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25 000 Drams Monte Melkonian

Issuer Central Bank of the Nagorno-Karabakh Republic
Year 1998
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Reference(s) KM#1a
Obverse description Central design features the coat of arms of the Nagorno-Karabakh Republic, depicting a spread eagle with a crowned head, its wings raised and displaying radiating feathers, with a shield on its breast; the arms are encircled by a wreath of laurel and oak branches. The Armenian legend arcing around the upper interior of the arms reads the name and title of the republic, with the additional designation ԱՐՑԱԽ (Artsakh). Two olive branches flank the coat of arms in the outer field. The denomination 25000 appears below the central device, flanked by the fineness mark 999° to the right. The date 1998 is inscribed at the top of the field, and the Armenian legend ՔՍԱՆՀԻՆԳ ՀԱԶԱՐ ԱՐՑԱԽԻ ԴՐԱՄ (Twenty-Five Thousand Artsakh Drams) curves along the lower border.
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Obverse lettering 1998 ԼԵՌՆԱՅԻՆ ՂԱՐԱԲԱՂԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ ԱՐՑԱԽ 25000 999°
(Translation: Nagorno-Karabakh Republic Artsakh)
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Additional information

Monte Melkonian was an Armenian-American guerrilla commander who led forces in the Nagorno-Karabakh war before being killed by a grenade in June 1993. His death was a significant blow to Armenian military operations, and he was posthumously awarded the title of National Hero of Armenia. This coin was issued five years after his death by the Nagorno-Karabakh Republic, a state that has never achieved UN recognition — making its coinage a numismatic curiosity rather than a product of any internationally acknowledged monetary authority.

The KM#1a designation distinguishes the gold-plated silver version from the pure silver strike, suggesting the issue was produced in tiered formats to reach different price points in the collector market.

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