wilhelm II was hosted by Mehmed V as a war ally in Constantinople.
Mehmed V was 73 when he died in 1918 on July 3rd. World War I ended just four months later. He never saw the Ottoman Empire fall. The majority of his life was spent in Constantinople at the Yildiz Palace and at the Dolmabahçe Palace. His grave is located in historic Eyup. He left behind four children. Prince Mehmed Ziyaeddin lived from 1873 to 1938, Prince Ömer Hilmi from 1886 to 1935 and Princess Refia passed away as a baby.
Prince Mehmed Necmeddin was his third son living from 1878 until 1913. His second wife Durridem Kadin Efendi was his mother. She was of Georgian origin and born in Kars. They divorced in 1887 and his new wife was the concubine Mihrengiz. Prince Mehmed Necmedinn was fascinated with classical music. Prince Mehmed Saban Efendi was his only son living from 1909 until 1982. Nihal Nur was his mother and of Georgian origin. In 1924, she left Turkey and relocated to Bulgaria. They emigrated to Germany in 1966.
In 1980, he went back to Turkey and the family settled in Thrace in 1980. Princess Nemzade Hatice Sultan was his wife. Sultan Abdülaziz I was her great-grandmother. Sebastian was the youngest son born to Saban and lived from 1946 to 1998. He lived in Germany with his family and left behind Prince Timur Can as his son and heir. The following details the 100 Kurush coin from this era.
• Friedberg 52, KM-754 refrence
• Made of 0.2127 ounces AGW and .917 gold
• 1915 mint date (1327AH+6)
• 7.22-gram weight
• Minted in Constantinople
• 22mm diameter
The obverse side contains an image of Tughra with the regnal year below. The right field shows the honorific reshat title. The mint name is shown above the mint formula on the reverse side in addition to the assertion year 1327.
The front of the coin is called obverse all over the world. The symbol depicted on Turkey Gold 100 Kurush Coins is Toyghra, the Ottoman Turkish Empire Sultanate. The image is encircled by sprigs and stars. The rear side is called the reverse. An inscription is highlighted in these coins, topped with a star and enwreathed. These coins were minted at the famous Constantinople Mint, known for the production of many 1,000th-year gold Byzants. This was prior to the mint being conquered by the Ottomans.
The dimensions and specifics of the Turkey Gold 100 Kurush Coins are:
• 1.4 mm thickness
• 7.2160-gram mass
• 0.2127 troy gold ounces
• 22.3 mm diameter
• 91.67 percent gold
Turkey Gold 100 Kurush Coin Prices
Turkey Gold 100 Kurush Coins have remained legal tender in Turkey and the modern-day Republic despite the Ottoman Empire now belonging to history. It is impossible to determine the value of these coins for purchases and daily needs because the actual face value remains unknown despite the fifth ounce of gold. Lira is the current currency of Turkey. When only the gold is considered, the value is still more than $250.
The intrinsic value of these coins is dependent on current spot gold prices according to the world markets. Due to the historical nature, a minor premium is applicable. The coins still serve as a reminder of the last days of the Ottoman Empire. This is extremely important when adding Turkey Gold 100 Kurush coins in your IRA portfolio as an investment or for retirement. The coins also offer the advantage of a small premium above gold prices across the globe due to the associated production and circulation costs.
These costs were incurred by the Constantinople Mint more than a century past. The specific market value is dependent on gold prices and daily fluctuations. Gold is traded all over the world in complex commodity financial centers six days every week including New York, London, Chicago and Hong Kong. Current gold prices are available over the internet.
Turkey Gold 100 Kurush Coins in Your IRA
Turkey Gold 100 Kurush Coins are historical and exotic relics of a grand era long since passed. A lot of investors are uncertain as to whether the Internal Revenue Service will allow these coins to be collected for a Precious Metals IRA. This decision is made only by the IRS. There are two factors the IRS uses to determine if bullion coin qualifies for an IRA, maximum collectible value and minimum gold purity. There are regulations that must be followed to include these coins in any gold coin backed iRA.
The individual must have or establish a self-directed IRA account. An initial order can then be placed for a minimum of $5,000 for silver or gold bars or bullion coins approved by the IRS. Once this has been accomplished the investor can add precious metals with a minimum increment of $1,000. If the investor already has an established IRA, it can be transferred to a self-directed IRA through the IRA rollover process. The coins must be purchased by the administrator for the new account.
The IRS requires all precious metals to be stored in a vaulting depository by a third-party with a specialty in precious metals holdings for IRAs. All deposits are maintained and secured by these companies. If the investor handles the precious metals during the purchasing or storage stages, it becomes invalid. This means it is unable to be added to the IRA account. IRA regulations state the minimum purity level of gold is .995 percent for inclusion in any retirement IRA.
There are some Turkish Gold 100 Kurush coins with a gold purity level of .9167. According to the IRS, these coins are ineligible to be included in an IRA account. The only way Turkey Gold 100 Kurush can be included in an IRA is if they have the required gold purity. Even if an investor is interested in coins not suitable for an IRA, they are an excellent diversification tool for both investment and retirement portfolios. Coin shops throughout the world offer these historic and beautiful coins, especially in Europe and the Middle East.