50000 Lira Turkish Coin - Coin Community Forum

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Author	Replies: 6 / Views: 1,072
segarvie New Member United States 16 Posts	Posted 07/18/2021 3:21 pm I was trying to convert the lira to US Dollars and it wasn't making any sense so I figured maybe you guys may know a little about it. How much is 50000 lira worth in the US? Anything you may know about this coin would be amazing. Report this Post to the Staff

Spence Moderator United States 34450 Posts	Posted 07/18/2021 3:43 pm According to numista, it is worth around a buck in this condition: https://en.numista.com/catalogue/pieces6865.html Of note is that the old Lira was demonetized by six zeros in 2003/4. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
tdziemia Pillar of the Community United States 7968 Posts	Posted 07/18/2021 4:04 pm So, IF it were still legal tender, and because the current excnage rate is 1 new lira = $0.12, you have: 50,000 old lira x (1 new lira/1,000,000 old) x $0.12/ new lira = $0.006 So it's worth less than a cent in exchange value. Edited by tdziemia 07/18/2021 4:14 pm Report this Post to the Staff
spru Bedrock of the Community United States 12477 Posts	Posted 07/18/2021 4:36 pm As mentioned, this coin was demonitized and is no longer accepted in everyday transactions. I did read this, however, about converting old lira: Quote: From 1 January 2006 onwards, any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches. In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024 Report this Post to the Staff
andyg Pillar of the Community United Kingdom 1324 Posts	Posted 07/18/2021 4:41 pm As far as I know this type was only ever sold to collectors, it could not be found in everyday change. Report this Post to the Staff
Spence Moderator United States 34450 Posts	Posted 07/18/2021 5:28 pm Yes good point @andyg. This is listed as NCLT. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 07/18/2021 8:49 pm Turkey has suffered from really severe inflation. I travelled the length of Turkey along the Black Sea coast, way back ion 1970. At that time, the largest and heaviest circulating coin was a 2 1/2 Turkish Lira. Report this Post to the Staff
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