100 Tögrög Swan

Mongolia's commemorative program in the mid-2000s leaned heavily on wildlife subjects to appeal to thematic collectors, and this piece was struck by a European contract mint rather than domestically — Mongolia has never operated a functioning circulation mint of its own. The gold plating on copper-nickel was a cost-reduction approach that allowed the Bank of Mongolia to issue nominally gold-toned collectibles at price points accessible to the international novelty market without the overhead of a true precious-metal issue.