After the division of the lands among his sons by Genghis Khan, Khorezm was divided into two regions. The left-bank Khorezm with Urgench went to Jochi and became part of the Golden Horde. The left-bank Khorezm was one of the strongest and economically powerful provinces of the Jochids. It differed from other cities of the Golden Horde by its great autonomy and independence in monetary matters.
Types of Khorezmian coins differed from the coin types of other cities of the Jochi ulus. Khorezm coins of the Golden Horde era feature the Khorezm variant of the Kufic inscription. In terms of design, these coins were similar to the coins of Sarai, the capital of the Golden Horde. In 1313-1314, with the help of the future ruler of Khorezm, Kutlug Timur, the throne of the Golden Horde was occupied by Uzbek Khan. The Khorezmian rulers considered themselves so strong that in 1314-1317 they minted coins without Uzbek Khan's name. The change of khans of the Horde did not affect the coinage of the Khorezmian mint - they continued to produce anonymous coins. In 1360-1361, the next series of anonymous coins was issued, which suggests that Khorezm at that time became politically independent from the Jochi ulus.
In connection with the withdrawal of Khorezm from the Golden Horde in 1361, the Golden Horde monetary system ceased to exist in the region. In the 60-70s of the XIV century, anonymous coins of the Kungrad Sufis were minted in Khorezm.
You can learn more about the topic in the book-album "The Collection of the Ichan-Kala State Museum-Reserve" (Volume XLVII) in the series "Сultural legacy of Uzbekistan in the world collections".
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When did the minting of anonymous coins begin in Khorezm?
The history of Khorezmian coins during the Golden Horde period is connected with the Mongol conquest of Khorezm (1219-1221). Monetary circulation in the Golden Horde and Ancient Khorezm became a single system, which was reflected in the coinage.