Catalog
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| Issuer | Imperial Russian Mint |
|---|---|
| Year | 1655 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| Shape | Round |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Log in to see details |
| 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 Merchants refused the overvalued pieces, and the jefimok was withdrawn by 1659, making the entire issue one of the shortest-lived monetary experiments in Russian imperial history.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.