Catalog
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| Issuer | Soviet Union |
|---|---|
| Year | 1990 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
| Thickness | 2.3 mm |
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| Obverse description | Log in to see details |
|---|---|
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| Edge | Reeded |
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| Mintage | 1990 ЛМД - - 15,000 |
| Additional information |
The Soviet palladium ballet series, launched in 1988, was among the first government-issued palladium bullion coinage in the world — a direct response to South Africa's near-monopoly on platinum-group metal coins and a calculated attempt to develop a secondary market for Soviet palladium production, which at the time rivaled South Africa's own output. The USSR was dumping the metal strategically, and these coins were part of a broader commodities play dressed up in cultural prestige.
By 1990, the program was operating against a collapsing state economy, making these late issues among the last coherent numismatic projects the Soviet mint would complete before dissolution.