500 Tögrög Deer

Mongolia's wildlife coinage program has drawn consistent collector attention, but the deer issues occupy a particular niche — the Mongolian red deer, or maral, has cultural significance reaching back to the Bronze Age deer stones scattered across the steppe, carved monoliths that predate Genghis Khan by roughly two millennia. The 2022 issue falls within a broader regional trend of .999 fine silver wildlife coins produced largely for the numismatic export market rather than domestic circulation.

KM#432 was struck at a European facility under contract — Bank of Mongolia issues of this type are not produced domestically.