Al-Sultan al-Adil / Toqhtamish Khan / Khalad Mulkeh // Zarb Sarai al-Jadid 785 ("Struck in Sarai al-Jadid, in the year 785"). Dated to 785 AH/1383 AD. 16mm, 1.35 grams. Mint of Sarai al-Jadid. Sagdeeva #424.

The location of Sarai al-Jadid ("New Sarai") is not completely certain - the current consensus is that it was located near the site of Selitrennoe Gorodishche on lower Volga, in modern Russia.

Toqhtamish, who ruled the Golden Horde from 1378 to 1395, was one of its last powerful khans and is best known for briefly reuniting the fragmented state with the support of the Central Asian conqueror Tamerlane (Timur). A descendant of Tuqa-Timur, a son of Jochi, Toqhtamish rose to power after defeating rival claimants and asserting control over both the western and eastern parts of the Horde. He restored dominance over Russian principalities and famously sacked Moscow in 1382, reasserting Mongol authority. However, his alliance with Timur eventually collapsed, leading to a devastating series of defeats—including the decisive Battle of the Terek River in 1395—that shattered the Golden Horde’s power. Toqhtamish’s fall marked the beginning of the Horde’s irreversible decline and the rise of independent successor states.