A circulating piece.
Patina.
Obverse: bust of the Tsar to the right, under it initials СПБ, in the rim legend:
ПЕТРЪ A-IМПЕРАТОРЪ ИСАМОДЕРЖЕЦЪ-ВСЕРОСIСКИ-;
Reverse: crowned Tsarist monograms, within them: 1723, in the rim legend:
МОНЕТА НОВАЯ ЦЕНА РУБЛЬ;