Construction In Russia Unearths Medieval Coins - Gainesville Coins News
No Minimum order! We accept Pay with Credit Card
Call Us: (813) 482-9300 Mon-Fri 9:00AM-6:00PM EST
Login or Register
Log into your account
About Gainesville Coins ®
Billions Of Dollars Bought And Sold A+ BBB Rating 10+ Years No Hidden Fees Or Commissions All Inventory Ships Directly From Our Vault

Construction In Russia Unearths Medieval Coins

blog | Published On by
Construction In Russia Unearths Medieval Coins

This year, there's been a great deal of construction and infrastructure improvement in the Russian capital of Moscow. Amid the building projects and renovations, a surprising side-effect has emerged on more than one occasion: Rare old coins are being recovered from the construction sites!

Unexpected Discoveries

It's often the case in life that we set out at a task with one particular goal in mind only to find that we've achieved something totally unforeseen along the way. Numerous scientific discoveries have arisen in this manner—as does the unfolding of the plot in untold numbers of mystery novels.

It stands to reason that long-neglected or isolated areas are a prime location where forgotten artifacts (or even buried treasure!) may be lurking beneath the debris. It's nonetheless surprising to find relics from centuries past that remain intact beneath the outgrowth of our modern urban landscapes.

A pair of such stories have surfaced in Russia in just the past few months. The country's capital city, Moscow, is currently undergoing a sprawling gentrification project. Old or blighted buildings and roads around the city are being renovated or rebuilt.

In May, it was reported that one of these construction sites near Moscow's downtown had yielded an ivory chess piece (a bishop) that dated to the time of Ivan the Terrible in the middle of the 16th century. An important piece of history in its own right, the chess piece held a secret within: a small cache of ten handmade silver coins. Their face value amounted to 5 kopeks at the time.

This naturally raises questions about whether or not other chess pieces from the same ivory set, if still extant, were also used to hide more coins.

Then, in September, another story of medieval coins made of precious metals emerged. Similarly uncovered during routine construction work in Moscow, this time a hoard of over 40 small gold coins from the 17th century were found. Archaeologists are still evaluating and analyzing the find.

These two exciting discoveries are more evidence that rare gold or silver coins from across human history could be waiting to be found right beneath your feet—as long as one knows where to look!


The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

This site uses cookies for analytics and to deliver personalized content. By continuing to browse our site, you agree that you have read and understand our Privacy Policy.