After the collapse of the Soviet Union in 1991, Armenia once again became an independent nation. The newly independent Republic of Armenia began issuing its own paper currency and coins.
Some of the most distinctive bullion coins today is the Noah's Ark 500 dram 1 oz silver coin.
The Armenian central bank began issuing this coin as a silver bullion coin that depict the Biblical stories of Noah and his Arc. The Armenian Mint utilizes the private minting company Geiger Edelmetalle AG for the production of their silver and gold bullion coins.