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25 Dram Artsakh

Issuer Central Bank of Armenia
Year 1994
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Currency Dram (1993-date)
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Obverse description The Armenian National Coat of Arms occupies the central field, depicting a quartered shield supported by an eagle and a lion, with a sword and a branch below, all rendered in high relief against a mirror-polished proof field. The circular legend ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅՈՒՆ (Republic of Armenia) runs along the upper periphery in Armenian script. Below the arms, the numeral '25' appears in large characters, with the denomination ԴՐԱՄ inscribed beneath it, and the date 1994 positioned at the bottom of the field.
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Edge Reeded
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Additional information

Artsakh — the Armenian name for Nagorno-Karabakh — was in active armed conflict with Azerbaijan when this coin was issued in 1994, the same year a ceasefire was brokered in May. Armenia struck this piece effectively as a sovereignty claim in metal, asserting administrative identity over a territory that no internationally recognized state acknowledged as Armenian.

The KM#63 assignment places it firmly within the Armenian national series rather than any separate Artsakh issuing authority — the Central Bank of Armenia bearing sole responsibility for the emission.

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