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500 Kuruş Gold Bullion Coinage

Issuer Darphane-i Amire (Turkish State Mint)
Year 1942-1947
Type Non-circulating coin
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Reverse lettering HAKİMİYET MİLLETİNDİR ANKARA
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Mint Ankara Mint, Turkey
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Additional information

Turkey's wartime gold bullion coinage was issued as the country walked a careful diplomatic tightrope between the Axis and the Allies — officially neutral, but under intense pressure from both sides. The 1942–1947 dating spans the full arc of that neutrality, including the period when Germany was Turkey's largest trading partner and when Allied missions in Ankara were lobbying hard for chrome ore export restrictions.

These pieces were struck by Darphane-i Amire less as circulating currency than as a vehicle for state gold holdings, partly in response to the wartime hoarding crisis that drove the catastrophic Varlık Vergisi wealth tax of 1942.

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