Watch List notes:

RUSSIA. 6 Ruble, 1831/0-CNB. Saint Petersburg Mint. PCGS MS-62 Secure Holder.

Fr-159; C-178; cf.Bit-57; cf.Sev-603. Struck in platinum. The only example ever seen by either grading service. The bottom of the "0" is clearly evident beneath the "1", with the top of the"1" extending well above the tops of the other digits in the date. Well struck, especially given the hardness of the metal. The details in St. George as he slays the dragon are simply phenomenal. Proof-like fields that accentuate the frosty white devices completes the look of this fabulous Russian rarity.

Some background information on the issue: The minting of platinum coinage in 19th century Russia was done on a very limited basis and for less than two decades. The new coinage denominations were not well received by the public, as the pale white metal was unfamiliar in circulation. In 1845, an imperial decree was issued ordering the minting of platinum coinage to cease. Simultaneously, the existing pieces were ordered to be recalled within a six month period. For this reason, much of the original mintages were redeemed and destroyed, which accounts for their great rarity today. The six month period for redemption was too short to be completely effective and is largely responsible for the handful of remaining examples known today.

PCGS MS-62 Secure Holder.

Estimate: $20000.00- $30000.00