Horseman advancing right, holding a spear, letters "ΔE" below / Inscription in four lines "TSAR / I KNYAZ / VELIKIY / IVAN" ("Tsar and Grand Duke Ivan"). 9.5mmx11.5mm, 0.32 grams. Moscow mint.  Grishin #57; Russian Wire Coins #57.

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