Estimate: 1.300 EURThrace,
Byzantion.
Stater (250–1st century BC).
Condition: ef+
69
Estimate: 1.800 EURRoman Empire,
Matidia.
Denarius (112 AD), Rome.
Condition: very rare, vf /vf+.
222
Estimate: 11.000 EURRoman Empire,
Julian II. Apostata as Caesar.
Solidus (355–357 AD), Rome.
Condition: unc
581
Estimate: 6.000 EURDenmark,
Frederik IV.
Double-Ducat 1704, Copenhagen.
With certificate of authenticity.
Condition: ef-
681
Estimate: 1.000 EURIreland,
George III.
6 Shilling Token 1804.
Condition: PL
805
Estimate: 1.000 EURNetherlands,
Friesland.
Adler-Taler 1598.
Condition: Very rare, vf
886
Estimate: 2.000 EURSinzendorf,
Johann Wilhelm.
Ducat 1753, Nuremberg.
Condition: rare, lightly worked, vf-
1165
Estimate: 2.000 EURPomerania-Stettin,
Bogislaus XIV.
Taler 1629.
Condition: very rare, very fine details, vf+.
1385
Estimate: 1.200 EURReuss,
younger line,
Heinrich XIV.
2 Mark 1884 A.
Condition: unc-
2059
Estimate: 12.500 EURDependencies, Danzig.
25 Gulden 1923.
Condition: PCGS PR62
2681
Archive: People and Markets

Ukraine Plans to Rename Small Coins: ‘Kopiyka’ to Become ‘Shah’

By Sebastian Wieschowski

Central Bank Chief Andriy Pyshnyy stated that the term “Kopiyka” is viewed as a symbol of historical Moscow occupation and is thus outdated. “The Ukrainian people are reclaiming what has been distorted and stolen by Kremlin narratives,” Pyshnyy said in a statement.

Content

Ukraine gives a new name to its currency subdivision. Photo: National Bank of Ukraine.

Ukraine gives a new name to its currency subdivision. Photo: National Bank of Ukraine.

With the new name “Shah,” Ukraine aims to revive its numismatic history and bring Ukrainian traditions into cash circulation. According to the National Bank, the term “Shah” is uniquely Ukrainian, dating back to the 16th and 17th centuries where it was frequently used in literature. Authors like Taras Shevchenko and Lesya Ukrainka mentioned the term in their works, and during the Ukrainian revolution of 1917–1921, even banknotes featuring “Shah” were circulated.

Part of a Strategy for ‘De-Russification’


The planned renaming is part of a broader strategy for ‘De-Russification’ in Ukraine, according to the National Bank. The term ‘Kopiyka’ is rooted in Russian tradition. By introducing ‘Shah,’ Ukraine seeks to symbolically break away from these influences, cleansing its currency of Russian and imperial associations.

The 50 Kopiyka coin was first minted in 1992 and most recently in 2023. Photo: National Bank of Ukraine.

The 50 Kopiyka coin was first minted in 1992 and most recently in 2023. Photo: National Bank of Ukraine.

Rediscovering Ukrainian Heritage


In the coming months, legislative changes are expected to pave the way for the official introduction of ‘Shahs’. A direct exchange of the current ‘Kopiykas’ is not planned, and both coins will continue to circulate for the time being, easing the transition and avoiding additional costs from a complete coin replacement. The design and gradual circulation of ‘Shahs’ will be developed by the National Bank once the legal basis is in place.

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