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10 Roubles State Loan Bond, 1952 USSR

Issuer Ministry of Finance of the USSR (Министерство финансов СССР)
Year 1952
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Currency Fifth Rouble (1947-1960)
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Obverse description Ornamental border frames the face of the bond, with the State Emblem of the USSR at upper centre. The denomination is stated in words as ДЕСЯТЬ РУБЛЕЙ, accompanied by the full title of the loan issue and the designation ОБЛИГАЦИЯ. The layout follows a formal letterpress style typical of Soviet state securities, with structured text blocks governing the majority of the surface.
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Reverse description The reverse is entirely typeset in a formal letterpress style, bearing the full conditions of issue in numbered paragraphs beneath the loan title. A series and bond number field is present, along with the imprint of the Ministry of Finance of the USSR and the Goznak printing house with the year 1952.
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Soviet state loan bonds of this type were not voluntary purchases. From 1927 onward, workers were pressured — through workplace quotas and social coercion — to subscribe to successive bond issues, with deductions taken directly from wages. By 1952, the scheme had run through dozens of series, and the cumulative debt to ordinary citizens was enormous. Stalin's government responded in 1957 by unilaterally deferring all repayments by twenty years, effectively freezing obligations that many bondholders never lived to collect on.

Goznak printed the entire run in Moscow using the same security intaglio infrastructure it applied to currency.

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