10 Dengas - Peter I

The denga series under Peter I was part of his sweeping monetary reform begun in 1700, which dismantled the old wire-cut "fish-scale" kopek system that had remained essentially unchanged since the sixteenth century. Peter needed a rationalized coinage to fund the Great Northern War against Sweden — a conflict that would consume Russian finances for over two decades.

KM#103 is among the transitional machine-struck issues produced at the newly modernized Moscow mint, where Peter had imported Western European equipment and technicians specifically to replace hand production.