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Cedid Mahmudiye Nisfiyesi - Mahmud II Kostantiniyye mint
| Issuer | Ottoman Imperial Mint |
|---|---|
| Year | 1833-1838 |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | محمود |
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| Mint | Kostantiniyye (Constantinople) |
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| Additional information |
The Cedid Mahmudiye series was introduced in 1829 as part of Mahmud II's sweeping monetary reform, the most significant Ottoman coinage overhaul in over a century. The reform was driven partly by the chronic debasing of earlier issues and partly by the sultan's broader modernization agenda — the same program that abolished the Janissaries in 1826 and restructured the Ottoman bureaucracy along European lines. The nisfiye, a half-unit denomination, occupied a practical middle tier in daily commerce during a period when the empire's financial credibility was under sustained pressure from war debts and the Greek independence settlement.
At .830 fine, these were struck to a notably higher gold standard than many contemporary issues from the same mint.