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50 Roubles Vladikavkaz Railway Company

Issuer Vladikavkaz Railway Company
Year 1918
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Composition Paper
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Obverse description Central vignette with an allegorical female figure at lower right, a steam locomotive below her, and a winged gear at lower left, together forming an industrial and railway allegory typical of the period. The design reflects the issuer's identity as a railway enterprise through its symbolic imagery.
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Reverse description A cartographic vignette of the Caucasus region illustrates the railway company's main line, tracing the route from Rostov-on-the-Don southward to Petrovsk and Baku. The map serves as both a geographic reference and an assertion of the company's territorial network.
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The Vladikavkaz Railway Company was one of several Russian rail enterprises that began issuing their own paper obligations during the chaos following the October Revolution, when the central banking system had effectively collapsed and wage payments in recognized currency became impossible. These notes functioned primarily as wage scrip — printed to pay workers along the line when coin and state-issued currency were unavailable or refused.

The railway itself connected the North Caucasus region to the Black Sea coast and was a strategically contested artery throughout the Civil War period, changing hands multiple times between 1918 and 1920. Notes from this issuer tend to show heavy circulation wear precisely because they were used intensively in a short window before the Bolshevik consolidation rendered them worthless.

Pick S593 is among the higher denominations in the company's 1918 scrip series.

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