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500 Tögrög Millennium

Issuer Bank of Mongolia
Year 1998
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Value 500 Tögrög
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Reverse description A Mongolian warrior on horseback gallops dynamically to the right, depicted in fine relief with lance in hand, dressed in traditional armor and helmet, evoking the era of the Mongol Empire. The equestrian figure is set against a multicolor speckled holographic field that shimmers with iridescent color. A decorative border of interlocking Greek-key meander pattern encircles the upper and lateral portions of the design. The legend MILLENNIUM 2000 arcs along the lower periphery, with the date 1998 inscribed below in the exergue.
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Edge Reeded
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Additional information

Mongolia's 1998 millennium commemorative was issued two years ahead of the actual calendar turn — a common practice among smaller mints racing to capture collector spending before the market became saturated with year-2000 issues from larger sovereign programs. The Bank of Mongolia partnered with a foreign striking facility for much of its late-1990s commemorative output, as domestic minting infrastructure remained limited following the collapse of Soviet-era support structures.

KM#178 appears in relatively modest certified populations, suggesting limited original mintage or distribution confined largely to the European collector market through which Mongolian issues of this period were typically sold.

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