Buy Turkish Lira online (1)

How to Buy Turkish Lira Online – The Ultimate Guide (Currency Collectors Edition)

  • Post last modified:September 14, 2023
  • Reading time:25 mins read
  • Post category:Economy / Tourism

Welcome fellow collectors! If you’re looking to add some beautiful and historic Turkish lira banknotes or coins to your collection, you’ve come to the right place. As an avid collector myself, I’ve learned the ins and outs of buying Turkish lira online safely and securely. So let me walk you through everything you need to know.

this article explores the rich history and production of Turkish lira banknotes and coins, providing helpful insights for new and experienced collectors. It aims to aid collectors in appreciating Turkish Lira and building their own special collections.

Buy Turkish Lira online (1)

A Brief History of Turkish Lira

The Turkish lira has a long and storied history dating back to the Ottoman Empire. The first modern lira banknotes were issued in 1923 after the founding of the Republic of Turkey. Since then, the lira has undergone several revaluations and emissions, each resulting in unique and collectible banknotes and coins. Some key things for collectors to know:

  • Old Turkish lira was used from 1923 to 2005
  • New Turkish lira replaced old lira starting in 2005
  • New lira was relaunched as just “Turkish lira” in 2009
  • Banknote designs feature portraits of Ataturk and other notable Turks
  • Coin designs depict cultural symbols like the Ankara Castle

So in your collection you may find old or new lira, and from different eras – all offering historical significance.

The lira was formally introduced as the main unit of currency in the Ottoman Empire in 1844, with the kuru┼č as a 1/100 subdivision. The Ottoman lira remained in circulation until 1927.

The first modern Turkish lira banknotes were then issued in 1923 after the founding of the Republic of Turkey. Since then, the lira has undergone revaluations and new editions, resulting in collectible and historic banknotes and coins.

Of note for collectors are the rare “Tughra overprints”, 1945 Victory issue notes, and inflationary Kurus era notes before the 2005 revaluation. The lira has also held unfortunate world records as the least valuable currency in the 1990s and early 2000s.

In December 2003, the Turkish Grand National Assembly passed a law to redenominate the lira by removing six zeros, creating the new Turkish lira (TRY). This was introduced on January 1, 2005 at a rate of 1 new TRY = 1,000,000 old lira.

In the transition period between 2005 to 2008, the new currency was officially called the “New Turkish Lira” (YTL) and subdivided into 100 new kuru┼č. In 2009, the “new” label was removed and it became just the “Turkish lira” (TL) again.

This revaluation produced a new series of banknotes and coins for collectors to seek out. It also ended the lira’s standing as the world’s least valued currency at the time.

So in your collection you may find both old and new Turkish lira, from before and after the 2005 revaluation, each with their own numismatic intrigue.

Old Turkish Lira

Who Prints Turkish Liras?

The Turkish Grand National Assembly, which has the unique right to print and circulate banknotes in Turkey, has delegated this ability to the CBRT in perpetuity.

Banknotes are created and printed in Turkey at the Banknote Printing Plant, a part of the Central Bank Of Turkey.

The Turkish Central Bank is one of the few central banks that has its own printing factory.

The CBRT not only prints and distributes banknotes, but it also decides the number of Turkish lira banknotes in circulation.

Turkish Lira Banknote Printing Process

The printing and distribution of Turkish lira banknotes is handled by the Issue Department and Banknote Printing Factory of the Central Bank of Turkey.

The complex printing process involves:

  • Graphic designers first creating the artistic and cultural elements to appear on the banknotes.
  • Producing the printing plates and procuring necessary materials like special paper and ink.
  • Using advanced machinery to print the banknote design, serial numbers, and security features onto the paper sheets.
  • Conducting quality control checks to ensure clean and error-free banknotes.
  • Cutting the printed sheets into individual banknotes.
  • Destroying any imperfect notes and bundling the rest for distribution.

The Central Bank then circulates the new lira banknotes via its branch network and banknote depots around Turkey.

So each beautiful Turkish lira banknote goes through a sophisticated printing and distribution process before finally reaching the hands of collectors like us! It makes you appreciate the work and craftsmanship that goes into each note.

