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1 000 000 Lira Istanbul Mint
| Issuer | Turkish State Mint (Darphane) |
|---|---|
| Year | 2002 |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
| Thickness | 1.9 mm |
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| Obverse description | Bimetallic coin with a brass centre and copper-nickel ring. The inner core depicts a frontal view of the Istanbul Mint building, surmounted by a crescent and five-pointed star emblem, with the denomination '1 MILYON LIRA' inscribed below in the field. The surrounding copper-nickel ring bears the country name in both Turkish and English, 'TÜRKİYE CUMHURİYETİ' and 'TURKISH REPUBLIC', separated by raised dots forming a continuous legend around the circumference. |
|---|---|
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| Reverse description | The brass centre of the reverse presents the specific date of issue in vertical sequence — day, month in Turkish, and year — reading '31 EKİM 2002', with the Darphane mint mark displayed below in the field. The copper-nickel outer ring carries a bilingual legend in Turkish and English commemorating the mint's founding, reading 'DARPHANE • 1467'DEN BERİ' and 'TURKISH MINT • SINCE 1467', the two language versions separated by a dash. |
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| Additional information |
The 2002 million-lira coin appeared near the end of Turkey's most protracted inflation crisis, one that had eroded the lira so thoroughly that a single US dollar was worth roughly 1.4 million of them by year's end. The denomination, which would have seemed absurd decades earlier, was entirely ordinary by the time this piece entered circulation. Turkey redenominated in 2005, lopping six zeroes off the currency and retiring the old lira entirely — giving coins like this a natural terminus that most circulating issues never get.