🇹🇷 TURKISH OTTOMAN GOLD COINS AND BULLIONS 🇹🇷
Channel: Filipinas Bullion Travel TV
Date: 2021-02-21

This subject matter is broad spectrum, wide range and not so interesting coins among many young collectors and numismatist alike.  The coin does not show any theatre or movie drama but gives a long history going back to the earliest gold coins that were being made in a place known as Lydia about 640 BC. 
Lydia is now in present day is Turkey, so meaning, there is so much vital relationship of minting coins way back to the history of over two thousand years.

✅  Check Time Stamps Below:
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⌚ Time Stamp ⌚ 
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0:00    Introduction
1:20    Insight On Fractional Stacking Strategy of Turkish Gold
1:48    Importance of Holding and Gold Stacking
6:14    Short History of Gold Coins and Electrum
7:28    Fractional Gold Examples from Nadir Metals Rafineri (NMR)
8:30    Fractional Gold Examples from Istanbul Altin Rafenerisi, Gram Altin (IAR)
11:12  How to Buy Gold in Turkey
12:40  The Republic Gold Coins Descriptions
13:57  The Meskuk Gold Coins Specifications    
15:17  The Ziynet Gold Coins  Specifications 
16:10   The Sultan Abdul Hamid II And Sultan Muhammad V Gold Coins Examples
18:08   Gold Value and Long Custom Tradition in Turkey   
19:40   Outro
20:01   End
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The first gold coins are not pure gold as we have now, they were minted with their standard size and weight refined with the mixture of silver and gold called electrum extracted from geographical alluvial deposits thru rivers coming from the mountains within. In Lydia, there was a place known as Sardis being the main capital and was ruled by a King so named Croesus around 561 to 546 BC. His Kingdom is well known to be rich flourishing in gold. The place I visited on this footage was just near to the ruins of old Sardis some kilometres away.

The Republic Gold Coins are much easy to obtain within a reasonable price. They are mass produce for domestic consumption in the past recent years and very popular to its citizens. 

There are two popular sub-types called Meskuk and Ziynet. Some of the Ziynet coins in the bazaar glass display comes already with a ready hook soldered on its edge or rim with some tiny coloured ribbons beautifully attached. 

The Ziynet was started to be minted from 1898 and the Meskuk was in 1944, they were both legal tender value and were officially declared on August 8, 1951. 
They were in legal tender value of Piastres, but the value is not engraved in the coin at all including the gold fineness and its weight. The value of one lira is equivalent to one hundred piastres.

The Meskuk was often called the thick coin while the Ziynet is the opposite which is the thin one. They have their own official mint called Turkish state mint. This is now located in Yildiz Besiktas since 1967, somewhere in Istanbul while prior transfer they were previously minting the state coins on Topkapi palace from 1723 to 1967.

The Meskuk
The Obverse depicts the head of Kemal Ataturk, encircled by the words, HAKIMIYET MILLETINDIR meaning sovereignty rests with the nation and ANKARA which is the capital city of Turkey. 
The reverse shows the words TURKIYE CUHMHURIYETI or meaning Republic of Turkey, encircled by a wreath.

The year date is based on the number of years since 1923, when Turkey was established as a Republic. You have to sum the 1923 to number below as they are written in a number figure for example 1923 underscore 90 meaning year 2013 if you add both numbers it will identify the year of minting.  The year date changes from 29 October to commemorate the date of Turkey republic establishment until October 28 of the following year. 
Therefore, the example will mean that on October 29, 2013 up to October 28, 2014 as the following year is the minting date of the coin.

The Ziynet
The Obverse depicts the head of Kemal Ataturk, encircled by 32 stars and a decorative design incorporating flowers. 
The reverse shows the words, TURKIYE CUHMHURIYETI  or meaning the Republic of Turkey, and the year date of minting encircled by 32 stars and again a decorative design of incorporated flowers. The year date changes on 1 January. The Ziynet gold coins includes Latin letters and pictures into its design since 1938. 

There are also a neglected series from 1817 to 1918 with Arabic styles and inscriptions from the reigns of Sultan Abdul Hamid II, dated AH1293 to AH1327 which is equivalent to western date of 1876 to 1909 and with Sultan Muhammad V, dated AH1327 to AH 1336 with an equivalent western date as 1909 to 1918. 

They were also in same denominations with the modern Republic gold coins. It depicts a tughra with reshat to the right and crossed branches beneath, you have to identify the inscription below. It denotes the year of the reign of its minting. The other side has a branch encircling the inscriptions with a star at the top. The first step to know is to understand how to read the arabic numbers from 1 up to 10. There are many different patterns in the gold coins minted since 1876 to 1909.

#goldcoins #Meskuk #ziynet