Russia 1977-MMA chervonetz
This specimen was lot 603 in Sincona sale 78 (Zürich, October 2022), where it sold for 600 CHF (about US$719 including buyer's fees). The catalog description[1] noted, "RUSSIA | Russian Empire and Federation | Union of Soviet Socialist Republics, 1917-1990, 10 Roubles 1977, Moscow Mint. Chervonetz. PCGS MS67." The first chervonetz was issued in 1923 as an attempt by the new Communist regime to win international respect by issuing a strong gold coinage. The coin was issued to the standard of the old czarist ten rubles (KM Y64, issued 1898-1911) but was a failure. Many years later, in 1975, the Russian government tried again with this coin, which was struck 1975-82 in some numbers and sold and traded as a bullion coin. None are known to have circulated at their nominal face value of ten rubles.
Recorded mintage: 350,000.
Specification: 8.60 g, 0.900 fine gold, .248 troy oz AGW.
Catalog reference: KM-Y85, Parchimowicz 287 f. Fr-181a.
- 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.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- [1]Richter, Jürg, SINCONA Auction 78, Russian Coins and Medals, The Grigoriy Stakhorsky Collection, Part 1 and other Properties, Zürich: SINCONA AG, 2022.
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