Now let’s get back to building your own great collection.

Turkish Lira Coins Minting Process

The General Directorate of Mint and Stamp Printing House (Darphane in Turkish) is responsible for the minting of Turkish lira coins.

The coin minting process involves:

  • Designing the technical and artistic features of the coins based on legal authorization.
  • Using state-of-the-art minting machinery to produce circulation and commemorative coins.
  • Implementing updated designs and denominations during currency reforms.

For example, new Turkish lira coins were introduced in 2005 during the revaluation. In 2009 the “new” inscription was removed, returning to traditional Turkish lira coins.

Buying Turkish Lira Online

Turkish Lira Coins Alloy Specifications and Historical Information

The table includes information about various Turkish coins, including their type, diameter, thickness, weight, alloy composition, edge features, circulation dates, withdrawal dates, and an image reference.

Turkish Coins not In Circulation

From 1940 Until 1968

TypeDiameter (mm)Thickness (mm)WeightComposition (%)Edge FeatureCirculation DateWithdrawal Date
10 COINS171.222Cu 85 ÔÇô Al 10 ÔÇô Others 5Smooth19401950
┬Ż KURU┼×161.151.7Cu 70-Zn 30Smooth19471965
1 KURU┼×18.51.132.5Cu 75-Zn 25Smooth19351950
1 KURU┼×181.152.25Cu 70-Zn30Smooth19471965
1 KURU┼×140.781Cu 70-Zn30Smooth19611965
1 KURU┼×140.781Cu 95-Sn4-Zn1Smooth19631969
1 KURU┼×140.761Cu 97-Zn2,5-Sn 0.5Smooth19691976
1 KURU┼×1410.4Al 99.5-Fe 0.40-Other 0.1Smooth19751989
100 COINS18.751.132Cu 91-Al 9Milled19241939
2 ┬Ż KURU┼×211.153.15Cu70-Zn 30Smooth19481965
5 KURU┼×22.51.464Cu 91-A 19Milled19241939
5 KURU┼×21.51.324Cu 75-Zn 25Milled-Inscribed19351952
5 KURU┼×161.242.25Cu 70-Zn30Inscribed19501968
5 KURU┼×171.262.5Cu 95-Sn4-Zn 1Smooth19581969
5 KURU┼×171.22Cu 97-Zn 2.5Smooth19701976
5 KURU┼×170.71.35Cu 97-Zn 2.5Smooth19741976
5 KURU┼×171.50.9Al 99,5-Fe 0,4-Other0.1Smooth19751989
10 KURU┼×27.21.857.5Cu 91-Al 9Milled19201938
10 KURU┼×25.51.46Cu 75- Ni 25Milled19351951
10 KURU┼×18.11.32.5Cu 70-Zn 30Inscribed19491968
10 KURU┼×211.264Cu 95-Sn 4-Zn 1Smooth19581969
10 KURU┼×211.153.5Cu 97-Zn 2.5Smooth19691976
10 KURU┼×210.852.5Cu 97-Zn 2.5Smooth19691976
10 KURU┼×211.51.35Al 99.5-Fe 0.4-Other 0.1Smooth19691989
25 KURU┼×29.51.761Ni 99.5-Other 0.5Milled19241938
25 KURU┼×191.13Ag 83-Cu 14,5-Ni9-A 16Milled-Inscribed19351949
25 KURU┼×19.51.43Cu 80- Zn5-Ni 9-A 16Milled-Inscribed19441949
25 KURU┼×22.61.334.5Cu 70-Zn 30Inscribed19481968
1924 1938 25 kurus

