These coins are struck in both the St. Petersburg and Moscow mints. All possess a beautiful and high quality design standard as well as perfectly struck images. They are popular not only in Russia but also overseas. International collectors have occasionally rated them as the best world gold coins in opinion polls conducted by several numismatic organizations and their publications.
These coins did not start their lifespan with the Russian Republic or even the Soviet Union era versions. They first appeared for circulation and bullion purposes in 1701 under the eventful reign of the appropriately named Czar Peter the Great. The word comes from the Russian “Chervonny” which translates to “High Quality” and “Red.” With an original Imperial Russian era gold purity of 98.6 percent, they are a high quality gold coin for the day in which they were originally minted.
The second series of these Chervonets Gold Coins appeared under the Soviet Union. The Soviets were interested in boosting their economy and financial system by creating currency with an intrinsic gold value and natural gold standard backing. These coins were bigger and had a lower gold purity of 90 percent. The Soviets issued these coins with a face value of 10 Roubles in 1925 and from 1975 to 1982. They used the original Soviet era design with current striking year dates. At this time, these were not intended for general circulation but rather as a true gold bullion coin issue.