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50 Kip Buddha wheel

Issuer Bank of the Lao PDR
Year 1997
Type Non-circulating coin
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Obverse description The national arms of the Lao People's Democratic Republic occupy the central field, depicting the That Luang stupa set against a landscape of paddy fields, framed by a wreath of rice sheaves tied at the base with a ribbon bearing an inscription in Lao script. The legend THE LAO PEOPLE'S DEMOCRATIC REPUBLIC curves along the upper periphery in Latin script. The denomination 50 KIP appears in the lower exergue.
Obverse script Latin/Lao
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Additional information

Laos issued a wave of silver commemoratives through the 1990s targeting the collector and bullion markets almost exclusively — domestic circulation of silver coinage was never a practical consideration for one of Southeast Asia's poorest economies. The Lao PDR's numismatic program during this period was effectively managed as a foreign-exchange generating exercise, with issues distributed primarily through European and Asian coin dealers rather than through any domestic channel.

The Dharmachakra, the wheel referenced in this coin's catalog name, predates Buddhism itself as a symbol, originating in Hindu cosmology before being adopted to represent the Buddha's first sermon at Sarnath.

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