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Kopeck - Alexey Mikhailovich Copper, Pskov

Issuer Russian Empire
Year 1655-1663
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Weight 0.43 g
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Obverse lettering П
(Translation: P)
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Mintage ND (1655-1663) П - Pskov
Additional information

The copper kopeck of Alexey Mikhailovich was born of fiscal desperation. In 1654, facing mounting costs from the prolonged war with Poland-Lithuania over Ukraine, the tsar's government began issuing copper coins at the enforced exchange rate of silver — a monetary experiment that rapidly collapsed into the catastrophic Copper Riot of 1662. Moscow was burned in sections; the rioters were crushed, thousands executed or exiled. By 1663 the copper kopeck was demonetized, redeemed at a fraction of face value. The Pskov mint was among the provincial operations stood up specifically to expand this ill-fated copper output.

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