South Ossetia has no internationally recognized monetary system — it uses the Russian ruble in practice — making every coin issued under the "National Bank of the Republic of South Ossetia" a numismatic fiction rather than a circulating currency. These pieces are produced commercially for the collector market, almost certainly struck by a private European mint operating under a licensing arrangement rather than any sovereign authority.
KM# 10 places this among a small series of similar issues from the same source, none of which ever entered circulation.
South Ossetia has no internationally recognized monetary system — it uses the Russian ruble in practice — making every coin issued under the "National Bank of the Republic of South Ossetia" a numismatic fiction rather than a circulating currency. These pieces are produced commercially for the collector market, almost certainly struck by a private European mint operating under a licensing arrangement rather than any sovereign authority.
KM# 10 places this among a small series of similar issues from the same source, none of which ever entered circulation.