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5 Kopecks - Pavel I
| Issuer | Russian Empire |
|---|---|
| Year | 1798-1800 |
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| Shape | Round |
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| Obverse description | Central field occupied by the elaborate crowned Imperial cypher of Emperor Paul I (Pavel I), rendered as an ornate Cyrillic letter П with elegant foliate scrollwork flourishes at each terminal, surmounted by a small Imperial crown. The numeral I appears centered below the base of the cypher, completing the monogram П·I. The design is restrained and uncluttered, occupying the full field without a surrounding legend, in the neoclassical style characteristic of Paul I's brief reign. |
|---|---|
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| Mintage | 1798 СМ МБ - C# 96.1a; St. Petersburg Mint - 113,995 1798 СП ОМ - C# 96.2; St. Petersburg Mint - 1800 СМ ОМ - C# 96.1a; Bank mint (St. Petersburg); rare - |
| Additional information |
Pavel I's copper-to-silver recoinage of 1796–1800 was one of the most disruptive monetary operations in late imperial Russian history. Immediately upon ascending the throne, Pavel ordered vast quantities of Catherine II's copper coins melted and restruck in silver — a reversal of his mother's inflationary copper policy that he despised on both fiscal and personal grounds. The operation was enormous in scale but brief; Pavel was strangled in his bedroom at Mikhailovsky Castle in March 1801, ending the recoinage program with it.
The two catalogue references reflect a die variety distinction in the reverse inscription spacing.