50 Tenge Constitution

Kazakhstan's constitution, adopted in 1995, was the product of a referendum held under contested circumstances — opposition groups and international observers raised serious doubts about the vote's legitimacy, and the document concentrated executive power in President Nazarbayev to a degree unusual even among post-Soviet states. The coin marking its twentieth anniversary was issued through a broader commemorative program that had been producing circulation-quality nickel silver pieces on Kazakhstani civic themes since the mid-2000s.

KM#323 is a circulation commemorative, not a proof issue — expect contact marks consistent with bank bag handling.