From 1966 until 2010

DenominationDiameter (mm)Thickness (mm)Weight (g)CompositionEdgeYears Minted
25 KURU┼×22.61.274Acmonital-52Milled-Inscribed1966-1989
25 KURU┼×22.61.575Acmonital-52Milled-Inscribed1959-1989
50 KURU┼×201.354Ag 60-Cu 40Milled1947-1960
50 KURU┼×24.61.486Ag 83-Cu 14.5 Ni 2.5Milled-Inscribed1935-1949
50 KURU┼×251.556Acmonital-52Milled1971-1989
100 KURU┼×291.861.2Ag 83-Cu 14.5 Ni 2.5Milled1934-1942
1 LIRA251.57.5Ag 60-Cu 40Milled1947-1960
1 LIRA271.457.5Cu 70-Ni 30Milled1957-1965
1 LIRA271.768Acmonital-52Milled1959-1982
1 LIRA271.577Acmonital-52Inscribed1968-1982
1 LIRA171.81.1Etial-30Smooth1981-1990
2 1Ôüä2 LIRAS302.1912Acmonital-52Inscribed1960-1989
2 1Ôüä2 LIRAS301.649Acmonital-52Inscribed1969-1989
5 LIRAS32.51.7511Acmonital-52Milled1974-1982
5 LIRAS211.81.7Etial ÔÇô30Milled1981-1990
5 LIRAS2121.7Etial ÔÇô30Milled1984-1989
10 LIRAS251.82.4Etial-30Milled1981-1990
20 LIRAS22.91.87Cu 75-Ni 16-Zn 8-Mn 1Smooth1984-1990
25 LIRAS26.92.22.8Etial-30Milled1985-1990
50 LIRAS26.71.89Cu 75-Ni 16-Zn8-Mn 1Milled1984-1995
50 LIRAS18.751.43.3Cu 70-Zn 30Milled1988-1995
100 LIRAS29.61.811Cu 75-Ni 16 Zn 8-Mn1Milled1984-1995
100 LIRAS20.751.44.1Cu 70-Zn 30Milled1988-1995
500 LIRAS23.751.66.1Cu 70-Zn 30Milled1988-1998
1,000 LIRAS25.51.88.1Cu 69.5-Zn 18-Ni 12-Mn 0.5Milled1990-1998
1,000 LIRAS171.83Cu 90-Zn 10Milled1995-1998
2,500 LIRAS27.251.89.3Cu 69.5-Zn 18-Ni 12-Mn 0.5Inscribed1991-1998
5,000 LIRAS28.752.110.3Cu 69.5-Zn 18-Ni 12-Mn 0.5Inscribed1992-1.02.2001
5,000 LIRAS19.52.66Cu 70-Zn 30Milled1995-1.02.2001
DenominationDiameter (mm)Thickness (mm)Weight (g)CompositionEdgeYears Minted
5,000 LIRAS19.51.63.5Cu 70-Zn 30Milled1998-1.02.2001
10,000 LIRAS23.52.99.75Cu 69.5-Zn 18-Ni 12-Mn 0.5Inscribed-Milled1994
10,000 LIRAS23.52.16.75Cu 69.5-Zn 18-Ni 12-Mn 0.5Inscribed1997
25,000 LIRAS262.711Cu 69.5-Zn 18-Ni 12-Mn 0.5Inscribed1995
25,000 LIRAS171.62.7Cu 70-Zn 30Smooth2001
50,000 LIRAS282.511.7Cu 69.5-Zn 18-Ni 12-Mn 0.5Inscribed1996
50,000 LIRAS17.751.73.2Cu 65-Ni 18-Zn 17Smooth2001
100,000 LIRAS252.05.75Cu 82.5 Ni 10 Zn-7.5Milled1999
100,000 LIRAS211.85.4Cu 65-Ni 18-Zn 17Smooth2001
250,000 LIRAS23.52.64Cu 65-Ni 18 Zn 17Inscribed2002
25,000 LIRAS171.62.7Cu 70, 30 ZnSmooth2003
50,000 LIRAS17.751.653.2Cu 65-Ni 18-Zn 17Smooth2003
100,000 LIRAS211.754.6Cu 65-Ni 18-Zn 17Smooth2003
250,000 LIRAS23.52.64Cu 65-Ni 18 Zn 17Inscribed2003
1 NEW KURU┼×171.62.7Cu 70-Zn 30Smooth2005-1.01.2010
5 NEW KURU┼×171.72.9Cu 65-Ni 18 Zn 17Smooth2005-1.01.2010
10 NEW KURU┼×19.251.73.85Cu 65-Ni 18 Zn 17Smooth2005-1.01.2010
25 NEW KURU┼×21.51.955.3Cu 65-Ni 18 Zn 17Milled2005-1.01.2010
50 NEW KURU┼×23.851.956.9Cu81-Ni4-Zn15 Cu75-Ni15-Zn10Wide Milled2005-1.01.2010
1 NEW TURKISH LIRA26.151.958.3Cu75-Ni15-Zn10 Cu81-Ni4-Zn15Spaced Milled2005-1.01.2010

