Hamit Price

Hamit gold is an Ottoman-era full lira bearing the tughra of Sultan Abdulhamid II. In the Turkish bullion market these coins are known simply as "Hamit" or "Hamit lira". The coin is 22 karat, or 916 millesimal fine, with a gross weight of approximately 7.20 grams. It carries the sultan's tughra and Ottoman-script inscriptions on its faces. Alongside the Resat gold, it is among the best known examples of old tughra-bearing coinage, and jewelers commonly refer to it simply as Hamit.

The price of a Hamit coin has two components: the value of its fine gold content, calculated from the gram gold price, and a premium added on top. Because old tughra liras are no longer minted, supply is limited, so Hamit gold carries a collector premium above the Republic gold coin. The premium depends on the coin's condition, the legibility of the tughra and inscriptions, and supply and demand. When gram gold rises, Hamit prices move in the same direction, though the premium varies by region and jeweler.

Hamit gold appeals both to collectors and to traditional savers. It holds a deep-rooted place in wedding jewelry, particularly in Southeastern Anatolia, where many families prefer old tughra liras such as Hamit and Resat for the bride's gold set. Demand for these coins typically increases during the summer wedding season. Hamit coins passed down through generations as family heirlooms carry sentimental as well as material value, which is why they are often among the last assets a household chooses to sell.

When buying or selling Hamit gold, the bid-ask spread can be wider than for standard bullion products, since valuing the premium requires a jeweler's expertise. Given the risk of counterfeits and underweight pieces among old-dated coins, purchases should be made through trusted jewelers, with purity and weight checks requested where needed. Pierced, looped or heavily worn coins lose much of their collector premium and trade close to their fine gold value. Getting quotes from several jewelers before selling helps reveal premium differences.