Catalog
3 Hryvni 60 Shahiv
| Issuer | Ukrainian State Treasury |
|---|---|
| Year | 1918 |
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| Value | 3 Hryvni 60 Shahiv (1.8) |
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| Obverse description | Treasury bond coupon note with a simple typographic layout on a light ground within a thin ornamental border. The central text in Cyrillic reads the denomination '3 гривні і 60 шагів' in bold letterpress, with the coupon number '7' printed large at both left and right margins. The lower portion carries the series designation 'Серія VIII' and a serial number, with the validity inscription noting 10 years from 1 July 1921. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in rose-red and displays a large bold numeral '200' at the centre, set within an elaborate circular guilloche rosette composed of fine lathe-work ornamental scrollwork that fills virtually the entire field. |
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| Comments |
Issued by the Ukrainian State Treasury under the Central Rada government, this fractional denomination reflects the acute coin shortage that gripped Ukraine in 1918 as the country lurched through successive changes of authority — the Rada, then the Hetmanate, then the Directorate, all within a single year. Paper substitutes for small-denomination coinage were a practical necessity, not an ideological statement.
The shahiv subdivisions were never struck as coin during this period, making fractional treasury notes the only circulating form of small change. Pick 18 belongs to the broader 1918 Treasury series that also includes 10, 20, 30, and 50 shahiv values, all printed domestically under difficult wartime conditions.