RUSSIA USSR GOLD CHERVONETZ 1976 8.6 gr. 0.2489 oz. 0.900 gold RARE NO MINTMARK


RUSSIA USSR GOLD CHERVONETZ 1976  8.6 gr. 0.2489 oz. 0.900 gold RARE NO MINTMARK

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RUSSIA USSR GOLD CHERVONETZ 1976 8.6 gr. 0.2489 oz. 0.900 gold RARE NO MINTMARK:
$590.00


RUSSIA USSR GOLD CHERVONETZ 1976 8.6 gr. 0.2489 oz. 0.900 gold UNCNO MINTMARK, RARE!

Original gold chervonets coins were minted in 1923 and 1925. Very few chervonets coins remain from 1923 (almost all coins, which were not sold abroad and remained in state vaults, were recast into bars or used in production of Soviet military orders) and they have recently sold for over $7000.The chervonets was suspended entirely after the monetary reform of 1947. However a large number of golden chervontsy were struck in the 1920s design before the 1980 Summer Olympics in Moscow, for sale to collectors (1,000,000 coins of proof quality dated 1980) and businesses (6,565,000 uncirculated coins, dated 1975 - 1982). It was hoped Soviet chervontsy would compete with the South African Kruggerand, the popular bullion coin of the time.In 1995 the Central Bank of the Russian Federation launched sales of 1975−1982 gold chervonets coins to Russian commercial banks. In 2001 the late Soviet gold chervonets was granted the status of a legal tender by the Central Bank and turned into an official investment coin. In the middle of the 2000s the stock of gold chervonets in the Central Bank\'s vaults came to the end, and a minting of a new investment gold coin, Saint George the Victorious, was started in 2006.


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RUSSIA USSR GOLD CHERVONETZ 1976 8.6 gr. 0.2489 oz. 0.900 gold RARE NO MINTMARK:
$590.00

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