Iran AH 1136 ashrafi KM-325.2

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Steve Album sale 54, lot 603

This specimen was lot 603 in Steve Album Auction 54 (Santa Rosa, CA, January 2026), where it sold for $1,440. The catalog description[1] noted, "HOTAKI: Mahmud Shah, 1722-1724, AV ashrafi, Kashan, AH1136, this type is much rarer for Kashan than the only other mint Isfahan, NGC graded AU55, RR." Wikipedia comments, "The Hotak dynasty (Pashto: د هوتکيانو ټولواکمني Persian: امپراتوری هوتکیان) was an Afghan monarchy founded by Ghilji Pashtuns that briefly ruled portions of Iran and Afghanistan during the 1720s. It was established in April 1709 by Mirwais Hotak, who led a successful rebellion against the declining Persian Safavid empire." Mahmud Shah was the third shah of the Hotaks but never controlled more than about half of Iran. His coinage and that of the other Hotaks are usually included with the Safavids even tho the Hotaks were Afghans and Sunni Muslims. This gold ashrafi was struck AH 1135-1136 (1137 = KM 329) at Isfahan and also Kashan mint.

Recorded mintage: unknown.

Specification: 3.50-3.55 g, gold.

Catalog reference: A-2712, KM-325.2.

Source:

  • Album, Stephen, Checklist of Islamic Coins, 3rd Ed. Santa Rosa, Stephen Album Rare Coins, 2011.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Hanbing Feng, Auction 54, featuring selections from the Kenneth A. Bovenkamp Collection of Ottoman Coins, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2025.

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