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7.77g Asarphi - Gyanendra Bir Bikram Mt. Everest
| Issuer | Nepal Rastra Bank |
|---|---|
| Year | 2003 |
| Type | Collector coin |
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|---|---|
| Obverse script | Nepali |
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| Reverse description | The reverse depicts the portraits of Sir Edmund Hillary and Tenzing Norgay Sherpa in high relief, shown in their mountaineering attire with goggles and cold-weather gear, commemorating their historic first ascent of Mount Everest on 29 May 1953. The legend CONQUEST OF MT. EVEREST curves along the upper periphery within a beaded border, while HILLARY and TENZING are inscribed to the left and right of the central figures respectively. The fineness mark .9999 GOLD and the issuing country NEPAL appear in the field flanking the portrait group. The commemorative dates 1953–2003, marking the fiftieth anniversary of the summit, are displayed in a rectangular tablet at the base of the design. |
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| Additional information |
Nepal's 2003 Asarphi gold issues were produced under Gyanendra Shah, who had assumed the throne in controversial circumstances following the 2001 royal massacre that killed King Birendra and eight other members of the royal family. Gyanendra's reign was politically turbulent from the start, running parallel to an intensifying Maoist insurgency that had been grinding through the country since 1996.
The .9999 fineness places this among Nepal Rastra Bank's highest-purity gold issues of the period — a specification driven by export and collector market expectations rather than domestic monetary demand.