10 Rubel Chervonetz Gold Coin | 1923-1982 | Russia

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10 Rubel Gold front

Weight: 7.74 g
Purity: 900/1000
Country: Russia
Tax: Taxfree accord. to §25c UStG
Packing: Single in Bag
Grading: Circulated, fine
Excl. Tax: € 445.67 Incl. Tax: € 445.67
Sell back price: € 391.43
Quantity Net Per Unit VAT Per Unit Gross Per Unit Premium  
1+ € 445.67 € 0.00 € 445.67 14.99%
Product Description

The 10 Rubles Chervonetz is a gold coin from Russia. Although most of the 10 Rubles Chervonetz are considered investment coins, some editions that are well preserved trade at a higher collector’s value.

The gold coins were originally minted in the years 1923 and 1925; But the majority of today’s traded investment coins were in minted from 1975 to 1982.

Chervonets are a former currency of the Russian Empire and Soviet Union.

Fine Weight and Fine Content

The coin has a reddish tint due to the 10% copper content. Because of the gold/copper alloy, the Chervonetz gold coin is durable and has good scratch resistance. It has a fine content of 900/1000, with a fine weight of 7.74g.

The diameter is 22.5mm and the nominal value is 10 Rubles. The coin is official legal tender in Russia - although its real value is much higher than the nominal value.

Appearance

An ornamental circle surrounds the outer edge on both sides of the coin. The inscription on the front and back is in Russian (Cyrillic). The inscription on the edge of the coin is translated as "Leningrad coin".

The main motif on the front shows a farmer sowing seeds. In the background is a plow, an industrial plant and the rising sun. The inscription consists of the embossing year below the motif and the nominal value above the motif: "один Червонец" which means "10 Chervonetz".

A hammer and sickle are the main motifs of the back. In the background a corn corpuscle can be seen before a rising sun. The inscription on the margins reads: "Пролетарии всех стран, соединяйтесь!" (Proletarians of all countries unite). Below the coat of arms the words "PCOCP" are embossed.

History

In 1923, just after the Russian Civil War, the first mintage of the Gold Chervonetz was introduced. In 1925 the mintage continued but there is only one known piece left from this edition. The mintage continued again from 1975 to 1982.

The majority of today’s available Russian investment coins are the Chervonetz gold coins from the years 1975 to 1982. The Soviet Union minted and sold the 10 Ruble Chervonetz to bring foreign exchange reserves into the country. They were originally not intended for national trade.

Well preserved Chervonetz coins from the year 1923 can have a collector’s value today. The total circulation amounted 2.75 million pieces of the year 1923.

Interesting Facts

  • Chervonetz means "red coin".

  • In Zar times all foreign gold coins were called "Chervonetz".

  • Current 10 Rubles bank notes are still called Chervonetz today.

  • Chervonetz gold coins have been legal tender in the Russian Federation since 2001.

  • The inscription is in Russian (Cyrillic letters).

Details

Total Weight: 8.602g

Fine Weight: 7.74g

Fine content: 900/1000

Diameter: 22.5mm

Denomination: 10 Rubles