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Khanate of Kokand
Muhammad Khudayar Khan
1 Pul
(1st Reign, Type 5)
浩罕汗國
穆罕默德·胡達亞爾汗
1 普爾
(第一期第五型)
Item number: A3557
Reference number: Ishanhanov#59、Craig#87
Year: AD 1849
Material: Copper
Size: 20.5 x 18.7 x 1.2 mm
Weight: 3.55 g
Provenance: Stephen Album Rare Coins 2025
This is a copper pūl coin struck under Muhammad Khudayar Khan of the Kokand Khanate.
The obverse bears a Persian inscription in naskh script, reading “ضرب خوقند لطیف” (zarb Khoqand latif), meaning “struck at beautiful Khoqand.” Between “ضرب” and “خوقند” appears the date “۱۲۶٥”, indicating the year AH 1265, corresponding to AD 1849. The inscription is enclosed within two concentric circles; outside of these there appears to be another marginal inscription, though it is too worn to be legible.
The reverse bears the inscription “فلوس جدید” (falus jadid), meaning “new fals” or “new copper coin.” This is also enclosed within two concentric circles, with a bold circle of pellets around the outer edge. Above the word “جدید” in the upper left appears the date “۱۲۶٥,” likewise denoting the year of issue.
The term pūl (پول), from Arabic/Persian, means “money” or “copper coin.” It was a common small-denomination copper coin throughout Central Asia and the Islamic world. It may ultimately derive from the Roman coin follis, originally a high-denomination copper coin, sometimes silvered, which later underwent debasement. Through the Byzantine Empire it passed into the Arab Caliphate as the fals, usually a small bronze denomination. In different regions, related forms such as fils and falus also developed. Another hypothesis traces its origin to the Ancient Greek “ὀβολός” (obolós), which was initially a unit of weight and later a small silver coin that gradually shifted to copper in circulation. The use of the pūl dates back to the Abbasid Caliphate and it subsequently became widespread across Central Asia, Persia, the Indian subcontinent, and Turkic lands. In the economy, the pūl primarily served as currency for everyday small transactions, typically struck in copper or base alloys. Its value was below that of silver and gold coins, usually functioning within a tri-metallic system alongside the dinar (gold) and the dirham (silver), providing means of payment for small-scale trade in local markets. Owing to the multitude of regional powers, pūls varied greatly in design, weight, and inscription, but consistently functioned as the “lowest unit of currency.”
The monetary system of the Kokand Khanate (1709–1876) consisted of three principal levels: gold and silver tenga coins, silver dirhams, and copper pūls. Among these, the silver tenga was the primary unit of account, widely circulated in Kokand and the Ferghana Valley, and exchangeable for several dozen pūls, though rates varied across time and place. Most pūls were struck at local mints, their inscriptions in Arabic or Persian, typically bearing the name of the khan or Islamic religious formulas.
The Kokand Khanate was the dominant polity in the Ferghana Valley of Central Asia, traditionally considered to descend from the Timurid line. Centred on the city of Kokand, it gradually unified surrounding territories and, together with Bukhara and Khiva, formed one of the three great khanates of the region. Its political system followed Turco-Mongol traditions, with the khan as sovereign, supported by tribal nobility and religious leaders. Society was ethnically diverse, comprising Uzbeks, Tajiks, Kyrgyz, and Sogdian-Persianised groups. The khanate reached its zenith in the first half of the nineteenth century, but its attempts to expand into Kashgar brought it into conflict with the Qing Empire. To avert war, it nominally became a Qing vassal during the Qianlong reign, its rulers receiving the title “beg,” denoting a Turkic tribal chief. In the nineteenth century, the southward expansion of the Russian Empire eroded its power. Combined with frequent successions, Kokand declined, and in AD 1876 the Russian army occupied the khanate, abolished the khanate itself, and established the Ferghana Oblast, thereby bringing the Kokand Khanate to an end.
Muhammad Khudayar Khan, son of Shir Ali Khan, ruled Kokand between AD 1845 and 1858, and again from 1863 to 1875. His reign was troubled by internal conflict and interference from the Emirate of Bukhara. With the advance of the Russian Empire into Central Asia, Kokand increasingly fell under Russian domination, and in AD 1876 it was formally abolished following Khudayar’s failure to suppress a popular uprising. In AD 1875, adopting a pro-Russian stance, he was forced into exile during the upheaval and fled to Orenburg in Russia. He later died in exile in Herat, Afghanistan, in AD 1882.