Catalog
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| Issuer | Russian Empire |
|---|---|
| Year | 1701 |
| Type | Standard circulation coin |
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| Obverse description | A mounted equestrian figure, representing the Tsar, depicted in profile facing right and riding a galloping horse, with a downward-pointed lance or spear held in the right hand. The design is struck on an irregularly shaped planchet characteristic of wire money (chekhi), resulting in a compressed and partially visible composition. The rendering is schematic and stylized, consistent with the die-engraving conventions of early Russian hammered coinage. The date in Cyrillic numerals appears in the field above or beside the horseman. |
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| Obverse lettering | ЯΨЯ (Translation: 1701) |
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| Additional information |
Peter I's wire kopecks — struck by hammering silver wire into a die rather than milling blank planchets — were already an archaic technology when this piece was made. Peter despised them, considering them an embarrassment unworthy of a modernizing empire, and spent the early 1700s systematically replacing the type with Western-style milled coinage. Production of wire kopecks ceased entirely by 1718.
The 0.28g weight reflects deliberate debasement relative to earlier Muscovite standards — a quiet fiscal measure that preceded the formal monetary reforms by less than a decade.