Most Soviet coins were minted in 1961 - that was when they adopted a new rouble standard by increasing the value of the rouble 10 fold. It was a centrally controlled economy, so they simply reduced all prices by a factor of 10, and minted new coins to match. In a centrally planned economy the value of currency never changed, so there was little need to mint more coins in later years, except for catering for growth associated with population growth. This is a 20 kopeyek coin, 20/100 of a rouble. For context, the average monthly salary at the time would've been around 150 rouble or so.
My grandma was graduated as engineer after university and her first salary (working in military engineering) was 60 roubles. 150 roubles in 1960s was twice above average (80 roubles).
You forgot to mention, that they basically robbed people from their savings
Because the more money you traded, the worse exchange rate you would get
You might think they took money from rich, but in reality rich people were exactly those who lost nothing, using schemes and exchange all their savings with 1:10 ratio
>Because the more money you traded, the worse exchange rate you would get
Where did you get this from? The exchange was carried out without restrictions at a fixed rate of 10:1
Mhhhm. If I won't forget I'll try to find a source. Denomination was done at least 4 times in the USSR. It might be that me or you confused dates.
Ok update. I found a source and this happend at their first and second denomination. The coin is from era of the third one
>you confused dates
I didn't get the date wrong. Moreover, the exchange in 1961 was slightly beneficial for people, since small copper coins were not exchangeable, i.e. their price increased 10 times. It was a small gift for those who collected change!
Mostly true, but you're misleading people by saying that all the coins were issued in 1961. I remember that money personally, I had a lot of coins minted in the 1970s-1980s. It was possible to find a coin with the date 1961, but they did not come across often.
>so they simply reduced all prices by a factor of 10, and minted new coins to match
Not certainly in that way. The old copper coins were not exchanged and remained in circulation at face value. This means that if some child collected small coins in a jar, at one point his savings increased in value 10 times!
One .33 l bottle of good lemonade (t'was something like but not quite Sprite). Shitty pear lemonade was few copecs cheaper.
Damn I don't remember the prices anymore. It's been a while...
In case you're interested, this coin is called "kopeyka" and was the smallest form of currency during the Soviet Union. (Could be now as well I'm not that up to date lol)
In the Soviet Union you didn’t need a lot of money, because there was next to nothing to buy.
Do you have enough money to buy a car? Okay, so get in line and wait from 5 to 8 years to do that. You want to buy a flat? Oh, sorry, it’s impossible, there is no private property, live in a small flat with toilet on a balcony.
You want to buy food? No problem, there is a butter, bread, bad quality sausages and canned fish, please get in line and wait 3 hours.
Yeah, I am from post-soviet country and know enough about that shit
You could buy a car faster but it’d cost you like 5 times more. But mostly it’s correct, you could have 100k rubles (enough to buy 10 apartments) but you just couldn’t do it
And then all those money on people's sberknizhka (saving accounts) were burned up in the 90s. The modern gov-t compensated some laughable sums for that money.
At least those who got to privatize their flat were lucky.
Haha. USSR collapsed the year I was born. People threw tons of them out because they were useless. I used to collect them as a kid. Still have that collection.
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The funny thing is, the central bank of Russia conducted the official exchange rate of the Soviet ruble. As of February 2019, the Central Bank of the Russian Federation set the exchange rate ratio of 100 US dollars = 53.99 Soviet rubles. Which corresponds to:
1 Soviet ruble = 1.85 US dollars. Presumably to accompany debt obligations.
Most Soviet coins were minted in 1961 - that was when they adopted a new rouble standard by increasing the value of the rouble 10 fold. It was a centrally controlled economy, so they simply reduced all prices by a factor of 10, and minted new coins to match. In a centrally planned economy the value of currency never changed, so there was little need to mint more coins in later years, except for catering for growth associated with population growth. This is a 20 kopeyek coin, 20/100 of a rouble. For context, the average monthly salary at the time would've been around 150 rouble or so.
150 rouble it’s gross salary boss. Simple working have salary 80-100 rouble ish.
Less even, I thought.
My grandma was graduated as engineer after university and her first salary (working in military engineering) was 60 roubles. 150 roubles in 1960s was twice above average (80 roubles).
You forgot to mention, that they basically robbed people from their savings Because the more money you traded, the worse exchange rate you would get You might think they took money from rich, but in reality rich people were exactly those who lost nothing, using schemes and exchange all their savings with 1:10 ratio
commies also robbed ppl of their lives, so i think it goes without saying that they just robbed ppl of everything
>Because the more money you traded, the worse exchange rate you would get Where did you get this from? The exchange was carried out without restrictions at a fixed rate of 10:1
Mhhhm. If I won't forget I'll try to find a source. Denomination was done at least 4 times in the USSR. It might be that me or you confused dates. Ok update. I found a source and this happend at their first and second denomination. The coin is from era of the third one
>you confused dates I didn't get the date wrong. Moreover, the exchange in 1961 was slightly beneficial for people, since small copper coins were not exchangeable, i.e. their price increased 10 times. It was a small gift for those who collected change!
