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Kopeck - Peter I

Issuer Russian Empire
Year 1702
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Technique Hammered (wire)
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Obverse lettering ҂АΨВ
(Translation: 1702)
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Reverse lettering ЦАРЬ ПЕТР АЛЕКСЕЕВИЧ
(Translation: Tsar Peter Alexeyevich)
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Additional information

Peter I's wire kopecks — struck by the ancient chekanka method, pressing a small blob of silver wire between hand-cut dies — were already an anachronism by 1702. Peter knew it. His modernization of the Russian monetary system was underway, and these tiny hammered pieces were being produced alongside the first machine-struck coins at the newly reorganized Moscow mints. The wire kopeck survived only because the peasant economy still demanded it; abolishing it outright would have been politically reckless.

Production ceased entirely in 1718 as Peter's reformed coinage took hold. Survivors from 1702 are typically found misshapen, the legends partially off-flan — an inherent consequence of the production method, not wear.

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