YEREVAN, AUGUST 23, ARMENPRESS. (Press Release, Central Bank of Armenia) The Armenian Central Bank has issued the Admiral Isakov 125 collector coin.

Admiral Isakov (born Hovhannes Ter-Isahakyan 1894-1967)is a famous Armenian military commander, Soviet Union Navy Admiral(1955), Hero of the Soviet Union (1965).

Isakov graduated from the Tiflis realschule in 1913. In 1917 he left the Naval Guards School of Petrograd and in 1928 completed the excellence courses at the Naval Academy of Leningrad. The greater part of Isakov’s life was dedicated to service in the navy, where he held high positions. Isakov lectured at the Soviet Naval Academy since 1932 and was the Head of the Academy in 1938-1939. During WW2 Isakov played a crucial role in shaping the Soviet navy, particularly the Baltic and Black Sea flotillas.

Apart from commitment to naval affairs, Isakov was greatly involved in study of naval history and doctrine, took part in the compilation and editing of WW1 history conventions and worked on the development of naval regulations. In 1947 he was appointed as president of the editorial board of a three-volume work “The Atlas of the Sea”.

A cruiser of the Navy of the Russian Federation is named after Admiral Isakov, and there are streets in the Republic of Armenia and the Republic of Artsakh named after Isakov.

Obverse: the images of cruiser after Admiral Isakov, a star on the Admiral’s shoulder strap, a ship and an anchor.

Reverse: a portrait of Admiral Isakov, the images of the seafarer’s dirk and books.

Technical parameters

Face value        1000

Metal/fineness   silver 925⁰

Diameter         40,0

Weight            33,6

Quality            proof

Edge               ribbed

Quantity          500   

Designed by Vardan Vardanyan.

Minted in the Lithuanian mint.

Collector coins are made of precious metals and are issued to present to the society the national, international, historical and cultural, spiritual and other values of the country, to immortalize these values in the metal and to meet the demands of the numismatic market.

Like any other currency the collector coins have face value which makes them the means of payment. However, the face value of these coins is much lower that their cost price which includes the cost of the precious metal used for manufacturing of the coin, mintage and other expenses. Low face value and high cost price allow these coins to be considered as the items of collection and not the means of payment used in money circulation. The collector coins have also the sale price set by the Central Bank of Armenia.

As the items of collection the collector coins are issued in very restricted quantities and are not reissued.

Numismatists, collectors and all interested persons can buy the Armenian collector coins in the sales salon “Numismatist” which is in the building of the Central Bank of Armenia and is open for everyone.