154Prussia. Frederick William IV, 1840–1861.
Gold medal in the weight of 50 ducats
commemorating the publication of the second volume
of Alexander von Humboldt’s *Kosmos*.
NGC MS 65 PL.
From the estate of Emperor William I.
Estimate: 40.000 Euro

166Prussia. Frederick William IV, 1840–1861.
Gold medal in the weight of 50 ducats commemorating
the unveiling of the equestrian statue of
Frederick the Great on Unter den Linden in Berlin in 1851.
NGC MS 63 PL.
From the estate of Emperor William I.
Estimate: 25.000 Euro

191Prussia. William I, 1861–1888.
General’s Medal in the weight of 120 ducats, 1871,
commemorating the victory over France.
A magnificent specimen.
From the estate of Emperor William I.
Estimate: 75.000 Euro

297Russia. Nicholas I, 1825–1855. Family ruble.
1 1/2 rubles (10 zlotys), 1835, St. Petersburg.
NGC MS 64 (Top Pop).
Only 36 examples struck.
A cabinet piece from polished dies.
From the estate of King Frederick William IV.
Estimate: 250.000 Euro

1098Holland. Province.
5 ducats, 1681.
Struck with the dies of a guilder.
NGC PF 64 Cameo.
Proof.
Estimate: 40.000 Euro

1192HRE. Ferdinand II, 1592–1618–1637.
5 ducats, 1634, Vienna.
Extremely rare.
Extremely fine-uncirculated.
Estimate: 10.000 Euro

1266HRE. Vienna.
Salvator Medal in the weight of 12 ducats,
n. d.(around 1840).
NGC PF 61 CAMEO.
Proof.
Estimate: 15.000 Euro

1334City of Regensburg.
5 ducats, n. d. (1708–1710),
with the title of Joseph I. NGC MS 64.
Extremely rare. According to mint records,
only 7 copies struck.
A magnificent piece.
Estimate: 25.000 Euro

1602German New Guinea.
10 New Guinea Marks, 1895 A.
NGC MS 65.
A magnificent piece.
Estimate: 50.000 Euro

2757Saxony.
John Frederick the Magnanimous and
Maurice, 1541–1547.
Trinity Medal, 1544.
A masterpiece of German medal art. Magnificent,
excellent craftsmanship.
Estimate: 75.000 Euro
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Chief Andriy Pyshnyy stated that the term “Kopiyka” is viewed as a symbol of historical Moscow occupation and is thus outdated.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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