Obverse of a 1923 RSFSR gold chervonetsReverse of a 1923 RSFSR gold chervonets with the peasant-sowerSmithsonian National Museum of American History · CC0 ↗

Gold market · RSFSR

1923 RSFSR Gold Chervonets

1 червонец 1923 года · ПЛ

The first Soviet gold trade coin pairs the RSFSR arms with the iconic peasant-sower, linking agriculture, industry, and the monetary reform of the early 1920s. Its gold content follows the pre-revolutionary 10-rouble standard.

Evidence viewAuction results are observations, not an appraisal.Data: verified seed
CatalogY# 85 · Fr# 181 · Fedorin 1
MintPetrograd Mint · ПЛ
Composition.900 gold
Weight8.6026 g
Fine gold7.742 g · 0.2489 oz AGW
Diameter22.5–22.6 mm
Mintage2,751,000

Comparable evidence · 2015–2025

Auction results and today’s estimate.

Every row preserves the actual auction result. The estimated current equivalent is a calculated reference value in June 2026 dollars—not a new sale, appraisal, or prediction of what this specific coin would sell for today.

Estimate base date2026-06-30latest completed CPI month
Gold$4,008per troy ounce
Gold inside this coin$9987.742 g · 0.2489 troy oz fine gold
Estimate

Calculated current-dollar equivalent as of 2026-06-30; actual market value depends on grade, condition, eye appeal, fees, and demand.

DateVenue / gradeOriginalUSD at saleEstimated current USDas of 2026-06-30vs metalSource
Heritage AuctionsNGC MS63
$3,525$3,525Estimate$4,963+397%Lot ↗
Heritage AuctionsNGC MS63
$3,055$3,055Estimate$4,213+322%Lot ↗
Heritage AuctionsNGC MS63
$5,760$5,760Estimate$7,025+604%Lot ↗
Heritage AuctionsNGC MS64
$5,880$5,880Estimate$6,713+573%Lot ↗
Katz Auction 125NGC MS63
€6,145$6,672Estimate$7,085+610%Lot ↗
Heritage AuctionsNGC UNC Details · Cleaned
$6,000$6,000Estimate$6,256+527%Lot ↗
Heritage AuctionsNGC MS64
$11,400$11,400Estimate$11,825+1,085%Lot ↗
Heritage AuctionsPCGS MS64
$9,900$9,900Estimate$10,220+924%Lot ↗

RUB appears only when an auction’s original result is denominated in rubles. “vs metal” is the numismatic premium over the 2026 USD melt value; it is not a return calculation and excludes seller fees, shipping, tax, and grading costs.

Full calculation

One chain, visible end to end.

  1. 01
    Currency on sale date

    USD at sale = original currency × historical FX. Example: €6,145 × 1.0857 = $6,671.63.

  2. 02
    Inflation to June 2026

    2026 USD = USD at sale × 332.568 ÷ CPI for the sale month.

  3. 03
    Metal floor

    0.2489 oz × $4,008 = $998.

Sources & limits

Reproducible assumptions

BLS CPI-U via FRED ↗

Daily gold series ↗

ECB historical FX ↗

CPI is the seasonally adjusted CPI-U series. Gold is the 30 June 2026 daily price of $4,008.33/oz. The Katz hammer excludes buyer premium and remains marked for review. Grade, cleaning, eye appeal, and auction fees can dominate price differences.

Search vocabulary

One coin, many spellings.

1923 chervonets1923 chervonetz gold1 червонец 1923 ПЛRSFSR 10 roubles 19231923 Soviet gold Y 85