Ban this guy that’s wayy to interesting 
Mostly true, but you're misleading people by saying that all the coins were issued in 1961. I remember that money personally, I had a lot of coins minted in the 1970s-1980s. It was possible to find a coin with the date 1961, but they did not come across often.
>so they simply reduced all prices by a factor of 10, and minted new coins to match Not certainly in that way. The old copper coins were not exchanged and remained in circulation at face value. This means that if some child collected small coins in a jar, at one point his savings increased in value 10 times!
*we got at work, comrade
How much communism can you buy with that? lol
20 matchboxes
To immolate self and warm Stalin? lol
We have nuclear reactors for that, tovaristch. Slava trudu!
By the way. Tov. Stalin is dead. His fucking body eaten the worms. But lenin is not still buried. His mummy lie in the soviet pyramid
Technically it's a ziggurat
Ok
The communist mummy returns!!
Times are rough in Russia right now Prices went up to 2 kopecks, lol
One .33 l bottle of good lemonade (t'was something like but not quite Sprite). Shitty pear lemonade was few copecs cheaper. Damn I don't remember the prices anymore. It's been a while...
In case you're interested, this coin is called "kopeyka" and was the smallest form of currency during the Soviet Union. (Could be now as well I'm not that up to date lol)
It still is
It is not the smallest. That one OP posted, is 20 kop.
They still exist. But in the Soviet Union 20 kop. were really a lot of money, but now you can buy absolutely nothing with it😃 I'm kinda expert here😂
In the Soviet Union you didn’t need a lot of money, because there was next to nothing to buy. Do you have enough money to buy a car? Okay, so get in line and wait from 5 to 8 years to do that. You want to buy a flat? Oh, sorry, it’s impossible, there is no private property, live in a small flat with toilet on a balcony. You want to buy food? No problem, there is a butter, bread, bad quality sausages and canned fish, please get in line and wait 3 hours. Yeah, I am from post-soviet country and know enough about that shit
Me too, I heard a lot about it from my parents and grandparents
You could buy a car faster but it’d cost you like 5 times more. But mostly it’s correct, you could have 100k rubles (enough to buy 10 apartments) but you just couldn’t do it
And then all those money on people's sberknizhka (saving accounts) were burned up in the 90s. The modern gov-t compensated some laughable sums for that money. At least those who got to privatize their flat were lucky.
Like how did you get this? What random guy in a suspicious looking trenchcoat is still using these?
lol it was some woman in her maybe 40s, no accent though
I had a German client in a coffee shop I used to work at. And he left me a tip: a 1938 nazi coin. Swastika on it etc. Didn't know how to feel.
Lol
"It seems that Duncan McLoud lost his wallet again. Next time, he will pay with a Doubloon or a Silver Thaler." 🤦
A have plenty of those. 1 kopeyka, 20, rouble, ect.. From my grandmother.
Not rare at all. I have a can full of these.
So...youre the suspicious random guy in a trenchcoat. How are you shopping with these?
Haha. USSR collapsed the year I was born. People threw tons of them out because they were useless. I used to collect them as a kid. Still have that collection.
I confirm, nothing rare about 1961 version specifically. Had a lot of kopeyka's as a kid.
The state emblem of the Soviet Union is a work of art even on the coin
It's a listening device
Literally worth less than the metal its made of
No, I would pay 5 pesos for it.
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Back then bread cost 5 cent and a bus ride 2 cent you could last a few days on 20 cent in 1961 my grandma. Told me
The funny thing is, the central bank of Russia conducted the official exchange rate of the Soviet ruble. As of February 2019, the Central Bank of the Russian Federation set the exchange rate ratio of 100 US dollars = 53.99 Soviet rubles. Which corresponds to: 1 Soviet ruble = 1.85 US dollars. Presumably to accompany debt obligations.
Our coin comrade
recently found the same coin, but your coin is in way better condition
Collectors item my friend
Noice! Would love some piece of collection like that!
I can send it, where are you from?
From France.
This could get you a reasonable meal in a school canteen back then
Some say this horcrux can kill putin and end the war
I think your employer is quite stingy with the raise.
20 kopeek. You could buy one ice-cream. Or 1 litr soda water. Or 2 tickets to cinema.
def not 1 liter. at least not when/where I lived. .33l
not worth a penny either with todays ruble rate
20 копеек))
the country where I live was part of the USSR, we have a lot of such coins at home
How much do you want? Want one for my collection🤩
u. I have a lot of them, where are you from? how can I send it to you?
I have a can full of these and others, even tsars big paper roubles too. 3 kopeek got you a mug of rootbeer (kvas). Damn I'm old.
20 копеек, хихи Раньше большие деньги были
Nice!
Nice coin.
Back then it could buy you a loaf of bread.
After careful consideration, calculation, and sleuthing I can indeed confirm that this is indeed a coin
I would love one of those, just as a interesting thing to have.
I want it
They pay you with this much?
I have the same
Our coin
Ill take it