The coin is another character that the storyteller impersonates at the coffeehouse. The coin initially boasts about being a genuine gold coin, before confessing that it is, in fact, a counterfeit. It meditates on the irony of the fact that Europeans are fans of realist painting and yet have flooded Istanbul with fake money. It also argues that Istanbulites are all incredibly greedy and materialistic, even though they pretend not to be.
The timeline below shows where the character The Coin appears in My Name is Red. The colored dots and icons indicate which themes are associated with that appearance.
Chapter 19: I Am a Gold Coin
Chapter 21: I Am Your Beloved Uncle
...illustrations, including a depiction of Death, a tree, Satan, a horse, a dog, and a coin. Enishte considers telling Black he wants him to marry Shekure, knowing that they are planning... (full context)