These rubles are held in high esteem by every public. Are you wondering where you can sell silver coins of Nicholas II? Commemorative and donative coins

SILVER RUBLES OF NICHOLAS THE SECOND

The editors often receive questions asking us to identify a particular coin. We bring to your attention an overview of rubles during the reign of Nicholas II.

Numismatics in Tsarist Russia ceased to exist with the revolution of 1917. The political system fell, Emperor Nicholas 2 and his family were shot, and real devastation reigned in the country for a long time.

However, before the last coin of the Russian Empire was minted with a stamp with the profile of Nicholas 2, many interesting and rather strange events took place in the world of numismatics, the consequences of which became the subject of close attention of collectors. Nicholas imperials, semi-imperials, famous gold tens, the last Tsar's chervonets, commemorative and anniversary silver rubles, as well as incredible numismatic nonsense that appeared during the reign of the last Russian Tsar - it is about the silver coins of Nicholas 2 that we will talk today.

Returning the Emperor's Profile to Coins

Starting with Peter the Great (1700-1725), in Tsarist Russia there was a tradition of minting the profile of the emperor or empress on silver and gold coins of large denominations (Polupoltina, Poltina, Ruble, etc.). This tradition existed for quite a long time, right up to Paul I (1796-1801). The last coins with the Empress's profile were minted in 1796. After the death of Empress Catherine 2 in 1796, Paul I ascended the throne, whose appearance no one liked, including himself. After Paul I did not approve a test ruble with his profile, the tradition of minting portrait coins ceased for a whole century. Only sometimes on commemorative coins issued in small editions did the profile of Alexander 1, Alexander 2 and Nicholas 1 appear.


During the reign of Alexander 3 (1881-1894), portraits of the emperor began to appear again on regularly minted coins. This happened for the first time in 1886. Then portraits of Alexander 3 were minted on silver coins of large denomination, starting from 25 kopecks. Portraits were not applied to coins of lower denominations, since it was believed that they were used by the “rabble”. The portrait of the king should not be in servile pockets and fall into callous, dirty hands.

Nicholas 2 finally revived the tradition of minting portrait coins of large denominations, starting with the coronation ruble. All gold and silver coins of Nicholas 2, starting from 25 kopecks, became portrait ones.

Anniversary and commemorative coins of Nicholas 2

During the reign of Nicholas 2, several silver jubilee and commemorative coins were issued, which went down in the history of numismatics. Among them, the commemorative coronation ruble of 1896 can be especially highlighted.

The portrait for the coronation ruble was made by the artist Anton Vasyutinsky, who had the opportunity to create portraits of the last tsar, and after the revolution, portraits of Lenin for Soviet coins and medals.

The circulation of the silver coronation ruble was 190 thousand copies, minted by May 1896 and awarded to all coronation participants. They were kept carefully and passed on as a memory from generation to generation. Therefore, quite a lot of coronation rubles have survived to this day in perfect condition. In this connection, the cost of the coronation ruble of Nicholas 2 today is only no more than 400-500 dollars, although in some cases, for example, if the coin is in perfect condition, its price reaches up to 2 thousand dollars.


Also standing out from the total mass is a commemorative ruble of 1898 made of silver for the opening of the monument to Alexander 2 in Moscow in 1893. The circulation of the coin was 5 thousand copies, repeating the small medal made by A. Grhilis Jr., who cut out large and small medals with a portrait of Alexander 3 on the front side, and on the reverse side - a statue of Alexander 2, installed in the new pavilion of the Kremlin memorial. The cost of a commemorative ruble of 1898 today is 3-4 thousand dollars, sometimes reaching 12 thousand dollars.

In 1912, a silver commemorative ruble and several medals were minted and put into circulation in honor of the opening of a large monument to Alexander 3 near the Cathedral of Christ the Savior. The circulation of this commemorative ruble was 2 thousand copies. The average cost of a silver ruble dedicated to the opening of the monument to Alexander 3 is today 7-12 thousand dollars, sometimes reaching 22 thousand dollars.

Both monuments were subsequently destroyed, and their images remained only on commemorative rubles and medals.


