{"id":284064,"date":"2026-02-22T10:45:49","date_gmt":"2026-02-21T23:45:49","guid":{"rendered":"https:\/\/arabcollector.com\/?p=284064"},"modified":"2026-02-22T10:45:52","modified_gmt":"2026-02-21T23:45:52","slug":"the-gold-chervonets-the-story-of-a-peasants-coin","status":"publish","type":"post","link":"https:\/\/arabcollector.com\/en\/%d8%a7%d9%84%d8%b4%d9%8a%d8%b1%d9%81%d9%88%d9%86%d8%aa%d8%b2-%d8%a7%d9%84%d8%b0%d9%87%d8%a8%d9%8a-%d9%82%d8%b5%d8%a9-%d8%b9%d9%85%d9%84%d8%a9-%d8%a7%d9%84%d9%81%d9%84%d8%a7%d8%ad%d9%8a%d9%86-%d8%a7\/","title":{"rendered":"The Gold Chervonets: The Story of a Peasant Currency Rejected by the World"},"content":{"rendered":"<div class=\"html-div xdj266r x14z9mp xat24cr x1lziwak xexx8yu xyri2b x18d9i69 x1c1uobl\">\n<div class=\"html-div xdj266r x14z9mp xat24cr x1lziwak xexx8yu xyri2b x18d9i69 x1c1uobl\" dir=\"auto\">\n<div class=\"html-div xdj266r x14z9mp xat24cr x1lziwak xexx8yu xyri2b x18d9i69 x1c1uobl\" data-ad-rendering-role=\"story_message\">\n<div 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viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/arabcollector.com\/en\/%d8%a7%d9%84%d8%b4%d9%8a%d8%b1%d9%81%d9%88%d9%86%d8%aa%d8%b2-%d8%a7%d9%84%d8%b0%d9%87%d8%a8%d9%8a-%d9%82%d8%b5%d8%a9-%d8%b9%d9%85%d9%84%d8%a9-%d8%a7%d9%84%d9%81%d9%84%d8%a7%d8%ad%d9%8a%d9%86-%d8%a7\/#%D9%88%D9%84%D8%A7%D8%AF%D8%A9_%D8%A7%D9%84%D8%B4%D9%8A%D8%B1%D9%81%D9%88%D9%86%D8%AA%D8%B2_%D8%A7%D9%84%D8%B0%D9%87%D8%A8%D9%8A_%D9%81%D9%8A_%D8%B8%D9%84_%D8%A7%D9%84%D9%81%D9%88%D8%B6%D9%89\" >The birth of the golden cherub amidst chaos<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/arabcollector.com\/en\/%d8%a7%d9%84%d8%b4%d9%8a%d8%b1%d9%81%d9%88%d9%86%d8%aa%d8%b2-%d8%a7%d9%84%d8%b0%d9%87%d8%a8%d9%8a-%d9%82%d8%b5%d8%a9-%d8%b9%d9%85%d9%84%d8%a9-%d8%a7%d9%84%d9%81%d9%84%d8%a7%d8%ad%d9%8a%d9%86-%d8%a7\/#%D8%B5%D8%B1%D8%A7%D8%B9_%D8%A7%D9%84%D8%A3%D9%8A%D8%AF%D9%8A%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7_%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%B1%D9%8F%D9%81%D8%B6%D8%AA_%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9_%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7%D9%8B%D8%9F\" >Ideological conflict: Why was the currency rejected globally?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/arabcollector.com\/en\/%d8%a7%d9%84%d8%b4%d9%8a%d8%b1%d9%81%d9%88%d9%86%d8%aa%d8%b2-%d8%a7%d9%84%d8%b0%d9%87%d8%a8%d9%8a-%d9%82%d8%b5%d8%a9-%d8%b9%d9%85%d9%84%d8%a9-%d8%a7%d9%84%d9%81%d9%84%d8%a7%d8%ad%d9%8a%d9%86-%d8%a7\/#%D8%A7%D9%84%D8%B0%D9%87%D8%A8_%D9%84%D8%A7_%D9%8A%D8%B9%D8%B1%D9%81_%D8%A7%D9%84%D8%A3%D9%8A%D8%AF%D9%8A%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7\" >Gold knows no ideology<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"%D9%88%D9%84%D8%A7%D8%AF%D8%A9_%D8%A7%D9%84%D8%B4%D9%8A%D8%B1%D9%81%D9%88%D9%86%D8%AA%D8%B2_%D8%A7%D9%84%D8%B0%D9%87%D8%A8%D9%8A_%D9%81%D9%8A_%D8%B8%D9%84_%D8%A7%D9%84%D9%81%D9%88%D8%B6%D9%89\"><\/span>The birth of the golden cherub amidst chaos<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div dir=\"auto\">As is our custom, we try to connect the present with the past and currencies with history... and on the occasion of May Day. <a href=\"https:\/\/ar.wikipedia.org\/wiki\/%D9%8A%D9%88%D9%85_%D8%A7%D9%84%D8%B9%D9%85%D8%A7%D9%84_%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A\" target=\"_blank\" rel=\"noopener\">International Workers&#039; Day<\/a> We will tell you about a story that was linked to workers and peasants in one way or another; it is the story of the Golden Chervonets of the Soviet Union.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">The chervonets first appeared as the currency of Soviet Russia in 1922 amidst the economic turmoil gripping the country. The move away from the ruble was intended to solidify a complete break with everything associated with Imperial Russia, and the first chervonets were issued as banknotes.