100 000 000 Roubles Transcaucasian Socialist Federal Soviet Republic

The Transcaucasian Socialist Federal Soviet Republic was itself a short-lived construction — formed in 1922 to consolidate Armenia, Azerbaijan, and Georgia under a single federated unit before their absorption into the USSR in late 1922, with the TSFSR persisting on paper until 1936. This note belongs to the hyperinflationary collapse of Soviet currency in the early 1920s, when denominations climbed into the hundreds of millions as the Sovznak system disintegrated. The 1924 date places it at the very end of that episode — the Soviet monetary reform of 1924 introduced the chervonets-backed stable ruble and rendered these astronomical-denomination notes worthless almost immediately upon issue.

Notes from this issuer are genuinely scarce in any grade, partly because the TSFSR's administrative existence was so brief that distribution infrastructure was patchy across the Caucasus.