The centenary of the victory over Napoleon became the most significant date during the reign of Nicholas 2. For this celebration, a silver anniversary ruble was issued, minted with stamps by M. Skudnov with the inscription “This glorious year has passed, but the deeds accomplished in it will not pass.”

The exact circulation of the issue is unknown, but in 1912 about 40 thousand coins were minted, in addition, the minting of a silver commemorative ruble dedicated to the centenary of the victory over Napoleon continued in 1913. The cost of this commemorative coin averages 1-1.5 thousand dollars, reaching in some cases up to 5 thousand dollars.


In 1913, the 300th anniversary of the Imperial House of Romanov was celebrated, in honor of which silver jubilee rubles were also minted and put into circulation. The circulation of the 1913 anniversary ruble was so huge that today its auction price averages only $50-70 and very rarely reaches $300.

In honor of the 200th anniversary of Russia's first naval victory at Gangut in 1714, a silver jubilee ruble was issued, known today as the Gangut ruble. Also, in honor of this significant event, a military parade was supposed to take place, at which each participant would receive an anniversary Gangut ruble as a souvenir, but the First World War began and the parade did not take place. The Gangut ruble of 1914 became the last anniversary coin of Tsarist Russia.

The stamps for the Gangut ruble were made by P. Stadnitsky. On one side of the Gangut ruble there is a portrait of Peter the Great minted, on the other there is a double-headed eagle holding in its beaks and paws four cards, which under Emperor Peter the Great represented the four Russian seas - the Azov, Baltic, White, Caspian, and under Emperor Nicholas II - the Baltic and White , Black and Pacific Ocean.

Initially, the circulation of the Gangut ruble was 30 thousand copies. 6 coins were reserved for especially important persons, including a coin prepared for transfer to the State Hermitage. There is also an assumption that several dozen more copies were set aside for gifts, and the remaining coins were sent to the mint treasury. After lying there for about a year, for a still unknown reason, the circulation was sent for melting down.

In 1916, another 300 copies of the Gangut ruble were minted. 135 were handed over to various officials, the rest were sent to the mint reserve. Currently, Gangut rubles appearing at auctions are either copies of the 1916 issue, or Soviet remakes of 1927, minted by order of the Soviet Philatelic Association. Soviet remakes are very difficult to distinguish from the originals.

The value of the Gangut ruble today can be 5-7 thousand dollars. However, there are copies that cost up to 42 thousand dollars.

Nikolai 2. 1 ruble

Cost and terms of purchase of 1 ruble Nicholas 2 in Moscow

Year Coins Purchase price From Purchase price Before
1895 700 5000
1896 700 5000
1897 700 5000
1898 700 5000
1899 700 5000
1900 700 5000
1901 700 5000
1902 3000 7000
1903 4500 15000
1904 12000 25000
1905 10000 20000
1906 5000 13000
1907 3000 7000
1908 5000 15000
1909 5000 15000
1910 4000 12000
1911 3500 7500
1912 3000 7000
1913 7000 11000
1914 4000 18000
1915 5000 14500

Price list date 2018-08-30 The purchase price is indicated in rubles

How much is 1 ruble of Nicholas 2 worth? Depends on of the year, condition, circulation. The approximate purchase price is indicated in the table, but may vary. Most of this type was minted at the St. Petersburg Mint, but there are examples minted in Paris (one star on the edge), as well as in Brussels (2 or 1 inverted stars on the edge). SPMD minted 1 ruble with 8 obverse stamp options. In 1896-1898, products with a closed neckline, a more prominent hairstyle and a narrow edging were minted in Paris. In 1897-1899, products with a closed neckline, narrow edging and a new type of hairstyle - with small hair - were produced in Brussels.

Is it profitable to sell commemorative coins of Nicholas 2 1 ruble “Coronation” (1896)?

How much does the commemorative ruble “Coronation” of Nicholas 2 cost?

Year Coins Purchase price From Purchase price Before
1896 12000 20000

Price list date 2018-08-30 The purchase price is indicated in rubles

A special place among commemorative items is occupied by 1 ruble “Coronation of Nicholas 2” (“A.G”). It is more expensive than Alexander 3, because... The circulation was 2 times less - 190,845 pieces.

How much can you sell for 1 ruble of the 300th anniversary of the Romanov dynasty?

