Coins of Ivan the Terrible

A small miniature from the Russian annals of the 17th century depicts the process of making coins. From this it is known that silver billets were first smelted in a crucible, and then they were minted, holding the hot billet in special tongs. The big omission on the part of the chronicler is the moment that he did not show how to drag the wire, cut it and plyuschat to get blanks.

Before the reform, two types of money were minted – Novgorod money and Moscow money. Continue reading →