Asper - Hadji Gerai Khan

Caffa's Genoese administration minted this asper during a period of acute political instability on the northern Black Sea coast, issuing coins bearing the name of the reigning Crimean Khan as a matter of practical necessity — acknowledgment that the city's commercial survival depended on maintaining workable relations with the Giray dynasty. Hadji Giray had expelled the last Golden Horde loyalists from Crimea and established the independent Crimean Khanate around 1449, making Caffa's tribute coinage as much a diplomatic instrument as a circulating currency.

The city fell to Ottoman forces under Gedik Ahmed Pasha in 1475, ending Genoese control entirely. Issues from this reign window are the last of the collaborative Caffa-Khan series.