The khanates of that period had their own coins, the main mint place being located in Panahabad (Shushi).
Persian Empire, Fat’h Ali Shah, (1797-1834) silver Abbasid minted in 1797 in Panahabad (Shushi). Weight 4.36g, diameter 22.36mm.
From the end of the 18th till the beginning of the 19th century (1763-1806) Karabakh Khanate issued a silver coin called Abbasid and copper coin half Bisti. These were minted by Ibrahim Khalil Khan (1763-1806) and then Mehdi Qulu Khan Muzaffar (1806-1822). The mint place – Panahabad – is mentioned, thus suggesting that Karabakh Khanate was a land independent from any other power, particularly Azerbaijan, which didn’t even exist at that time.
Description of coins
The silver coins, Abbasids, carried inscriptions in Persian, the name of the ruler and mint place. Abbasids weighed 2,0-2,3g and were circulated in Persia as well as. 1 Bisti was equal to 20 Dinars.
Karabakh Khanate, Mehdi Qulu Khan Muzaffar (1806-1822), silver Abbasid minted in 1806-1814 in Panahabad. Weight 4.28g, diameter 22.0mm
After the signature of the Treaty of Gulistan, the above mentioned territories went under the rule of Russian Empire (1813). In 1868, they were included in the Elisabethpol (Elizavetpol) Governorate (Ganja). Thus, some khanates stopped minting coins, as the Russian Empire implemented centralized mintage system. This year, the Central Bank of Armenia enriched its collection with silver coins minted in Shuhsi. Some of them, Abbasids, were minted during the period of Karabakh Khanate.
Karabakh Khanate, no date, silver Abbasid minted in Panahabad. Weight 1.907g, diameter 23.12 mm
The material was prepared in cooperation with Gevorg Mughalyan, the numismatist of the Central Bank of Armenia.