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500 Manat Pallas Cat

Issuer Turkmenistan
Year 1996
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Currency Manat (1993-2009)
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Obverse description Left-facing truncated bust of President Saparmurat Niyazov occupying the central field, rendered in high relief with fine portrait detail. The circular legend is divided into two arcs: TÜRKMENISTANYÑ PREZIDENTI across the upper field and SAPARMYRAT NYYAZOW along the lower field. The portrait is unadorned and depicted in a contemporary realistic style consistent with official state portraiture of the period.
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Obverse lettering TÜRKMENISTANYÑ PREZIDENTI SAPARMYRAT NYYAZOW
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Additional information

Turkmenistan issued this coin just five years after declaring independence from the Soviet Union in 1991, during a period when the newly sovereign state was aggressively minting commemorative silver for the international collector market — a strategy common among post-Soviet republics with little hard currency reserves but access to established minting infrastructure. The Pallas cat (Otocolobus manul), native to the Central Asian steppe, was a deliberate choice to signal distinct national identity separate from Soviet-era iconography.

The 500 Manat denomination was essentially nominal; by 1996 Turkmenistan's currency had been so devalued that this face value bore no meaningful relationship to the coin's silver content or market price.

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