{"id":284071,"date":"2026-02-22T10:57:19","date_gmt":"2026-02-21T23:57:19","guid":{"rendered":"https:\/\/arabcollector.com\/?p=284071"},"modified":"2026-02-23T21:38:13","modified_gmt":"2026-02-23T10:38:13","slug":"russian-platinum-coins","status":"publish","type":"post","link":"https:\/\/arabcollector.com\/en\/%d8%b9%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d9%84%d8%a7%d8%aa%d9%8a%d9%86-%d8%a7%d9%84%d8%b1%d9%88%d8%b3%d9%8a%d8%a9\/","title":{"rendered":"Russian platinum coins"},"content":{"rendered":"<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" 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%b9%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d9%84%d8%a7%d8%aa%d9%8a%d9%86-%d8%a7%d9%84%d8%b1%d9%88%d8%b3%d9%8a%d8%a9\/#%D8%A7%D9%83%D8%AA%D8%B4%D8%A7%D9%81_%D8%A7%D9%84%D8%A8%D9%84%D8%A7%D8%AA%D9%8A%D9%86_%D9%81%D9%8A_%D8%B3%D9%8A%D8%A8%D9%8A%D8%B1%D9%8A%D8%A7\" >Discovery of platinum in Siberia<\/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%b9%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d9%84%d8%a7%d8%aa%d9%8a%d9%86-%d8%a7%d9%84%d8%b1%d9%88%d8%b3%d9%8a%d8%a9\/#%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%A7%D8%AE%D8%AA%D8%A7%D8%B1%D8%AA_%D8%B1%D9%88%D8%B3%D9%8A%D8%A7_%D9%81%D8%A6%D8%A7%D8%AA_3_%D9%886_%D9%8812_%D8%B1%D9%88%D8%A8%D9%84%D8%9F\" >Why did Russia choose the 3, 6 and 12 ruble denominations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/arabcollector.com\/en\/%d8%b9%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d9%84%d8%a7%d8%aa%d9%8a%d9%86-%d8%a7%d9%84%d8%b1%d9%88%d8%b3%d9%8a%d8%a9\/#%D9%86%D9%87%D8%A7%D9%8A%D8%A9_%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D8%A8%D8%A9_%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%B5%D9%8F%D9%87%D8%B1%D8%AA_%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA%D8%9F\" >End of the experiment: Why were the coins melted down?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/arabcollector.com\/en\/%d8%b9%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d9%84%d8%a7%d8%aa%d9%8a%d9%86-%d8%a7%d9%84%d8%b1%d9%88%d8%b3%d9%8a%d8%a9\/#%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%AA%D8%B9%D8%AA%D8%A8%D8%B1_%D9%87%D8%B0%D9%87_%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA_%E2%80%9C%D9%83%D9%86%D8%B2%D8%A7%D9%8B%E2%80%9D_%D9%84%D9%84%D9%87%D9%88%D8%A7%D8%A9_%D8%A7%D9%84%D9%8A%D9%88%D9%85%D8%9F\" >Why are these coins considered a &quot;treasure&quot; for collectors today?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"%D8%A7%D9%83%D8%AA%D8%B4%D8%A7%D9%81_%D8%A7%D9%84%D8%A8%D9%84%D8%A7%D8%AA%D9%8A%D9%86_%D9%81%D9%8A_%D8%B3%D9%8A%D8%A8%D9%8A%D8%B1%D9%8A%D8%A7\"><\/span>Discovery of platinum in Siberia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div dir=\"auto\">Platinum was discovered in Siberia in <a href=\"https:\/\/ar.wikipedia.org\/wiki\/%D8%B1%D9%88%D8%B3%D9%8A%D8%A7_%D8%A7%D9%84%D9%82%D9%8A%D8%B5%D8%B1%D9%8A%D8%A9\" target=\"_blank\" rel=\"noopener\">Tsarist Russia<\/a> In 1819, economically viable quantities of it were found, and in 1824, its newly developed mining methods enabled Russia to obtain large quantities of it, making it one of the world&#039;s largest exporters, and inspired the Russian monetary authorities to consider using platinum in minting coins.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%A7%D8%AE%D8%AA%D8%A7%D8%B1%D8%AA_%D8%B1%D9%88%D8%B3%D9%8A%D8%A7_%D9%81%D8%A6%D8%A7%D8%AA_3_%D9%886_%D9%8812_%D8%B1%D9%88%D8%A8%D9%84%D8%9F\"><\/span>Why did Russia choose the 3, 6 and 12 ruble denominations?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">The minting of platinum coins for circulation began in 1828 and continued until 1845. It started with coins of the 3 ruble denomination, followed by coins of the 6 ruble and 12 ruble denominations in 1829 and 1830 respectively.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">Platinum coins carried the same designs as traditional silver coins, but the high density of platinum made these coins twice as heavy as silver. Since the price of platinum at that time was six times the price of silver, the silver quarter-ruble coin became worth 3 rubles when the same coin with the same dimensions and weight was minted from platinum (twice the weight and six times the value gives 12 times the quarter-ruble, i.e., three rubles). This explains the unusual nominal values of these issues.<\/div>\n<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<h2 dir=\"auto\"><span class=\"ez-toc-section\" id=\"%D9%86%D9%87%D8%A7%D9%8A%D8%A9_%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D8%A8%D8%A9_%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%B5%D9%8F%D9%87%D8%B1%D8%AA_%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA%D8%9F\"><\/span>End of the experiment: Why were the coins melted down?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">The minting of these coins did not last long, as the high cost of manufacturing them (platinum is harder than silver and gold) in addition to fears of a decrease in the value of platinum prompted the authorities to withdraw these coins from circulation, melt them down and replace them with other circulating currencies in 1845.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">Thus ended the first and last experiment in the world to mint coins from platinum for circulation, which made Russian platinum coins from that period coveted by collectors from all over the world.