QUOTE(bobh @ Nov 20 2007, 05:11 AM)

Here is a link to this coin's pictures:
Pyatak (5 kopeks), 1793-AM (or 1793/2-AM). We have discussed this one some time ago, but I keep wondering how on earth something like this could happen?

The overdate is rather obvious; however, I don't believe it was really a repunched date in the die, but that this coin was struck twice using two different dies: the first time with 1792, then with 1793. Otherwise, I find no explanation for the misaligned crowns and the slightly different shape of Catherine's monogram ... the right-hand side and bottom half of the "E" line up almost perfectly, but the upper left-hand side shows a more pronounced curvature in the understrike.
If we accept the premise that this was done on purpose (how on earth could it be a mere "error"?

) then the question is, why did they do this? According to references I have (Brekke and Uzdenikov), the Annensk mint only started the overstriking program for Paul I in 1794. Do these later overstrikes look anything like this one? I can't tell just from the Brekke illustrations, but the doubling all over looks similar to my eyes.
If it was an overstrike with different dies as you suggest, then I think it must have been deliberately done. Note that the coin was not just thrown in between the dies for overstriking. It would have to have been carefully placed there so that 12 o'clock on the undertype lined up with 12 o'clock on the dies used in the overstrike.
This does not appear to be part of Paul's re-overstriking program, because I cannot see any evidence of an earlier overstrike using 10 kopecks cipher series dies, only an earlier strike of the same type. So there is no immediately apparent reason for an overstrike.
I wonder if it might simply be a double strike with dies with a repunched date. Because these coins were struck without a collar, the second blow from the dies would cause the coin to spread and become wider and thinner than it was originally. This spreading process would also spread the relief parts of the coin so that, for example, the monograms might be slightly shifted and therefore out of alignment.
So why a double strike?
As I understand it, coins struck with a screw press were done using at least a 2-man team. There was the muscular guy who operated the press and a (probably younger and more nimble) assistant who inserted the blank into the press, removed the finished coin after striking, and replaced it in the press with the next blank for striking.
With coordination of their timing, this team could turn out a reasonably large number of coins (although certainly not as many as later steam or hydraulic presses).
If the rhythm of the interplay of this team is somehow disturbed, the coin might not be removed before the dies struck it again. This would lead to a result similar to that seen on your coin and the 2 blows would remain aligned at 12 o'clock because the position of the coin relative to the dies had not been disturbed.