正面: Ruler on horse. Below horse the letter P
背面: Titles of Russian czar Mikhail Fjodorovitsj Romanov. Issued for the Petsora Company, for use in trade with Russia. Strikes with a "P" below the horse on the obverse were minted in Copenhagen. Those strikes with an "M", or no letter at all, were minted in Gluckstadt.
Varieties exist. Prev. KM#62.2.
