In the aftermath of the Bolshevik Revolution of 1917, Lenin touted the boyish belief that gold’s only use would be in the manufacture of bathroom fixtures such as taps. It wouldn’t be long, however, before the Soviet Union minted its first Chervonetz gold trade coin in 1923. These first Chervonetz gold coins were minted at the Petrograd mint and are estimated to have been minted to a quantity of a little over 2.7 million. These early, original strikes, however, are scarce and fetch far higher premiums than their later 70s and 80s counterparts. 
Although there were around 6.6 million Chervonetz gold coins struck consecutively through 1975 to 1982, these pieces remained largely elusive and unseen in the global coin and collectibles markets until recently, with only around 730 of these issues being graded between both NGC and PCGS.
A small hoard of these previously elusive pieces was uncovered, with many of the coins later being slabbed and graded by NGC and given the special label to emphasise the historical significance of this Chervonetz Gold Hoard!
The example on display here was minted at the Moscow Mint in 1977 while Leonid Brezhnev was President of the Soviet Union.
The obverse features the national coat of arms of the Soviet Union with hammer and sickle before the rising sun on a document sheet flanked by barley ears.
The reverse boasts a peasant farmer sowing seeds in a field before a plough. An industrial skyline and rising sun fill the background.
An exceptional coin with the history to match.