This coin was issued in Mongolia.
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This coin is part of the "Mongolian Nature" collection, characteristic with the fact that the depictions are not in relief but are silhouettes cut away.
Th Mint says about it: Mongolian Nature launched in 2013 with the hugely successful Crying Wolf coin. The gilded silver coin did away with relief and portrayed a precision-cut wolf howling in front of a full moon. Subsequent issues stayed true to the series’ initial design concept and have portrayed charismatic Mongolian animals in the unprecedented, minimalist silhouette fashion that is immediately recognisable and has no equal in the world of modern numismatics.
New issues of "Mongolian Nature" were launched on an annual basis at the World Money Fair in Berlin. The final coin concluding the series was revealed in February of 2017 and shows the majestic silhouette of a Roaring Deer."
Mongolian Nature 2014 – Horse – CIT Coin Invest AG The Mint says about this coin:
more CIT Item ID: 26636 Country: Mongolia Date of issue: 2014 Denomination: 500 Togrog Material: Silver .925 Quality: BU Mintage: 2500 pcs |