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Altyn ( алты́н, also ) is a historical Russian currency (symbol: ). The name in is altın (алтын) meaning "gold",Этимологический словарь русского языка. — М.: Прогресс. М. Р. Фасмер. 1964—1973. and altı (алты) meaning "six", since it was worth six , equivalent to three silver, then copper, a small value coin,Спасский, И. Г. Алтын в русской денежной системе. / В кн.: Краткие сообщения Института истории материальной культуры АН СССР, вып. 66. — 1956.Спасский, И. Г. Русская монетная система. — Л.: Аврора, 1970. — с. 105. or 180–206 copper puls.Eric R. Schena, “ The Influence of Islamic Coins on the Russian Monetary System: An Introduction”, As-Sikka: The Online Journal of The Islamic Coins Group, 1, no. 2 (1999-2000), August 2004


History
From the 14th century, the altyn had been in use in several Russian principalities as a currency between Russian and Asian traders. Treaties between the principalities of Moscow, Ryazan and Tver show that the rate remained the same. One altyn was equal to six , while one was equal to 200 (in Moscow) or 220 (in Pskov) dengi. In the Sudebnik of 1497, one ruble was equal to 200 dengi, while one altyn was equal to six dengi.

They were minted from 1654 under Alexis I, and under Peter I as silver coins from 1704 to 1718. Peter began minting silver ruble coins in 1704 and made the ruble the first ; the altyn was equal to three . Later, they were revived under Nicholas I as copper coins with a value of three kopecks from 1839. While the name altyn eventually got lost, three-kopeck coins circulated in Russia until 1991.

In the 2010s, the Eurasian Economic Commission drafted first proposals to revive the altyn once again by 2025 as a common currency of the Eurasian Economic Union, although international sanctions against Russia reportedly encouraged the bloc to expedite the process by 3–5 years. However, as of 2023, the currency had still not been re-introduced.


See also
  • Glossary of Russian currency


Sources
  • (2017). 9789004352148, BRILL. .
  • (2025). 9780199213122, OUP Oxford. .
  • (2019). 9781476636658, McFarland. .
  • Uzdennikov V., Монеты России (1700—1917) Coins: Издание третье. — М.: Collector’s Books; IP Media Inc., 2004.


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