Catalog
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| Issuer | People's Commissariat of Finance (Narkomfin), RSFSR |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 195 × 105 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ГОСУДАРСТВЕННЫЙ ДЕНЕЖНЫЙ ЗНАК ПЯТЬ ТЫСЯЧ РУБЛЕЙ 5000 РУБЛЕЙ ОБЕСПЕЧИВАЕТСЯ ВСЕМ ДОСТОЯНИЕМ РЕСПУБЛИКИ Народный Комиссар Финансов Кассир 1923 |
| Reverse description | The reverse centres on a large engine-turned guilloche rosette in green tones, with the numeral 5000 printed boldly at its centre. Eight lines of Cyrillic text arranged in the central field state the legal tender obligation of the 1923 currency notes pursuant to the decree of 24 October 1922, while the denomination 5000 РУБЛЕЙ appears in smaller figures within lateral guilloche panels on each side. |
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| Comments |
The 1923 RSFSR note issues occupy an awkward transitional moment: the Soviet state was simultaneously running down the old sovznak system and preparing the ground for the chervonets reform that had already begun the previous year. These high-denomination sovznaki were being printed into irrelevance almost as fast as they left the press, their face value consumed by hyperinflation before they could meaningfully circulate. A 5000-rouble note in early 1923 represented a fraction of what a 100-rouble note had bought two years prior.
Narkomfin issued several parallel denomination series in 1923, which creates genuine confusion in cataloguing — some notes bear the same nominal value but differ in lithographic detail or paper stock, and are not always consistently distinguished in dealer stock.