bonumic

50 rubles — Russian Empire (1840) — Deposit note

Pick# A29

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Deposit notes and the credit note of 1840–1841

The first steps of Kankrin's currency reform. The deposit notes of the State Commercial Bank (3, 5, 10, 25, 50 and 100 roubles) were issued in 1839–1843 and were fully backed by silver coin: the bank redeemed them without limit. They were meant to replace the depreciated assignats, whose rouble was worth about thirty kopecks in silver. The signature of the deputy manager of the bank was printed as a facsimile, while the director and the cashier signed each note by hand. In 1843 the deposit notes were exchanged one for one for the new State Credit Notes. The 50-rouble credit note of 1841 of the Savings Treasuries and the State Loan Bank was the first credit note, only partly backed by silver; few were made and 219 examples are known.

Appearance

Fifty-rouble deposit note of 1840, a vertical note with a figured brown frame of circles. The upper cartouches carry the year "1840", the lower ones the number; a circle with the figure 50 stands at the bottom centre and a shield with the arms at the top. A hand-written promise to pay in silver coin and the arms of the 1830 pattern; the back carries an extract from the rules on deposits. Size 110 × 146 mm, in circulation from 10 September 1840. Besides the "ОБРАЗЕЦЪ" specimens, two museum colour trials are known, with a yellow and a red frame.

Specifications

Currency
1 ruble = 100 kopecks
Issue type
Circulation
Material
Paper
Size
110.0 × 146.0 mm
Issuer
Expedition for the Preparation of State Papers
Dominant color
Brown
Watermark
Yes
Security thread
No

Variants

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Deputy Manager of the State Commercial Bank: Golokhvastov
Year Series Print run Price Details
1840 — — Estimate Specimen "ОБРАЗЕЦЪ"
1840 — — Estimate Proof, yellow frame
1840 — — Estimate Proof, red frame
1840 — — Estimate
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