1 ruble 300th anniversary of the House of Romanov

Conditions and prices for purchasing the coin “300th anniversary of the Romanovs” of Nicholas 2

Year Coins Purchase price From Purchase price Before
1913 4000 7500
Year Coins Purchase price From Purchase price Before
1913
Price list date 2018-08-30 The purchase price is indicated in rubles

In 1913, items appeared in memory of the 300th anniversary of the Romanov dynasty (convex coinage - 1,422,019, flat - 50,000). The circulation of copies of flat coinage is questionable.

Where to sell the 1 ruble coin “Gangut”?

1 ruble Nicholas 2. Gangut

In 1914, items appeared on the occasion of the 200th anniversary of the victory at Cape Gangut (not released due to the outbreak of the war). It is reported that an additional circulation appeared in 1927. It is difficult to distinguish remakes from genuine ones. At what price can you sell a coin commemorating the 200th anniversary of the victory at Cape Gangut? - from 1,000,000 rubles.

Price for a silver coin 50 kopecks of Nicholas 2 (1895-1914, except 1905)

Moscow cost and conditions for buying royal 50 kopecks

Year of the coin Price from Price Before
1895 400 2 000
1896 400 40 000
1897 400 40 000
1898 100 000 180 000
1899 400 2 000
1900 400 2 500
1901 450 3 000
1902 1 500 3 000
1903 9 000 95 000
1904 5 000 40 000
1906 1 500 27 000
1907 1 000 20 000
1908 1 000 25 000
1909 1 000 18 000
1910 800 10 000
1911 700 8 500
1912 700 4 000
1913 700 4 000
1914 1 000 5 000
Price list date 2018-08-30 The purchase price is indicated in rubles

Minted at SPMD (1895-1914) and in Paris (1896, 1897, 1899). Variants with a smooth edge from different years are a manufacturing defect. There are 8 options for obverse stamps for copies minted at SPMD. 50 kopecks are expensive from 1903-1904, which is due to the small circulation. In 1903 - only 19 copies of “A.R”, in 1904 - 4,010 pieces with “A.R”. (“A.R” - Alexander Redko, mintsmaster of the SPMD in 1901-1905). If you want to know what year are the coins valued? how much your coin is worth, contact the store. We are located in Moscow, we provide a free estimate based on photos, and, with the consent of the parties, purchase.

For what price can you sell 25 kopecks (1895, 1896, 1900 and 1901) in Moscow?

The price of silver 25 kopecks when buying in Moscow

Year of the coin Price from Price Before
1895 1 800 5 000
1896 1 200 3 000
1900 4 500 12 000
1901 45 000 250 000
Price list date 2018-08-30 The purchase price is indicated in rubles

They were minted at the St. Petersburg Mint, as well as at the Paris Mint (1896, distinguished by the increased distance between the year “1896” and “G.” on the reverse; 8,000,000 copies were issued). The 1896 specimens, which have a smooth edge, are a manufacturing defect. Only 12 SPMD pieces were minted in 1901, making the coin very expensive. 25 kopecks were made of 900 silver, weighed 5.0 grams and had a diameter of 23.0 mm. According to some sources, 25 kopecks appeared in 1898, but there are no images of the coin, nor is there any authentic information about it.

20 kopecks (1901-1917). How much is the coin of Nicholas 2 worth?

At what price can you sell a coin when buying in Moscow?

Year Coins Purchase price From Purchase price Before
1901 250 8000
1902 250 2500
1903 100 1100
1904 100 1100
1905 100 1100
1906 100 1100
1907 100 400
1908 100 400
1909 100 400
1910 100 400
1911 100 400
1912 100 9500
1913 100 7500
1914 100 400
1915 100 400
1916 100 400
1917 2500 11000
Price list date 2018-08-30 The purchase price is indicated in rubles

Made of 500 sterling silver, have a diameter of 22 mm and a weight of 3.6 grams. In our store you can buy it at a price of 250 rubles. The most expensive copies are considered to be “VS” (Viktor Smirnov) 1912 and “EB” (Elikum Babayants) 1913. Our specialist will evaluate and name the price. with the consent of both parties, the purchase is carried out.

How much is a silver coin of 15 kopecks worth (1896-1917, except 1910)?

