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1 Kopeck - Elizabeth ММД
| Issuer | Imperial Russian Mint |
|---|---|
| Year | 1755-1757 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Orientation | Coin alignment ↑↓ |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Cyrillic |
| Obverse lettering | ЕР ММД (Translation: EP MMD) |
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| Additional information |
Elizabeth's copper coinage of the mid-1750s was produced under a monetary reform inherited from the reign of Anna Ivanovna, which had dramatically reduced the copper ruble's weight standard to 8 rubles per pud — a deliberate debasement intended to generate seigniorage revenue for a perpetually strained imperial treasury. The ММД mint mark denotes the Moscow Mint at Kadashevsky, the primary facility for copper striking during this period.
These pieces circulated hard in a cash economy where copper was the only denomination most peasants ever handled. The three-year window of this type reflects ongoing instability in copper monetary policy that would culminate in the catastrophic overproduction scandals of the 1760s under Catherine II.