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50 Kopecks Coin note
| Issuer | Soviet Union |
|---|---|
| Year | 1922-1923 |
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| Printer | Goznak (Гознак, Экспедиция заготовления государственных бумаг), Russia (1818-date) |
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| Obverse description | Printed in blue on white paper, the obverse presents a circular vignette rendered in the style of a coin face, enclosed by a wreath of oak and laurel branches at the lower flanks. The inner field carries the denomination numeral '50' flanked by two stars, with the inscription КОПЕЕК on a horizontally lined underprint ground. The legend '1923 ГОДА' runs along the upper arc of the outer circle, completing the trompe-l'œil coin illusion. |
|---|---|
| Obverse lettering | 1923 ГОДА ★50★ КОПЕЕК (Translation: 1923 50 Kopeck) |
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| Comments |
These diminutive coin notes — officially "обязательства" (obligations) — were issued by the Soviet state to paper over a chronic shortage of small-denomination metal coinage in the early NEP period. The 1921–1922 monetary collapse had wiped out public confidence in ruble-denominated paper, so the government anchored these notes explicitly to silver coin equivalents, a tacit acknowledgment that its own fiat currency was not trusted.
The watermark, applied by Goznak on paper produced at their St. Petersburg facility, is the primary security feature — modest by any standard, reflecting wartime-era equipment still being restored after years of neglect and civil war disruption.