Bird standing right, wings spread / Monogrammed "GOSPODAR" ("Ruler"). 9mm, 0.14 grams. Moscow mint, minted 1533-1598. Griszin 98 or 126.
Rare small denomination, issued only for a few years and in very small numbers. Much rarer than the larger dengas or kopeks.
Ivan IV Vasilyevich, commonly known as Ivan the Terrible, was the Grand Prince of Moscow from 1533 to 1547 and Tsar of All the Russias from 1547 until his death. His long reign saw the conquest of the Khanates of Kazan, Astrakhan, and Siberia, transforming Russia into a multiethnic and multiconfessional state spanning over 4 million square kilometers. Ivan managed countless changes in the progression from a medieval state to an empire and emerging regional power, and became the first ruler to be crowned as Tsar of All the Russians.