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1/2 Tumân - Moẓaffar od-Dīn Qājār

Issuer Imperial Mint of Persia
Year 1899-1906
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Value 1/2 Toman (تومان) (5)
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Reverse lettering السّلطان مظفرالدین شاه قاجار طهران
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Mintage 1316 (1899) - KM#994.1 -
1318 (1901) - KM#994.1 -
1319 (1902) - KM#994.1 -
1320 (1903) - KM#994.1 -
1321 (1903) - KM#994.1 -
1322 (1904) - KM#994.1 -
1323 (1905) - KM#994.2 -
1324 (1906) - KM#994.1 -
Additional information

Moẓaffar od-Dīn Shah's reign was defined almost entirely by debt. Desperate for funds to finance his three European tours, he twice borrowed heavily from Russia — loans that came attached to customs concessions and effectively handed Tehran's foreign trade revenues to Russian administrators. The gold coinage of this period circulated against that backdrop of accelerating fiscal collapse, with the Iranian treasury increasingly hypothecated to foreign creditors.

The Constitutional Revolution of 1906 forced Moẓaffar od-Dīn to sign the founding decree of the Majles just weeks before his death, ending the absolute authority under which these coins were struck.

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