Russian Peter The Great Wire 1700,Silver coin

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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: May 21, 2009
  • Channel: Auction House

For hundreds of years much of Russian commerce was based on these tiny silver coins called wire money. The coins were struck by taking a piece of silver wire, cutting it to the proper weight, then smashing it between a pair of dies by a strong-armed Russian. As might be expected, the coins are quite crude and are usually struck partly off-center.

The coin shows a horseman on one side and legends on the other. Peter the Great, the younger son of Alexis ruled Russia from 1689 to 1725. He was a great reformer, modernizing Russia and expanding its Navy, frontiers and prestige. One of his reforms was to abolish the wire coinage in favor of machine struck coins that were used in much of Europe. Thus he brought an end to this long series of crude silver coins.






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PYOTR ALEKSEYEVICH, PETER THE GREAT (1672-1725) czar of Russia , reigned jointly with his half-brother Ivan V (1682-96) and alone tafter (1696-1725) and who in 1721 was proclaimed emperor (imperator). He was one of his country's greatest statesmen, organizers, and reformers.

As a child, young Peter’s 25-year-old half sister Sophia was made regent after one of the frequent internal revolts.
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