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850 Roubles 5% Freedom Loan Debenture Bond - Type 1
| Issuer | Rostov-on-Don Office of the State Bank (Russia - Civil War issues) |
|---|---|
| Year | 1917-1918 |
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| Value | Log in to see details |
| Currency | Rouble (1917-1924) |
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|---|---|
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| Reverse description | Black letterpress on rose guilloche underprint; the composition is entirely typographic, with large bold heading text at the upper portion followed by multiple paragraphs of densely set smaller text filling the central field, and signatory lines positioned in the lower section. No pictorial vignettes are present, consistent with the bond document character of this wartime emergency issue. |
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| Protection type | Watermark |
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| Comments |
The Freedom Loan (Zaём Svobody) was launched by the Provisional Government in spring 1917 — an attempt to keep Russia financially solvent and militarily engaged while the entire state apparatus was disintegrating around it. The 5% debenture bonds were issued in multiple denominations partly because the government lacked the infrastructure to produce proper banknotes fast enough, and cut bond sheets began circulating as de facto currency almost immediately.
The Rostov-on-Don State Bank office began issuing these during the Civil War period, when the Don region was contested between Red and White forces. That institutional ambiguity — Provisional Government paper being used under successive, incompatible regimes — is why the same physical note sometimes bears multiple validation marks from different administrations.
Type 1 designation distinguishes it from later printings with revised plate characteristics.