Horseman advancing right, holding a spear, letters "ΔE" below / Inscription in four lines "TSAR / I KNYAZ / VELIKIY / IVAN" ("Tsar and Grand Duke Ivan"). 10.5mmx12.5mm, 0.33 grams. Moscow mint.  Grishin #58; Russian Wire Coins #58.

The coin was minted in Moscow after 1547, after Ivan assumed the title of a Tsar.