10000 Rubles (Victory in the Great Patriotic War) – Russian Federation
Non-circulating coins
Commemoration: 80th Anniversary of the Victory of the Soviet People in the Great Patriotic War
Russia
Context
Year: 2025
Country: Russia 
Issuer: Russian Federation
Period:
(since 1991)
Currency:
(since 1998)
Total mintage: 50
Material
Diameter: 100 mm
Weight: 1004.4 g
Gold weight: 1003.40 g
Thickness: 8.5 mm
Shape: Round
Composition: 99.9% Gold
Standard: Silver kilo
Magnetic: No
Technique: Milled
Alignment: Medal alignment
flip
References
Value
Exchange value: 10000 RUB
Bullion value: $167635.31
Obverse
Description:
The disc's mirror field features the relief image of the National Coat of Arms of the Russian Federation. Above it, a semicircular inscription reads "РОССИЙСКАЯ ФЕДЕРАЦИЯ," flanked by doubled rhombuses. Below the coat of arms are markings for the metal and fineness on the left, and the fine metal content and mint mark on the right. Centered at the bottom is a three-line inscription: "БАНК РОССИИ," the coin's denomination.
Inscription:
РОССИЙСКАЯ ФЕДЕРАЦИЯ
Au 999 1 кг
№ 000 СПМД
БАНК РОССИИ
10000 РУБЛЕЙ
2025 г.
Au 999 1 кг
№ 000 СПМД
БАНК РОССИИ
10000 РУБЛЕЙ
2025 г.
Translation:
RUSSIAN FEDERATION
Au 999 1 kg
No. 000 SPMD
BANK OF RUSSIA
10000 ROUBLES
2025 yr.
Au 999 1 kg
No. 000 SPMD
BANK OF RUSSIA
10000 ROUBLES
2025 yr.
Language: Russian
Engraver: Alexandra Arsenyevna Dolgopolova
Designer: Elena Viktorovna Kramskaya
Reverse
Description:
The disc's mirror field features a matte laser-etched relief of Soviet soldiers removing enemy flags amid Red Square victory fireworks, topped with the matte laser-etched logo for the 80th Anniversary of the Victory in the Great Patriotic War.
Inscription:
80
ПОБЕДА!
ПОБЕДА!
Translation:
VICTORY!
Script: Cyrillic
Language: Russian
Designer and engraver: Andrey Anatolyevich Brynza
Edge
360 corrugations
Mints
| Name | Mark |
|---|---|
| Saint Petersburg | (СПМД) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2025 | СПМД | 50 | Prooflike |
Historical background
In 2025, the currency situation in the Russian Federation remains defined by a state of managed stability under stringent capital controls, but with underlying structural vulnerabilities. The ruble’s exchange rate is largely decoupled from traditional market fundamentals and is instead a policy tool administered by the Central Bank of Russia (CBR) and the Ministry of Finance. Stability is enforced through a complex regime of mandatory foreign currency sales for exporters, strict limits on capital movement, and the continued use of a "budget rule" that diverts excess oil and gas revenues into the National Wealth Fund. This has prevented the dramatic volatility seen in 2022-2023, but at the cost of a largely artificial exchange rate that masks inflationary pressures and constrains economic dynamism.
The financial landscape is characterized by a deepening "bifurcation" between the domestic and international systems. Domestically, the ruble remains the sole legal tender, supported by a rapid expansion of the Mir payment system and digital financial platforms. Internationally, however, the economy relies on a patchwork of alternatives to circumvent Western sanctions, including a much-increased use of currencies like the Chinese yuan for trade settlement, bilateral local currency agreements, and informal barter mechanisms. This duality creates significant transaction costs, complicates long-term investment, and reflects Russia's continued economic reorientation from Europe towards Asia and other non-aligned partners.
Looking forward, the primary risks to currency stability are less about sudden collapse and more about gradual erosion. Persistent, elevated inflation—driven by high military spending, labor shortages, and import bottlenecks—continues to undermine the ruble's purchasing power. The currency's value is fundamentally tethered to the fiscal health of the state, which remains dependent on volatile global energy prices and the efficacy of sanctions evasion. Therefore, while a technical crisis is unlikely in the short term, the 2025 situation points to a long-term trajectory of controlled depreciation, financial isolation, and the use of the currency as an instrument of sovereign economic defense rather than a fully convertible medium for global exchange.
The financial landscape is characterized by a deepening "bifurcation" between the domestic and international systems. Domestically, the ruble remains the sole legal tender, supported by a rapid expansion of the Mir payment system and digital financial platforms. Internationally, however, the economy relies on a patchwork of alternatives to circumvent Western sanctions, including a much-increased use of currencies like the Chinese yuan for trade settlement, bilateral local currency agreements, and informal barter mechanisms. This duality creates significant transaction costs, complicates long-term investment, and reflects Russia's continued economic reorientation from Europe towards Asia and other non-aligned partners.
Looking forward, the primary risks to currency stability are less about sudden collapse and more about gradual erosion. Persistent, elevated inflation—driven by high military spending, labor shortages, and import bottlenecks—continues to undermine the ruble's purchasing power. The currency's value is fundamentally tethered to the fiscal health of the state, which remains dependent on volatile global energy prices and the efficacy of sanctions evasion. Therefore, while a technical crisis is unlikely in the short term, the 2025 situation points to a long-term trajectory of controlled depreciation, financial isolation, and the use of the currency as an instrument of sovereign economic defense rather than a fully convertible medium for global exchange.
✨ Legendary