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10 000 Roubles

Issuer Russian Socialist Federative Soviet Republic (RSFSR)
Year 1921
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Value 10 000 Roubles (10 000)
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Obverse lettering РАСЧЕТНЫЙ ЗНАК 10000 РОССИЙСКОЙ СОЦИАЛИСТИЧЕСКОЙ ФЕДЕРАТИВНОЙ СОВЕТСКОЙ РЕСПУБЛИКИ ДЕСЯТЬ ТЫСЯЧ РУБЛЕЙ ОБЕСПЕЧИВАЕТСЯ ВСЕМ ДОСТОЯНИЕМ РЕСПУБЛИКИ НАРОДНЫЙ КОМИССАР ФИНАНСОВ КАССИР ПОДДЕЛКА РАСЧЕТНЫХ ЗНАКОВ ПРЕСЛЕДУЕТСЯ ПО ЗАКОНУ
Reverse description Red and multicolour. The RSFSR state arms — hammer and sickle within a wreath of wheat ears, surmounted by a rising sun — occupy a central guilloche medallion of scalloped form set against a fine letterpress underprint of repeating Cyrillic text. Numeral '10000' and the word 'РУБЛЕЙ' appear in large outline figures on both sides of the central vignette. The date '1921' is worked into an ornamental cartouche at the bottom centre, and the border panels carry the Marxist motto in Russian, Italian, English, French, German, Arabic, and other scripts.
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By 1921, Soviet Russia was printing denominations that would have been unimaginable under the Tsar — the 10,000-rouble note was not a high-value reserve instrument but an everyday transaction note, rendered nearly worthless by hyperinflation before the ink was dry. The RSFSR monetary collapse of this period was so severe that Sovnarkom briefly debated abolishing money altogether, an ideological position that became briefly convenient given there was almost none worth using.

Goznak had only recently been reconstituted from the pre-revolutionary Ekspeditsiya Zagotovleniya Gosudarstvennykh Bumag, operating under acute shortages of quality paper stock — which makes a clean watermark on surviving examples worth noting.

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