The Russian George the Victorious (russian: монета Георгий Победоносец) is a
bullion coin issued in
gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...
and
silver
Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...
by the
Central Bank of Russia. Mintage began in 2006 with quarter-troy ounce (7.78g) gold coins with a
face value
The face value, sometimes called nominal value, is the value of a coin, bond, stamp or paper money as printed on the coin, stamp or bill itself by the issuing authority.
The face value of coins, stamps, or bill is usually its legal value. Howe ...
of 50
rubles
The ruble (American English) or rouble (Commonwealth English) (; rus, рубль, p=rublʲ) is the currency unit of Belarus and Russia. Historically, it was the currency of the Russian Empire and of the Soviet Union.
, currencies named ''rub ...
and later in 2009 a one-troy ounce silver coin was introduced with a face value of 3 rubles. Since then, tenth, half, and one-troy ounce gold coins have been minted.
Background
Saint George
Saint George ( Greek: Γεώργιος (Geórgios), Latin: Georgius, Arabic: القديس جرجس; died 23 April 303), also George of Lydda, was a Christian who is venerated as a saint in Christianity. According to tradition he was a soldie ...
was a Roman soldier and a member of the
Praetorian Guard
The Praetorian Guard (Latin: ''cohortēs praetōriae'') was a unit of the Imperial Roman army that served as personal bodyguards and intelligence agents for the Roman emperors. During the Roman Republic, the Praetorian Guard were an escort fo ...
for
Roman emperor Diocletian
Diocletian (; la, Gaius Aurelius Valerius Diocletianus, grc, Διοκλητιανός, Diokletianós; c. 242/245 – 311/312), nicknamed ''Iovius'', was Roman emperor from 284 until his abdication in 305. He was born Gaius Valerius Diocles ...
who died in 303 AD. He was sentenced to death for refusing to recant his
Christian faith
Christianity is an Abrahamic religions, Abrahamic Monotheism, monotheistic religion based on the Life of Jesus in the New Testament, life and Teachings of Jesus, teachings of Jesus, Jesus of Nazareth. It is the Major religious groups, world's ...
. He was a
Great Martyr for the
Eastern Orthodox Church
The Eastern Orthodox Church, also called the Orthodox Church, is the second-largest Christian church, with approximately 220 million baptized members. It operates as a communion of autocephalous churches, each governed by its bishops via ...
and a highly revered saint in both the Western and Eastern Christian churches. He is the patron saint for Moscow, England, Georgia, and Ethiopia. The legend of
Saint George and the Dragon
In a legend, Saint Georgea soldier venerated in Christianitydefeats a dragon. The story goes that the dragon originally extorted tribute from villagers. When they ran out of livestock and trinkets for the dragon, they started giving up a human tr ...
tells the story of Saint George slaying a dragon and saving a princess that was going to be sacrificed to the dragon. Images and sculptures of the legend have been produced since at least the 11th century.
The reverses of the coins have an image of Saint George slaying the dragon, as does the
British sovereign coin
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world ...
.
Design
The coin was designed and sculpted by A. V. Baklanov and
minted
Minted is an online marketplace of premium design goods created by independent artists and designers. The company sources art and design from a community of more than 16,000 independent artists from around the world. Minted offers artists two bus ...
at the
Saint Petersburg Mint and the
Moscow Mint. The 2006-2016 obverse features the emblem of the Central Bank of Russia—a
double-headed eagle
In heraldry and vexillology, the double-headed eagle (or double-eagle) is a charge associated with the concept of Empire. Most modern uses of the symbol are directly or indirectly associated with its use by the late Byzantine Empire, origi ...
with wings down. This emblem was the same one used by the
Russian Republic
The Russian Republic,. referred to as the Russian Democratic Federal Republic. in the 1918 Constitution, was a short-lived state which controlled, ''de jure'', the territory of the former Russian Empire after its proclamation by the Rus ...
in 1917. Both obverses are inscribed with "БАНК РОССИИ" (Bank of Russia), "ПЯТЬДЕСЯТ РУБЛЕЙ" (Fifty rubles), indications of the precious metal content and its fineness, and the year of issue followed by the
mint mark. M is the mint mark for the Moscow Mint and C-П is for the St. Petersburg Mint. From 2017 forward, The double-headed eagle version was replaced with the current
Coat of arms of Russia
The coat of arms of Russia derives from the earlier coat of arms of the Russian Empire which was abolished with the Russian Revolution in 1917. Though modified more than once since the reign of Ivan III (1462–1505), the current coat of arms ...
. The top of the coin is inscribed with "РОССИЙСКАЯ ФЕДЕРАЦИЯ" (Russian Federation). This version of the obverse was designed by E. V. Kramskaya.
Gold
Gold George the Victorious coins were first issued on February 1, 2006.
Gold in proof quality
In August 2012, the Central Bank of the Russian Federation issued two special coins under "Saint George the Victorious" title. One coin has denomination "50 rubles" minted in 99.9% purity, and contains not less than 7.78 grams of fine gold. Unlike traditional 50 rubles Saint George the Victorious, the coin is minted in proof quality. Another coin has "100 rubles" denomination, features 99.9% purity, contains not less than 15.55 gram of fine gold. The coin has the same design as 50 rubles Saint George the Victorious coins (except denomination on the obverse) but greater diameter and thickness. There are 240 corrugations on the edge of the coin (134 corrugations are on the edge of 50 rubles coins). The coin is also minted in proof quality.
Higher prices (10-20% over uncirculated competitors of the same gold content), low mintages (10 thousand pieces of each denomination were issued) and a special care of proof coin handling turn Gold Saint George the Victorious in proof quality coins into numismatic items (commemorative coins) rather than means of a straightforward investment in gold coins.
Silver
Silver George the Victorious coins were first issued on January 11, 2009.
See also
*
Bullion
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...
*
Bullion coins
*
Gold as an investment
*
Inflation hedge
*
List of commemorative coins of Russia (2009)
*
Silver as an investment
Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical cond ...
Notes
{{Portal bar, Money, Numismatics, Russia
Saint George and the Dragon
Bullion coins of Russia
Gold bullion coins
Silver bullion coins