200 Tögrög Discovery of America - Columbus

Issued during a wave of Columbus quincentenary commemoratives that flooded world markets in 1992, Mongolia's entry was one of dozens of small-format gold pieces produced by mints across Europe and Asia for countries with no historical connection to the event whatsoever. The Bank of Mongolia contracted these issues largely as hard-currency earners during the country's painful transition away from the Soviet-era command economy — collector coins sold abroad for foreign exchange, not for domestic circulation.

The 3.11 g weight is not coincidental: it is a tenth of a troy ounce, the standard fractional bullion denomination favored by commemorative programs targeting Western coin investors.