RUSSIA, Grand Principality of Muscovy. Ivan IV Vasilyevich Grozny (the Terrible), 1533-1547. Denga (Silver, 16 mm, 0.64 g, 11 h), not citing Ivan IV by his name, Novgorod. Horseman galloping to right, holding lance in his right hand and reins in his left. Rev. Knyaz Velikiy Gosudar Vseya Rusi ('The Great Prince, Sovereign of all of Russia' in Russian). Kleshinov-Grishin 75. Light marks, otherwise, good very fine.

From the collection of Dr. D. Löer, formed since the 1970s.