100 Denari Alexander

Macedonia's National Bank issued this silver 100 Denari as part of a collector series tied to the country's post-Yugoslav monetary identity, established after the denar was reintroduced in 1992 following independence. The denomination itself carries political weight — the denar name was chosen deliberately to invoke the medieval currency of the medieval Macedonian lands, a pointed assertion of historical continuity that neighboring countries, particularly Greece, disputed vigorously throughout the 1990s.

KM#50 is a proof or proof-like issue; circulation strikes in this composition were never intended.