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| Issuer | Central Bank of the Nagorno-Karabakh Republic |
|---|---|
| Year | 1998 |
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| Currency | Dram (2003-2023) |
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|---|---|
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| Reverse description | The reverse presents a right-facing bearded bust of Monte Melkonian, the Armenian-American military commander and hero of the Artsakh war, rendered in fine relief against a mirror-proof field. To the left of the portrait, the dates 1957·1993 denote his birth and death years. Below the bust, three raised fists of varying sizes emerge from an olive branch, symbolizing resistance and struggle. The Armenian inscription ԱԿՈ ՀԱՅԱUՏԱՆ MԱՖЗOՒNQ appears to the right of the portrait, identifying the subject. A continuous Armenian legend encircles the entire composition along the rim, reading ՄՈՆԹԵ ՄԵԼՔՈՆՅԱՆ ՀԱՅԱUՏANԻ ԱԶGԱՅԻՆ ՀÉRO'Ն, honoring Melkonian as a national hero of Armenia. |
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| Edge | Reeded |
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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.