1 ruble — RSFSR (1923) — 1st issue

Pick# 156

Photo: Numista
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← 50 kopecks (1923) 1 ruble (1923) — 2nd issue →

The second sovznak issue of 1923

The second and final sovznak issue was denominated at 1:100 to the 1922-series rouble. Eleven denominations from 50 kopecks to 5000 roubles; six of them (1 to 100 roubles) exist in two reverse-text revisions — seven- and eight-line, differing only in wording — shown on the site as separate "1st issue"/"2nd issue" cards. All were printed at the First Moscow Goznak factory, on paper with a corner watermark except for the individual exceptions noted at each denomination. Except for 50 kopecks, which carries no signatures or serial numbers, the notes are signed by Grigory Sokolnikov, People's Commissar of Finance (who replaced Nikolai Krestinsky in that post), together with a cashier set by a repeating block-number cycle. The seven lower denominations (50 kopecks to 100 roubles) went into circulation on 1 January 1923; the four higher ones (250, 500, 1000 and 5000 roubles) followed later, on 9 February 1923. Acceptance stopped everywhere on 10 May 1924, and the notes were withdrawn on 31 May 1924 (30 June 1924 in the Yakut ASSR). Most denominations are known with a perforated «ОБРАЗЕЦ» specimen and a red «ОБРАЗЕЦ» overprint specimen.

Reverse text and series

The reverse text equates the rouble to one million roubles of withdrawn old notes, or 100 roubles of the 1922-series notes — hence the "seven-line" type. The series run in blocks АА-001…027, with the cashier changing every three blocks.

Appearance

The obverse is brown on a light-brown ground: a guilloché pattern with the value «1» and the word «РУБЛЬ», the RSFSR coat of arms at upper left, a red serial number of two letters and three digits printed twice, the year «1923», and the signatures of the People's Commissar of Finance and a cashier. The reverse is brown on a multicolour (light brown, green, pink, blue) ground, with an ornamental frame and the value in the corners, the text set in seven lines. The note measures 110 × 67 mm.

Specifications

Period: State currency notes (1923)
Currency: 1 ruble = 100 kopecks
Issue type: Circulation
Material: Paper
Issuer: Goznak
Dominant color: brown
Watermark: Yes
Demonetized: May 31, 1924

Variants

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People's Commissar of Finance of the RSFSR: Sokolnikov G.Y.

Year	Series	Cashier	Print run	Price	Details
1923	—	—	—	Estimate	Specimen, overprinted "ОБРАЗЕЦ"
1923	—	Loshkin N.K.	—	Estimate	Specimen, perforated "ОБРАЗЕЦ"
1923	АА	Kozlov M.M.	—	Estimate	Blocks 001-025 (every 3rd block)
1923	АА	Selyavo A.A.	—	Estimate	Blocks 002-026 (every 3rd block)
1923	АА	Loshkin N.K.	—	Estimate	Blocks 003-027 (every 3rd block)

Other banknotes of the period

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