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Russian Coins

Russian coins originated with a system called the grivna, a mostly silver standard that was used for nearly five centuries in western Russia and eastern Europe. The term applied more to ingots than to coins, although some coins entered the region through trade. The modern Russian coinage system, the ruble, derived from the grivna: rubles, from the Russian verb "to chop," were originally cut away from ingots to pay for smaller amounts. Rubles became the official currency of Russia in 1704 when Peter the Great reordered monetary standards.

There is a very interesting and rare type of ruble that was minted during an interregnum period in 1825 known as the Constantine ruble. The existence of these coins was classified as a state secret in Russia until 1886 and only eight are confirmed to still exist. There also exists a high-quality reproduction called the Trubetskoy ruble, which was created in the 1860s. Trubetskoy rubles are considered highly rare and desirable despite being forgeries. Only three are known to exist today.

In Soviet Russia, the ruble experienced a strange fate for a currency: it became a non currency, more resembling food stamps than an actual market currency. This was due to the nature of the Soviet Union's planned economy, where only a small range of goods could be purchased at prices set by the government. Because of this, rubles could not be exchanged on the foreign market and were illegal to export. The ruble survived the fall of the Soviet Union in 1992, and today's ruble coins possess interesting features like bimetallic issues and holographic windows.


Quick Facts

  • The ruble was the first decimal-based system of currency in the world. It has survived to the present day through multiple revolutions and governmental reorganizations
  • A 1740-pattern silver ruble sold at auction for just under $4 million in 2012. It holds the record for the fifth most expensive coin ever sold, minted during the brief one-year reign of the child emperor Ivan VI
  • The Catherine the Great Sestroretsk ruble minted in 1771 is the largest coin ever made out of solid copper. It is larger in circumference and thickness than a regulation hockey puck

