25 000 Tögrög Magnificent Argali

The argali (Ovis ammon) is the world's largest wild sheep and holds protected status in Mongolia under national conservation law, yet trophy hunting permits — controversially — remain available to foreign hunters willing to pay fees that channel funds back into wildlife management programs. The arrangement has been contentious for decades, drawing criticism from international conservation groups while Mongolian authorities defend it as pragmatic habitat funding.

KM#443 belongs to a broader Mongol Bank bullion and commemorative program that accelerated sharply after 2010, partly driven by demand from Chinese collectors across the southern border.