1 chervonets — RSFSR (1922)

Photo: Boleslav1 · Wikimedia Commons

The chervonets notes of 1922

The chervonets is the note of the gold-backed currency introduced by the currency reform of 1922. The notes state that a chervonets contains 1 zolotnik 78.24 dolya of pure gold and is exchangeable for gold, with the start of exchange left to a special government act; notes from 3 chervontsa upward were also accepted at face value for taxes payable in gold. The bank notes of the State Bank of the RSFSR were authorised by a decree of the Council of People's Commissars of 11 October 1922 and put into circulation on 27 November 1922. The design is by Vladimir Adrianov, after English pound notes, and they were printed by Goznak. Specimens of every denomination come in two forms: perforated «ОБРАЗЕЦ» and with a red overprint «НЕПЛАТЕЖНЫЙ» and «ОБРАЗЕЦ». The chervonets notes remained in circulation until the monetary reform of 1947.

Signatures

The note was signed by the management board of the State Bank, so the signatures depend on its composition. The first issue carries the signatures of the chairman A. Sheinman, the second, later one those of the chairman G. Pyatakov; all specimens bear the signatures of the first board. The series of the first issue run from АА to РЗ and on from РЛ, those of the second are РЗ, РИ and РК.

Appearance

Black lettering and frame on white paper, with a multicolour (pink, green, yellow) guilloché at right and left. The state emblem is at top centre, with the inscriptions «БАНКОВЫЙ БИЛЕТ» and «Один червонец»; a red serial number of two series letters and six digits is printed twice. The watermark is lozenges, and the reverse is blank.

Specifications

Period

Chervonets notes

Issue type

Circulation

Material

Paper

Size

177.0 × 110.0 mm

Issuer

Goznak

Dominant color

black

Watermark

Yes

Demonetized

Dec. 14, 1947

Variants

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Year	Series	Print run	Details
Issue 1 Chairman of the State Bank: Sheinman A.L. Members of the Board of the State Bank: Katsenelenbaum Z.S. Kutler N.N. Sadyrin P.A. Shlezinger A.D. Accountant: Yakonovskiy P.I.
1922	АА–РЗ, РЛ…	—
1922	—	—	Specimen, perforated "ОБРАЗЕЦ"
1922	—	—	Specimen, red overprint "НЕПЛАТЕЖНЫЙ" and "ОБРАЗЕЦ"
Issue 2 Chairman of the State Bank: Pyatakov G.L. Members of the Board of the State Bank: Arkus G.M. Katsenelenbaum Z.S. Shlezinger A.D.
1922	РЗ, РИ, РК	—