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Kopeck - Peter I

Issuer Imperial Russian Mint
Year 1704
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Value 1 Kopeck (1 Копейка) (0.01)
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Obverse description Obverse of this wire money kopeck depicts a mounted equestrian figure of the Tsar in profile, shown riding rightward with a lance or spear raised, rendered in the traditional schematic style characteristic of Russian chekanka wire coinage. The design is struck on an irregularly shaped flan produced by cutting a silver wire blank, resulting in an oval-to-shield-like planchet with uneven edges. The relief is bold but roughly executed, with the figural motif occupying the majority of the available field. The Cyrillic date inscription ҂АΨД (1704) appears in the field alongside the equestrian device. The overall artistic style reflects the late wire money tradition of Muscovite coinage, combining functional simplicity with iconographic continuity.
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Reverse lettering Царь Петр Алексеевич
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Additional information

The 1704 kopeck marks a turning point in Russian monetary history — Peter I that year overhauled the entire coinage system, introducing a decimal structure that predated Britain's by over 150 years. Before this reform, small-denomination exchange relied on wire-cut "fish scale" kopecks hammered from silver rod, a medieval technique unchanged for two centuries. The new machine-struck coinage was part of Peter's broader campaign to modernize Russia along Western European lines, with equipment and expertise imported largely from the Dutch and Saxon mints.

At 0.28g, these coins were almost absurdly small in hand. Many were hoarded immediately upon issue, skeptical subjects preferring the familiar wire pieces they knew.

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