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25 Roubles Russian Ballet

Issuer Bank of Russia
Year 1994
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Value 25 Roubles (25 RUR)
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Obverse description The facade of the Bolshoi Theatre in Moscow is depicted in the upper portion of the obverse, with the inscription БОЛЬШОЙ ТЕАТР (BOLSHOI THEATRE) and metallic fineness indicators — Ag 900, fine metal content, and the ММД mint mark — inscribed beneath the building. In the central field below, the double-headed eagle after the design of artist Ivan Bilibin serves as the state arms device. A raised rim legend in Cyrillic reads 25 РУБЛЕЙ 1994 г. at the top and БАНК РОССИИ at the bottom, the two portions separated by decorative ornamental elements.
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Reverse description The reverse features a dynamic central composition depicting a dancing pas de deux, rendered in high relief with fine sculptural detail characteristic of Russian commemorative coinage of this period. A decorative floral ornament divides the encircling rim legend, which reads РУССКИЙ БАЛЕТ (RUSSIAN BALLET) in Cyrillic characters. The field surrounding the figural group is smooth, allowing the intricate choreographic design to stand in sharp contrast against the mirror-like proof surface.
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Additional information

Issued as part of Russia's early post-Soviet commemorative program, this piece belongs to a series that the Bank of Russia used aggressively in the mid-1990s to generate hard currency revenue abroad — the coins were largely intended for export sale rather than domestic circulation, a frank acknowledgment of the rouble's near-worthless purchasing power at the time.

The 1994 ballet issue falls in the same period as Russia's "black Tuesday" — October 11, 1994 — when the rouble lost 27% of its value against the dollar in a single day, making the foreign-market strategy behind these silver pieces all the more pointed.

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