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This silver dirham was struck in 624 AH (1227) at the mint of Sivas, during the reign of Kay Qubadh I. A notable feature is the mention of the Abbasid caliph Al-Mustansir, a common practice on Seljuk coinage reflecting the symbolic recognition of caliphal authority.
Kay Qubadh I is regarded as one of the greatest rulers of the Seljuk Sultanate of Rum. His reign corresponds to a period of political, economic and cultural zenith for this Anatolian state. He significantly extended his authority, particularly by developing the kingdom's Mediterranean ports, including Alanya, thereby strengthening maritime trade. In 1227, his power was at its peak: he consolidated the sultanate's borders, maintained diplomatic relations with the Empire of Trebizond and the neighbouring Armenian principalities, while preserving relative internal stability.
Sivas, the city where this coin was issued, was one of the principal administrative and commercial centres of Anatolia. Under the reign of Kay Qubadh I, it experienced significant urban and architectural development, reflecting the prosperity of the sultanate. The coinage produced in this city attests to its strategic role within the Seljuk commercial networks.