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
| Country | Russia |
| Years Minted | 1724 |
| Composition | 98.6% gold |
| Weight | 3.47 g |
| Diameter | 20 mm |
| Shape | Round |
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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