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500 Dram

Issuer Republic of Ararat
Year 2021
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Currency Dram
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Obverse lettering Արարատ Հանրապետություն
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Edge Plain
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Additional information

The Republic of Ararat is not a recognized sovereign state — it is a self-declared entity, and coins issued under its name are medallic fantasy pieces with no official monetary authority behind them. Sold primarily through third-party distributors to thematic collectors, these pieces carry denominations that exist on no exchange and circulate nowhere.

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