Purchase prices 15 kopecks. in a store in Moscow

Year of the coin Purchase price From Purchase price Before
1894 450 3500
1897 250 700
1898 250 700
1899 250 4500
1900 250 1000
1901 250 1500
1902 150 600
1903 150 600
1904 150 600
1905 150 600
1906 150 600
1907 100 600
1908 100 600
1909 100 400
1910 100 400
1911 100 400
1912 100 4500
1913 100 3500
1914 100 300
1915 100 300
1916 100 300
1917 1000 3500
Price list date 2018-08-30 The purchase price is indicated in rubles

The specialist will name a specific price after the assessment. It is known that “VS” 1912 and “EB” 1913 products are expensive. Come to our store in Moscow to find out the price of your coins. We carry out purchases on mutually beneficial terms. The total circulation exceeded 12,000,000 pieces, the products are made of 500 sterling silver. They bear the initials of the mintzmeisters (“VS”, “EB”, “AG”). With a diameter of 19.7 mm, this product weighs 2.7 grams.

Silver coin of Nicholas 2 10 kopecks price (1895-1917)?

How much is a coin of 10 kopecks of Nicholas 2 worth?

Year of the coin Purchase price From Purchase price Before
1894 300 2500
1895 450 2500
1896 300 2500
1897 300 2500
1898 300 2500
1899 300 2500
1900 300 1000
1901 300 2000
1902 300 2500
1903 300 800
1904 300 800
1905 300 800
1906 300 800
1907 300 800
1908 300 800
1909 300 300
1910 300 300
1911 300 300
1912 300 5000
1913 300 5000
1914 300 300
1915 300 300
1916 300 800
1917 1000 3500
Price list date 2018-08-30 The purchase price is indicated in rubles

10 kopecks made of 500 sterling silver. There are products with different signs: “VS” (Viktor Smirnov), “AG” (Apollo Grashof), “EB” (Elikum Babayants). Diameter – 17.5 mm, weight – 1.8 g. Price varies. The question of how much a coin is worth can only be answered after an assessment. We invite you to our store (Moscow, Tverskaya 12, building 8). It is also possible for us online coin valuation.

5 kopecks Nikolai 2 prices

Year of the coin Purchase price From Purchase price Before
1897 350 750
1898 350 750
1899 350 1500
1900 350 750
1901 350 2000
1902 350 750
1903 350 750
1904 150000 350000
1905 350 750
1906 500 1000
1908 350 750
1909 350 750
1910 350 750
1911 350 750
1912 350 750
1913 350 2500
1914 350 750
1915 400 1200

Buying coins of 50 pennies of Nicholas 2 (1907, 1908, as well as 1911 and 1914-1917)

Moscow prices for 50 pence for Finland when buying

Year Coins Purchase price From Purchase price Before
1907 150 450
1908 150 300
1911 150 250
1914 150 250
1915 150 250
1916 150 250
1917 150 250
Price list date 2018-08-30 The purchase price is indicated in rubles

50 pennies for Finland have a weight of 2.54 grams, a diameter of 18.6 mm, made of 750 sterling silver. They began to be minted only in 1907, the first with such a denomination since Nicholas 2. Our store carries out evaluation and purchasing. We are located in Moscow, the assessment can be done online (using a photo). With us you can sell coins at a competitive price.

The series of coins from the reign of Nicholas 2 includes coins from 1984 (Coronation of Emperor Nicholas 2) to 1917 (October Revolution). This is a set of coins of the Russian Empire, which include - copper kopecks, silver coins and gold coins.

Russian Emperor Nicholas II ruled the country from 1894 to 1917 and during this short time many coins were minted in Russia. Today, many numismatic items from this period are considered quite rare. A remarkable event of the reign of this emperor is that his portrait was minted not only on coins of large denomination, but also a silver coin of 25 kopecks has his image. On all coins minted during the period 1894-1918, and where there is an image of the emperor, his profile is turned to the left.

As for small denomination coins, they do not have the image of the king on them, and this happened for two reasons:

  1. Small denomination coins are too small to display a clear and recognizable image.
  2. At that time, it was believed that ordinary people should not have coins with the image of the king on them.
A lot of numismatic items were minted during the reign of this emperor, each denomination was issued in large quantities. In addition, they were all in circulation for too short a period of time, so a lot of them have survived to the present day. For modern numismatists, it is a great success not only that there are such a large number of them, but also that they are well preserved.

