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Poltina - Peter I

Issuer Imperial Russian Mint
Year 1723
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Weight 14.22 g
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Reverse script Cyrillic
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Mint Krasny Mint, Moscow
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Additional information

The 1723 poltina occupies an awkward moment in Peter's monetary reforms — the tsar had been systematically overhauling Russian coinage since 1700, but silver fractional denominations remained inconsistent in both alloy and weight throughout his reign. The .728 fineness here reflects a deliberate debasement from earlier issues, a pragmatic concession to the chronic silver shortages plaguing the treasury during the ongoing Northern War's financial aftermath.

KM#161.1 distinguishes this as the first major die variety of the type. Peter died in February 1725, leaving this among the last poltina designs produced under his direct authority.

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