Kopeck - Mikhail I Velikiy Novgorod, НГ

Mikhail Romanov's early kopecks were struck under conditions of acute monetary disorder — the Time of Troubles had devastated mint infrastructure, and the НГ (Novgorod) issues of this period reflect the city's partial recovery after Swedish occupation ended with the Treaty of Stolbovo in 1617. Novgorod had been held by Swedish forces since 1611, and the reopened mint was essentially rebuilding from nothing.

Wire money of this type was hand-cut from drawn silver rod and struck between dies, meaning no two pieces share identical shape or centering. Full legend strikes on this issue are genuinely rare.