Semischnik

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Semischnik

Semischnik  (Russian Семишник, from семь = seven) was the popular name for a Russian coin worth 2 kopeks after the currency reform of Georg Cancrin (реформа Канкрина, 1839 - 1843 ).

In the course of this reform, the worthless assignment ruble was finally withdrawn from circulation, the rate to the silver ruble was set at 3.50: 1. The copper coins relating to the assignment ruble were also withdrawn. The newly issued copper coins were heavier than the old ones and related to the silver ruble. On the reverse, therefore, not only the value was stamped, but also the word "серебромъ" - "in silver". Thus, the value of the new 2-kopeck coins corresponded to seven old kopecks, which was reflected in the popular name.

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