Recommended Items at Auction

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AN ANTIQUE RUSSIAN ALEXANDER III 1889 5 GOLD RUBLES
Oct 30, 10:00 AM EDT
AN ANTIQUE RUSSIAN ALEXANDER III 1889 5 GOLD RUBLES
by Antique Arena Inc
Est: $100- $150
$1252 Bids
TWO 7.5 ROUBLES GOLD COINS
Nov 04, 10:00 AM CET
TWO 7.5 ROUBLES GOLD COINS
by Hargesheimer Kunstauktionen Düsseldorf
Est: €800- €1,600
€8001 Bid
WWII GERMAN OCCUPATION CURRENCY RUSSIA SERBIA
Oct 28, 9:00 AM EDT
WWII GERMAN OCCUPATION CURRENCY RUSSIA SERBIA
by Affiliated Auctions & Realty LLC
Est: $50- $100
$101 Bid
A silver Yad
Nov 12, 10:00 AM CET
A silver Yad
by Czerny's International Auction House
Est: €100- €200
€1001 Bid
10 ROUBLES
Nov 04, 10:00 AM CET
10 ROUBLES
by Hargesheimer Kunstauktionen Düsseldorf
Est: €400- €800
€4001 Bid
Gold coin, 10 ruble 1 Tscherwonez
Oct 28, 11:00 AM CEST
Gold coin, 10 ruble 1 Tscherwonez
by Henry's Auktionshaus AG
Est: €250- €1,000
€2401 Bid
15 ROUBLES
Nov 04, 10:00 AM CET
15 ROUBLES
by Hargesheimer Kunstauktionen Düsseldorf
Est: €750- €1,500
€7500 Bids
1 ROUBLE COMMEMORATING 300 YEARS OF THE ROMANOV DYNASTY
Nov 04, 10:00 AM CET
1 ROUBLE COMMEMORATING 300 YEARS OF THE ROMANOV DYNASTY
by Hargesheimer Kunstauktionen Düsseldorf
Est: €120- €240
€1200 Bids
1 ROUBLE
Nov 04, 10:00 AM CET
1 ROUBLE
by Hargesheimer Kunstauktionen Düsseldorf
Est: €150- €300
€1500 Bids
1 ROUBLE
Nov 04, 10:00 AM CET
1 ROUBLE
by Hargesheimer Kunstauktionen Düsseldorf
Est: €120- €240
€1200 Bids
Russia magnifying glass box decorated with a double-headed golden eagle "old Russia New York" S
Oct 31, 10:00 AM CET
Russia magnifying glass box decorated with a double-headed golden eagle "old Russia New York" S
by Goldfield Auction
Est: €400- €600
€4000 Bids
Russia empera on wood, preserved under riza Sizes: H=370mm L=320mm Weight (K): 1,9kg
Oct 31, 10:00 AM CET
Russia empera on wood, preserved under riza Sizes: H=370mm L=320mm Weight (K): 1,9kg
by Goldfield Auction
Est: €300- €600
€3000 Bids
Vladislav Kunakov (Russia, b 1960) oil painting
Nov 14, 11:45 AM EST
Vladislav Kunakov (Russia, b 1960) oil painting
by Broward Auction Gallery
Est: $360- $450
$2000 Bids
30 old coins, Russia, 18th, 19th
Nov 05, 10:00 AM CET
30 old coins, Russia, 18th, 19th
by Historia Auktionshaus
Est: €0- €0
€1200 Bids
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1 Rubel 1913 Nikolai II. / Michail I
Oct 29, 11:00 AM CEST
1 Rubel 1913 Nikolai II. / Michail I
by Auktionshalle Cuxhaven
Est: €0- €0
€50 Bids
1 Markka - Aleksandr II
Oct 27, 6:00 PM EDT
1 Markka - Aleksandr II
by Weatherham Estate Treasures
Est: $100- $130
$700 Bids
Ɵ GIBBON, E. MISCELLANEOUS WORKS, WITH MEMOIRS OF HIS LIFE AND WRITINGS. 2 VOLS., 1796
Nov 17, 10:30 AM GMT
Ɵ GIBBON, E. MISCELLANEOUS WORKS, WITH MEMOIRS OF HIS LIFE AND WRITINGS. 2 VOLS., 1796
by Dreweatts 1759 Fine Sales
Est: £200- £300
£1200 Bids
EARLY RUSSIA STAMP 
Nov 01, 12:30 PM EDT
EARLY RUSSIA STAMP 
by Museum of Culture and Arts, Inc
Est: $70- $280
$100 Bids
AN ANTIQUE RUSSIAN BRONZE MATCH HOLDER BEAR
Oct 30, 10:00 AM EDT
AN ANTIQUE RUSSIAN BRONZE MATCH HOLDER BEAR
by Antique Arena Inc
Est: $100- $150
$100 Bids
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Russian and Bulgarian Medal Collection [138370]
Oct 31, 8:00 AM PDT
Russian and Bulgarian Medal Collection [138370]
by Holabird Western Americana
Est: $300- $500
$1500 Bids
1900 Russian Gold 5 Roubles UNCIRCULATED
Oct 25, 5:30 PM CDT
1900 Russian Gold 5 Roubles UNCIRCULATED
by Gold Standard Auctions
Est: $100- $10,000
$50 Bids
IMPERIAL RUSSIAN 900 GOLD 5 RUBLE COIN, CZAR NICHOLAS II
Oct 28, 5:00 PM IDT
IMPERIAL RUSSIAN 900 GOLD 5 RUBLE COIN, CZAR NICHOLAS II
by The Bidder
Est: $400- $500
$2250 Bids
Order of S, Anna, Grand Cross Plaque - Russia, empire, mid 19th century
Oct 25, 3:00 PM CEST
Order of S, Anna, Grand Cross Plaque - Russia, empire, mid 19th century
by Bertolami Fine Art
Est: €4,000- €4,500
€3,4000 Bids

Sellers Who Sell Russian Coins


Helios Auctions

Helios Auctions

Hargesheimer Kunstauktionen Düsseldorf

Hargesheimer Kunstauktionen Düsseldorf

Carroll's Auctioneers & Appraisers

Carroll's Auctioneers & Appraisers

Galerie Moenius

Galerie Moenius