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| 正面描述 | The central field bears the large numeral '50' in guilloche ovals at left and right, flanked by ornate acanthus scroll vignettes at the corners, with the text ПЯТЬДЕСЯТ РУБЛЕЙ and ГОСУДАРСТВЕННЫЙ ДЕНЕЖНЫЙ ЗНАК printed in the centre. The Soviet state emblem appears above the central inscription, accompanied by the guarantee clause ОБЕСПЕЧИВАЕТСЯ ВСЕМ ДОСТОЯНИЕМ РЕСПУБЛИКИ. Two facsimile signature lines for the Народный Комиссар Финансов and Кассир appear below, with the series and serial number АД-4003 printed at lower left and right, and the year 1923 in the top and bottom banners. |
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| 防伪描述 | Tile (geometric) pattern watermark visible throughout the paper |
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The 1923 RSFSR issues occupy an awkward moment in Soviet monetary history: the ruble was in freefall, the Sovznak series was being systematically debased, and Goznak was printing denominations in the tens of millions just to keep pace with hyperinflation. This 50-rouble note was already economically marginal by the time it reached circulation — the parallel chervonets system, introduced the previous year, was quietly absorbing whatever remained of public confidence in paper money.
The Sovznak series was formally withdrawn in 1924 when the currency reform unified the monetary system under the new ruble. Most surviving examples show heavy use; these notes passed through many hands quickly and were rarely preserved.