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200 Apsars Peoples of the Caucasus

Issuer Bank of Abkhazia
Year 2023
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Technique Coloured, Milled
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Obverse lettering 200 ҦСАРК
2023
Ag 925 ММД
АҦСНЫ АБАНК
Reverse description The reverse presents a composite design featuring representations of all subjects from the 'Clothing and Weapons of the Peoples of the Caucasus' series, depicted in coloured relief. The figures are shown in traditional ethnic attire with associated weaponry, celebrating the cultural diversity of the Caucasus region. The polychrome colouring technique enhances the ethnographic detail of each figure's costume and armaments.
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Abkhazia's claim to issue currency rests on its 1999 declaration of independence, recognized by only a handful of UN member states — Russia, Nicaragua, Venezuela, Nauru, and Syria among them. The Bank of Abkhazia operates accordingly: its coins are not legal tender in any internationally recognized financial system, making them collector objects by definition rather than monetary instruments.

At 351.5 grams of .925 silver, this is a substantial casting program aimed squarely at the thematic bullion market, where Caucasian ethnographic subjects command consistent demand among Russian and Eastern European collectors.

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