Nakhchivan is an exclave of Azerbaijan — separated from the main territory by a strip of Armenia — and its autonomous republic has periodically issued its own commemorative coinage distinct from Baku's national series. This piece is among a small cluster of gold issues authorized under that autonomous structure, a political arrangement dating to the 1921 Kars Treaty between Soviet Russia, Turkey, and the Transcaucasian republics.
Nakhchivan is an exclave of Azerbaijan — separated from the main territory by a strip of Armenia — and its autonomous republic has periodically issued its own commemorative coinage distinct from Baku's national series. This piece is among a small cluster of gold issues authorized under that autonomous structure, a political arrangement dating to the 1921 Kars Treaty between Soviet Russia, Turkey, and the Transcaucasian republics.