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Jefimok Rouble - Alexey Mikhailovich Countermarked over 'Zeeland Rijksdaalder 1649'

Issuer Imperial Russian Mint
Year 1655
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Shape Round
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Reverse script Latin
Reverse lettering MO ARG PRO CON FOE BELG ZEL
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Additional information

The jefimok was not a coin so much as a policy workaround. Facing a chronic shortage of silver bullion in the 1650s, Tsar Alexey Mikhailovich's treasury ordered foreign thalers — primarily from the Holy Roman Empire and the Dutch provinces — to be counterstamped and placed into circulation at a forced rate of 64 kopecks, well above their actual silver value. The scheme collapsed within a year. Merchants refused the overvalued pieces, and the jefimok was withdrawn by 1659, making the entire issue one of the shortest-lived monetary experiments in Russian imperial history.

The Zeeland Rijksdaalder of 1649 is among the more precisely documented host coins in the series. Two countermarks were applied: a horseman punch and a date stamp reading 1655.

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