Stack's Bowers & Ponterio
January 2018 NYINC Auction 11-13 Jan 2018
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RUSSIA. 6 Ruble, 1830-CNB. PCGS EF-40 Secure Holder.
Fr-159; C-178; Bit-56; Sev-600. RARE. Struck in platinum. Mintage of only 8,610 pieces. Letters in central inscription closer together. Honest wear with nice surfaces and strike details. A great opportunity to acquire a normally difficult to obtain type. The discovery of platinum in the Urals of Western Siberia resulted in the production of three new Russian decimal coinage denominations. By the imperial decree of April 24, 1828, platinum coinage was initiated for circulation. The minting of platinum coinage in 19th century Russia was done on a very limited basis and for a period of less than two decades. The new coinage denominations were not well-received by the public, as they were produced in a pale white metal that 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 rarity today. As the allowable six month period was too short for all the platinum issues to be redeemed and destroyed, it is largely responsible for the examples known today. PCGS EF-40 Secure Holder.
Estimate: $6000.00- $8000.00
Fr-159; C-178; Bit-56; Sev-600. RARE. Struck in platinum. Mintage of only 8,610 pieces. Letters in central inscription closer together. Honest wear with nice surfaces and strike details. A great opportunity to acquire a normally difficult to obtain type. The discovery of platinum in the Urals of Western Siberia resulted in the production of three new Russian decimal coinage denominations. By the imperial decree of April 24, 1828, platinum coinage was initiated for circulation. The minting of platinum coinage in 19th century Russia was done on a very limited basis and for a period of less than two decades. The new coinage denominations were not well-received by the public, as they were produced in a pale white metal that 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 rarity today. As the allowable six month period was too short for all the platinum issues to be redeemed and destroyed, it is largely responsible for the examples known today. PCGS EF-40 Secure Holder.
Estimate: $6000.00- $8000.00