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Jefimok Rouble - Alexey Mikhailovich Countermarked over 'Flanders Patagon'
| Issuer | Imperial Russian Mint |
|---|---|
| Year | 1655 |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin/Cyrillic |
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| Reverse script | Latin |
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| Additional information |
The jefimok was not a Russian coin in any conventional sense — it was a foreign thaler, seized or purchased in bulk, then countermarked and assigned a fixed value of 64 kopeks for domestic circulation. Alexey Mikhailovich introduced the scheme in 1655 to fund the costly Russo-Polish War, having exhausted more orthodox monetary options. A Flemish patagon was a perfectly serviceable host coin for this purpose: heavy, silver, and widely trusted.
The experiment collapsed within a year. The assigned value exceeded the silver content, Russians refused them, and the jefimok was withdrawn by 1659.