ObverseImage: Wikimedia Commons · Государственный банк СССР/Иван Дубасов · Public domain
1937 Soviet 1 Chervonets
Russia
1937
Reference data compiled from public catalogs
Estimated Melt Value
$1,199.38
Based on Gold spot price ($4,818.635/oz) · 90.0% purity · 8.602g
Updated 7:01 PM
Collector premium not included
Specifications
| Country | Russia |
| Years Minted | 1937 |
| 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.
Reverse
Displays the denomination '1 Chervonets' with the year and possibly symbolic elements related to the Soviet era.
History & Notable Facts
The 1937 Soviet 1 Chervonets was struck from 900 fine gold, a composition that tied it directly to the pre-revolutionary imperial rouble, even as Stalin's Five-Year Plans reshaped the economy.
Weighing 8.6 grams, this coin featured a simple obverse with the Soviet state emblem—a globe, hammer, and sickle—flanked by wheat sheaves. The reverse bore the denomination and date, with no frills. It was produced at the Leningrad Mint, though exact figures for that year remain murky, lost in the chaos of wartime records.
Its circulation was limited, mainly for international trade, as the USSR hoarded gold amid global tensions. Some ended up in foreign banks, a quiet nod to the regime's pragmatic side.
If you handle one, note the edge reeding—it's crisp, but don't expect miracles from a coin born in an era of steel mills and show trials.
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