1 Qiran - Fatḥ Alī Qājār Type E, Khoy mint

Khoy, situated in the northwest corner of Iran near the Ottoman and Russian frontiers, was among the provincial mints operating under Fath Ali Shah during the final decade of his reign. That border geography was no accident — the mint served local administrative and military needs in a region contested by the Treaty of Turkmenchay pressures of 1828, which stripped Iran of Caucasian territories following the catastrophic second Russo-Persian War. Provincial silver like this circulated in an economy increasingly destabilized by the indemnity payments imposed on Tehran after that defeat.