10 000 Dram Aquarius

Part of Armenia's zodiac series issued through the late 2000s, this coin was produced in a limited run intended primarily for the collector market rather than circulation. The series was struck at a period when Armenia's Central Bank was actively expanding its commemorative program, partly as a hard-currency revenue mechanism — a strategy common among smaller post-Soviet states whose collector coin programs generated more foreign exchange than their face values implied.

KM#180 is one of the harder zodiac entries to locate in original packaging, as the series was distributed unevenly across European and Armenian numismatic channels.