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Kopeck - Peter I

Issuer Russian Empire
Year 1703
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Value 1 Kopeck (1 Копейка) (0.01)
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Obverse description Equestrian figure of the Tsar depicted as a mounted warrior on a galloping horse facing right, lance raised in the right hand in the traditional 'Rider' (Ездец) motif inherited from earlier Russian coinage. The design occupies the entire irregular flan, with Cyrillic date letters arranged beneath the hooves of the horse. The striking is characteristic of wire money (cheshуika), produced by flattening a short section of silver wire rod, resulting in an uneven, oval-shaped flan with partial design impressions.
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Reverse lettering ЦАРЬ ПЕТР АЛЕКСЕЕВИЧ
(Translation: Tsar Peter Alexeyevich)
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Additional information

Peter I began replacing the old wire "fish-scale" kopecks with Western-style milled coinage as part of his broader monetary overhaul, but the transition was neither clean nor immediate. These tiny silver wire pieces — the old technology — continued alongside the new denominations for years, creating a chaotic dual-circulation period that frustrated merchants and tax collectors alike. The 1703 date places this coin squarely in that overlap, minted while Peter was simultaneously fighting the Great Northern War against Sweden and rebuilding his monetary infrastructure from scratch.

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