RUSSIA, Empire. Nikolai I Pavlovich. 1825-1855. AV 5 Rubley (23mm, 6.57 g, 12h). Warszawa (Warsaw) mint. Dated 1848 MW. Crown over crowned double-headed eagle with collared coat-of-arms on breast and coats-of-arms on wings, holding scepter and globus cruciger / Denomination and date. Cf. Bitkin 92; cf. Uzdenikov 0229; cf. KM (C) 175.2; cf. Friedberg 156 (all for business strike). In NGC encapsulation graded PF 66. Very rare.
From the collection of Dr. Lawrence A. Adams, purchased from M. Louis Teller, July 1979.