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">It is worth noting that some countries issue platinum bullion coins not for trading purposes, but for investors who wish to acquire this precious metal.<\/div>\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div dir=\"auto\">\n<figure id=\"attachment_284072\" aria-describedby=\"caption-attachment-284072\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-284072 size-full\" src=\"https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473522253_461489997034576_1872077840610345878_n-Small.jpg\" alt=\"Russian platinum coins\" width=\"800\" height=\"400\" srcset=\"https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473522253_461489997034576_1872077840610345878_n-Small-768x384.jpg 768w, https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473522253_461489997034576_1872077840610345878_n-Small-18x9.jpg 18w, https:\/\/pub-8c6367eeb78947fb9a67f9647334fc7f.r2.dev\/wp-content\/uploads\/2026\/02\/473522253_461489997034576_1872077840610345878_n-Small.jpg 800w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-284072\" class=\"wp-caption-text\">The image is of a Russian platinum six-ruble coin from 1829.<\/figcaption><\/figure>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<div class=\"x14z9mp xat24cr x1lziwak x1vvkbs xtlvy1s x126k92a\">\n<div dir=\"auto\">\u00a0<\/div>\n<\/div>\n<h3 style=\"text-align: right;\" data-path-to-node=\"21,0\"><span class=\"ez-toc-section\" id=\"%D9%84%D9%85%D8%A7%D8%B0%D8%A7_%D8%AA%D8%B9%D8%AA%D8%A8%D8%B1_%D9%87%D8%B0%D9%87_%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA_%E2%80%9C%D9%83%D9%86%D8%B2%D8%A7%D9%8B%E2%80%9D_%D9%84%D9%84%D9%87%D9%88%D8%A7%D8%A9_%D8%A7%D9%84%D9%8A%D9%88%D9%85%D8%9F\"><\/span><b data-path-to-node=\"21,0\" data-index-in-node=\"0\">Why are these coins considered a &quot;treasure&quot; for collectors today?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: right;\">\n<p data-path-to-node=\"21,1,0,0\"><b data-path-to-node=\"21,1,0,0\" data-index-in-node=\"0\">Uniqueness:<\/b> Russia is the only country in history to have issued platinum coins for everyday use (and not just as commemorative coins).<\/p>\n<\/li>\n<li style=\"text-align: right;\">\n<p data-path-to-node=\"21,1,1,0\"><b data-path-to-node=\"21,1,1,0\" data-index-in-node=\"0\">Scarcity:<\/b> After the decision to melt down the coins in 1845, the majority of the issues were lost, and only a few remain in museums and private collections.<\/p>\n<\/li>\n<li>\n<p style=\"text-align: right;\" data-path-to-node=\"21,1,2,0\"><b data-path-to-node=\"21,1,2,0\" data-index-in-node=\"0\">Dual value:<\/b> Its value comes not only from the price of raw platinum metal (which sometimes exceeds the price of gold), but also from its historical value as a rare work of art from the time of the Caesars.<\/p>\n<\/li>\n<\/ul>\n<p>For more similar topics, you can browse the Arab collector&#039;s website through <a href=\"https:\/\/arabcollector.com\/en\/the-gold-chervonets-the-story-of-a-peasants-coin\/\">the Link<\/a> the next:<\/p>\n<p><span class=\"Q5rcoKFzlIBV8bNtfLq0w4EnjXuJ9DvCOZspiRU7mP6aeGx2MTAhy1kgYH\"><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"nUbDR2bMxN\"><p><a href=\"https:\/\/arabcollector.com\/en\/the-gold-chervonets-the-story-of-a-peasants-coin\/\">The Gold Chervonets: The Story of a Peasant Currency Rejected by the World<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cThe Gold Chervonets: The Story of the Peasant Currency Rejected by the World\u201d \u2014 The Arab Collector\" src=\"https:\/\/arabcollector.com\/%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\/embed\/#?secret=zg2ERYuNdE#?secret=nUbDR2bMxN\" data-secret=\"nUbDR2bMxN\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>The discovery of platinum in Siberia: Platinum was discovered in Siberia, in Tsarist Russia, in 1819, and economically viable quantities were found in 1824. Newly developed mining methods enabled Russia to obtain large quantities, making it one of the world&#039;s largest exporters and prompting Russian monetary authorities to consider using platinum in minting coins. Why\u2026<\/p>","protected":false},"author":2447,"featured_media":284076,"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":[6253,3035,6247,5785,6252,942,6246,6250,6248,6079,6249,6251,6240,6241,6082,1065,6244,6239,6089,2913,6242,6243,6238,6245],"class_list":["post-284071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-numismatics","tag-bullion-2","tag-coin-collecting","tag-imperial-russia","tag-monetary-history","tag-nicholas-i","tag-numismatics","tag-platinum-coins","tag-platinum-investment","tag-precious-metals","tag-rare-coins","tag-russian-ruble","tag-siberian-platinum","tag-6240","tag-6241","tag-6082","tag-1065","tag-6244","tag-6239","tag-6089","tag-2913","tag-6242","tag-6243","tag-6238","tag-6245"],"acf":[],"_links":{"self":[{"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/posts\/284071","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=284071"}],"version-history":[{"count":0,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/posts\/284071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/media\/284076"}],"wp:attachment":[{"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/media?parent=284071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/categories?post=284071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arabcollector.com\/en\/wp-json\/wp\/v2\/tags?post=284071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}