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500 Tögrög 1996 Summer Olympics - Archer

Issuer Mongolia
Year 1996
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Composition Gold (.9999)
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Obverse script Latin/Mongolian
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Reverse script Latin
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Additional information

Mongolia's 1996 Olympic commemorative program was issued ahead of the Atlanta Games, a deliberate push by Ulaanbaatar to generate hard currency through collector coin sales — a revenue strategy common among smaller nations with no realistic medal prospects in the sport depicted. Archery is not incidental here: Mongolian recurve archery has deep roots in Naadam, the national festival, though the discipline competed at Atlanta used modern Olympic recurve equipment with no direct lineage to the Mongolian tradition.

The .9999 fineness at under 1.2 grams places this squarely in the fractional bullion-commemorative category popular through the 1990s.

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