Russia 1980-MMA chervonetz

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Heritage sale 3064, lot 31637
Russia H3064-31637r.jpg

This specimen was lot 31637 in Heritage sale 3064 (Chicago, April 2018), where it sold for $1,320. The catalog description[1] noted, "U.S.S.R. gold Proof Chervonetz (10 Roubles) 1980-MMД PR70 Ultra Cameo NGC, Moscow mint. Flawless quality with extreme cameo contrast on both sides." 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: 900,000 plus 100,000 proofs.

Specification: 8.60 g, 0.900 fine gold, .248 troy oz AGW.

Catalog reference: KM-Y85, Fr-181a.

Source:

  • 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]Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3064, featuring the Doug Robins Collection of Canadian Tokens, Dallas, TX: Heritage Auction Galleries, 2018.

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