1901 also made some changes to the monetary system of the world. For many, it is associated with the death of Queen Victoria, as a result of which the minting of gold sovereigns and other coins with her profile is completed. Her latest installments of gold sovereigns are highly valued to date.
As for Russia, there is also something to remember:
1. A batch of coins ordered by Finland is issued. Ratings: 1, 5 pennies from copper and 25 from silver.
2. Replaced old machines for minting coins, so that since 1901 the quality and speed of production is greatly increased.
3. In 1901, the minting of coins of 25 kopecks stops. The reason for this is the inexpediency of issuing such a large number of denominations.
4. The Rosenkrants Petersburg Plant ceases to mint coins with its sign. He worked in this direction for only two years and specialized in copper coins.
Also, 1901 marked the beginning of the minting of the Austrian merchant Dukat, which was made of gold and used in trade affairs between countries. Release lasted until 1915.
It is worth noting that this year began the use of British silver coins in Cyprus in the masses. Before that, only bronze English coins were used here, which was rather inconvenient for large transactions. The minting of these monetary units was carried out in England.
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