World Silver - 1720 (No Date) Russia Rouble, Peter I (the Great) NGC MS64


Peter traveled extensively throughout Western Europe in order to reform and modernize Russia. Since such reforms required considerable resources, he reformed the monetary system of Russia. Peter began with a devaluation. He replaced silver "wire" kopeks, which were produced by striking an irregular piece of silver with hammered dies with less expensive copper coins, employing a new technology. He brought European minting technology to the Russian empire and had minting equipment set up at the Moscow mint. The year 1725 saw Peter open a new mint in the capital of St. Petersburg. New and old coins circulated side by side for around twenty years, familiarizing the Russian citizenry with the equality of these coins and to the idea of using copper coinage.


More Information
PCGS # 682084
Grading Service NGC
Year of Issue NONE
Grade MS64
Denom Type World Coin
Numeric Denomination ROUBLE
Mint Location NONE
Designation NONE
Circ/UnCirc Uncirculated
Strike Type Business
Holder Variety KM-157.4
Grade Add On NONE
Holder Type N/A
Is on Sale No

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