1921 Soviet Chervonets
Russia
1923
Reference data compiled from public catalogs
Estimated Melt Value
$1,194.11
Based on Gold spot price ($4,797.48/oz) · 90.0% purity · 8.602g
Updated 6:36 PM
Collector premium not included
Specifications
| Country | Russia |
| Years Minted | 1923 |
| Composition | 900/1000 gold |
| Weight | 8.602 g |
| Diameter | 22.6 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Features the State Emblem of the USSR with a hammer and sickle surrounded by sheaves of grain.
Reverse
Displays the denomination '10' along with the year and additional inscriptions.
History & Notable Facts
The 1923 Soviet Chervonets was the first gold coin issued by the USSR, a pragmatic nod to international finance amid the rubble of revolution.
Weighing 8.602 grams with .900 fine gold, it featured a simple design: the obverse with the denomination and year, the reverse showing a hammer, sickle, and globe—symbols that spoke of the new order without much flair. It was struck at the Leningrad Mint, using gold from state reserves to stabilize the ruble during the New Economic Policy. Records on exact production numbers are murky, lost in the bureaucratic fog of the era.
As for myths, I've heard tales of hidden troves in Siberian vaults, but that's just collector's fancy. The coin's edge bears a reeded pattern, a detail that foils counterfeiters better than most politicians' promises.
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