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This silver dang was struck at the Sarai mint in 740 AH (1339?1340), during the reign of Özbeg Khan. It belongs to one of the monetary types issued during the golden age of the Golden Horde.
The dang was at that time the standard monetary unit of the khanate.
Özbeg Khan reigned from 1313 to 1341, a period during which the Golden Horde reached its political and economic peak. He established Islam as the official religion of the khanate while maintaining the stability of a vast multi-ethnic empire. In foreign affairs, he maintained close relations with the Mamluk Sultanate, particularly in the context of their shared rivalry with the Ilkhanids of Persia.
The city of Sarai, located on the banks of the Volga, experienced intense commercial activity at the time and served as a major crossroads between Eastern Europe, the Muslim world, and Central Asia. The Russian principalities remained tributaries of the Horde, while the abundant production of silver dangs reflected the economic prosperity and integration of trade across the khanate.