Ukraine 1999 10 hryven KM-87

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Steve Album sale 55, lot 3091

This specimen was lot 3091 in Steve Album Auction 55 (Santa Rosa, CA, May 2026), where it sold for $216. The catalog description[1] noted, "UKRAINE: Republic, AR 10 hryven, 1999, Spiritual Treasures of Ukraine Series - 500th Anniversary of Kyiv's Magdeburg Law, struck at the Ukrainian mint, Kyiv with COA of issue, Proof." Wikipedia comments,

"Magdeburg rights were a set of town privileges first developed by Otto I, Holy Roman Emperor (936–973), which regulated the degree of internal autonomy within cities and villages granted by the local ruler. Named after the city of Magdeburg and based on Roman municipal and universal merchant traditions, these town charters were perhaps the most important set of medieval laws in Central Europe. They became the basis for the German town laws developed during many centuries in the Holy Roman Empire. The Magdeburg rights were adopted and adapted by numerous monarchs, including the rulers of Bohemia, Hungary, Poland, and Lithuania, a milestone in the urbanization of the region which prompted the development of thousands of villages and cities."

The monument depicted on the obverse was erected in 1802 to commemorate the return of Magdeburg rights which were first granted back in the 15th century by Alexander Jagiellon. This denomination was used for numerous commemoratives in 1999, including KM 77, KM 85, KM 86, KM 87 (shown here), KM 88, KM 89, KM 90, KM 116, KM 117 and KM 118, all struck to the same module. The hryvnia was introduced in 1996 to supersede the karbovanets (1 hryvnia = 100,000 karbovantsiv). Its sign is "₴". At present (June 2026), US$1 = 45.07 hryven.

Recorded mintage: 5,000, from the Kyiv mint.

Specifications: 33.63 g, 0.925 fine silver, 38.61 mm diameter, reeded edge.

Catalog reference: KM-87.

Sources:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Hanbing Feng, Auction 55, featuring Selections from the Swamperbob Gurney Collection of Cap & Ray 8 Reales, the Kenneth A. Bovenkamp Collection of Ottoman Coins and the 1914 Collection of World Coins, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2026.

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