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Turkish State Mint
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Turkish State Mint (Turkish: Darphane ve Damga Matbaası Genel Müdürlüğü) is the state mint of the Republic of Türkiye, operating under the Ministry of Treasury and Finance, with a coin-striking tradition dating back to the Ottoman Empire. Its best-known product is the 22-carat Cumhuriyet Altını gold coin (in the Ata and Ziynet versions) — legal tender in Türkiye.
Turkish State Mint coins are struck in 916.6 fineness and come in weights from the quarter coin (Çeyrek) to the fivefold coin (Beşlik). At GoldInvest24 you will find them alongside current precious metals prices. See also our gold coins and gold bars.
Turkish State Mint — the state mint of Türkiye and its Cumhuriyet gold coins
Turkish State Mint (Turkish: Darphane ve Damga Matbaası Genel Müdürlüğü, the General Directorate of the Mint and Stamp Printing House) is the official state mint of the Republic of Türkiye, operating under the Ministry of Treasury and Finance. Its best-known bullion product is the 22-carat Cumhuriyet Altını gold coin, legal tender in Türkiye, struck in 916.6 fineness.
History — from the Ottoman mint to the mint of the Republic
The tradition of coin striking in the territory of today's Türkiye goes back thousands of years — it is one of the oldest minting regions in the world. The direct predecessor of today's institution was the Ottoman mint in Istanbul, which struck the coins of the Ottoman Empire for centuries.
After the founding of the Republic of Türkiye in 1923, the mint came under state administration and continued to strike circulation coinage and republican gold coins. Today the Turkish State Mint is responsible for striking circulation coins, commemorative coins and Cumhuriyet gold coins, as well as producing revenue stamps and other state securities.
Turkish gold coins hold a special place in the country's culture — for generations they have been a traditional gift at weddings and important family celebrations, as well as a popular form of storing wealth among Turkish people.
Cumhuriyet Altını — Ata and Ziynet
The flagship product of the Turkish State Mint is the Cumhuriyet Altını — the "gold coin of the Republic". It comes in two main design families with the same fineness but different motifs and slightly different weights:
- Ata Lira — bearing the portrait of Mustafa Kemal Atatürk, founder of the modern Republic of Türkiye. This is the most recognisable version of the coin.
- Ziynet — a decorative variant of slightly lower weight, traditionally used as a jewellery element and a ceremonial gift.
Both families are struck in weights marked with Turkish names: Çeyrek (quarter), Yarım (half), Tam (full), İki Buçukluk (two and a half) and Beşlik (five). This allows the buyer to choose a coin suited to their budget — from the small quarter coin to the large fivefold coin.
Fineness, weights and legal status
All Cumhuriyet gold coins are struck in 22 carat (916.6 fineness) — the same standard as the Krugerrand or the British Sovereign. The 22-carat alloy is harder and more scratch-resistant than pure 999.9 gold, which is why circulation coins have been struck in this fineness for centuries. The table below shows the standard weights of the Meskük (struck) type:
| Denomination | Gross weight | Fineness | Pure gold (approx.) |
|---|---|---|---|
| Çeyrek (quarter) | 1.804 g | 916.6 | approx. 1.654 g |
| Yarım (half) | 3.608 g | 916.6 | approx. 3.307 g |
| Tam (full) | 7.216 g | 916.6 | approx. 6.614 g |
| İki Buçukluk (2.5) | 18.040 g | 916.6 | approx. 16.536 g |
| Beşlik (5) | 36.080 g | 916.6 | approx. 33.071 g |
The Ziynet version has a slightly lower weight (full Tam approx. 7.016 g). Because the Cumhuriyet coins are gold bullion coins above 900 fineness, legal tender in Türkiye and struck after 1800, they are exempt from VAT within the European Union (under Directive 2006/112/EC art. 344). Current quotations are available on the GoldInvest24 precious metals prices page.
