Artsakh — the Armenian name for Nagorno-Karabakh — was in active armed conflict with Azerbaijan when this coin was issued in 1994, the same year a ceasefire was brokered in May. Armenia struck this piece effectively as a sovereignty claim in metal, asserting administrative identity over a territory that no internationally recognized state acknowledged as Armenian.
The KM#63 assignment places it firmly within the Armenian national series rather than any separate Artsakh issuing authority — the Central Bank of Armenia bearing sole responsibility for the emission.
Artsakh — the Armenian name for Nagorno-Karabakh — was in active armed conflict with Azerbaijan when this coin was issued in 1994, the same year a ceasefire was brokered in May. Armenia struck this piece effectively as a sovereignty claim in metal, asserting administrative identity over a territory that no internationally recognized state acknowledged as Armenian.
The KM#63 assignment places it firmly within the Armenian national series rather than any separate Artsakh issuing authority — the Central Bank of Armenia bearing sole responsibility for the emission.