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1977-L Russia 10 Rouble Gold Chervonetz NGC MS67
Item #
264982
Out of Stock
Gorbachev's Gold!
After the Russian Revolution, Lenin boasted that the only use for gold would be to make bathroom fixtures, but Russia very quickly changed course and minted its first Chervonetz Gold coins in the 1920s. The coin features a Russian farmer sowing grain with a factory in the background. Each coin is almost exactly a quarter ounce of pure gold. Chervonetz means "red," and refers to the high purity of gold which often gives the coins a red hue.
Mysteriously, Russia stopped minting Chervonetz gold in the 1920s, and even more mysteriously began minting them again between 1975 and 1982. Through those years, the USSR struck 6.565 million coins, each in .2489 ounces of 90% gold. The biggest mystery of all is what happened to those coins. No one really knows, but until recently only 724 Gold Chervonetz coins were graded at Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC) combined—only 724 coins out of nearly 7 million minted!
A few months ago a small previously unknown hoard surfaced, each coin in pristine condition. We've never seen anything like this Chervonetz Gold Hoard. It's historic significance cannot be understated. Owning historic gold coins of this quality is an opportunity few collectors will ever have, and you are now one of that elite group. We're pleased to offer you Chervonetz coins from the hoard graded by Numismatic Guaranty Corporation (NGC). Grab Gorbachev's gold for your collection!
| Availability | Out of Stock |
|---|---|
| Year of Issue | 1977 |
| Country | Russia |
| Composition | Gold |
| Condition | Graded |
|---|---|
| Grade | MS67 |
| Denomination | 10.00 |
| Currency Type | Rouble |