During the reign of Nicholas II, it was successfully implemented currency reform. It was carried out on the initiative of S. Witte and thanks to it, coins of two denominations appeared: 15 rubles, as well as 7 rubles 50 kopecks.

Under this king, three different types of coins were issued: copper, silver, and gold. But it should be noted that test coins made of aluminum worth 5 rubles were also issued. The trial ones are 25 kopecks (an alloy of copper and nickel) and 5 kopecks of reduced weight (copper became expensive in 1916). They are also of great interest to collectors.

Among gold coins worth noting are coins worth 5, 10 and 25 rubles (gold coins of 7.50 rubles and 15 rubles were added to them after the reform). Under this emperor, a gold coin of 100 francs, which corresponded to 37.50 rubles, was also minted in Russia for a long time.

The last Emperor Nicholas 2 left behind a huge numismatic heritage. His money is distinguished by its huge circulation and relatively short circulation period. This has led to the fact that today you can find high-quality copies for any of the issued editions. In this article we will talk about the gold coins of Nicholas 2. Such money was minted in only four denominations: 5 rubles, 7.5 rubles, 10 rubles and 15 rubles. The most popular were the 5-ruble coins of Nicholas II, followed by 10-ruble bills with a slight lag. You will learn more about the cost and other features of gold money from the catalogue, and for connoisseurs of special items, we will take a detailed look at the rarest and most valuable gold items.

Catalog of gold coins of Nicholas 2

The table shows all the gold coins minted under Emperor Nicholas 2. You can find out how much these copies cost from the catalog below.

Coin name Coin value (RUB)
G VG F VF XF AU UNC Proof
10 rubles 1911 EB 22 281 30 559 30 271 43 028 283 045
5 rubles 1911 EB 141 332 175 145 232 452 230 800 337 357
10 rubles 1910 EB 32 000 79 154 121 762 210 951 640 316
5 rubles 1910 EB 12 680 38 275 78 387 130 863
10 rubles 1909 EB 22 443 30 365 118 559 597 682
5 rubles 1909 smooth edge
5 rubles 1909 EB 13 838 27 111 32 473 79 631 649 578
5 rubles 1907 EB Proof 3.08 million
10 rubles 1906 AR Proof 5.80 million
5 rubles 1906 EB Proof 4.25 million
10 rubles 1904 AR 41 228 35 965 58 803 574 953
5 rubles 1904 AR 9 722 15 139 16 458 18 293 255 057
10 rubles 1903 AR 14 142 30 563 32 292 51 275 323 108
5 rubles 1903 AR 6 848 14 512 15 037 17 656 435 453
10 rubles 1902 AR 16 178 28 790 30 043 47 080 392 720
5 rubles 1902 AR 9 283 14 575 14 776 19 274 148 950
10 rubles 1901 AR 10 249 31 042 30 882 111 092 538 934
10 rubles 1901 Federal Law 14 875 28 138 33 151 29 962 197 270
5 rubles 1901 AR 15 600 19 677 22 915 25 916 169 529
5 rubles 1901 Federal Law 7 160 13 832 14 325 18 057
10 rubles 1900 FZ 15 502 26 140 32 748 35 039
5 rubles 1900 FZ 12 645 14 263 14 293 59 035 251 237
10 rubles 1899 AG 24 105 26 556 30 010 39 642 182 594
10 rubles 1899 Federal Law 21 540 27 584 29 905 36 494
10 rubles 1899 EB 16 202 27 160 29 179 51 042
5 rubles 1899 smooth edge 9 180
5 rubles 1899 Federal Law 8 143 13 114 13 720 17 890 240 799
5 rubles 1899 EB 7 462 14 019 15 924 18 134
10 rubles 1898 AG 17 416 29 798 31 586 62 391 408 237
5 rubles 1898 smooth edge 8 498
5 rubles 1898 AG alignment 180 11 128 15 833
5 rubles 1898 AG 3 244 12 277 13 823 13 931 18 237 6 801
15 rubles 1897 AG ROSS 21 287 49 336 56 626 99 272
15 rubles 1897 AG SS 43 984 26 450 50 335 53 494 100 693 31 908
7 rubles 50 kopecks 1897 AG 26 578 36 352 42 509 77 188 39 747
5 rubles 1897 smooth edge
5 rubles 1897 AG 9 477 14 199 14 834 33 861 92 927

Varieties of gold coins of Nicholas 2

5 rubles 1897

Feature: smooth side part. The coin is made of 900 standard metal, the weight of the disc is 4.3 grams, the diameter is 18.5 millimeters.

