Russia 1977 Chervonetz 10 Rouble - 8.6026g GOLD COIN

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Russia 1977 Chervonetz 10 Rouble - 8.6026g GOLD COIN Description This is a Russian 1977 Chervonetz 10 Rouble coin = -8.6026 grams of .900 Gold Coin is in uncirculated condition and is free of any wear or damage. Solid! U.S. shipping is $8.95. Priority International Shipping to Canada is $19.50 and Priority International Shipping to all other international locations is $29.50. We only ship non-US shipments via Priority Mail due to eBay/Paypal policies and for tracking purposes. We combine shipping to save. Chervonets is a former currency of the Russian Empire and Soviet Union. Originally a term for coins of purer alloy (the name derives from the Russian word meaning "pure gold",) the name was later applied to various sums in Russian rubles. Before the reign of Peter I, the name chervonets was applied to various foreign gold coins in circulation in Russia, mostly Dutch ducats and sequins. In 1701, Russia introduced its own gold chervonets, which had the same mass (3.47 g) and alloy (.986) as the ducat. Chervontsy were minted until 1757 when they were displaced by the golden ruble (with a lower alloy) and by counterfeits of the Netherlands ducat, which by then met the demand for trade in gold coins. In 1922, during the civil war, the Soviet government tried to enforce Communist economic ideals and eliminate debt through systematic devaluation of the rouble and its associated currencies. Meanwhile, the authorities introduced a parallel currency, called chervonets, which was fully convertible and backed by the gold standard. These coins contained 8.6 g of .900 alloy, and fetched a high rate on the foreign stock exchanges, allowing the financing of the Soviet Union's New Economic Policy. Before industrialisation the value of the chervonets was pegged at 10 rubles, and production of the gold coins ceased. In 1937, Lenin's portrait first appeared on chervonets banknotes. The chervonets was suspended entirely after the monetary reform of 1947. However, a large number of golden chervontsy were restruck to the 1920s design before the 1980 Summer Olympics in Moscow, for the interest of collectors and businesses. Original gold chervonetz coins were minted in 1923 and 1925. Very few chervonetz coins remain from 1923 and recently been selling for over $7000. There is wide misconception about the 1925 issue. All English sources copy each other and say that only one gold chervonetz from 1925 survived although this is not entirely true. On an auction in April 2008 in Moscow, a single surviving production sample copper chervonetz from 1925 with slightly modified design from 1923 appeared. It now showed the letters SSSR (Russian: ) instead of RSFSR (Russian: Ф), and introduced a new coat of arms (that one only featured the first seven soviet republics, whereas by 1939 the USSR had 15). This copper sample sold for $200,000. As of today, there exists five known gold chervonetz from 1925. All are located in Moscow, Russia. Three are stored in the museum of Goznak, Russia's official mint. The other two are located in the Pushkin State Museum of Fine Arts. Payment and Shipping Info We GLADLY COMBINE SHIPPING --- the more you buy the more you save!!!! PLEASE BE SURE TO INCLUDE THE EBAY ITEM NUMBER AND/OR DESCRIPTION WITH ALL CORRESPONDENCE. GEORGIA RESIDENTS MUST ADD 7% (OR APPROPRIATE COUNTY) SALES TAX. Items ship within 10 days of receipt of payment (usually quicker). Insurance is at option of buyer and buyer is responsible for all uninsured items. read more

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