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1 Hemidrachm - Anonymous Nakhshab, debased late type

Issuer Nakhshab (ancient)
Year 301-401
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Composition Billon
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Reverse script Sogdian
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Edge Plain
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Additional information

Nakhshab, located in Sogdia near modern Qarshi in Uzbekistan, produced these debased fractions during a period of prolonged administrative fragmentation following the collapse of Kushano-Sasanian authority in the region. The progressive debasement visible across the late series reflects not a single crisis but a slow fiscal erosion — successive issues reducing silver content until billon became the operative description rather than a courtesy.

Anonymous attribution on these pieces is the rule, not the exception. No issuing authority claimed them in name.

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