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How Many Grams Is A Gold Lira Coin?

Saturday, April 20th 2024

As an emblem of wealth and power, gold coins were used throughout the history of various civilizations. One such gold coin that is a source of fascination for collectors and historians alike, is the gold Lira. It is an essential component of the numismatic community, knowing the weight and significance that the gold lira has is crucial. In this comprehensive post, we’ll delve into the history, traits, and significance in the history of gold with particular attention paid to the weight of it in grams.

The Origins of the Gold Lira Coin

The history of the gold-lira coin can be traced back all the way to Italian as well as Turkish empires. Both countries produced their individual versions of the gold lira, with the earlier having it as their official currency, and the latter as a means of securing their economic power. The weight and the purity of gold’s lira coin varied in these two distinct situations.

Italian Gold Lira

It is believed that the Italian gold lira was first introduced during the 19th century following it was united Italy after 1861. The lira replaced the other currencies of the various Italian states including the Kingdom Sardinia, the Papal States, and the Kingdom of the Two Sicilies. The gold lira was issued in denominations of 5, 10, 20 50, 100 and 50 lire.

Ottoman Gold Lira

The Ottoman Empire (1), on its part, established the gold Lira called “the Ottoman gold lira”, or “Osmanli Altin Lirasi” in 1844. The gold lira came in place of the kurush, which was a silver coin, as the main currency of the empire. It was available in denominations of 1,5, 10 20, 50, and 100 lira.

Weight and Purity of Gold Lira Coins

The weight and the purity of the gold lira coin are key factors that determine the value. Both Italian as well as the Ottoman gold lira coins had various weights and levels of gold, making their valuation and comparison an intricate procedure.

Italian Gold Lira Coin Weight and Purity

5 Lire Gold coin was weighed at 1.6129 grams and contained .900 fine gold. This resulted in an actual gold weight (AGW) in the range of 1.4506 grams.

10 Lire Gold coin weighed 3.2258 grams and contained .900 fine gold, giving an average weight of 2.9012 grams.

20 Lire Gold coin weighs 6.4516 grams and contained .900 fine gold. This resulted at the AGW in the range of 5.8024 grams.

50 Lire Gold coin was weighed 16.1290 grams and contained .900 fine gold. This gives an AGW of 14.5160 grams.

100 Lire gold coin was weighed at 32.2580 grams and contained .900 fine gold, which resulted at an AGW 29.0320 grams.

Ottoman Gold Lira Coin Weight and Purity

1 Lira: The one Lira gold coins weighed 6.6666 grams and contained .916 fine gold. This gives it an average gold weight of 6.1076 grams.

5 Lire Gold coin was weighed at 33.3333 grams and contained.916 fine gold. This results that the AGW was 30.5380 grams.

10 Lire Gold coin weighted 66.6666 grams and contained .916 fine gold, giving the coin an AGW of 61.0760 grams.

20 Lire gold coin measured 133.3333 grams and contained  .916 fine gold. This resulted at an AGW 122.1520 grams.

50 Lira: The 50-lira gold coin weighted 333.3333 √ .916 fine gold. This gives an AGW of 305.3800 grams.

100 Lira gold coin weighs 666.6666 grams and contained .916 fine gold. This results in an AGW of 610.7600 grams.

The Significance of the Gold Lira Coin

The Italian Gold Lira

The Italian gold lira played a significant role in Italy’s economic growth, particularly during the 19th and early 20th centuries. It functioned as a standard currency that facilitated trade and commerce within Italy and abroad. The gold lira’s durability and stability was a desirable alternative for international trade in addition.

But, due to the growth of fascism and the advent of World War II, the Italian gold lira experienced several devaluations, eventually leading to its demise. In 1946 the gold lira had no longer in circulation and Italy changed to a new currency called the Italian lira, which was created using base metals.

The Ottoman Gold Lira

Regarding the Ottoman Empire, the gold Lira represented the wealth of the empire and power. In the past when it was in its prime, it was believed that the Ottoman Empire played a significant player in international trade, and the gold lira was a crucial role in the facilitation of transactions.

Furthermore, it was also the Ottoman gold lira served as a measure of value across the vast empire. It was widely used in regions throughout the empire, encouraging economic integration and economic cohesion.

The collapse of the Ottoman Empire after World War I led to the disintegration of its territories and the eventual demise of the gold lire. In 1923 in 1923, the Republic of Turkey was established and an entirely new currency, the Turkish Lira, was introduced to replace the gold Lira.

The Gold Lira Coin as a Collector’s Item

Today, the gold lira coin is highly sought-after collector’s item, both investors and numismatists admiring its historical significance, high gold content and rareness. The intricate designs and exquisite craftsmanship of Italian and Ottoman gold liras make them desirable for any collection.

When buying a gold lira coin, it’s important to consider factors such as purity, weight as well as condition and rarity. The actual gold weight (AGW) on the currency, as detailed in the previous sections is a good guide to determine the coin’s intrinsic value. But the historical significance and rareness of the gold lira coin can contribute to its value on the market which makes it a profitable investment option.

Tips for Collecting Gold Lira Coins

As a collector or investor seeking gold lira gold coins, there are several points to be considered prior to buying. Here are some guidelines to help you navigate the world of collecting gold lira coins:

The Legacy of the Gold Lira Coin

The gold lira’s history and value draw investors and collectors worldwide. Its history spans Italy and the Ottoman Empire, demonstrating the value of gold as a currency and store of value.

In understanding the qualities, history, and significance associated with the Gold Lira coin, investors and collectors can make informed choices when acquiring these timeless symbols of power and wealth. As a tangible symbol of history the gold lira minted coin remains an enduring reminder of the cultural and economic landscapes that shaped the world we know today.

Conclusion

In conclusion the gold lira currency no matter if Italian or Ottoman has been an integral part of the world of numismatics. With varying weights in grams and gold content in the coin, it was a symbol of strength and stability throughout the empires that it was associated with. As a collector’s item, it’s still highly valued due to the historical value, its craftsmanship as well as its intrinsic gold value. Knowing the history, features, and the weight of the gold lira coin lets investors and collectors make informed decisions when acquiring these rare and valuable pieces of art.

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