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This silver dirham was issued under the reign of Abu Sa'id Bahadur, ruler of the Ilkhanid dynasty, in 729 AH, corresponding to the years 1328-1329 of the Christian era. It was struck in Erzincan, a city in eastern Anatolia that was then part of the Ilkhanid Empire.
Abu Sa'id Bahadur (1305-1335) was the last Ilkhanid ruler to exercise effective authority over most of the territories of the Ilkhanate. His reign was marked by a relative political stabilisation following the unrest that had ensued after the death of Öljaitü in 1316. In 1323, he concluded a lasting peace with the Mamluks of Egypt, bringing an end to several decades of conflict between the two powers.
Despite this period of relative calm, rivalries among the great Mongol families and the empire's powerful emirs gradually undermined central authority. Upon Abu Sa'id's death in 1335, the Ilkhanate rapidly fragmented into several rival principalities.
Located along the major trade routes linking Anatolia, the Caucasus and Iran, Erzincan held a strategic position within the Ilkhanid Empire. Its active mint bears witness to the city's economic importance, as it served both as a regional administrative centre and as a crossroads of exchange between the Iranian world and the neighbouring Turcoman principalities.