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250 Roubles

Issuer Russian Soviet Federative Socialist Republic (RSFSR)
Year 1921
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Value 250 Roubles
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Obverse description The RSFSR State Arms — a hammer and sickle within wheat sheaves and with the motto in Cyrillic — appears as a vignette at left, dated 1921 below. To the right, the large numeral '250' and denomination in Cyrillic letterpress occupy the central field, accompanied by the inscriptions РАСЧЕТНЫЙ ЗНАК and ОБЕСПЕЧИВАЕТСЯ ВСЕМ ДОСТОЯНИЕМ РЕСПУБЛИКИ. A guilloche border frames the entire face, with the denomination ДВЕСТИ ПЯТЬДЕСЯТ РУБЛЕЙ repeated in the top and bottom panels, and '250' in the side margins.
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Reverse description The reverse is unprinted, displaying only the plain paper surface with a fine all-over guilloche or lace-pattern watermark structure visible across the entire field, providing the primary security feature of this note.
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Comments

The 1921 RSFSR note issues emerged from a period of catastrophic monetary collapse — by 1921, the Soviet government had printed so much currency to finance the Civil War and War Communism that the rouble had lost the overwhelming majority of its pre-war value. This particular series belongs to the transitional phase just before the 1922–1924 monetary reform, which eventually introduced the chervonets and attempted to stabilize what remained of a functional currency system.

The watermark is one of the few concessions to anti-counterfeiting discipline still maintained during this chaotic production period, when printing capacity was badly strained and paper supply inconsistent.

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