Russia 1798-CM 5 kopeks
This specimen was lot 24907 in Heritage sale 3030 (New York, January 2014), where it sold for $1,997.50. The catalog description noted, "Paul I silver 5 Kopecks 1798 CM-MБ, MS64 PCGS. Fully struck, with lustrous, near mark-free surfaces beneath argent-gray and gold toning. Rare in this Choice condition." Hundreds of millions of copper five kopeks were issued between the Annensk, Moscow, Sestroretsk, Kolyvan, Ekaterinburg and St. Petersburg mints. Silver issues were much sparser; this is the first type since 1761. Many survive today but few in choice condition. Russia has the distinction of being the first country to issue decimal currency, as 100 kopeks = one ruble.
Recorded mintage: 114,000.
Specification: 1.04 g, .868 fine silver.
Catalog reference: Bitkin-88, KM C96.1a.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage World and Ancient Coins Auction 3030, featuring the RLM Collection, the Isaac Rudman Collection, the Hans Cook Collection and the Collection of Donald E. Bently, Dallas, TX: Heritage Auction Galleries, 2013.