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50 Kopecks

Issuer State Bank of the USSR
Year 1924
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Value 50 Kopecks (0.50)
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Obverse description The State Arms of the USSR appears as a small vignette at the upper left, set against an unadorned white ground. The central field carries the denomination in large Cyrillic letterpress text — ПЯТЬДЕСЯТ / 50 КОПЕЕК / 50 — framed by a fine guilloche border in blue. Below the denomination, an inscription states that the note circulates on a par with silver coin, with manuscript signatures of the People's Commissar of Finance and the Cashier appearing in the lower portion, and the year 1924 printed at the lower left margin.
Obverse lettering ПЯТЬДЕСЯТ
50 КОПЕЕК 50
ИМЕЮТ ХОЖДЕНИЕ НАРАВНЕ С СЕРЕБРЯНОЙ МОНЕТОЙ
Народный Комиссар Финансов
Кассир
1924
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Comments

The 1924 Soviet currency reform was one of the more technically ambitious monetary resets of the twentieth century. The chervonets-based system introduced in 1922 had stabilized the ruble conceptually, but small denomination paper was still needed to replace the catastrophic hyperinflationary sovznak issues. This 50 Kopeck note was part of that final clean-up — low-value fractional currency printed to restore transactional confidence at street level.

The State Bank series to which P#196 belongs circulated alongside silver coinage of the same denominations, creating an unusual dual-medium situation where the paper and metal versions were theoretically interchangeable at face value.

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