Starting from the 12th century, and then almost for almost three hundred years, there was a period without the use of coins in the territory of Ancient Russia. The whole paradox of this era was that with the development of cities, domestic and foreign trade, crafts, the number of coins in the territory of Russia not only did not increase, but on the contrary, decreased at a rapid pace. Thus, in the 12th century, coins disappeared altogether.
This period of history is often called the “dark period”, since the secret of the temporary disappearance of Russian monetary affairs is a great mystery, both for numismatists and for scholars of historians and archaeologists. Continue reading