Horseman advancing right, brandishing a sable / Inscription in three lines "KNYAZ/VELIKI/IVAN" ("Grand Duke Ivan"). 11mm, 0.33 grams. Moscow mint, minted 1535-1545. Griszin #28.

A beautiful example of the Russian wire money.

The infamous Ivan "the Terrible" was the Grand Duke of Russia between 1533 and 1547. In 1547 he assumed the supreme title of "Tsar" ("Caesar") and ruled as such until his death in 1547.