Russian Revolution gold coin hoard worth over $500,000 discovered during house construction

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Russian Revolution gold coin hoard worth over 0,000 discovered during house construction

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Archaeologists have discovered a century-old hoard of gold ruble coins under a house in northwest Russia. The 409 coins were minted during the late Russian Empire and are now worth more than half a million dollars.

In 2025, researchers from the Institute of Archeology of the Russian Academy of Sciences and the All-Russian Historical and Ethnographic Museum excavated the foundations of a historic house in anticipation of new construction in the town of Torzhok, about 420 kilometers southeast of St. Petersburg, according to a March 5 report. statement.

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In the rubble of a foundation, archaeologists placed a stadium rod and coins can be seen sticking out of the earth

Archaeologists found a broken earthenware cup filled with coins while excavating the foundations of an ancient house. (Image credit: Institute of Archeology of the Russian Academy of Sciences)

While two coins were minted during the reigns of previous tsars (Nicholas I and Alexander III), the others come from the reign of Tsar Nicholas II, the last Russian emperor before the Russian Revolution of 1917. Nicholas and the rest of the Romanov royal family were executed in 1918. While rumors persisted for decades that his daughter, Grand Duchess Anastasia Nikolaevna, had escaped execution, researchers believe now that she was killed alongside her family.

Experts believe that the Torzhok treasure was hidden during or after the start of the revolution and that the owner of the treasure intended to return to retrieve it. Archival records suggest that 24 families lived in this area in the late 19th and early 20th centuries, but experts are unsure which family hid their savings because the historic and modern house numbers do not match.

front and back of a gold ruble coin depicting Tsar Nicholas II

Archaeologists found more than 380 10-ruble gold coins depicting Tsar Nicholas II on the front. (Image credit: Institute of Archeology of the Russian Academy of Sciences)

In total, the treasure coins total 4,085 rubles. Historical monetary tables reveal that in 1916, the exchange rate was 6.7 rubles per US dollar. Given inflation$610 in 1916 is equivalent to more than $18,000 today, suggesting that the hoard represented a substantial portion of someone’s savings. But the fusion value of a 10-ruble coin – which is 90% gold – is worth nearly $1,300, meaning the entire hoard can be valued at well over $500,000.

The treasure will now be transferred to the All-Russian Historical and Ethnographic Museum, according to the press release.