Murad III's reign coincided with the Ottoman Empire's stretched administration of its North African regencies, and coinage struck in Algiers during this period operated under considerable local autonomy — the mint functioned more as a commercial instrument for the corsair economy than as a tool of imperial monetary policy. Album 1331 is a sparse listing, and documented specimens of this fractional gold type surface rarely in Western auction records.
Murad III's reign coincided with the Ottoman Empire's stretched administration of its North African regencies, and coinage struck in Algiers during this period operated under considerable local autonomy — the mint functioned more as a commercial instrument for the corsair economy than as a tool of imperial monetary policy. Album 1331 is a sparse listing, and documented specimens of this fractional gold type surface rarely in Western auction records.