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10 000 Roubles
| Issuer | Narodnyi Komissariat Finansov (People's Commissariat of Finance), RSFSR |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | ГОСУДАРСТВЕННЫЙ ДЕНЕЖНЫЙ ЗНАК 10000 РУБЛЕЙ ДЕСЯТЬ ТЫСЯЧ РУБЛЕЙ Народный Комиссариат Финансов ФАЛЬШИВЫЙ |
| Reverse description | Plain red-brown letterpress reverse enclosed within a matching guilloche frame, with denomination cartouches reading 10000 РУБЛЕЙ at left and right flanking a central text panel. A large watermark-style numeral 10000 is printed as an underprint across the centre of the note. The upper field carries the heading ДЕНЕЖНЫЕ ЗНАКИ 1923 Г. and the body text sets out the legal tender obligation referencing the decree of 24 October 1922. |
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| Comments |
The 1923 RSFSR high-denomination notes were issued under extraordinary monetary pressure. By that point, Soviet Russia had been through years of war communism, the catastrophic hyperinflation of 1921–22, and was mid-transition into the NEP stabilization program. The 10,000 Rouble denomination — enormous on its face — was already being eroded by continued inflation before it even reached circulation. The entire 1923 sovznak series would be rendered effectively worthless within months, superseded by the chervonets-backed currency reform later that year.
Pick 171A specifically denotes a watermark variety, distinguishing it from the plain-paper 171B. That distinction matters more than it might appear — paper supply inconsistencies in early Soviet printing were common, and the two varieties were not issued at different times but reflect procurement differences at the Goznak printing works.