Please see photos for details. The Early Russian silver hammered coins are often referred to as "Wire Money" due to an unusual method of their production. The wire coins are also called "Fish Scales" (or “Cheshuiki” in Russian). They were produced from as early as the 14th century and as late as the 18th century. These coins were struck at the Novgorod, Pskov, Tver and Moscow mints during the reigns of a few Russian rulers.
Created from silver wire that Thalers had brought to Russia from European kingdoms, the minting process would begin by the melting of the silver for special hot cleaning. The silver bars would then be processed into wire, which would be cut-to-size, and then flattened and annealed to gain their plasticity. This resulted in the blanks that would then be struck between two dies with a hammer. The lower die would be fixed in place, while the upper die would be held by the hand of the Hammerer. Due to such crude methods and imperfect techniques, the resulting coins would often be of elongated shape, and bear many defects on the obverse and reverse sides.