50 Tögrög

Mongolia's 1994 aluminum coinage series was issued following the country's painful transition from Soviet-planned economy to market system, a shift that collapsed the tugrik's purchasing power and sent inflation above 300% in 1992 alone. Low-denomination circulating coinage from this period was struck cheaply and in volume precisely because face value and intrinsic value were both effectively negligible.

KM#123 is among the least documented of the post-Soviet Mongolian issues — mintage figures have never been officially confirmed in Western references.