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<p>[QUOTE=&quot;scottishmoney, post: 2508482, member: 12789&quot;]GDJMSP, after the Russian Revolution the USSR took over the Goznak facility in Sankt Peterburg, later Petrograd, then Leningrad and continued minting Tsar Nikolai II 10 rubles in gold dated 1911 well into the very late 1920s and possibly into the 30s as they were using them as payments for international goods.&nbsp; Official mintage reports from 1911 report 50K coins being minted, but there are far more out there even after all the melts etc.&nbsp; For domestic consumption only, well in theory, the Soviets had Chervonetz coins minted 1923-25 -but they were more for show than for actual circulation.&nbsp; Basically they were minted to give the appearance of a gold backed ruble after some 5-6 years of inflation and redenominations of the currency.&nbsp; Silver coinage did circulate but only until 1932 then Stalin made the ruble the first &quot;fiat&quot; currency - in theory it was backed by gold ie the gold ruble, but in practice it was backed by the full faith and pledge of the Soviet workers.[/QUOTE]</p><p><br /></p>

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