Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
5 Gold Roubles Transport Certificate
| Issuer | Народный Комиссариат Путей Сообщения (НКПС) / People's Commissariat of Railways |
|---|---|
| Year | 1923 |
| Type | Standard circulation banknote |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | The face bears the Cyrillic inscription ТРАНСПОРТНЫЙ СЕРТИФИКАТ across the top, with the denomination ПЯТЬ РУБЛЕЙ ЗОЛОТОМ set within an oval guilloche vignette in the centre. The Soviet state emblem appears at upper left, flanked by the series and serial number at upper left and upper right; a crossed axe and anchor device occupies the upper right corner. A detailed steam locomotive vignette runs along the bottom of the note, accompanied by printed text setting out the terms of the interest-free loan obligation and two manuscript facsimile signatures of the People's Commissar of Railways and the People's Commissar of Finance. The year 1923 г. is printed below the central denomination panel. |
|---|---|
| Obverse lettering | ТРАНСПОРТНЫЙ СЕРТИФИКАТ ПЯТЬ РУБЛЕЙ ЗОЛОТОМ ПО ОФФИЦИАЛЬНОМУ КУРСУ Настоящее беспроцентное заемное обязательство НКПС действительно до 1-го мая 1924 года. Погашение заемных ТРАНСПОРТНЫХ СЕРТИФИКАТОВ обеспечивается всеми доходами железных дорог и водного транспорта и гарантией Народного Комиссариата Финансов. Народный Комиссар Путей Сообщения Народный Комиссар Финансов Серия 7. №1175735 1923 г. |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The NKPS transport certificates of 1923 were not currency in the conventional sense. The People's Commissariat of Railways issued them as internal payment instruments during the NEP period, when the Soviet rail network was operating under quasi-commercial conditions and chronic cash shortages made orthodox wage payment nearly impossible. Workers and rail employees received these certificates in lieu of sovznaki, which by mid-1923 had depreciated so catastrophically that payroll in paper rubles was effectively meaningless.
The denomination in gold roubles was a deliberate accounting fiction — the Soviet gold chervonets existed, but these certificates were not redeemable in specie. The gold ruble peg was a stabilization gesture, tying the face value to a theoretical hard-money standard while actual redemption remained at the commissariat's discretion.