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">In 1923, the gold chervonets was minted. It was intended for use in purchasing foreign products, making it more of a currency for foreign trade than for domestic circulation. The gold chervonets bore Soviet communist slogans; its front featured an image of a peasant sowing his land with factory chimneys in the background, while the back bore Karl Marx&#039;s famous phrase, &quot;Workers of the world, unite!&quot;,<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">The schervonets had the same weight and gold purity as the ten-ruble note, and therefore, when the ruble was reintroduced in the Soviet Union, people began referring to the ten-ruble note as a schervonets.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<div dir=\"auto\">\n<figure id=\"attachment_284066\" aria-describedby=\"caption-attachment-284066\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-284066\" src=\"https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473382933_461493163700926_2084774045083012387_n-Small.jpg\" alt=\"Soviet gold chervonets coin, image of a sowing peasant, 1975\" width=\"800\" height=\"400\" srcset=\"https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473382933_461493163700926_2084774045083012387_n-Small-768x384.jpg 768w, https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473382933_461493163700926_2084774045083012387_n-Small-18x9.jpg 18w, https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473382933_461493163700926_2084774045083012387_n-Small.jpg 800w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-284066\" class=\"wp-caption-text\">Soviet gold chervonets<\/figcaption><\/figure>\n<\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"%D8%B5%D8%B1%D8%A7%D8%B9_%D8%A7%D9%84%D8%A3%D9%8A%D8%AF%D9%8A%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7_%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%B1%D9%8F%D9%81%D8%B6%D8%AA_%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9_%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7%D9%8B%D8%9F\"><\/span>Ideological conflict: Why was the currency rejected globally?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">Many foreign countries refused to accept the gold chervonets due to the communist propaganda they carried, forcing the Soviet government to return to minting coins of the Russian Empire bearing the image of Tsar Nicholas II, whom the Soviets had executed a few years earlier.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">The gold chervonets were minted in 1923 and 1924, but with the same date, 1923. It reappeared between 1975 and 1982 (see article image), but this time as a bullion currency for investment and as a source of income for the Soviet state, which was suffering economically.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">The chevrontz reappeared in 2023 on its centenary, when the Russian government minted a ten-ruble gold coin bearing the image of a peasant from the original chevrontz in 1923.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"800\" height=\"398\" src=\"https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/Russia-Chervonets-coin-2023-anniversary-Small.jpg\" alt=\"\" class=\"wp-image-284067\" srcset=\"https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/Russia-Chervonets-coin-2023-anniversary-Small-768x382.jpg 768w, https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/Russia-Chervonets-coin-2023-anniversary-Small-18x9.jpg 18w, https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/Russia-Chervonets-coin-2023-anniversary-Small.jpg 800w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n<h3 style=\"text-align: right;\" data-path-to-node=\"21,0\"><span class=\"ez-toc-section\" id=\"%D8%A7%D9%84%D8%B0%D9%87%D8%A8_%D9%84%D8%A7_%D9%8A%D8%B9%D8%B1%D9%81_%D8%A7%D9%84%D8%A3%D9%8A%D8%AF%D9%8A%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7\"><\/span><b data-path-to-node=\"21,0\" data-index-in-node=\"0\">Gold knows no ideology<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: right;\" data-path-to-node=\"21,1\">Did you know that the Soviet government, which arose from the ruins of the empire, was forced in the 1920s to mint gold coins bearing the image of the Soviet leader? <b data-path-to-node=\"21,1\" data-index-in-node=\"109\">Emperor Nicholas II<\/b> (Whom they executed 5 years before)?