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500 Tögrög Osprey

Issuer Bank of Mongolia
Year 2004
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Shape Round
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Obverse lettering Монгол Банк ᠮᠤᠩᠭᠤᠯ ᠤᠯᠤᠰ 500 TӨГРӨГ MONGOLIA 25 gr 925 SILVER
(Translation: The Bank of Mongolia Monggol Ulus (Mongolia) 500 Tögrög)
Reverse description A highly detailed depiction of an osprey (Pandion haliaetus) in the act of seizing a fish from the water's surface, with wings fully outstretched in dynamic flight. The bird is rendered in fine relief against a deeply mirrored proof field, with rocky shoreline elements visible in the lower right background. The curved legend along the upper rim identifies the species and conservation theme, while the date appears in the lower exergual area. The composition conveys naturalistic motion and is characteristic of the Endangered Wildlife commemorative series issued by Mongolia.
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Additional information

Mongolia's wildlife coinage program expanded significantly in the early 2000s as the Bank of Mongolia leaned into the collector market to generate hard currency — a common strategy among smaller economies with limited export leverage. The osprey issue appeared during this run, produced for the international numismatic trade rather than domestic circulation.

KM#318 was struck at a European contract mint, as Mongolian state minting capacity at the time could not support .925 silver collector issues to export quality standards.

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