Russia 1831-SP 6 rubles

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Sincona sale 77, lot 3024

This specimen was lot 3024 in Sincona sale 77 (Zürich, May 2022), where it sold for 24,000 CHF (about US$29,131 including buyer's fees). The catalog description[1] noted, "RUSSIA | Russian Empire and Federation | Nicholas I. 1825-1855. 6 Roubles Platin 1831, St. Petersburg Mint, SPB. Very rare, only 2,784 pieces struck. 25 roubles according to Ilyin. NGC MS63." This type is the second of the platinum denominations of three, six and twelve rubles. So far as is known, Russia is the only country ever to attempt to strike platinum for circulation with this series issued 1829-45. The experiment was not a success as the metal is as hard as nickel, making it difficult to strike, and its price kept dropping relative to gold, discounting the value of the coin. In fact, platinum was used extensively by counterfeiters in the nineteenth century to make fake gold coins as the metal has nearly the same density.

Recorded mintage: 2,784.

Specification: 20.71 g, platinum, .664 troy oz APW, this specimen 10.23 g.

Catalog reference: KM C178, Bitkin 57 (R2). Fr-159.

Source:

  • Bitkin, Vladimir, Composite Catalogue of Russian Coins, Part II (1740-1917), Kiev: Moneta, 2003.
  • Harris, Robert P., Guidebook of Russian Coins, 1725 to 1970, Santa Cruz, CA: Bonanza Press, 1971.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • [1]Richter, Jürg, SINCONA Auction 77, World Coins and Medals, Bullion Auction, Coins and Medals of Switzerland, Zürich: SINCONA AG, 2022.

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