500 Dram

Features

Issuer	Armenia
Issuing bank	Central Bank of Armenia (Հայաստանի Հանրապետության կենտրոնական բանկ)
Period	Republic (1991-date)
Type	Standard circulation banknotes
Year	1993
Value	500 Dram (500 AMD)
Currency	Dram (1993-date)
Composition	Paper
Size	135 × 65 mm
Shape	Rectangular
Issued	1993
Demonetized	1 September 2005
Number	N# 207841
References	P# 38a, 38b Standard Catalog of World Paper Money (10 volumes).

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Obverse

The tetradrachm of the King Tigran the Great, mountain of Ararat

Script: Armenian

Lettering:
ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅԱՆ ԲԱՆԿ

500
ՀԻՆԳ ՀԱՐՅՈՒՐ ԴՐԱՄ

Translation: Bank of Republic of Armenia, Five Hundred Dram

Designers: Hrachya Aslanyan, Ashot Manukyan

Reverse

Ornaments, an open book and feather

Script: Armenian

Lettering:
ՀԱՅԱՍՏԱՆԻ ՀԱՆՐԱՊԵՏՈՒԹՅԱՆ ԲԱՆԿ

500
ՀԻՆԳ ՀԱՐՅՈՒՐ ԴՐԱՄ

Translation: Bank of Republic of Armenia, Five Hundred Dram

Designers: Hrachya Aslanyan, Ashot Manukyan

Watermark

Crude outlined arms or refined arms, repeated vertically

Signatures

Isahak Isahakyan (II)	Governor
Levon Barkhudaryan (LB)	Finance minister

Printer

Giesecke+Devrient (Giesecke & Devrient), Leipzig, Germany (1852-date)

Comments

These 500 Dram banknotes issued in 1993 ceased to be legal tender in the Republic of Armenia from September 1, 2005.

UV activity on a P#38a note at 365nm:

UV activity on a P#38b note at 365nm:

When viewed under infrared there are differences between the two notes on the obverse only:

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Date	Signatures	UNC	References		Frequency
Undetermined
1993	II, LB	$ 19	P# 38a Standard Catalog of World Paper Money (10 volumes).	Serial prefix ԶԱ ZA; Watermark: Crude outline arms	59%
1993	II, LB	$ 19	P# 38b Standard Catalog of World Paper Money (10 volumes).	Serial prefix ԶԲ ZB; Watermark: Refined arms	39%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Katz Auction 87 Lot 342	21 Jun 2023	Undetermined	UNC	USD 32.31 (EUR 28.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 83 Lot 1704	20 May 2023	Undetermined		USD 76.16 (EUR 66.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.