Coins, 1924–1961[edit]


1924 poltinnik (Rbl 12)

In 1924, copper and silver coins were again minted to pre-war Czarist standards, in denominations of 12 kop, 1 kop, 2 kop, 3 kop, and 5 kop (copper), 10 kop, 15 kop, and 20 kop (in 50% silver), and 50 kop, and Rbl 1 (in 90% silver). From this issue onward, the coins were minted in the name of the USSR (Union of the Soviet Socialist Republics). The "Workers of the World" slogan was carried forward. Coins issued 1921–1923 representing the gold ruble continued to circulate at par with this post-1924 ruble.

Copper coins were minted in two types; plain edge and reeded edge, with the plain-edged types being the fewest in number. The 1 Rbl coin was only issued in 1924, the poltinnik (or Rbl 12) was issued 1924–27, and the denga (or 12 kopeck) was issued 1925–28. In 1926, smaller aluminium-bronze coins were minted to replace the large copper 1 kop, 2 kop, 3 kop, and 5 kop coins, but were not released until 1928. The larger coins were then melted down.

Stalin failed to maintain the ruble's value versus the gold ruble as early as 1925, and by 1930 its value even struggled to stay above the melt value of the silver 10, 15, and 20 kop coins. Soviet authorities scapegoated "hoarders" and "exchange speculators" as responsible for the shortages, and confiscatory measures were taken. In 1931, the remaining silver coins were replaced with redesigned cupro-nickel coins depicting a male worker holding up a shield which contained the denominations of each. All silver coins were to be returned and melted down.

1926 and 1931 issues
ImageValueDiameterMassMinted
1 kop1511926–1935
2 kop1821926–1935
3 kop2231926–1935
5 kop2551926–1935
10 kop17,271,81931–1934
15 kop19,562,71931–1934
20 kop21,843,61931–1934

In 1935, the reverse of the 10, 15, and 20 kopeck coins were redesigned again with a simpler Art Deco inspired design, with the obverse of all denominations also redesigned, having the "Workers of the world, unite!" slogan dropped. The change of the obverse designs did not affect all 1 kop, 2 kop, 3 kop, and 5 kop coins immediately, as some 1935 issues bore the "Workers of the World" design while some bore the new "CCCP" design. The state emblem also went through a series of changes between 1935 and 1957 as new soviet republics were added or created, this can be noted by the number of "ribbons" wrapped around the wheat sheaves. This coin series remained in circulation during and after the monetary reform of 1947 and was finally discontinued in 1961.

1935 issue
ImageValueDiameterMassMinting
1 kop1511935–1941

1945–1946 1948–1957

2 kop1821935–1941

1945–1946 1948–1957

3 kop2231935–1941 1943

1945–1946 1948–1957

5 kop2551935–1941 1943

1945–1946 1948–1957

10 kop17,271,81935–1946

1948–1957

15 kop19,562,71935–1946

1948–1957

20 kop21,843,61935–1946

1948–1957

In August 1941, the wartime emergency prompted the minting facilities to be evacuated from the Neva district in Moscow and relocated to Permskaya Oblast as German forces continued to advance eastward. It only became possible to resume coin production in the autumn of 1942, for one year the country was using coins made before the war. Furthermore, the coins were made of what had suddenly become precious metals – copper and nickel, which were needed for the defense industry. This meant many coins were being produced in only limited quantities, with some denominations being skipped altogether until the crisis finally abated in late 1944. These disruptions led to severe coin shortages in many regions. Limits were put in place on how much change could be carried in coins with limits of 3 Rbls for individuals and 10 Rbls for vendors to prevent hoarding as coins became increasingly high in demand. Only high inflation and wartime rationing helped ease pressure significantly. In some instances, postage stamps and coupons were being used in place of small denomination coins. It was not until 1947 that there were finally enough coins in circulation to meet economic demand and restrictions could be eased.


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