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1/2 Pahlavī - Mohammad Rezā Pahlavī

Issuer Bank Melli Iran
Year 1951-1974
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Weight 4.06799 g
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Obverse description Low-relief unadorned effigy of Mohammad Reza Shah Pahlavi facing left, his bare head rendered in a naturalistic portrait style. A curved Persian legend arcs above the effigy across the upper field, identifying the ruler and his imperial title, while the Solar Hijri date in Eastern Arabic-Indic numerals appears in two groups flanking the lower truncation. The coin is bordered by a fine reeded rim.
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Obverse lettering محمّد رضا شاه پهلوی شاهنشاه ایران ۱۳۳۲
(Translation: Mohammed Reza Shah Pahlavi, Shahindshah of Iran 1332)
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Additional information

The half Pahlavi gold series spans a politically turbulent stretch of Mohammad Reza Shah's reign, bracketed at one end by the 1953 CIA- and MI6-backed coup that restored him to power after Mosaddegh's nationalization of the Anglo-Iranian Oil Company, and at the other by the oil boom years when Iran's gold coinage became a domestic savings instrument for a rapidly urbanizing middle class. Bank Melli issued these not merely as bullion but as the preferred store of household wealth in a country where banking trust remained thin.

The Pahlavi denomination had been introduced by Reza Shah in 1926 specifically to replace the older Toman-based gold coinage — a deliberate modernization tied to his broader program of Westernizing state institutions.

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