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17 Roubles 5% Freedom Loan Debenture Bond - Type 2
| Issuer | Rostov-on-Don Office of the State Bank (Russia - Civil war issues) |
|---|---|
| Year | 1918 |
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| Composition | Log in to see details |
| Size | 182 × 138 mm |
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|---|---|
| Obverse lettering | (round stamp) Ростовская на Дону Контора Государственного Банка (rectangular stamp) 17 р. Настоящая облигация съ 8 (восьмью) купонами выпущена Ростовской Конторой Государствен- наго Банка въ качествѣ денежнаго знака въ суммѣ 17 (семнадцать рублей) (Translation: (round stamp) Rostov on Don Main Office of the State Bank (rectangular stamp) 17 r. This bond with 8 (eight) coupons is issued by the Rostov Office of the State Bank as a banknote in the amount of 17 (seventeen rubles).) |
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| Protection type | Watermark |
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| Comments |
The Freedom Loan — Займ Свободы — was originally launched by the Provisional Government in April 1917 as a patriotic war bond drive, but the Bolshevik seizure of power in October left vast quantities of unmatched debenture certificates stranded in regional bank offices. Rostov-on-Don, under shifting control between Don Cossack and Bolshevik forces throughout 1918, became one of several provincial State Bank branches that improvised fractional currency from bond sheet cuttings rather than face a complete breakdown of small-denomination exchange.
The 17-rouble face value is the giveaway. This odd figure derives from the bond's coupon arithmetic — not from any deliberate monetary calculation — which is precisely what distinguishes Type 2 from the broader Civil War emergency issues produced by more conventional overprinting methods elsewhere in the Don region.