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50 Apsars 15th Anniversary of the Victory
| Issuer | National Bank of the Republic of Abkhazia |
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| Year | 2008 |
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| Engraver(s) | Japua B.R., Erokhin B.M. |
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| Obverse description | The obverse features the coat of arms of Abkhazia centrally positioned in the field, depicted as a shield bearing a stylized horseman and traditional Abkhazian ornamental devices. The denomination '50 ПСАР' (50 Apsars) is inscribed in large Cyrillic characters along the upper arc, with the fineness designation 'Au 999' appearing vertically along the left rim. The issuer inscription 'АПСНЫ АБАНК' (Bank of Abkhazia) is boldly rendered in Cyrillic across the lower field, above a decorative band of repeated text 'АБАНК АПСНЫ' forming a background pattern. The date '2008' is prominently displayed in the lower central field overlaying the patterned legend band. The coin exhibits a prooflike finish with deeply mirrored fields contrasting against the frosted devices. |
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| Obverse lettering | 50 ПСАР Au 999 АПСНЫ АБАНК 2008 (Translation: 50 Apsars Gold 999 The Bank of Abkhazia 2008) |
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| Additional information |
The 50 Apsars denomination exists within a currency that has no legal tender function outside Abkhazia's internationally unrecognized borders — the apsar was introduced in 2008 purely as a collector and prestige instrument, never entering circulation. The "Victory" referenced here is the 1992–93 Georgian-Abkhaz war, which ended with Abkhaz forces, backed by Russian volunteer units and North Caucasian fighters, expelling Georgian troops and the majority of the ethnic Georgian population from the territory.
That political reality — a state recognized by only a handful of UN members — gives these gold issues their peculiar character: sovereign in aspiration, numismatic in practice.