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1724 Peter I Ducat

Russia

1724

Reference data compiled from public catalogs

Estimated Melt Value

$530.06

Based on Gold spot price ($4,818.635/oz) · 98.6% purity · 3.47g

Updated 7:01 PM

Collector premium not included

Specifications

CountryRussia
Years Minted1724
Composition98.6% gold
Weight3.47 g
Diameter20 mm
ShapeRound

Design

Obverse

Features a bust of Peter I facing right.

Reverse

Depicts the Russian imperial eagle with a shield.

History & Notable Facts

The 1724 Peter I Ducat stands out for its bold introduction of a tsar's portrait on a Russian coin, a departure from the era's traditional symbols like saints or eagles. This design choice reflected Peter the Great's push to modernize the currency along Western lines, with his profile staring out as if to say, "Times are changing."

Minted in gold during his reforms, the coin likely used metal sourced from domestic mines or imported bullion, though exact origins remain murky. Records from the Saint Petersburg Mint are spotty; much was lost in later fires, so we can't pin down the precise alloy composition.

As for myths, I've heard tales that every ducat was touched by Peter himself, which is nonsense. He had better things to do, like building his navy.

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