500 rubles — RSFSR (1923)

Pick# 169

Photo: Народный комиссариат финансов РСФСР · Wikimedia Commons

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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 Acceptance stopped everywhere on 10 May 1924, and the notes were withdrawn on 31 May 1924 (30 June 1924 in the Yakut ASSR).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.

Series, cashiers and specimens

The series are ВА-7001..7100 and ЕА-7101..7189. The last digit of the block number sets the cashier: nine of the issue's ten cashiers signed this denomination, with digit "2" and the cashier Porokhov both missing from the pattern for reasons the sources do not explain. Besides ordinary notes, a proof with the obverse printed but no reverse is known.

Appearance

Both sides are brown, on a multicolour ground (green, yellow, pink on the obverse; green, yellow, violet, pink on the reverse): a guilloché pattern with the value «500» and the word «РУБЛЕЙ», a large RSFSR coat of arms in the background, a serial number printed twice, the year «1923», and the signatures of the People's Commissar of Finance and a cashier. The reverse has an ornamental frame and the value in the corners, the text set in eight lines. The note measures about 154 × 106 mm.

Specifications

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

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	Proof, printed obverse only
1923	—	—	—	Estimate	Specimen, perforated "ОБРАЗЕЦ"
1923	—	—	—	Estimate	Specimen, red overprint "ОБРАЗЕЦ"
1923	—	Onikov L.I.	—	Estimate	Blocks ending in 0
1923	—	Selyavo A.A.	—	Estimate	Blocks ending in 1
1923	—	Kolosov I.	—	Estimate	Blocks ending in 3
1923	—	Loshkin N.K.	—	Estimate	Blocks ending in 4
1923	—	Beliayev A.N.	—	Estimate	Blocks ending in 5
1923	—	Dyukov F.Y.	—	Estimate	Blocks ending in 6
1923	—	Silayev A.P.	—	Estimate	Blocks ending in 7
1923	—	Kozlov M.M.	—	Estimate	Blocks ending in 8
1923	—	Sapunov A.A.	—	Estimate	Blocks ending in 9

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