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7 500 000 Lira Iznik Ceramics

Issuer Turkey Mint (Darphane)
Year 2001
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Technique Milled
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Reverse description Central motif reproduces the decorative design of a 16th-century Iznik ceramic plate (tabak) dated 1570, depicting a lush, symmetrically arranged bouquet of carnations, tulips, and leafy branches rising from a central stem, enclosed within an ornate circular border of geometric and floral scroll-work characteristic of Ottoman Iznik ware. The surrounding legend along the upper arc reads GELENEKSEL TURK EL SANATLARI, referencing traditional Turkish handicrafts. Along the lower arc, the inscription İZNİK TABAK - 1570 identifies the source ceramic and its date.
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Edge Reeded
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Issued at the height of Turkey's catastrophic 2001 financial crisis — the worst in the country's modern history — this coin appeared as the lira was collapsing so badly that the government would within two years redenominate the entire currency, lopping six zeros to create the New Turkish Lira in 2005. A face value of 7,500,000 lira on a silver coin is less an absurdity than a straightforward artifact of that collapse.

Iznik ware, produced in the northwestern Anatolian town from the 15th through 17th centuries, supplied tilework for the great Ottoman imperial mosques of Istanbul and was heavily patronized by the sultans' court workshops.

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