100 000 Tögrög Year of the Horse

The "Year of the Horse" sits in a broader Mongolian lunar calendar bullion program that the Bank of Mongolia launched in the early 2000s, producing oversized silver pieces aimed squarely at the collector and investment market rather than anything resembling circulation. At 3 kilograms of .999 silver in a single cast or struck disc, the logistics of production alone — likely contracted to an outside mint — made these among the more ambitious sovereign issues of that decade.