Preliminary identification

Persian Gold 1/2 Toman Coin, Qajar Dynasty, c.1909-1925

Photo reference

2 uploaded photos

Overview

This is an authentic Persian gold coin, likely a 1/2 Toman denomination, minted during the late Qajar dynasty. It features the iconic Lion and Sun (Shir-o-Khorshid) motif on the obverse, a symbol of Persian identity dating back to antiquity, holding a sword within a laurel wreath. The reverse displays the denomination and Islamic calendar date surrounded by a decorative floral border.

Story

Struck during a period of intense political transition in Persia, this coin carries the ancient Lion and Sun symbol. It survived the fall of the Qajar dynasty in 1925, serving as a portable piece of wealth through decades of geopolitical shifts.

Maker / Origin

Minted under the authority of the Qajar Shahs (most likely Ahmad Shah Qajar, the last ruling member of the dynasty), these coins were produced at the central mint in Tehran. The Qajar rulers struggled to modernize Persia's economy, making these gold issues scarce survivors of a turbulent monetary system.

Condition & Value

The coin shows moderate circulation wear, with softening to the high points of the lion design and the reverse calligraphy. There are minor surface scratches and edge nicks consistent with age, but no major damage or signs of being mounted as jewelry. This honest wear places it in a standard collectible grade.

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps
Regional auction· Jun 2024
$1,280

Signed example with light edge wear and original frame.

Dealer archive· Mar 2024
$1,450

Comparable format with stronger provenance and cleaner surface.

Marketplace sale· Jan 2024
$980

Smaller related piece with visible craquelure and trimmed margins.

Estate platform· Oct 2023
$1,150

Period match with softer condition and weaker subject matter.

Auction result· Aug 2023
$1,375

Close market lane comp with similar material and presentation.