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- Spot Silver Price: $32.32
Silver coins were in regular circulation in Russia - RSFSR. The values below represent the intrinsic value of silver coins from Russia - RSFSR.
Russia - RSFSR silver coins that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated silver coins from Russia - RSFSR.
The melt values are calculated and displayed in USD based on the today's silver spot price of $32.32 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 10 Kopecks | 1921- 1923 | .500 | 1.8 | 0.90 | .0289 | $0.93 |
| 15 Kopecks | 1921- 1923 | .500 | 2.7 | 1.35 | .0434 | $1.40 |
| 20 Kopecks | 1921- 1923 | .500 | 3.6 | 1.80 | .0579 | $1.87 |
| 50 Kopecks | 1921- 1922 | .900 | 10 | 9.00 | .2894 | $9.35 |
| 1 Ruble | 1921- 1922 | .900 | 20 | 18.00 | .5787 | $18.70 |
The history of silver coins in Russia during the RSFSR period is a fascinating subject that reflects the tumultuous changes in the country during the early 20th century. The RSFSR, or Russian Soviet Federative Socialist Republic, was established after the Russian Revolution of 1917 and lasted until it became the Russian Federation in 1991.
After the Bolsheviks took power in 1917, the new Soviet government faced enormous economic challenges, including hyperinflation and a collapsing currency system. Initially, the Soviet regime continued to use the old Tsarist coins, including silver rubles, due to the lack of resources and infrastructure to mint new coins.
In 1921, the Soviet government introduced new silver coins as part of the monetary reform to stabilize the economy. The first Soviet silver coins were minted in denominations of 10, 15, and 20 kopecks, as well as 1 ruble. These coins featured the hammer and sickle emblem and the inscription "RSFSR."
The designs of the silver coins during the RSFSR period were heavily influenced by Soviet ideology. They often featured symbols of industrial and agricultural labor, such as the hammer and sickle, and emphasized the unity of workers and peasants. The coins were not only a medium of exchange but also a tool for spreading Soviet propaganda.
In 1924, the RSFSR was incorporated into the newly formed Union of Soviet Socialist Republics (USSR). Consequently, the silver coins began to bear the inscription "USSR" instead of "RSFSR." The designs continued to reflect Soviet themes, but the transition marked the end of the distinct RSFSR coinage.
Silver coins from the RSFSR period are now considered valuable collectibles due to their historical significance and the relatively short period during which they were minted. They provide a tangible link to a critical era in Russian history and are sought after by numismatists and historians alike.