Catalog
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| Issuer | Bank of Russia |
|---|---|
| Year | 1993 |
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| Shape | Round |
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| Reverse description | The reverse presents a finely detailed scene commemorating the first Russian circumnavigation of the globe (1803–1806). The three-masted sloop Nadezhda ('Hope') is depicted under full sail in the central and left fields, rendered with meticulous rigging detail upon stylized open seas. To the upper right, a bust-length portrait of expedition commander Ivan Fyodorovich Krusenstern is shown in contemporary naval uniform. A coastal fortification or port scene appears in the right middle ground. A compass rose device is placed in the lower centre field between the two legend arcs. The Cyrillic legend 'ПЕРВОЕ РУССКОЕ КРУГОСВЕТНОЕ ПУТЕШЕСТВИЕ 1803·1806' arcs along the upper periphery, while 'ШЛЮП «НАДЕЖДА»' inscribes the lower left and 'И.Ф.КРУЗЕНШТЕРН' the lower right. |
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| Reverse lettering | ПЕРВОЕ РУССКОЕ КРУГОСВЕТНОЕ ПУТЕШЕСТВИЕ 1803 · 1806 ШЛЮП «НАДЕЖДА» И.Ф.КРУЗЕНШТЕРН (Translation: First Russian circumnavigation of the globe 1803·1806 Sloop «Nadezhda» I.F. Krusenstern) |
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| Additional information |
The Nadezhda and her companion ship Neva completed Russia's first circumnavigation of the globe between 1803 and 1806, under Ivan Krusenstern and Yuri Lisyansky respectively. The voyage was partly financed by the Russian-American Company, whose commercial interests in Alaska made a Pacific supply route commercially urgent.
Russia issued palladium coinage in the early 1990s during a period when the newly liberalized export market made the metal strategically interesting as both a numismatic product and a foreign currency earner. The Norilsk region, supplying the majority of the world's palladium at the time, gave Russia unusual leverage over that market.