On the front there is a profile of Emperor Nicholas II and an inscription along the edge. On the reverse side, in the center, there is the state coat of arms (shifted to the upper edge), in the lower part, repeating the bend of the edging, the parity and year of production are located.

15 rubles 1897

The difference is that the last two letters of the “SS” inscription extend beyond the edge of the neck trim. The metal purity is 900, the weight of the coin is 12.9 grams, and the weight of pure gold is 11.6 grams. The disc size is 24.6 millimeters, text is printed on the side.

The obverse is a portrait of the emperor and the text, the reverse is the country's coat of arms, parity and date of minting. The price of the coin, depending on its condition, is from 26,500 to 100 thousand rubles.

15 rubles 1897

Another distinctive batch of 15-ruble notes. The peculiarity of this specimen is the three protruding letters beyond the edge of the neck. The main characteristics are identical to the previous copy: weight - 12.9 grams, size 24.6 grams, reverse - identical, obverse - identical (except for the location of the letters). Both varieties were released with a total circulation of 11.9 million copies. The cost of this variety ranges from 21 to 99 thousand rubles.

5 rubles 1898

Feature - the sides of the coin are rotated 180 degrees relative to each other. Weight – 4.3 grams, size 18.5 millimeters, edge of the coin – patterned, letters AG.

The front part is a portrait of Nicholas 2, the text is placed along the edge. Reverse – small coat of arms, parity and year of production. The minimum price is 11 thousand rubles, and the most expensive copy will cost the collector 16 thousand.

5 rubles 1898

The difference is the smooth edge. Metal purity – 900, weight 4.3 grams, size – 18.5 mm. On the front side of the 5-ruble note there is a profile of the emperor, looking to the left, surrounded by a ring of inscriptions that is not closed at the top and bottom.

On the reverse side there is a small coat of arms in the center, and below is the denomination and year of minting. The cost of one coin in very good condition is 8,500 rubles.

5 rubles 1899

This sample is rare due to its smooth edge that differs from other samples.

The weight of each sample is 4.3 grams, and the pure metal is 3.87 grams, the size is 18.5 millimeters. The price of this coin starts at 9,200 rubles per copy.

10 rubles 1909

The peculiarity of this sample is the letters EB. The metal purity is 900, each piece weighs 8.6 grams, diameter is 22.5 millimeters, there is text on the side. The factory minted money in quality for circulation and improved quality. The obverse is a portrait of the sovereign, and the text is located along the edge. On the reverse, in the very center, there is a small coat of arms of the state, directly below it lies the denomination and year of issue. The price of a copy for circulation is from 22,500 to 118,550 rubles; for a sample of improved quality you will have to pay 598 thousand rubles.

Both in Soviet times and now they write a lot about the “rottenness” and “bloodiness” of the autocracy, a lot. It was so backward and bloody that it was just a nightmare! And no one cares that under the Bolsheviks, 150 times more Russians were executed than under the last tsar. Well, Nicholas II, indeed, was not an ideal ruler and made many mistakes, but let's look at some facts. At the end of the 19th and beginning of the 20th century, the Russian Empire achieved truly outstanding success in its development. Industry and agriculture grew rapidly, and only under Nicholas II the Russian ruble was recognized by the whole world as hard currency. You can scour the Internet and libraries, spend many hours, but you still won’t find another historical period when the Russian ruble was freely and so willingly accepted abroad.

