The explanation on the back is wrong: It was Viatcheslav Ivanov who won the single sculls event whereas the M2- sliver medal was won by Viktor Ivanov - an incidental uniformity of surnames
CC GDR 1957 OG Melbourne 1956 Igor Buldakov Viktor Ivanov URS M2 silver medal winners

The  German text indicates that Vladimir Ivanov

won the M1X gold medal and the M2- silver medal

CC GDR 1957 OG Melbourne 1956 Igor Buldakov Viktor Ivanov URS M2 silver medal winners reverse

               

 

 

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