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25 Zarin Sergey Koblov

Issuer National Bank of the Republic of South Ossetia
Year 2025
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Currency Zarin
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Obverse description Against a deeply mirrored black field, the central device features the coat of arms of the Republic of South Ossetia within a beaded inner circle: a snow leopard passant set before a stylised mountain range. The arms are encircled by the Ossetian legend РЕСПУБЛИКÆ ХУССАР ИРЫСТОН and the Russian legend РЕСПУБЛИКА ЮЖНАЯ ОСЕТИЯ arranged around the inner ring. The denomination 25 ЗÆРИНЫ appears in large raised letters at the top of the field, while НАЦИОНАЛОН БАНК (National Bank) is inscribed in bold relief across the lower field. The date 2025, the Moscow Mint mark ММД, and the alloy specification Ag925 31,1 are placed below the central arms. The border is decorated with a continuous ring of ornamental rosette motifs in relief.
Obverse script Cyrillic
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Additional information

South Ossetia has no internationally recognized central bank in any functional sense — the territory operates almost entirely on the Russian ruble and has done so since the early 2000s. These issues from the "National Bank of the Republic of South Ossetia" are collector pieces with no domestic monetary circulation, produced for the numismatic market rather than any sovereign financial system. Sergey Koblov appears as one of a series of named individuals honored in this format, though biographical documentation in Western numismatic literature is essentially absent.

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