The rarest coin of Peter's time
The Russian Emperor Peter I is known for his radical transformations in all spheres of state life: industry, science, the system of government, military affairs. Monetary reform was essential to support the ongoing transformation.
The first attempts at reform in this area were undertaken by Father Peter Tsar Alexei Mikhailovich. The reform was not well prepared and sparked a riot known as the Copper Riot.
The monetary reform of Peter the Great was thoroughly prepared. At the first stage, copper coins were minted as a fraction of a silver penny-scale. In 1700, copper coins were minted as fractions of a penny. 1/2 penny denga, 1/4 penny half half, 1/8 penny half half.
The release of copper coins in 1700 was preceded by extensive preliminary work, the result of which was the royal decree on the minting of new denominations of coins. It was announced in all public places, including churches and shopping areas. The government guaranteed their unhindered exchange for a silver coin.
All copper coins issued in 1700, were minted at the Naberezhniy Mint in Moscow. Silver coins of the European type began to be minted as early as the next 1701.
rare coin - 1700 half polush sold on Violity for 114,000. Half half was equivalent to 1⁄2 half, 1⁄4 money, or 1⁄8 kopeck. The coin is made of copper. The edge is smooth. According to the Bitkin catalog, it has a rarity R4. Pre-revolutionary catalogs estimate it as follows: Petrov - 200 rubles, Ilyin - 250 rubles, that is, 20 or 25 dozen of Nicholas II, respectively. Half half is equivalent to 1⁄2 half, 1⁄4 money, and therefore 1⁄8 kopeck.
The coin was poorly demanded by the market. The production of such a coin was unprofitable for the treasury. Therefore, the issue of 1700 and was no longer repeated in the history of Russia. On the obverse there is a double-headed eagle, on the reverse - the denomination and date of minting in Cyrillic numbers.
A unique coin witnessing history for the first time on Violiti. Collect history with Violiti.
Read also: Rare specimen: 1912 ruble sold on Violiti
The first attempts at reform in this area were undertaken by Father Peter Tsar Alexei Mikhailovich. The reform was not well prepared and sparked a riot known as the Copper Riot.
The monetary reform of Peter the Great was thoroughly prepared. At the first stage, copper coins were minted as a fraction of a silver penny-scale. In 1700, copper coins were minted as fractions of a penny. 1/2 penny denga, 1/4 penny half half, 1/8 penny half half.
The release of copper coins in 1700 was preceded by extensive preliminary work, the result of which was the royal decree on the minting of new denominations of coins. It was announced in all public places, including churches and shopping areas. The government guaranteed their unhindered exchange for a silver coin.
All copper coins issued in 1700, were minted at the Naberezhniy Mint in Moscow. Silver coins of the European type began to be minted as early as the next 1701.
Photo © auction.violity.com
rare coin - 1700 half polush sold on Violity for 114,000. Half half was equivalent to 1⁄2 half, 1⁄4 money, or 1⁄8 kopeck. The coin is made of copper. The edge is smooth. According to the Bitkin catalog, it has a rarity R4. Pre-revolutionary catalogs estimate it as follows: Petrov - 200 rubles, Ilyin - 250 rubles, that is, 20 or 25 dozen of Nicholas II, respectively. Half half is equivalent to 1⁄2 half, 1⁄4 money, and therefore 1⁄8 kopeck.
The coin was poorly demanded by the market. The production of such a coin was unprofitable for the treasury. Therefore, the issue of 1700 and was no longer repeated in the history of Russia. On the obverse there is a double-headed eagle, on the reverse - the denomination and date of minting in Cyrillic numbers.
A unique coin witnessing history for the first time on Violiti. Collect history with Violiti.
Read also: Rare specimen: 1912 ruble sold on Violiti
Photo © auction.violity.com
Photo © auction.violity.com
Photo © auction.violity.com
