The Russian Ruble is the second oldest currency still in existance after the British Pound. Gold Russian rubles were struck in various denominations, the most common being 5, 10, and 15 rubles. The 7.5 ruble was also minted but is less common. Historic pieces from the 17th Century with effigies of Elizaveta and Ekaterina II are also seen but command very high premiums. More commonly seen are the Russian Rubles featuring Nicolas II who was the last Russian Royal to feature on Russian coinage
The gold ruble coins were part of Russia’s attempt to stabilize its currency and economy by linking it to a gold standard which was being used by other major economies of the time. This was particularly significant in the late 19th century when Russia was undergoing industrialisation and expanding its international influence. After the Russian Revolution and the establishment of the Soviet Union, the gold ruble was replaced by the Soviet ruble. The imperial gold roubles ceased to be legal tender but continued to circulate in international trade for some time due to their gold content
Gold Ruble Premiums
The Russian Gold Rubles were struck in relatively high mintages and so the coins are usually easy to source in the British market at modest premiums
The most common Russian Gold Ruble coins feature Nicholas II. He was the last reigning emperor of Russia as well as being the grand Duke of Finland
Nicholas II abdicated the throne during World War I and a revolution at the time in Russia. Nicholas II Rubles are available in 5, 10, 7.5, 15 denominations