200 Dram Noah's Ark

Armenia's Noah's Ark silver bullion program launched in 2011 as one of the few sovereign bullion series issued by a post-Soviet central bank with genuine international distribution ambitions. The coin found a ready market partly on the strength of the biblical narrative's specific geographic claim — Mount Ararat, the traditional resting place of the ark, is visible from Yerevan but has been inside Turkish territory since the 1921 Treaty of Kars, a territorial loss that still carries political weight in Armenia.

The .999 fine half-troy-ounce format was a deliberate choice to compete with the European fractional bullion market.