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50 Luma Horse
| Issuer | Nagorno-Karabakh Republic (Artsakh) |
|---|---|
| Year | 2013 |
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| Composition | Log in to see details |
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| Reference(s) | KM#26 |
| Obverse description | Central device depicts the coat of arms of the Nagorno-Karabakh Republic, featuring a stylised eagle with spread wings displayed, surmounted by a mural crown, with a radiant sunburst in the field behind. The legend 'NAGORNO-KARABAKH' arcs along the upper periphery in Latin script, with the Armenian inscriptions 'ԼԵՌՆԱՅԻՆ ՂԱՐԱԲԱՂԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ' and 'ԱՐՑԱԽ' arranged in two concentric arcs flanking the central shield, and the word 'REPUBLIC' appears along the lower periphery in Latin characters. |
|---|---|
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| Obverse lettering | NAGORNO-KARABAKH ԼԵՌՆԱՅԻՆ ՂԱՐԱԲԱՂԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ ԱՐՑԱԽ REPUBLIC |
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| Additional information |
Nagorno-Karabakh's coinage exists because the republic needed the trappings of statehood it could not obtain through diplomatic recognition. No UN member has ever formally recognized Artsakh, yet the republic issued aluminum circulation coinage anyway — a sovereign act performed for a domestic audience rather than an international one. Aluminum was the practical choice for a blockaded, economically isolated territory with no mint of its own; these were produced in Armenia proper.
KM#26 sits in a series that saw minimal actual circulation, with much of the mintage absorbed by collectors immediately.