Turkish Coins In Circulation

DenominationDiameter (mm)Thickness (mm)Weight (g)CompositionEdgeYears Minted
1 KURU┼×16.51.352.2Cu90-Zn10Smooth2009ÔÇô
5 KURU┼×17.51.652.9Cu65-Ni6-Zn29Smooth2009ÔÇô
10 KURU┼×18.51.653.15Cu65-Ni6-Zn29Smooth2009ÔÇô
25 KURU┼×20.51.654Cu60-Ni14-Zn26Milled2009ÔÇô
50 KURU┼×23.851.966.8Cu75-Ni15-Zn10 Cu81-Ni4-Zn15Wide Milled2009ÔÇô
1 LIRA26.151.988.2Cu81-Ni4-Zn15 Cu75-Ni15-Zn10Inscribed2009ÔÇô
Turkish Lira and kurus Coins

Choosing Between Banknotes and Coins

As a collector, your first choice is whether you want to collect Turkish lira banknotes, coins, or both. Here’s a quick rundown:

Banknotes

  • Wide variety of denominations from 1 to 200 lira and up
  • Multiple design series and security features
  • Condition is key – ranges from uncirculated to very worn

Coins

  • Denominations from 1 kuru┼č up to 1 lira
  • Silver and gold bullion coins also available
  • Again, condition is very important for pricing

For many collectors, Turkish lira banknotes offer the most diversity and appeal. But coins have their advantages too. My advice is to consider collecting both!

Famous Figures on Turkish Lira Banknotes

The beautiful Turkish lira banknotes feature portraits of important historical and cultural figures who made significant contributions to Turkish society.

Mustafa Kemal Atat├╝rk, the founder of the Republic of Turkey, appears on the front of every banknote denomination.

Some highlights:

  • 5 TL – Ayd─▒n Say─▒l─▒:┬áPioneer of academic history of science, leading scholar on medieval Islamic science.
  • 10 TL – Cahit Arf:┬áRenowned mathematician, known for Arf invariant and Arf rings in algebraic geometry.
  • 20 TL – Mimar Kemaleddin:┬áInfluential architect who synthesized classical Ottoman and German styles.
  • 50 TL – Fatma Aliye:┬áTurkey’s first woman philosopher and novelist.
  • 100 TL – Buhurizade Mustafa Efendi:┬áComposer considered founder of Turkish classical music, created seminal religious and secular works.
  • 200 TL – Yunus Emre:┬áRevered 13th century poet and mystic, helped spread Islamic spirituality through Turkish verse.

So when you collect Turkish lira banknotes, you’re also collecting the heritage of Turkey’s greatest minds and talents. It makes completing your collection even more culturally rewarding.

Finding Reliable Sellers Online

Now that you’ve decided what type of Turkish lira you want to collect, it’s time to find reputable and reliable dealers. Here are some dealer types and marketplaces I recommend:

One great source I recommend for finding Turkish lira is Gokce Koleksiyon, a well-established currency dealer based in Turkey. Gokce Koleksiyon has been operating since 1990, selling Ottoman and Turkish coins and banknotes through their shop and online auction site.

You can also browse and purchase from their eBay store.

Their wide inventory spans many desirable collectibles like rare Ottoman notes and coins from the last six sultans, early Turkish Republic banknotes, foreign currencies, stocks and bonds, postcards, and more. Gokce Koleksiyon guarantees authenticity and has excellent customer service, making them a trusted choice. Their website is a great place for collectors to browse and directly buy Turkish lira or consign your own banknotes for auction.

When buying from reputable sellers like Gokce Koleksiyon, you can be confident in growing your high-quality Turkish lira collection.