Cumhuriyet Altını compared with other 22-carat coins
The Cumhuriyet Altını belongs to the family of historic circulation gold coins struck in 916.6 fineness — similar to the Krugerrand (South Africa) and the Sovereign (United Kingdom). The overview below shows the position of the Turkish coin compared with recognised coins of the same fineness:
| Coin | Manufacturer | Fineness | Feature |
|---|---|---|---|
| Cumhuriyet Altını | Turkish State Mint | 916.6 | many weights, Atatürk portrait (Ata), status in Türkiye |
| Krugerrand | Rand Refinery / SA Mint | 916.7 | oldest bullion coin, springbok |
| Sovereign | The Royal Mint | 916.7 | St George and the dragon, CGT-free in the UK |
| Britannia (older years) | The Royal Mint | 916.7 (until 2012) | Britannia with a trident |
| Maple Leaf | Royal Canadian Mint | 999.9 | for comparison — pure gold, maple leaf |
The Cumhuriyet coins stand out above all through their wide range of weights and their strong roots in Turkish culture. On the European market they are less common than the Krugerrand or the Sovereign, which makes them an interesting addition to a collection of circulation gold coins.
Where to buy Turkish State Mint gold coins?
GoldInvest24 is a precious-metals dealer offering bullion coins from recognised mints, including Turkish State Mint gold coins. Purchase is possible online with courier delivery or personal collection. The offer also includes:
- Gold coins — classic bullion coins of the world
- Gold bars — the full range of weights from LBMA refineries
- Silver coins — including bullion series with a low premium
- Silver bars — various formats and manufacturers
Why GoldInvest24
GoldInvest24 is a precious-metals dealer with many years of experience in the physical trade of gold and silver. We deliver Turkish State Mint coins and products of other mints in insured shipping and discreet packaging. See the full range of gold coins and the current precious metals prices.
Choose Turkish State Mint gold coins at GoldInvest24 — compare weights and premiums and order directly online. Insured courier delivery.
FAQ — Turkish State Mint
What is the Turkish State Mint?
Turkish State Mint (Turkish: Darphane ve Damga Matbaası Genel Müdürlüğü) is the state mint of the Republic of Türkiye, operating under the Ministry of Treasury and Finance. It strikes circulation coins, commemorative coins and Cumhuriyet gold coins, and its tradition dates back to the Ottoman mint in Istanbul.
What is the Cumhuriyet Altını?
The Cumhuriyet Altını is the "gold coin of the Republic" — a 22-carat gold bullion coin of the Turkish State Mint and legal tender in Türkiye. It comes in the Ata version (with the portrait of Atatürk) and the Ziynet version (decorative), in weights from Çeyrek (quarter) to Beşlik (five).
What fineness do the Cumhuriyet coins have?
The Cumhuriyet coins are struck in 22 carat, that is 916.6 fineness — the same standard as the Krugerrand or the British Sovereign. The 22-carat alloy is harder and more scratch-resistant than pure 999.9 gold, which is why it is traditionally used for circulation coins.
How much gold does the full Tam coin contain?
The full Tam coin (Meskük type) weighs 7.216 g gross at 916.6 fineness, which corresponds to about 6.614 g of pure gold. The quarter coin Çeyrek weighs 1.804 g (approx. 1.654 g pure gold) and the half coin Yarım 3.608 g (approx. 3.307 g pure gold). The Ziynet version has a slightly lower weight.
Are the Cumhuriyet coins VAT-exempt?
Yes. The Cumhuriyet coins are gold bullion coins above 900 fineness and legal tender in Türkiye, so within the European Union they are exempt from VAT — under Directive 2006/112/EC (art. 344).
What is the difference between Ata Lira and Ziynet?
The Ata Lira bears the portrait of Mustafa Kemal Atatürk and is the most recognisable version of the coin. Ziynet is a decorative variant of slightly lower weight, traditionally used as jewellery and a gift. Both have the same 916.6 fineness and legal-tender status.
How can I buy Turkish State Mint gold coins at GoldInvest24?
You can order Turkish State Mint coins at GoldInvest24 online, with insured courier delivery or personal collection. The price depends on the current gold rate and the chosen weight — you will find current quotations on the precious metals prices page and available items with each product in the shop.