<\/p>\n<p style=\"text-align: right;\" data-path-to-node=\"21,2\"><b data-path-to-node=\"21,2\" data-index-in-node=\"0\">the reason:<\/b> European and American banks questioned the &quot;legitimacy&quot; of the communist Chervonets and refused to deal with them, while they trusted the Tsarist ruble. Therefore, secretly, the Soviets used the old Tsarist molds to mint new gold coins, enabling them to purchase Western machinery and build their communist state!<\/p>\n\n<p>For more similar topics, you can browse the Arabic-language website through <a href=\"https:\/\/arabcollector.com\/en\/siege-money-when-palace-ingots-turn-into\/\">the Link<\/a> the next:<\/p>\n<p><span class=\"1ljboNSkF8c2Ddg0CWq5zKLi6BXfusU7OEmQZxRHI39GMywtPJVaprveY4ATn\"><blockquote class=\"wp-embedded-content\" data-secret=\"Xu8G9iLv4I\"><a href=\"https:\/\/arabcollector.com\/en\/siege-money-when-palace-ingots-turn-into\/\">Siege money: When palace ingots become soldiers&#039; currency<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cSiege Money: When Palace Ingots Become Soldiers\u201d Currency\u201d \u2014 The Arab Collector\" src=\"https:\/\/arabcollector.com\/%d9%86%d9%82%d9%88%d8%af-%d8%a7%d9%84%d8%ad%d8%b5%d8%a7%d8%b1-%d8%b9%d9%86%d8%af%d9%85%d8%a7-%d8%aa%d8%aa%d8%ad%d9%88%d9%84-%d8%b3%d8%a8%d8%a7%d8%a6%d9%83-%d8%a7%d9%84%d9%82%d8%b5%d9%88%d8%b1-%d8%a5\/embed\/#?secret=yjf4mNBlx0#?secret=Xu8G9iLv4I\" data-secret=\"Xu8G9iLv4I\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>The birth of the gold shervontz amidst chaos: As is our custom, we try to connect the present with the past and currencies with history. On the occasion of May Day, International Workers&#039; Day, we will tell you a story linked to workers and peasants in one way or another: the story of the Soviet Union&#039;s gold shervontz. The shervontz first appeared as currency for Soviet Russia in 1922 amidst the economic chaos that gripped the country at the time.<\/p>","protected":false},"author":2447,"featured_media":284068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wpupg_custom_link":[],"wpupg_custom_link_behaviour":[],"wpupg_custom_link_nofollow":[],"wpupg_custom_image":[],"wpupg_custom_image_id":[],"footnotes":""},"categories":[1424],"tags":[6231,6137,6232,6229,6235,6230,6227,6228,6237,6233,6234,6226,6222,6223,6220,6218,6089,6225,1481,6219,6221,6061,6224],"class_list":["post-284064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-numismatics","tag-bullion-coins","tag-gold-coins","tag-gold-investment","tag-golden-chervonetz","tag-karl-marx","tag-nicholas-ii","tag-russian-numismatics","tag-soviet-economy","tag-soviet-union-history","tag-sower-coin","tag-workers-day","tag---2","tag-6222","tag-6223","tag-6220","tag-6218","tag-6089","tag-6225","tag-1481","tag-6219","tag-6221","tag-6061","tag-6224"],"acf":[],"_links":{"self":[{"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/posts\/284064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/users\/2447"}],"replies":[{"embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/comments?post=284064"}],"version-history":[{"count":0,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/posts\/284064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/media\/284068"}],"wp:attachment":[{"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/media?parent=284064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/categories?post=284064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/tags?post=284064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}