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| Issuer | Central Bank of Armenia |
|---|---|
| Year | 1994 |
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| Shape | Round |
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| Reverse description | A seated woman is depicted in the central field operating a traditional spinning wheel, rendered in high relief in a style closely derived from the vignette appearing on the 250 Rubles banknote issued by the Republic of Armenia in 1919. The figure is shown in traditional attire, engaged in the act of spinning yarn, symbolising Armenian cultural heritage and craftsmanship. An Armenian-script commemorative legend encircles the design, marking the 75th anniversary of the first Armenian dram banknotes. |
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| Reverse lettering | ՀԱՅԿԱԿԱՆ ԴՐԱՄՆԵՐ ԹՂԹԱԴՐԱՄԻ 75 ՏԱՐԻՆ (Translation: The Armenian dram 75 years or banknotes) |
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| Additional information |
Armenia's first commemorative silver issues appeared in 1994, just three years after independence from the Soviet Union, as the Central Bank sought to establish the dram as a credible currency following its introduction in November 1993 — itself a response to the collapse of the ruble zone. The country was simultaneously managing a crippling energy blockade and active conflict over Nagorno-Karabakh when these coins were authorized.
The 31.1g fine silver format places this squarely in the one-troy-ounce collector series that dominated sovereign mint output in the early 1990s, though Armenian issues from this period remain considerably less documented in Western auction records than comparable post-Soviet emissions from the Baltic states.