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3 Dram
| Issuer | Central Bank of Armenia |
|---|---|
| Year | 1994 |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | The national coat of arms of the Republic of Armenia occupies the central field, depicting a quartered shield bearing the emblems of the four historic Armenian kingdoms, supported on the dexter by an eagle and on the sinister by a lion, with a sword, a broken chain, a sheaf of wheat, and a ribbon at the base. The country name ՀԱՅԱՍՏԱՆ (Armenia) is inscribed in Armenian script along the lower periphery as a curved legend beneath the coat of arms. |
|---|---|
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| Reverse description | The numeral '3' is prominently displayed in the upper central field, with the Armenian-script legend ԴՐԱՄ (Dram) inscribed directly below it. Two crossed olive branches frame the denomination, their stems crossing at the base and their foliate sprays extending upward to either side. The four-digit date 1994 appears in Arabic numerals within the lower portion of the wreath, between the crossed branch stems. |
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| Additional information |
Armenia's first coinage series was issued in 1994, just three years after independence from the Soviet Union, as the country was simultaneously fighting the Nagorno-Karabakh war and managing an economy in near-total collapse. The dram itself had only been introduced in November 1993, replacing the Russian ruble after Moscow cut off ruble zone access. Aluminium was not an aesthetic choice — it was a practical one, reflecting both the inflationary pressures on metal costs and the limited infrastructure of a newly sovereign mint operation.