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Khanate of Kokand
Muhammad Malla Beg Khan
Pul
浩罕汗國
穆罕默德·馬拉·伯克汗
普爾
Item number: A3553
Year: AD 1861
Material: Copper
Size: 17.7 x 13.9 x 2.7 mm
Weight: 4.1 g
Provenance: Stephen Album Rare Coins 2025
This coin is a copper pūl struck under Muhammad Malla Beg Khan of the Kokand Khanate.
It is teardrop-shaped in form, with the obverse bearing the Persian inscription in Perso-Arabic script “محمد” (Muhammad), which is at once a sacred name and the ruler’s own. On the reverse, the lower inscription reads “ملا” (Malla), signifying “Malla”, while the upper inscription reads “خان” (Khan), meaning “khan” or “khan-ruler”. To the left is the inscription “۱۲۷۷”, corresponding to the Hijrī year 1277, equivalent to AD 1861, indicating the date of issue.
The pūl (from Arabic/Persian “پول”, meaning money or copper coin) was a common small-denomination copper coin in Central Asia and the wider Islamic world. Its origins may be traced to the Roman follis, a large copper coin sometimes silvered, which gradually depreciated and was later transmitted through the Byzantine Empire into the Arab Caliphate, where it became the fals, usually of low denomination. In different lands it appeared under variant names such as fils or falus. Another hypothesis links the term to the Ancient Greek “ὀβολός” (obolos), originally a unit of weight and later a small silver coin that eventually shifted to copper. The use of the pūl dates from the Abbasid Caliphate, after which it circulated widely across Central Asia, Persia, the Indian subcontinent, and Turkic regions. It served primarily as a medium for everyday petty transactions, being struck mostly in copper or base alloys. Its value was lower than that of silver or gold coinage, and it typically functioned within a tri-metallic system alongside the dinar (gold) and dirham (silver), providing liquidity for small-scale exchanges. Although different states and khanates produced pūls of diverse forms, weights, and inscriptions, their role as the smallest monetary unit remained constant.
The monetary system of the Kokand Khanate (AD 1709–1876) comprised three principal levels: gold tenga, silver dirham and tenga, and copper pūl. Among these, the silver tenga was the principal unit of account, widely used in Kokand and throughout the Fergana Valley, and generally reckoned as equivalent to several dozen pūls, though the exchange ratio varied by time and place. The pūls of Kokand were mostly struck in local mints, inscribed in Arabic or Persian, often naming the reigning khan or bearing Islamic formulae.
The Kokand Khanate was the dominant polity of the Fergana Valley in Central Asia. Tradition traced its rulers to the legacy of the Timurid Empire. Centred on Kokand city, it gradually consolidated control over neighbouring territories and, together with Bukhara and Khiva, formed the three great khanates of the region. Its political system followed Turko-Mongol traditions, with the khan exercising supreme power while relying on tribal nobles and religious leaders. Its population was ethnically diverse, including Uzbeks, Tajiks, Kyrgyz, and Sogdian-Persianised groups. The khanate reached its zenith in the first half of the nineteenth century, but its expansionist ambitions towards Kashgar brought it into conflict with the Qing Empire. To avoid war, during the Qianlong reign it nominally accepted Qing suzerainty and its rulers were conferred the title “beg”, meaning tribal chief in Turkic. From the mid-nineteenth century the Russian Empire advanced southward, gradually eroding Kokand’s power. Internal instability and frequent succession disputes further weakened it. In AD 1876, Russian forces fully occupied Kokand, abolished the khanate, and established the Fergana Oblast, thus ending Kokand’s independence.
Muhammad Malla Beg Khan, who reigned from AD 1858 to 1862, engaged in repeated military conflicts with the Bukhara Khanate, weakening its position and contesting influence over Transoxiana. At the same time, the Russian Empire advanced southwards, interfering in Kokand’s relations with steppe tribes, exerting pressure through trade and diplomacy, and seizing frontier fortresses. His reign marked both the assertion of Kokand’s power and the mounting external pressures that foreshadowed its decline.