25 Leva Summer Olympics

Bulgaria issued a series of silver commemoratives ahead of the 1992 Barcelona Games, this being among the earlier pieces in that run. The coins were produced at the Bulgarian Mint in Sofia and sold primarily through Balkantourist and state numismatic channels — hard currency exports that mattered more to the government's foreign exchange position than to any collector demand at home.

.925 silver at this weight put it firmly in the "investor-adjacent" commemorative category that flooded Western markets in the late 1980s, most pieces moving through Franklin Mint-style distribution networks with limited secondary market traction.