Nicholas II and General Brusilov in 1915

Prices under the last Emperor Nicholas II:
A loaf of fresh rye bread (450 grams) – 2-4 kopecks,
Old harvest potatoes (1 kg) - 5 kopecks,
Rye flour (1 kg) - 6 kopecks,
Bucket of tomatoes – 8 kopecks,
Granulated sugar (1 kg) – 20-25 kopecks,
Fresh milk (1 liter) – 5-10 kopecks,
Egg (ten) - 10-25 kopecks,
Pork meat (1 kg) – 25-30 kopecks,
Sturgeon (1kg) – 80 kopecks.

The average worker's salary in Russia under the Tsar was 37.5 rubles. Let's multiply this amount by 1282.29 (the ratio of the exchange rate of the Tsar's ruble to the modern one) and get an amount of 48,085 thousand rubles in modern terms. During the monetary reform, which was carried out by the government of Nicholas II in 1897-1899 under the leadership of S. Witte, the gold ruble was introduced into circulation. It contained about 0.77 grams of pure gold. At the beginning of the 20th century, the royal gold ruble was a very significant monetary unit on the world market. If we compare the ratios of currencies of that time, the tsarist ruble contained approximately twice as much gold as the mark and franc, was comparable to the English pound, and was only twice “lighter” in relation to the American dollar. And they accepted the autocratic ruble throughout Europe with great joy. Even Russian banknotes could be exchanged without any problems in any bank in Berlin, Vienna, Rome or Paris, and as for “Ryzhikov” (gold Nikolaev coins of 5 and 10 rubles), they were taken in small shops, and even without exchange for local money , and even 2-3 times higher than the official exchange rate - 1 gold ruble at the beginning of the 20th century. was equal to 2.667 French. francs

The same famous royal gold chervonets, colloquially “saffron milk cap”

The basis for the strength of the financial system of the Russian Empire under Nicholas II was:
1. Increase in gold mining in the Urals and Siberia. The record figure was reached in 1914 - 66,521.7 kg;
2. A sharp increase in exports - agricultural products (grain, oil, meat, honey, dairy products, etc.); petroleum products (kerosene and lubricating oils); etc.
3. The introduction of a state monopoly on vodka and tobacco, and a significant increase in prices and taxes (excise taxes) on them. By 1914, the excise tax on vodka amounted to 1 billion gold. rub. from the entire state budget of the empire of 3.5 billion;
4. Rapid pace of industrialization - between 1890 and 1913. Russian industry quadrupled its productivity. Its income not only almost equaled the income received from agriculture, but goods covered almost 4/5 of the domestic demand for manufactured goods. Over the last four years before the First World War, the number of newly founded joint-stock companies increased by 132%, and the capital invested in them almost quadrupled. In 1900 Russia ranked 4th in the world in terms of global industrial production, its share was 9%. The high rates of development of the Russian economy were comparable only to the rates of development of the United States. In 1913, one of the largest economists in the world, Edmond Théry, on instructions from the French government, studied the state of the Russian economy and concluded: “If the affairs of European nations from 1912 to 1950 go the same way as they went from 1900 to 1912, Russia by the middle of this century will dominate Europe, both politically and economically and financially.”
Over the period 1900-1913, state income doubled (from 1,736,700,000 to 3,431,200,000 rubles) while expenses increased only 1.8 times, which made it possible to achieve a sustainable budget surplus. At the beginning of the First World War, the state gold reserves of the Russian Empire were the largest in the world. And best of all, the effectiveness of the Russian government and the growth of the well-being of the people was shown by the rapid increase in population: from 1897 to 1914, that is, in just 17 years, the growth amounted to 50.5 million people! If such population growth rates continued, then by 2000. approximately 425 million people would live in Russia.

In 1917, the ruble was cursed... The liberals who overthrew the tsar were replaced by the Bolsheviks, the Bolsheviks reformed into communists, then the liberals came again, but none of them were able to make the ruble respected in the world and a freely convertible currency. Maybe we can do some magic - call the tsarist finance ministers Witte and Kokovtsov from the other world, ask them how to make the ruble a stable and respected currency in the world? Somehow they managed without oil and gas income... And a penny under the tsars was Money!

Dear people, Professionals with a capital P:
Sergei Yulievich Witte - from 1892 to 1903. Minister of Finance of the Russian Empire

Vladimir Nikolaevich Kokovtsov - from 1904 to 1914. Minister of Finance of the Russian Empire

Sources:
What could you buy with a penny under the Tsar?

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