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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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Russia Silver (14) and Copper (6) Coinage (1840-1916).
Mar 09, 11:00 AM EST
Russia Silver (14) and Copper (6) Coinage (1840-1916).
by Mitchell Auctions
Est: $0- $0
$559 Bids
Soviet Lynx Three Piece Proof Set 5oz Silver Rubles, 1 oz 3 rubles, 1/4 oz 50 rubles Gold w/ Coa
Feb 27, 5:00 PM EST
Soviet Lynx Three Piece Proof Set 5oz Silver Rubles, 1 oz 3 rubles, 1/4 oz 50 rubles Gold w/ Coa
by Richard L. Edwards Auctioneer
Est: $1- $5,000
$1557 Bids
Russia 1826 Silver 5 Kopeks (KM-C156, .0289 oz ASW).
Mar 09, 11:00 AM EST
Russia 1826 Silver 5 Kopeks (KM-C156, .0289 oz ASW).
by Mitchell Auctions
Est: $0- $0
$186 Bids
Russia 1924 Silver Rouble (KM-Y90.1, .5786 oz ASW).
Mar 09, 11:00 AM EST
Russia 1924 Silver Rouble (KM-Y90.1, .5786 oz ASW).
by Mitchell Auctions
Est: $0- $0
$206 Bids
A Russia Nicholas II Silver Rouble Pair (KM-Y59.3, .5786 oz ASW per coin)
Mar 09, 11:00 AM EST
A Russia Nicholas II Silver Rouble Pair (KM-Y59.3, .5786 oz ASW per coin)
by Mitchell Auctions
Est: $0- $0
$224 Bids
Russia Silver 50 Kopek Quartet
Mar 09, 11:00 AM EST
Russia Silver 50 Kopek Quartet
by Mitchell Auctions
Est: $0- $0
$354 Bids
Russia 1922 Silver 50 Kopeks (KM-Y83, .2893 oz ASW).
Mar 09, 11:00 AM EST
Russia 1922 Silver 50 Kopeks (KM-Y83, .2893 oz ASW).
by Mitchell Auctions
Est: $0- $0
$122 Bids
RARE 1985 Soviet 1 Ruble. Proof, book- $40 Scarce- Low Mintage
Feb 27, 5:00 PM EST
RARE 1985 Soviet 1 Ruble. Proof, book- $40 Scarce- Low Mintage
by Richard L. Edwards Auctioneer
Est: $1- $5,000
$22 Bids
Russia 1731 Denga (1/2 Kopek), KM-188.
Mar 09, 11:00 AM EST
Russia 1731 Denga (1/2 Kopek), KM-188.
by Mitchell Auctions
Est: $0- $0
$21 Bid
Russia 1884 Silver 10 Kopeks (KM-Y20a.2, .0289 oz ASW)
Mar 09, 11:00 AM EST
Russia 1884 Silver 10 Kopeks (KM-Y20a.2, .0289 oz ASW)
by Mitchell Auctions
Est: $0- $0
$21 Bid
5 Rubel
Mar 03, 11:00 AM CET
5 Rubel
by Auktionshaus Schwerin
Est: €0- €0
€801 Bid
5 Rubel
Mar 03, 11:00 AM CET
5 Rubel
by Auktionshaus Schwerin
Est: €0- €0
€801 Bid
Russia- Siberia. 1771 KM 5 Kopecks (KM-C5)
Mar 09, 11:00 AM EST
Russia- Siberia. 1771 KM 5 Kopecks (KM-C5)
by Mitchell Auctions
Est: $0- $0
$21 Bid
1540 Russian Ivan The Terrible Silver Denga Coin
Mar 02, 2:00 PM EST
1540 Russian Ivan The Terrible Silver Denga Coin
by Connoisseur Online
Est: $75- $150
$500 Bids
1906 RUSSIA 3 KOPEKS
Mar 08, 10:30 AM EST
1906 RUSSIA 3 KOPEKS
by Carroll's Auctioneers & Appraisers
Est: $90- $370
$150 Bids
1811 Russia 2 Kopek Coin
Mar 15, 9:00 AM EDT
1811 Russia 2 Kopek Coin
by Figlio Designs LLC
Est: $100- $200
$90 Bids
1880 Russia 5 KOPEKS COIN
Mar 15, 9:00 AM EDT
1880 Russia 5 KOPEKS COIN
by Figlio Designs LLC
Est: $100- $200
$90 Bids
Russia Russian Empire 1 kopeck 1841 CM Copper Coin Nickolas I
Mar 15, 9:00 AM EDT
Russia Russian Empire 1 kopeck 1841 CM Copper Coin Nickolas I
by Figlio Designs LLC
Est: $100- $200
$20 Bids
Foreign coins - RUSSIA URSS (1917-1991) 150 Rubli 1977 - Platino (g 15…
Mar 23, 2:00 PM CET
Foreign coins - RUSSIA URSS (1917-1991) 150 Rubli 1977 - Platino (g 15…
by Nomisma S.p.a
Est: €0- €0
€4000 Bids
Foreign coins - RUSSIA URSS (1917-1991) Chervonetz (10 Rubli) 1976 - F…
Mar 23, 2:00 PM CET
Foreign coins - RUSSIA URSS (1917-1991) Chervonetz (10 Rubli) 1976 - F…
by Nomisma S.p.a
Est: €0- €0
€4000 Bids
Prooflike Russia 1971 Five Kopeks (KM-129a, Fedorin-117). PCGS PL66.
Mar 09, 11:00 AM EST
Prooflike Russia 1971 Five Kopeks (KM-129a, Fedorin-117). PCGS PL66.
by Mitchell Auctions
Est: $0- $0
$20 Bids
Foreign coins - RUSSIA URSS (1917-1991) 150 Rubli 1977 - Platino (g 15…
Mar 23, 2:00 PM CET
Foreign coins - RUSSIA URSS (1917-1991) 150 Rubli 1977 - Platino (g 15…
by Nomisma S.p.a
Est: €0- €0
€4000 Bids
1682-1725 Russia 1 Kopek Peter I Silver Coin NGC Genuine
Feb 25, 7:00 AM PST
1682-1725 Russia 1 Kopek Peter I Silver Coin NGC Genuine
by BK Auctions
Est: $95- $110
$10 Bids

Sellers Who Sell Russian Coins


Key Date Coins

Key Date Coins

Nomisma S.p.a

Nomisma S.p.a

Smalls Auctions

Smalls Auctions