Silver Three Ounces 2018 Shakyamuni Buddha, Coin from Mongolia - detailed information

Silver Three Ounces 2018 Shakyamuni Buddha, Coin from Mongolia
CoinSilver Three Ounces 2018 Shakyamuni Buddha

The currency of Mongolia since 1925 has been the tögrög, which currently circulates mostly as banknotes due to the low value of earlier coins and the reluctance of the government to issue large denomination coins; however, the government has authorises many non-circulating legal tender (NCLT) coins to be issued for collector's purposes.

Collector coins are dedicated to historical or general popular culture themes and are often not related to the country itself. Many of them are in standard bullion sizes, including the large three ounces of silver format.

This coin is the first issue in the "Spiritual Art" collection, and the only one issued for Mongolia (the series later continued for the Cook Islands).

The Mint says about it:
One of the most imposing Buddha coins ever minted, CIT’s Shakyamuni Buddha weighs approximately three ounces and measures 55 mm in height. Of course, the most defining feature of the coin is the exquisitely detailed three dimensional smartminting strike in a shaped form. CIT have refined the smartminting technology in collaboration with B.H. Mayer Mint to resolve even more detail whilst increasing relief height and striking complex shapes.

MintCIT Coin Invest Mint MarkNo mint mark Total Mintage501
Obverse
Mongolia / Silver Three Ounces 2018 Shakyamuni Buddha - obverse photo

The obverse of the coin depicts the logo of Mongolbank (the Bank of Mongolia), which is formed as a round coin on a lotus bouquet associated with purity, delicacy and stability. Three fire flames and a blooming flower are located inside the coin. The figure symbolises eternal development and youth and the three flames represent the main national treasures. At the nominal value location the Soyombo symbol is positioned, representative of the Mongol ethnicity. There is a variation from the official logo: the name of the Central Bank of Mongolia is written below the figure as MongolBank in Latin script, and not as МонголБанк in Cyrillic which is the official script of the Mongolian language and the way the name is normally written on the logo.

On the the two sides of the logo, vertically, the inscription Mongol Uls in the traditional Mongolian script.

Below the logo, on two lines the face value: 2000 TӨГРӨГ (two thousand Tögrög, alternatively spelled Tugrik).

Around below, the name of the issuing country and the metal content: MONGOLIA 3oz .999 SILVER (three troy ounces of 99.9% silver).

Below the circle containing the logo and the inscriptions, Below, the unique serial number of the coin in the format [number]/501, below which the date of issue 2018.

Obverse Inscription 2000 TӨГРӨГ MONGOLIA 3oz .999 SILVER 2018
Reverse
Mongolia / Silver Three Ounces 2018 Shakyamuni Buddha - reverse photo

The reverse depicts, in very high relief, Shakyamuni Buddha, the central figure of the Buddhist religion.

Reverse Inscription (none)
EdgePlainEdge InscriptionNone
Notes

Finish: proof, smartminting (Ultra High Relief), special shape, gold plated.
CIT Item ID: 28433

See also

Coins in the Spiritual Art series include:
- 3 oz Gilded Silver, Mongolia, Shakyamuni Buddha, 2018
- 3 oz Gilded Silver, Cook Islands, Lord Ganesha, 2019
- 3 oz Gilded Silver, Cook Islands, The Madonna of Bruges, 2020
- 3 oz Gilded Silver, Cook Islands, Ravana - King of Demons, 2021
- 3 oz Gilded Silver, Cook Islands, Zeus - Father of the Gods, 2022

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Silver Three Ounces 2018 Shakyamuni Buddha: Details
CountryMongolia
CurrencyTögrög
Coin TypeSilver Three Ounces (3 oz)
Issued2018
EffigyBank of Mongolia Logo
Face Value2000 (x Tögrög)
Total Mintage501
CurrentYes
Material0.999 Silver
TechnologyMilled (machine-made)
ShapeIrregular
OrientationMedal Alignment (Axis 0)
Size43.0 - 55.0 mm
Mass93.300 g
OCC IDAPVZ-OYRC-DRDG-ELMD
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Silver Three Ounces 2018 Shakyamuni Buddha: Photos
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Coin, Mongolia, Silver Three Ounces 2018 Shakyamuni Buddha
Copyright: CIT Coin Invest
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Coin, Mongolia, Silver Three Ounces 2018 Shakyamuni Buddha
Copyright: CIT Coin Invest
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