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50 Drams Bear

Issuer Nagorno-Karabakh Republic
Year 2021
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Value 50 Drams
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Obverse description The coat of arms of the Nagorno-Karabakh Republic occupies the central field, depicting a double-headed eagle displayed with wings spread, surmounted by a royal crown, and bearing an escutcheon on its breast charged with a mountain landscape and traditional architectural motifs. Radiating sunburst lines emanate from behind the eagle, filling the inner field. The lower portion of the design is flanked by sprigs of wheat on the left and grapevine with fruit on the right, with a decorative border encircling the composition. The outer legend reads NAGORNO-KARABAKH at the top in Latin script and REPUBLIC at the bottom, with the Armenian inscriptions ԼԵՌՆԱՅԻՆ ՂԱՐԱԲԱՂԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ and ԱՐՑԱԽ rendered in Armenian script on a banner across the centre.
Obverse script Latin/Armenian
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Additional information

The Nagorno-Karabakh Republic issued this coin during one of the most turbulent periods in its short existence — just months after the 2020 Azerbaijani offensive that stripped the unrecognized state of roughly two-thirds of its remaining territory. Coinage from this issuer after that point carries an almost archival quality: a government minting currency for a population and jurisdiction that were rapidly being dismantled by military and political force.

The republic itself ceased to exist in September 2023 following a renewed Azerbaijani military operation lasting under 24 hours.

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