1 Lira

The Turkish lira endured one of the most sustained currency collapses in modern monetary history during this period, losing roughly 80% of its value against the dollar between 2021 and 2023 alone. At that exchange rate, a circulating 1 Lira coin was worth a fraction of a US cent — raising the perennial question of whether the metal cost of production exceeded the coin's face value.

Turkey has periodically redenominated its currency to manage accumulated inflation damage; the 2005 redenomination removed six zeros from the old lira. These post-redenomination coins are the second generation of that reset.