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Pahlavi Dynasty
Mohammad Reza Shah
Āryāmehr
¼ Pahlavī
巴勒維王朝
穆罕默德·禮薩沙王
雅利安人之光
¼ 巴勒維
Item number: A3739
Reference number: KM#1198
Year: AD 1977 (MS 2536)
Material: Gold (.900)
Size: 16.3 x 16.4 x 0.4 mm
Weight: 2.15 g
Manufactured by: Central Bank of Iran, Tehran
Provenance: Fuchin Coin 2025
This is a gold coin issued in Imperial Year 2536 (AD 1977) under the rule of Mohammad Reza Shah Pahlavi of the Pahlavi Dynasty, with a denomination of one-quarter Pahlavi.
The obverse bears a left-facing portrait of Mohammad Reza, surrounded above by the inscription in Persian “محمّدرضا شاه پهلوی آریامهر شاهنشاه ایران” (Moḥammad-Reżā Shāh Pahlavī Āryāmehr Shāhanšāh-e Īrān), meaning “Mohammad Reza Pahlavi Shah, Light of the Aryans, King of Kings of Iran”. The title “King of Kings” (Shahanshah) may have originated in the Assyrian Empire, where it signified “the ruler of the rulers of the city-states”, and was transmitted to the Iranian world, becoming a standard royal epithet from the Achaemenid period onwards. The title “Light of the Aryans” was adopted by Mohammad Reza following his formal coronation in AD 1967, used alongside “King of Kings” as his second principal epithet, subordinate only to the latter. It was intended to promote an Iranian-centred Aryan nationalism in opposition to Islamic religious authority and Western political influence. Beneath the portrait appears the date “۲۵۳۶”, indicating Imperial Year 2536, equivalent to AD 1977. The Monarchial Calendar System (or Imperial Era) was introduced in AD 1971 to commemorate the 2,500th anniversary of the founding of the Persian Empire, marking the coronation of Cyrus the Great and highlighting both the antiquity of Persian monarchy and its modern achievements.
The reverse depicts the national emblem of Persia, namely a lion brandishing a curved sword with a rising sun behind it. The “Lion and Sun” has been a major Persian national emblem since the twelfth century, originally derived from an astrological motif— the sun passing through the sign of Leo—symbolising power, light and kingship. Over time, the emblem acquired multiple meanings: under the Safavid dynasty it represented the union of “state” and “religion”; under the Qajar dynasty it became a nationalist symbol embodying Persian cultural identity; by the Pahlavi period the sword-bearing lion and rising sun had become the core of the official coat of arms and national flag. Until the Islamic Revolution of AD 1979, the Lion and Sun remained the official emblem and flag motif of Iran; the design was abolished thereafter and replaced in AD 1980 by the current national emblem. The crest above is the Pahlavi crown, incorporating Sasanian decorative elements to assert the deep historical continuity of royal authority. Below the lion, on the horizon line, appears the Persian inscription “ربع پهلوی”, indicating the denomination “¼ Pahlavi”. The emblem is enclosed within a wreath composed of olive leaves on the left and oak leaves on the right, symbolising peace and strength.
Following its establishment in AD 1925, the Pahlavi Dynasty continued the late-Qajar movement towards the modernisation of the monetary system, consolidating the rial as the core of Iran’s legal tender. The monetary reforms of AD 1930 formally designated the gold “Pahlavi” to replace the older “toman” as the standard gold coin, issued in fractional and multiple denominations (¼, ½, 1 Pahlavi and higher multiples) defined by weight and purity. The Pahlavi was successively assigned legal values of twenty rials (or qirans) and later one hundred rials. Although it may have been intended as a reserve unit under a gold-based standard, economic instability during the late Great Depression led Iran, in AD 1937, to allow the price of gold to float freely. Thereafter, gold coins ceased to function as legal-tender currency and were minted primarily on occasions of political significance—coronations, national ceremonies and commemorative events—to project state authority and legitimacy. Gold coins bearing the title “Light of the Aryans” were struck only between AD 1974 and 1979, while coins dated in the Imperial Era were minted solely from AD 1976 to 1978. In AD 1979, following the Islamic Revolution, all imperial symbols were abolished and replaced with the “Bahar Azadi” gold coin.
In AD 1921, the Persian Cossack Brigade under the command of Reza Khan entered Tehran without resistance, overthrowing the unpopular Qajar regime. Reza Khan ascended the throne in AD 1925, founding the Pahlavi Dynasty. He initiated a broad programme of modernisation and officially adopted “Iran” as the country’s name. During the Second World War, his attempt to maintain neutrality prompted a joint British and Soviet intervention; he abdicated and went into exile in AD 1941, leaving the throne to his son, Mohammad Reza. The reign of Mohammad Reza Shah (Pahlavi II) spanned the Second World War and the Cold War, characterised by military modernisation, administrative centralisation and wide-ranging socio-economic reforms, most notably the “White Revolution”, which encompassed land reform, women’s suffrage, educational expansion and industrial development. He also sought to reinforce the legitimacy of his regime by reshaping Iran’s national narrative, most prominently through the AD 1971 celebration of the 2,500th anniversary of the Persian Empire, designed to emphasise the ancient continuity of Iranian monarchy. Growing dissatisfaction with his reforms and public concern over governmental corruption fuelled opposition among the clerical establishment, culminating in his overthrow during the Islamic Revolution led by Khomeini in AD 1979. He died in exile, bringing an end to the millennia-old Iranian monarchy.
Cuhaj, George S., editor, et al. Standard Catalog of World Coins, 1901–2000. 42nd ed., Iola: Krause Publications, 2015. (LM#)
Stephen Album, Michael L. Bates, Willem Floor, “COINS AND COINAGE,” Encyclopaedia Iranica, VI/1, pp. 14-41, available online at http://www.iranicaonline.org/articles/coins-and-coinage-. Accessed on 30 December 2012.
Britannica Editors. “Mohammad Reza Shah Pahlavi”. Encyclopedia Britannica, 22 Oct. 2025, https://www.britannica.com/biography/Mohammad-Reza-Shah-Pahlavi. Accessed 21 November 2025.