Catalog
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| Issuer | Ottoman Empire |
|---|---|
| Year | 1861 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 185 × 133 mm |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | A laurel and oak wreath tied at the base with a ribbon bow frames five lines of Ottoman Turkish text at the centre, with the year inscription '1277' (AH) beneath the final line. A large circular official seal is affixed below the knot of the wreath, set against a plain paper ground with subtle floral watermark visible in the margins. |
| Reverse lettering | يكت ايكي يوز تمشن تكر سنه سي ماتي غايه سنده هين اقتر كمي تداول ايده بك ورقة نقديه در ١٢٧٧ |
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| Comments |
Pick 41 belongs to the third Ottoman paper money series, issued under Sultan Abdülmecid I's government as the empire's fiscal position deteriorated sharply following the Crimean War. The Kaime — as Ottoman paper currency was broadly known — had already suffered a credibility collapse in the late 1840s when earlier issues were printed without adequate backing and traded at severe discounts to face value. By 1861, the government was attempting to rehabilitate paper money through tighter controls and the introduction of watermarked stock, a deliberate departure from the earlier unprotected issues.
Forgery had been a persistent problem throughout the Kaime's history, and the watermark on this series was a direct response to that. Whether it achieved much deterrence is another matter — Ottoman paper money never fully recovered public trust before the series was eventually retired.