The commemorative coins of the "Armenian Statehood" series depict several parts of the coat of arms of the Republic of Armenia. These parts relate to former dynasties and were used in their ancient coats of arms. This coin is based on the coat of arms of the Arshakouni dynasty (66-428). The dynasty of Arshakouni Kingdom is the Armenian branch of Partev. Trdat I is the founder of the dynasty.The dynasty of Arshakouni was favoured by constructive and improvable activity. The cultural and political life began to develop rapidly and grew considerably after the adoption of Christianity, in 301, and it was also focused on the prosperity of the national culture. The dynasty of Arshakouni was favored by the invention of the Armenian alphabet by the scolar Mesrop Mashtots (405). That event was the background of the national education, and the result is the creation of independent literature as well as translations from foreign languages.

The Arsacid Dynasty (Arshakuni Dynasty) ruled the Kingdom of Armenia from 54 AD to 428 AD. Formerly a branch of the Iranian Parthian Arsacids, they became a distinctly Armenian dynasty. Arsacid Kings reigned intermittently throughout the chaotic years following the fall of the Artaxiad Dynasty until 62 AD when Tiridates I of Armenia secured Arsacid rule in Armenia. An independent line of Kings was established by Vologases II of Armenia (Valarses/Vagharshak) in 180 AD. Two of the most notable events under Arsacid rule in Armenian history were the conversion of Armenia to Christianity by St. Gregory the Illuminator in 301 AD and the creation of the Armenian alphabet by Mesrop Mashtots in 405 AD.