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42 Roubles and 50 Kopecks 5% Freedom Loan Debenture Bond - Type 1
| Issuer | Rostov-on-Don Office of the State Bank (Russia - Civil war issues) |
|---|---|
| Year | 1917-1918 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Black on rose underprint. The upper portion carries bold, large-format text that transitions into multiple paragraphs of densely set smaller text covering the central field. Manuscript signatures appear in the lower section, the overall layout following the same bond-document convention as the obverse. |
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| Protection description | Fat Stars watermark pattern visible in the paper |
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| Comments |
The 5% Freedom Loan was launched by the Provisional Government in April 1917 as a voluntary patriotic subscription intended to keep Russia solvent and in the war. It failed spectacularly as a fundraising exercise — the public had little appetite for long-term government paper in a collapsing state — but the bond certificates were later pressed into emergency currency use by regional authorities across the former empire.
The Rostov-on-Don State Bank office began issuing fractional debenture bonds as circulating money during the Civil War period when conventional banknote supply from Petrograd had broken down entirely. The peculiar denomination — 42 roubles 50 kopecks — reflects the coupon payment structure of the original bond, not any monetary logic.