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50 Cents

Issuer Mongolian State Treasury
Year 1924
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Value 50 Cents (0.50)
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Obverse description The obverse is dominated by a central rosette guilloche vignette with a diamond-shaped medallion at its core, surrounded by elaborate scrollwork and foliate ornamentation printed in red, grey, and yellow tones. The denomination "50" appears in stylized numerals at the lower left and lower right corners, with the legends "FIFTY CENTS" centered at the bottom and "cents" repeated beneath each numeral. Traditional Mongolian script inscriptions appear in rectangular panels on both the left and right sides of the central vignette, and a serial number is printed in black along the upper margin.
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Reverse description The reverse presents a landscape-oriented design with a central cream-coloured rectangular text panel bearing multiple lines of traditional Mongolian script, set against a light ground. The border is composed of blue scrollwork and foliate ornamentation in an East Asian decorative style, with two oval cartouches at the left and right margins also carrying Mongolian script. A further line of Mongolian script runs along the bottom edge of the central panel.
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Comments

Mongolia's 1924 currency series was issued immediately following the establishment of the Mongolian People's Republic and the creation of the Mongolian State Treasury — this 50 Cents note belongs to the very first emission of modern Mongolian paper currency. The denomination itself reflects a transitional monetary framework that borrowed nomenclature from neighboring currencies before the tögrög was introduced the following year, in 1925, rendering this entire series obsolete almost immediately after issue.

Goznak's Moscow facilities printed the series, a predictable arrangement given the Soviet role in administering the young republic. The "R" suffix in the Pick reference denotes a remainder — unissued stock — which accounts for most surviving examples today.

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