How long ago and under what circumstances did the penny appear? Detailed answer

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How long ago and under what circumstances did the penny appear? Detailed answer

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How long ago and under what circumstances did the penny appear?

The penny as a coin of the unified Russian state appeared during the reign of Elena Vasilievna Glinskaya, the second wife of Grand Duke Vasily III Ivanovich, regent in 1533-1538 under the infant Grand Duke Ivan IV Vasilyevich.

In 1535, she carried out a monetary reform, after which on coins with a denomination of 1/100 rubles, instead of the image of the Grand Duke with a sword in his hand, they began to mint his image with a spear, in connection with which the new money was called spear, or kopecks.

Author: Kondrashov A.P.

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